Mayville Engineering Company has delivered significant outperformance, rising 90.8% since its original ‘strong buy' rating, but is now downgraded to ‘buy.'. MEC's Q1 2026 revenue grew 6.8% to $144.8 million, driven by data centers, critical power markets, and the Accu-Fab acquisition. Despite revenue growth, MEC's profitability declined due to one-off impairment charges and higher interest expense from increased net debt.
Mayville Engineering NYSE: MEC reported first-quarter 2026 results that topped management's expectations, as rapid growth in its data center and critical power business offset continued softness across several legacy end markets.
Mayville Engineering Company, Inc. (MEC) Q1 2026 Earnings Call Transcript
| Metals & Mining Industry | Materials Sector | Mr. Jagadeesh A. Reddy CEO | XDUS Exchange | US5786051079 ISIN |
| US Country | 2,400 Employees | - Last Dividend | 26 Mar 2004 Last Split | 9 May 2019 IPO Date |
Mayville Engineering Company, Inc., established in 1945 and based in Milwaukee, Wisconsin, operates across the United States with a focus on manufacturing and engineering services. The company, through its numerous subsidiaries, is deeply involved in the design, prototyping, tooling, fabrication, aluminum extrusion, coating, and assembly of aftermarket components. It caters to a diverse clientele, including original equipment manufacturers (OEMs), by supplying engineered components that find applications in a wide array of industries. These industries range from heavy and medium-duty commercial vehicles to construction and access equipment, as well as markets such as powersports, agriculture, military, and more.