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Mar 31, 2020
MEC Q1 2020 Earnings Report
MEC's first quarter results reflected improved operating performance and cost-saving benefits, but were impacted by market demand changes and the COVID-19 pandemic.
Key Takeaways
Mayville Engineering Company (MEC) reported net sales of $108.6 million and a net income of $0.1 million for the first quarter of 2020. The company's adjusted EBITDA was $11.4 million. MEC withdrew its guidance due to the uncertainty caused by the COVID-19 pandemic.
Net sales were $108.6 million.
Net income was $0.1 million.
Adjusted EBITDA was $11.4 million.
Company withdrew guidance due to uncertainty regarding the impact of the coronavirus (COVID-19).
Forward Guidance
Based on the uncertainty of the overall economic outlook due to the COVID-19 pandemic, we are withdrawing guidance. At this time, our aim is to provide updated guidance as the economic outlook becomes clearer.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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