secwatch.observer — SEC 8-K summary
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Issuer:     Mayville Engineering Company, Inc. (MEC)
CIK:        0001766368
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001564590-22-008138
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mayville Engineering Q4 net loss $13.6M on $16.9M impairment; full-year sales up 27% to $454.8M
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- Net sales Q4 $113.0M (+19% YoY); FY $454.8M (+27% YoY).
- Net loss Q4 $13.6M includes $16.9M impairment from fitness customer zero-demand notice.
- Adjusted EBITDA Q4 $9.2M (8.1% margin); FY $46.2M (10.2% margin).
- 2022 outlook: net sales $480-530M, adj. EBITDA $58-70M, assumes no fitness revenue.
- Impairment charge of $16.9M on Hazel Park, MI facility assets specific to fitness customer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1766368/000156459022008138/0001564590-22-008138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1766368/000156459022008138/mec-8k_20220301.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-008138

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