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MEC

Mayville Engineering Company Inc

$8.2

Earnings Summary

Revenue
$138.34Mn
Net Profits
$5.93Mn
Net Profit Margins
4.29%

Highlights

Revenue:

Mayville Engineering Company Inc’s revenue jumped 15.08% since last year same period to $138.34Mn in the Q2 2022. On a quarterly growth basis, Mayville Engineering Company Inc has generated 1.53% jump in its revenue since last 3-months.

Net Profits:

Mayville Engineering Company Inc’s net profit jumped 80.1% since last year same period to $5.93Mn in the Q2 2022. On a quarterly growth basis, Mayville Engineering Company Inc has generated 55.13% jump in its net profits since last 3-months.

Net Profit Margins:

Mayville Engineering Company Inc’s net profit margin jumped 56.51% since last year same period to 4.29% in the Q2 2022. On a quarterly growth basis, Mayville Engineering Company Inc has generated 52.79% jump in its net profit margins since last 3-months.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Mayville Engineering Company Inc post its latest quarter earnings

EPS Estimate Current Quarter
0.3
EPS Estimate Current Year
0.3

Highlights

EPS Estimate Current Quarter:

Mayville Engineering Company Inc’s earning per share (EPS) estimates for the current quarter stand at 0.3 - a -3.23% fall from last quarter’s estimates.

EPS Estimate Current Year:

Mayville Engineering Company Inc’s earning per share (EPS) estimates for the current year stand at 0.3.

Key Ratios

Key ratios of the Mayville Engineering Company Inc post its Q2 2022 earnings

Earning Per Share (EPS)
0.29
Return on Assets (ROA)
0.02
Return on Equity (ROE)
-0.02
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Mayville Engineering Company Inc’s earning per share (EPS) jumped 81.25% since last year same period to 0.29 in the Q2 2022. This indicates that the Mayville Engineering Company Inc has generated 81.25% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Mayville Engineering Company Inc’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Mayville Engineering Company Inc’s return on equity (ROE) stands at -0.02.

Dividend Per Share (DPS):

Mayville Engineering Company Inc declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-06-30
0.31
0.29
-6.45%
2022-05-04
0.13
0.19
46.15%

Company Information

MEC is a leading U.S.-based value-added manufacturing partner that provides a broad range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. Its customers operate in diverse end markets, including heavy- and medium-duty commercial vehicles, construction, powersports, agriculture, military and other end markets. MEC has developed long-standing relationships with its blue-chip customers based upon a high level of experience, trust and confidence. Its one operating segment focuses on producing metal components that are used in a broad range of heavy- and medium-duty commercial vehicles, construction, powersports, agricultural, military and other products.

Organisation
Mayville Engineering Company Inc
Employees
2.15K
Industry
Industrial Machinery