Monty RakusenIt's always great when an investment opportunity significantly exceeds your expectations over a short window of time. A great example of this can be seen by looking at Mayville Engineering Company (NYSE:MEC), a company that is engaged in the production and sale of components catering to certain end markets like the power sports market, the agricultural industry, the construction space, and both the heavy and medium duty commercial vehicle market. To many, this might not seem like all that e ...

2Q24 Results Presentation August 7, 2024 SAFE HARBOR STATEMENT 2 Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This presentation contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company's expected results of operations or liquidity; statements concerning projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results a ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q2 2024 Earnings Conference Call August 7, 2024 10:00 AM ET Company Participants Stefan Neely - Vallum Advisors, IR Jag Reddy - President and CEO Todd Butz - Chief Financial Officer Conference Call Participants Mig Dobre - Baird Ted Jackson - Northland Securities Ross Sparenbleck - William Blair Operator Good morning. Thank you for attending today???s Mayville Engineering Company Second Quarter 2024 Earnings Conference Call. My name is Tamiya, and I will be your ...

财务业绩 - 公司第二季度净销售额为1.636亿美元，同比增长17.7%[155] - 制造毛利率为13.6%，同比增加2.0个百分点[159] - 调整后EBITDA为1.964亿美元，调整后EBITDA利润率为12.0%[156] - 净销售额增加15.4%至3.249亿美元[169] - 制造毛利率增加1.8个百分点至13.3%[173] - 营业利润增加76.5%至1.578亿美元[170] - EBITDA和调整后EBITDA分别增加39.8%和31.0%[170] 收购与整合 - 收购MSA公司对销售额和利润产生积极影响[157,158] - 公司于2023年7月1日完成了对MSA公司的收购[171,176,179,192] 市场表现 - 商用车、建筑设备和动力运动市场的有机销售增长[157] - 农业市场需求疲软以及某些军用后市场项目预期在2023年底退出[157] 成本管控 - 公司实施MBX计划和商业定价行动提升了利润率[158] - 法律费用增加主要是与前健身客户的诉讼相关[163] 资金管理 - 利息费用为2.969百万美元，同比增加50.9%[164] - 所得税费用为1.399百万美元，同比增加194.5%[165] - 公司于2023年6月28日与银行签订了新的5年期信用协议,提供2.5亿美元的循环信贷额度[188,192] - 公司目前有1.279亿美元的可用信贷额度,并可获得更多增量融资[196] - 公司认为经营现金流和信贷协议下的可用借款足以为2024年及以后的运营提供资金[197] - 未来现金流受多种变量影响，需要额外的资本支出来开展业务[197] - 如果进行收购且所需资本超过当时可用资金，可能需要减少预期的资本支出和/或寻求额外资本[197] - 公司可能通过信贷协议借款、合资、资产出售、债务或股权证券发行等方式获得额外资本[197] - 2024年6月30日的合同义务包括长期债务本金偿付、预测利息支付、融资租赁义务和经营租赁义务[199][200][201][202][203] 风险管理 - 公司面临客户预测、利率和商品价格波动的市场风险[205][207][210] - 公司维持有效的披露控制和程序，并定期评估其有效性[211][212] - 报告期内公司的内部控制未发生重大变化[213] 现金流 - 经营活动产生的现金流增加39,765万美元[184] - 公司计划2024年全年资本支出在1.5亿至2亿美元之间[195]

财务业绩 - 第二季度净销售额为1.636亿美元，同比增长17.7%，其中有6.9%的有机增长[3] - 净利润为380万美元，每股摊薄收益为0.18美元，同比增加220万美元，每股增加0.10美元[3] - 非公认会计准则下的每股调整后收益为0.26美元，同比增加0.06美元[3] - 调整后EBITDA为1960万美元，同比增加28.4%[3] - 调整后EBITDA利润率为12.0%，同比增加100个基点[3] - 自由现金流为1920万美元，同比增加2290万美元[3,16] - 2024财年实际净销售额为5.884亿美元[38] - 2024财年调整后EBITDA为6610万美元[38] - 2024财年自由现金流为2.38亿美元[38] - 公司上半年净收入为3.249亿美元，同比增长15.4%[60] - 公司上半年调整后EBITDA为3.816亿美元，同比增长31.0%[60] - 公司上半年调整后EBITDA利润率为11.7%，同比提升1.4个百分点[60] - 公司上半年调整后每股收益为0.48美元，同比增长30.0%[62] - 公司上半年经营活动产生的现金流为3.39亿美元，同比增加39.765亿美元[58] - 公司上半年自由现金流为2.703亿美元，同比增加39.211亿美元[64] - 公司第二季度净收入为1.636亿美元，同比增长17.8%[60] - 公司第二季度调整后EBITDA为1.964亿美元，同比增长28.4%[60] - 公司第二季度调整后每股收益为0.26美元，同比增长30.0%[62] 财务指引 - 截至2024年6月30日的净债务与过去12个月调整后EBITDA的比率略低于1.7倍[3,36] - 预计2024年全年自由现金流将在4500万美元至5500万美元之间[3] - 2024财年指引反映了商用车、动力运动和农业终端市场需求在下半年的预期疲软,但将被新项目工作的持续增长所抵消[40] - 2024财年指引还反映了MSA收购的增量贡献,包括净销售额增加2000万至3000万美元,调整后EBITDA增加400万至600万美元[40] - 2024财年指引还反映了MBX和商业定价相关举措的增量贡献为300万至600万美元[41] - 2024财年自由现金流指引显示了由于MBX举措带来的工资资本利用率改善,在2024年第一和第二季度将产生强劲的现金流[42] - 公司预计2024年全年资本支出将在1500万至2000万美元之间[42] 业务发展 - 商用车、户外运动车、农业和建筑与通道市场的强劲需求抵消了军事市场的疲软[5] - 公司通过收购中州铝业(MSA)和实施MBX战略举措来提高运营效率和商业定价能力[6,7,30,34] - 公司上半年资本支出为6,874千美元，同比增加554千美元[64] 其他 - 公司将于2024年8月7日举行第二季度业绩电话会议[43] - 公司将在网站上提供电话会议的现场直播和投资者演示文稿[44][45]

Mayville Engineering (MEC) shares rallied 5.3% in the last trading session to close at $17.35. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.4% loss over the past four weeks.The positive inflation report on Jul 11, 2024, most likely induced bullish sentiments among investors. The Bureau of Labor Statistics revealed that the Consumer Price Index (CPI) for June 2024 increased by 3% year-on-year, the lowest ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, in ...

Mayville Engineering Company, Inc. (NYSE:MEC) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Stefan Neely - Vallum Advisors, IR Jag A. Reddy - President and CEO Todd M. Butz - CFO Conference Call Participants Joseph Grabowski - Robert W. Baird Vladimir Bystricky - Citigroup Inc. Edward Jackson - Northland Capital Markets Timothy Moore - EF Hutton LLC Operator Good morning, everyone and welcome to the Mayville Engineering Company First Quarter 2024 Earnings Conference Call. My ...

| --- | --- | --- | --- | |--------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | 1Q24 Results | | | | | Presentation May 8, 2024 | | | | SAFE HARBOR STATEMENT 2 Safe Harbor Statement under the U.S. Private Securities Litigation Reform Act of 1995: This presentation contains statements that are forward-looking in nature which express the beliefs and expectations of management including statements regarding the Company's expected results of operations or liqui ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38894 Mayville Engineering Company, Inc. (Exact Name of Registrant as Specified in its Charter) Wisconsin 39-09 ...