MEC Reports Q3 Net Sales of $144.3 Million and Net Loss of $2.7 Million
Mayville Engineering Company reported third quarter 2025 net sales of $144.3 million, up 6.6% compared to the same period in 2024. Organic net sales decreased 9.1%. The company recorded a GAAP net loss of $2.7 million, or $0.13 per diluted share, and a non-GAAP adjusted net income of $2.0 million, or $0.10 per diluted share. Adjusted EBITDA was $14.1 million, representing a margin of 9.8%. Free cash flow was negative $1.1 million. MEC's net leverage ratio stood at 3.5x as of September 30, 2025. Key business developments included an increase in net sales associated with the Accu-Fab acquisition, while organic net sales declined due to lower industrial equipment and consumer tool demand. The company maintained its full-year 2025 guidance.
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