Latest news with #MayvilleEngineeringCompany
Yahoo
09-06-2025
- Business
- Yahoo
Mayville Engineering Company Named Number One Fabricator for Fifteenth Consecutive Year
MILWAUKEE, Wis., June 09, 2025--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) ("MEC" or the "Company"), a leading U.S.-based provider of design, prototyping, and manufacturing solutions across diverse end markets, has once again been named the nation's largest fabricator by The Fabricator Magazine, topping the FAB 40 list for the fifteenth consecutive year. "Recognized as the #1 domestic fabricator for the fifteenth year in a row is a testament to the passion, innovation, and excellent execution of our entire MEC team," said Jag Reddy, President & CEO. "This milestone reinforces the strength of our MBX (MEC Business Excellence) strategy, now in its third year, and our disciplined focus on driving commercial growth. Through continued investment in advanced manufacturing capabilities, expansion into light-weight material, and targeted entry into high-value adjacent markets through complementary acquisitions, we are focused on creating meaningful value for both our customers and shareholders." "We're making great progress toward our multi-year commercial expansion goals, and this recognition is a powerful validation of our strategy in action," added Ryan Raber, Executive Vice President of Strategy, Sales, & Marketing. "Our commitment to automation, talent development, and sustainable practices ensures MEC remains a leading partner of choice for OEM's seeking domestic scale, reliability, and strategic alignment. As the market evolves, MEC remains committed to leading with innovation, quality, and a customer-first mindset." ABOUT MAYVILLE ENGINEERING COMPANY Founded in 1945, MEC is a leading U.S.-based, vertically-integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Our customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction & access equipment, powersports, agriculture, military and other end markets. Along with process engineering and development services, MEC maintains an extensive manufacturing infrastructure with 23 facilities, of which 22 are in use, across seven states. These facilities make it possible to offer conventional and CNC (computer numerical control) stamping, shearing, fiber laser cutting, forming, drilling, tapping, grinding, tube bending, machining, welding, assembly, and logistic services. MEC also possesses a broad range of finishing capabilities including shot blasting, e-coating, powder coating, wet spray and military grade chemical agent resistant coating (CARC) painting. For more information, please visit View source version on Contacts INVESTOR CONTACT Stefan Neely or Noel Ryan(615) 844-6248MEC@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Mayville Engineering Company, Inc. (MEC) Seals $140M Accu-Fab Acquisition Deal
Mayville Engineering Company, Inc. (NYSE:MEC) has reached a definitive agreement to acquire Accu-Fab Inc. from Tide Rock Holdings LLC for $140.5 million. The all-cash transaction will be financed through borrowings under MEC's existing $250 million syndicated credit facility, supported by Wells Fargo and JPMorgan Chase. Following regulatory approvals and customary closing conditions, the acquisition is slated to close in Q3 2025. A close-up of a heavy-duty machining tool forming a steel component. The contract manufacturer, Accu-Fab, is known for precision metalwork and serves sectors including renewable energy and data infrastructure. With strong margins and long-term client relationships, Accu-Fab's acquisition is projected to be an immediate accretive to Mayville Engineering Company, Inc. (NYSE:MEC)'s Adjusted EBITDA, which at present stands at $52.42 million. Jag Reddy, CEO of Mayville Engineering Company, Inc. (NYSE:MEC), perceives the acquisition as a strategic fit with the company's long-term growth plan. According to the CEO, the acquisition has the potential to expand operations in markets with high-growth opportunities and deliver margin-enhancing synergies. In terms of numbers, Accu-Fab generated approximately $61 million in revenue and $14 million in Adjusted EBITDA in 2024. Mayville Engineering Company, Inc. (NYSE:MEC) expects the acquisition to contribute to a sales range of $28 and $32 million and an Adjusted EBITDA range of $6 and $8 million in 2025. Further operational efficiencies involve a $1 million annual cost savings by 2026. Despite a Citi adjustment lowering the price target from $18 to $16 on April 14, analysts continue to hold a Buy rating for the company with a consensus target of $18.50. Parallel to the acquisition talks, the company's stock performance has increased by 26.82% over the past month. While we acknowledge the potential of MEC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MEC and that has 100x upside potential, check out our report about the READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Mayville Engineering Company, Inc. (MEC) Seals $140M Accu-Fab Acquisition Deal
Mayville Engineering Company, Inc. (NYSE:MEC) has reached a definitive agreement to acquire Accu-Fab Inc. from Tide Rock Holdings LLC for $140.5 million. The all-cash transaction will be financed through borrowings under MEC's existing $250 million syndicated credit facility, supported by Wells Fargo and JPMorgan Chase. Following regulatory approvals and customary closing conditions, the acquisition is slated to close in Q3 2025. A close-up of a heavy-duty machining tool forming a steel component. The contract manufacturer, Accu-Fab, is known for precision metalwork and serves sectors including renewable energy and data infrastructure. With strong margins and long-term client relationships, Accu-Fab's acquisition is projected to be an immediate accretive to Mayville Engineering Company, Inc. (NYSE:MEC)'s Adjusted EBITDA, which at present stands at $52.42 million. Jag Reddy, CEO of Mayville Engineering Company, Inc. (NYSE:MEC), perceives the acquisition as a strategic fit with the company's long-term growth plan. According to the CEO, the acquisition has the potential to expand operations in markets with high-growth opportunities and deliver margin-enhancing synergies. In terms of numbers, Accu-Fab generated approximately $61 million in revenue and $14 million in Adjusted EBITDA in 2024. Mayville Engineering Company, Inc. (NYSE:MEC) expects the acquisition to contribute to a sales range of $28 and $32 million and an Adjusted EBITDA range of $6 and $8 million in 2025. Further operational efficiencies involve a $1 million annual cost savings by 2026. Despite a Citi adjustment lowering the price target from $18 to $16 on April 14, analysts continue to hold a Buy rating for the company with a consensus target of $18.50. Parallel to the acquisition talks, the company's stock performance has increased by 26.82% over the past month. While we acknowledge the potential of MEC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MEC and that has 100x upside potential, check out our report about the READ NEXT: 10 Unstoppable Dividend Stocks to Buy Now and 11 Oversold Global Stocks to Buy According to Hedge Funds Disclosure: None.
Yahoo
27-04-2025
- Business
- Yahoo
Investors in Mayville Engineering Company (NYSE:MEC) have seen impressive returns of 145% over the past five years
Mayville Engineering Company, Inc. (NYSE:MEC) shareholders might be concerned after seeing the share price drop 24% in the last quarter. But that doesn't change the fact that the returns over the last five years have been very strong. It's fair to say most would be happy with 145% the gain in that time. We think it's more important to dwell on the long term returns than the short term returns. Ultimately business performance will determine whether the stock price continues the positive long term trend. So let's investigate and see if the longer term performance of the company has been in line with the underlying business' progress. We've discovered 2 warning signs about Mayville Engineering Company. View them for free. While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the five years of share price growth, Mayville Engineering Company moved from a loss to profitability. Sometimes, the start of profitability is a major inflection point that can signal fast earnings growth to come, which in turn justifies very strong share price gains. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Mayville Engineering Company's earnings, revenue and cash flow. While the broader market gained around 9.3% in the last year, Mayville Engineering Company shareholders lost 11%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 20%, each year, over five years. If the fundamental data continues to indicate long term sustainable growth, the current sell-off could be an opportunity worth considering. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 2 warning signs for Mayville Engineering Company (1 is concerning!) that you should be aware of before investing here. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
