Mayville Engineering Company Inc

For the period ended Sep 30, 2024. Filed Nov 6, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 6, 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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Contents

Condensed Consolidated Statements of Comprehensive Income

(in thousands, except share amounts and per share data)


· · Three Months Ended · · Nine Months Ended ·
· · September 30, · · September 30, ·
· 2024 · 2023 · 2024 · 2023
Net sales	$135,392	$158,217	$460,298	$439,843
Cost of sales	118,297	139,197	399,993	388,351
Amortization of intangible assets	1,733	2,173	5,200	5,649
Profit sharing, bonuses, and deferred compensation	2,076	2,346	10,010	8,037
Other selling, general and administrative expenses	7,559	8,608	23,589	22,969
Income from operations	5,727	5,893	21,506	14,837
Interest expense	(2,653)	(3,907)	(8,977)	(7,533)
Loss on extinguishment of debt	—	—	—	(216)
Income before taxes	3,074	1,986	12,529	7,088
Income tax expense	100	554	2,532	1,471
Net income and comprehensive income	$2,974	$1,432	$9,997	$5,617

Earnings per share:
Basic	$0.14	$0.07	$0.49	$0.28
Diluted	$0.14	$0.07	$0.48	$0.27

Weighted average shares outstanding:
Basic	20,715,275	20,439,602	20,601,702	20,416,914
Diluted	21,123,494	20,622,864	20,893,316	20,644,915

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.