StockNews.AI
MEC
StockNews.AI
168 days

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

1. MEC reports fourth quarter 2024 net sales of $121.3 million. 2. Net income reaches $16.0 million, $0.76 per diluted share.

2m saved
Insight
Article

FAQ

Why Bullish?

MEC's revenue growth indicates strong market performance. Historical trends show that increased sales often correspond with stock price increases, making the current report bullish.

How important is it?

Strong earnings results can influence market sentiment about MEC, particularly in a competitive sector.

Why Short Term?

Positive quarterly results typically impact stock price promptly. Past experiences show immediate market reactions to earnings announcements.

Related Companies

AAPLGOOGLTSLA
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.

Related News