Mayville Engineering Company, Inc. financial data

Symbol
MEC on NYSE
Industry
Metal Forgings & Stampings
Location
715 South Street, Mayville, Wisconsin
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 217 % +51.1%
Quick Ratio 88.1 % +27.8%
Debt-to-equity 124 % +17.1%
Return On Equity 3.72 % -53.9%
Return On Assets 1.66 % -57.6%
Operating Margin 3.81 % -16.2%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20.5M shares +0.29%
Common Stock, Shares, Outstanding 20.3M shares +0.68%
Entity Public Float 247M USD +63.2%
Common Stock, Value, Issued 0 USD
Weighted Average Number of Shares Outstanding, Basic 20.5M shares +0.84%
Weighted Average Number of Shares Outstanding, Diluted 20.7M shares -0.24%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 607M USD +11.2%
Cost of Revenue 533M USD +10.3%
Operating Income (Loss) 23.2M USD -6.95%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 10.1M USD -50.3%
Income Tax Expense (Benefit) 1.63M USD -44.4%
Net Income (Loss) Attributable to Parent 8.51M USD -51.3%
Earnings Per Share, Basic 0.41 USD/shares -52.3%
Earnings Per Share, Diluted 0.42 USD/shares -50%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 314K USD +149%
Inventory, Net 66.1M USD -4.12%
Assets, Current 146M USD -6.02%
Property, Plant and Equipment, Net 172M USD +20.4%
Operating Lease, Right-of-Use Asset 31M USD -10.8%
Intangible Assets, Net (Excluding Goodwill) 56.9M USD +35.3%
Goodwill 92.7M USD +29.5%
Other Assets, Noncurrent 1.7M USD -2.92%
Assets 500M USD +11.6%
Accounts Payable, Current 54.5M USD +3.97%
Contract with Customer, Liability, Current 3.1M USD -45.6%
Liabilities, Current 79.1M USD -17.7%
Deferred Income Tax Liabilities, Net 12.8M USD +5.86%
Operating Lease, Liability, Noncurrent 27.5M USD -10.2%
Other Liabilities, Noncurrent 2.34M USD +161%
Liabilities 266M USD +18.3%
Retained Earnings (Accumulated Deficit) 37.4M USD +29.5%
Stockholders' Equity Attributable to Parent 234M USD +4.79%
Liabilities and Equity 500M USD +11.6%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 10.6M USD
Net Cash Provided by (Used in) Financing Activities -8.32M USD -200%
Net Cash Provided by (Used in) Investing Activities -2.67M USD -18.3%
Common Stock, Shares Authorized 75M shares 0%
Common Stock, Shares, Issued 22M shares +1.05%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -358K USD -35700%
Interest Paid, Excluding Capitalized Interest, Operating Activities 2.09M USD +1770%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 25M USD -1.82%
Operating Lease, Liability 33.7M USD -8.38%
Depreciation 28.7M USD +24.7%
Payments to Acquire Property, Plant, and Equipment 2.78M USD +15.2%
Lessee, Operating Lease, Liability, to be Paid 37.5M USD -7.81%
Property, Plant and Equipment, Gross 422M USD +14.8%
Operating Lease, Liability, Current 5.01M USD +2.37%
Lessee, Operating Lease, Liability, to be Paid, Year Two 5.15M USD -9.16%
Lessee, Operating Lease, Liability, to be Paid, Year One 5.84M USD +2.3%
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure 0%
Deferred Income Tax Expense (Benefit) 848K USD -73.9%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 3.82M USD -2.5%
Lessee, Operating Lease, Liability, to be Paid, Year Three 4.96M USD +2.92%
Deferred Tax Assets, Operating Loss Carryforwards 4.4M USD -7.95%
Deferred Federal Income Tax Expense (Benefit) 808K USD -82.9%
Current Income Tax Expense (Benefit) 191K USD -53.9%
Unrecognized Tax Benefits 1.68M USD +336%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.99M USD +7.46%
Operating Lease, Payments 1.48M USD +3.93%
Current State and Local Tax Expense (Benefit) 191K USD -53.9%
Operating Leases, Future Minimum Payments, Due in Two Years 5.7M USD
Amortization of Intangible Assets 7.74M USD +11.3%
Operating Leases, Future Minimum Payments Due, Next Twelve Months 5.69M USD
Share-based Payment Arrangement, Expense 4.58M USD +28.3%
Operating Leases, Future Minimum Payments, Due in Three Years 5.66M USD
Operating Leases, Future Minimum Payments Due 45.3M USD
Deferred State and Local Income Tax Expense (Benefit) 40K USD
Interest Expense 12.8M USD +186%