Earnings Releases·Nov 3, 2026, 4:30 PM ET

Mayville Engineering Company — Third Quarter 2026 Earnings Summary

Net sales reached $170.4 million, an 18.1% year-over-year increase, while net income turned positive at $0.4 million compared to a $2.7 million loss in the prior year; Adjusted EBITDA rose to $17.0 million (10.0% margin) from $14.1 million.
Full-year 2026 guidance was raised to $630–$640 million in net sales and $48–$52 million in Adjusted EBITDA, though Free Cash Flow is projected to remain negative ($-16M to $-6M) due to capital expenditures and working capital needs.
Datacenter & Critical Power sales surged 64.9% to $37.2 million, supported by $45 million in new awards and a qualified pipeline exceeding $200 million, while Commercial Vehicle and Construction & Access segments also posted double-digit growth.
The company closed the acquisition of its Thomson, Georgia facility on October 1, 2026, expected to add $50 million in annual revenue capacity by 2028, and completed a stock offering generating $93.9 million in proceeds.
Management anticipates reaching full capacity within 18 months and expects improved operating leverage in 2027 as volumes ramp, despite ongoing launch costs and negative free cash flow driven by scaling investments.