Mayville Engineering Company Announces First Quarter 2026 Results
MEC reported Q1 2026 net sales of $144.8 million, up 6.8% year-over-year, driven primarily by a 470% surge in its Datacenter & Critical Power end market which also delivered $50 million in new project awards. While the company posted a GAAP net loss of $8.2 million due to project launch costs and legacy market softness, it maintained Adjusted EBITDA of $6.5 million and emphasized that margin realization improved late in the quarter.
Key figures
- Revenue
- 144800000
- Guidance
- FY 2026 Net Sales $590M-$620M (raised low end from prior), Adjusted EBITDA $52M-$60M; Q2 2026 Net Sales $145M-$155M, Adjusted EBITDA $10M-$13M
- Revenue Yoy
- 6.8%
- Adjusted ebitda
- 6500000
- Adjusted ebitda margin
- 4.5%
- Net debt to adj ebitda
- 4.4x
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