NYSE:MEC - New York Stock Exchange, Inc. - US5786051079 - Common Stock - Currency: USD
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Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) missed Wall Street’s revenue expectations in Q4 CY2024, with sales falling 18.4% year on year to $121.3 million. The company’s full-year revenue guidance of $575 million at the midpoint came in 4.8% below analysts’ estimates. Its non-GAAP loss of $0.07 per share was 13.2% above analysts’ consensus estimates.
Vertically integrated manufacturing solutions provider Mayville Engineering Company (NYSE:MEC) will be announcing earnings results tomorrow after market close. Here’s what investors should know.
Since July 2024, Mayville Engineering has been in a holding pattern, posting a small loss of 2.7% while floating around $15.72. The stock also fell short of the S&P 500’s 7.3% gain during that period.