Mayville Engineering(NYSE) MEC

Mayville Engineering Company, Inc. builds metal parts for industrial machines. They help manufacturers create components for trucks and farm equipment. The company also produces essential cooling systems for data centers.

What Mayville Engineering Makes

• Commercial Vehicles: Fabricated metal components for heavy- and medium-duty truck manufacturers.
• Data Centers: Critical power and cooling infrastructure for large-scale computer facilities.
• Agricultural Equipment: Specialized parts for farming and construction machinery builds.
• End-to-End Services: Manufacturing solutions from initial design through final coating and assembly.

Strategic Growth and Footprint Changes

• Acquired Accu-Fab in July 2025 to increase production capacity.
• Exited four warehouses in January 2026 to optimize the operational footprint.
• Modified the revolving credit facility on Feb. 25, 2026, to adjust borrowing limits.
• Expanded the workforce to support higher demand in the datacenter market.

How the Production Model Works

Mayville operates as a vertically integrated partner, meaning it handles everything from design to final assembly. It uses index-based contracts to pass raw material price changes to its customers.

Measuring Financial Performance

• Net sales reached $163.0 million for the three-month period ended June 30, 2026, up 23.2% year over year.
• Adjusted EBITDA fell to $19.6 million for the six-month period ended June 30, 2026, down 26.3% year over year.
• Manufacturing margins rose to 10.9% for the three-month period ended June 30, 2026, up 60 basis points year over year.
• Free cash flow was negative $13.6 million for the six-month period ended June 30, 2026, down 175.9% year over year.

Bottom Line

Mayville has transformed from a components manufacturer into a vertically integrated partner serving high-growth infrastructure markets. Its expansion into datacenter cooling and strategic footprint optimization support its long-term manufacturing strategy.