Recent Updates — MEC
Mayville Engineering Company reported second quarter 2026 results with net sales of $163.0 million, a 23.2% year-over-year increase driven by organic growth and the Accu-Fab acquisition. The company posted a net loss of $2.1 million ($0.09 per diluted share) compared to a $1.1 million loss in the prior year period, while Adjusted EBITDA was $13.2 million (8.1% margin). Management raised full-year 2026 net sales guidance by approximately 5%, with mid-point estimates at $635 million. The company also completed a common stock offering generating $94 million in net proceeds, which were used to reduce debt and strengthen liquidity to over $100 million. Additionally, MEC secured $40 million in new Datacenter & Critical Power project awards. Mayville Engineering Company operates as a vertically-integrated manufacturing partner providing design, prototyping, fabrication, and assembly solutions for diverse end markets including commercial vehicles, datacenters, and construction equipment.