Mayville Engineering Company, Inc. Reiterates Financial Guidance for the Full Year 2023 and Introduced Financial Guidance for the Full Year 2026
September 14, 2023 at 06:30 am EDT
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Mayville Engineering Company, Inc. reiterated financial guidance for the full year 2023 and introduced financial guidance for the full year 2026. For the year 2023, the company expects net sales to be in the range of $580 million to $610 million.
For the year 2026, the company expects net sales to be in the range of $750 million to $850 million.
Mayville Engineering Company, Inc. is a vertically integrated, value-added manufacturing partner providing a full suite of manufacturing solutions from concept to production, including design, prototyping and tooling, fabrication, aluminum extrusion, coating, assembly and aftermarket components. Its customers operate in diverse end markets, such as heavy-and medium-duty commercial vehicles, construction and access equipment, powersports, agriculture, military and other end markets. Its capabilities include metal fabrication, metal stamping, aluminum extrusion and fabrication, tube bending and forming, robotic part forming, robotic welding, resistance welding, five-axis tube and fiber laser cutting and custom coatings, including high heat and chemical agent resistant coating painting, are used in a variety of applications. It serves its customers through 23 strategically located United States facilities, across seven states, with over three million square feet of manufacturing capacity.