Mayville Engineering Company Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 8, 2024
MEC$13.74-2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Income
(in thousands, except share amounts and per share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Three Months Ended | ||||||
| · · March 31, | ||||||
| · 2024 · 2023 | ||||||
| Net sales | | $161,269 | | $142,645 | ||
| Cost of sales | | 140,336 | | 126,268 | ||
| Amortization of intangible assets | | 1,733 | | 1,738 | ||
| Profit sharing, bonuses, and deferred compensation | | 3,800 | | 3,003 | ||
| Other selling, general and administrative expenses | | 7,769 | | 6,966 | ||
| Income from operations | | 7,631 | | 4,670 | ||
| Interest expense | | (3,356) | | (1,658) | ||
| Income before taxes | | 4,275 | | 3,012 | ||
| Income tax expense | | 1,034 | | 441 | ||
| Net income and comprehensive income | | $3,241 | | $2,571 | ||
| | | | | | | |
| Earnings per share: | | | ||||
| Basic | | $0.16 | | $0.13 | ||
| Diluted | | $0.16 | | $0.12 | ||
| | | | | | | |
| Weighted average shares outstanding: | | | ||||
| Basic | | 20,485,933 | | 20,315,338 | ||
| Diluted | | 20,700,046 | | 20,749,948 | ||
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