Mayville Engineering Reports Q1 Net Loss of $8.2M, Sales Up 6.8%
MEC sits 88% above its 52-week low of $12.1 on elevated volume (2.3× avg).
Summary
Mayville Engineering Company (MEC) reported a net loss of $8.2 million, or $0.40 per diluted share, for Q1 2026, despite a 6.8% year-over-year increase in net sales to $144.8 million. Adjusted EBITDA for the quarter was $6.5 million, with free cash flow remaining negative at $6.9 million. This continues a trend of net losses, following the company's reported losses in its 2025 10-K. The results were impacted by project launch costs in the Datacenter & Critical Power segment and lower capacity utilization due to softer Commercial Vehicle demand. While the company secured approximately $50 million in new Datacenter & Critical Power project awards, the persistent net loss and negative cash flow are material concerns for investors, especially with the stock trading near its 52-week high. Traders will be watching for signs of improved profitability and positive free cash flow in subsequent quarters.
At the time of this announcement, MEC was trading at $22.69 on NYSE in the Manufacturing sector, with a market capitalization of approximately $462.2M. The 52-week trading range was $12.10 to $23.63. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.