secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001564590-21-053644
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering Q3 net sales $109M, net income $0.3M; guides FY21 sales $450-470M, EBITDA $46-52M
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- Net sales $109.0M, up from $91.1M YoY; net income $0.3M.
- Adjusted EBITDA $10.0M; guides FY21 adjusted EBITDA $46-52M net of launch costs $3.7-4.3M.
- FY21 net sales guidance $450-470M; capex $52-57M with $35-40M for new Hazel Park facility.
- Launch costs for Hazel Park $0.8M in Q3; initial phase on track for 1H22, second phase 2H22.
- Supply chain constraints and labor challenges affecting near-term volumes; leverage 1.2x, net debt $56.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000156459021053644/0001564590-21-053644-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000156459021053644/mec-8k_20211102.htm
  HTML page:      https://secwatch.observer/filing/0001564590-21-053644

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer