MEC Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Mayville Engineering Company delivered a mixed fourth quarter for fiscal 2025, posting revenue that edged past expectations while profitability fell short on both a reported and adjusted basis. Net sales of $134.27 million rose 10.7% year-over-year, … Read more Mayville Engineering Company delivered a mixed fourth quarter for fiscal 2025, posting revenue that edged past expectations while profitability fell short on both a reported and adjusted basis. Net sales of $134.27 million rose 10.7% year-over-year, nudging just ahead of the $133.59 million consensus, but adjusted loss per share of $0.08 missed the $0.07 estimate by 6.67%, as project launch costs in the company's fast-growing Data Center and Critical Power segment, combined with early-stage inefficiencies on a Commercial Vehicle program, compressed adjusted EBITDA to $6.31 million from $9.19 million a year ago. Manufacturing margins narrowed to 6.6% from 8.9%, with $1.20 million in data center launch costs and $1.70 million in commercial vehicle inefficiencies identified as the primary culprits. Four analysts recently lifted their average price target on MEC to $24.25, reflecting optimism that these headwinds are temporary. Looking ahead, management guided full-year 2026 net sales of $580 million to $620 million and adjusted EBITDA of $50 million to $60 million, with profitability improvement expected to accelerate in the second half as data center programs ramp toward representing more than 20% of total revenue.