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Mayville Engineering Company Announces Fourth Quarter and Full-Year 2024 Results

1. MEC reported $121.3 million in net sales for Q4 2024. 2. Net income reached $16 million, translating to $0.76 per diluted share.

Earnings
-0.15%Current Return
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+1.07%S&P 500
$13.7903/04 04:28 PM EDTEvent Start
$13.7703/05 10:47 PM EDTLatest Updated
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FAQ

Why Bullish?

The solid net sales and positive net income indicate strong performance, likely boosting investor confidence. Historically, companies showing resilience after a tough market often enjoy stock appreciation, as seen with other manufacturing firms emerging from downturns.

How important is it?

The financial results are directly tied to MEC's market performance and could significantly influence stock price behavior. Strong quarterly performance is a key driver for investor interest and potential buying activity.

Why Short Term?

Positive quarterly results typically boost stock prices quickly, benefiting from investor sentiment in the following weeks. Past instances, like during Q4 earnings releases for similar firms, saw immediate positive market reactions.

Related Companies

MECSTRHNIACCOHAYN
MILWAUKEE--(BUSINESS WIRE)--Mayville Engineering Company (NYSE: MEC) (the “Company” or “MEC”), a leading value-added provider of design, prototyping and manufacturing solutions serving diverse end markets, today announced results for the three and twelve-months ended December 31, 2024. FOURTH QUARTER 2024 RESULTS (All comparisons versus the prior-year period) Net sales of $121.3 million Net income of $16.0 million, or $0.76 per diluted share; Non-GAAP Adjusted Diluted EPS of ($0.07) Adjusted EB.

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