NYSE$MEC

Mayville Engineering Company Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

MEC's Q4 2020 financial performance improved due to cost reduction initiatives and investments in technology and automation.

Mayville Engineering Company reported net sales of $95.3 million and net income of $1.0 million for Q4 2020. Adjusted EBITDA was $9.3 million, or 9.8% of net sales. The company reduced total funded debt to $47.9 million.

  • Net sales reached $95.3 million.
  • Net income was $1.0 million.
  • Adjusted EBITDA totaled $9.3 million, representing 9.8% of net sales.
  • Total funded debt was reduced to $47.9 million.

Headline financials

Total Revenue

$95.3M

Previous: $102M-6.8%
EPS (adj)

$0.05

Previous: -$0.08+162.5%
Adjusted EBITDA Margin

9.8%

No prior period
Capital Expenditures

$2.44M

Previous: $2.98M-18.0%
Free Cash Flow

$14.8M

Previous: $14M+5.6%
Net Income

$1M

Previous: -$1.67M+159.8%
Operating Income

$556K

Previous: -$4.61M+112.1%
Gross Profit

$11.1M

Previous: $4.03M+174.6%
Cash & Equivalents

$121K

Previous: $1K+12000.0%
Total Assets

$339M

Previous: $364M-6.9%
Stock-Based Comp

$1.01M

Previous: $1.35M-25.0%

Revenue & EPS history

MEC · Revenue · Quarterly

$95.3M

Q4 2020-6.8%vs Q4 2019
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

MEC · $158M total across 6 segments · Q3 2023

  • Commercial Vehicle
    $57.3M
  • Construction & Access
    $26.3M
  • Powersports
    $25.1M
  • Other
    $23.5M
  • Agriculture
    $15M
  • Military
    $11M

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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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