NYSE$MEC
Mayville Engineering Company Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
MEC's first quarter performance was driven by favorable economic conditions, end market demand, and cost optimization.
Mayville Engineering Company reported strong first-quarter results, driven by improving economic conditions and end-market demand, along with cost-optimizing initiatives. Net sales increased to $112.6 million, and the company generated an adjusted EBITDA of $13.0 million.
- Net sales reached $112.6 million.
- Net income was $2.5 million.
- Adjusted EBITDA totaled $13.0 million.
- The company announced a new long-term strategic customer relationship.
Headline financials
Revenue & EPS history
MEC · Revenue · Quarterly
$113M
Revenue by segment
MEC · $158M total across 6 segments · Q3 2023
- Commercial Vehicle$57.3M—36.2%
- Construction & Access$26.3M—16.6%
- Powersports$25.1M—15.9%
- Other$23.5M—14.9%
- Agriculture$15M—9.5%
- Military$11M—6.9%
Forward guidance
The Company is now providing its 2021 financial outlook as follows: Net sales are expected to be between $450 million to $470 million. Adjusted EBITDA is expected to be between $46 million and $52 million net of the launch costs of between $3.5 million to $5.1 million associated with the new customer relationship.
Tailwinds
- Generally positive economic outlook.
- Improving manufacturing volumes.
- End markets are expected to remain stable.
- End markets are expected to continue to trend positively in the near-term.
- Laser focused on delivering improved full year 2021 results while pursuing growth opportunities.
Headwinds
- Pandemic-related challenges.
- Supply disruptions.
- Rising raw material costs.
- Inflationary pressure.
- Impact on customer base.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-1.3%
Avg return
Earnings day
+3.1%
Avg return
5 days after
+5.6%
Avg return
30 days after
39%
11 / 28 earnings
Positive
+17.6%
Q3 2022
Best reaction
-37.7%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | +19.6% | +45.9% | |
| Q4 2025 | -1.8% | -10.8% | -13.7% | |
| Q3 2025 | -10.4% | -6.3% | -8.3% | |
| Q1 2025 | -3.8% | +11.7% | +13.7% | |
| Q4 2024 | -0.1% | +8.2% | -8.8% | |
| Q3 2024 | -16.3% | -18.1% | -19.7% | |
| Q2 2024 | +10.9% | +13.0% | +11.3% | |
| Q1 2024 | +7.4% | +16.2% | +16.1% | |
| Q4 2023 | +6.8% | +3.6% | +6.9% | |
| Q3 2023 | +3.6% | +6.9% | +11.9% | |
| Q2 2023 | -7.9% | +0.2% | -2.9% | |
| Q1 2023 | -5.9% | -17.5% | -2.3% | |
| Q4 2022 | -4.0% | -4.7% | -8.4% | |
| Q3 2022 | +17.6% | +45.1% | +99.2% | |
| Q2 2022 | -0.8% | -3.4% | -3.9% | |
| Q1 2022 | +8.2% | -1.2% | +9.6% | |
| Q4 2021 | -5.7% | -2.0% | -9.4% | |
| Q3 2021 | -4.8% | -4.8% | -18.8% | |
| Q2 2021 | -2.4% | -1.3% | -16.8% | |
| Q1 2021 | -5.7% | +8.2% | +18.6% | |
| Q4 2020 | +1.4% | +6.3% | +3.2% | |
| Q3 2020 | +14.3% | +15.6% | +24.6% | |
| Q2 2020 | -1.5% | +6.4% | +14.0% | |
| Q1 2020 | +8.3% | +30.4% | +34.5% | |
| Q4 2019 | -6.2% | +2.0% | -15.4% | |
| Q3 2019 | -37.7% | -19.9% | -26.8% | |
| Q2 2019 | -5.8% | -11.3% | +1.9% | |
| Q1 2019 | +3.3% | -5.7% | +0.4% | |
| Q4 2018 | — | — | — | |
| Q3 2018 | — | — | — | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — |
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