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MEC (Mayville Engineering)

OverviewSuggest Edit

MEC (Mayville Engineering) operates as a contract manufacturer that serves the heavy and medium duty commercial vehicle, construction, powersports, agriculture, military, and other end markets. The company provides a range of prototyping and tooling, production fabrication, coating, assembly and aftermarket components. It also supplies engineered components to original equipment manufacturers; and manufactures stamped and fabricated metal products. 

TypePublic
Founded1945
HQMayville, WI, USMap
Websitemecinc.com
Employee Ratings2.5More
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Latest Updates

Employees (est.) (Dec 2019)2,600(-16%)
Revenue (FY, 2019)$519.7 M(+47%)
Share Price (Jan 2021)$13.1
Cybersecurity ratingBMore

Key People/Management at MEC (Mayville Engineering)

Robert D. Kamphuis

Robert D. Kamphuis

Chairman, President and Chief Executive Officer
Todd M. Butz

Todd M. Butz

Chief Financial Officer
Rand P. Stille

Rand P. Stille

Chief Operating Officer
Ryan F. Raber

Ryan F. Raber

Executive Vice President–strategy, Sales & Marketing
Eric J. Welak

Eric J. Welak

Executive Vice President–fabrication
Allen J. Carlson

Allen J. Carlson

Director
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MEC (Mayville Engineering) Office Locations

MEC (Mayville Engineering) has offices in Mayville, Atkins, Beaver Dam, Bedford and in 10 other locations
Mayville, WI, US (HQ)
715 South St
Atkins, VA, US
249 Mulberry Ln
Beaver Dam, WI, US
120 Industrial Dr
Beaver Dam, WI, US
210 Corporate Dr
Bedford, PA, US
550 Sunnyside Rd #101
Byron Center, MI, US
990 84th St SW #544Byron
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MEC (Mayville Engineering) Financials and Metrics

MEC (Mayville Engineering) Revenue

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MEC (Mayville Engineering)'s revenue was reported to be $519.70 m in FY, 2019
USD

Revenue (Q3, 2020)

91.1m

Gross profit (Q3, 2020)

9.7m

Gross profit margin (Q3, 2020), %

10.7%

Net income (Q3, 2020)

(1.1m)

EBIT (Q3, 2020)

280.0k

Market capitalization (15-Jan-2021)

263.8m

Closing stock price (15-Jan-2021)

13.1

Cash (30-Sept-2020)

110.0k

EV

326.5m
MEC (Mayville Engineering)'s current market capitalization is $263.8 m.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

313.3m354.5m519.7m

Revenue growth, %

13%

Cost of goods sold

278.6m303.9m461.0m

Gross profit

34.7m50.6m58.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

143.7m145.1m128.5m108.6m62.6m91.1m

Cost of goods sold

124.2m124.6m113.9m96.8m63.7m81.3m

Gross profit

19.6m20.5m14.6m11.8m(1.2m)9.7m

Gross profit Margin, %

14%14%11%11%(2%)11%
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Annual
USDFY, 2017FY, 2018FY, 2019

Cash

76.0k3.1m1.0k

Accounts Receivable

26.4m52.3m40.2m

Prepaid Expenses

830.0k1.6m3.0m

Inventories

35.4m53.4m45.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

28.0k1.0k1.0k13.0m120.0k110.0k

Accounts Receivable

62.6m49.4m39.6m48.7m

Prepaid Expenses

3.3m2.4m3.3m2.7m

Inventories

53.5m50.6m50.7m45.8m40.3m38.0m
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Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

5.2m17.9m(4.8m)

Depreciation and Amortization

20.7m50.5m33.0m

Inventories

(2.5m)(6.9m)8.9m

Accounts Payable

2.1m834.0k(11.0m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

2.5m(12.8m)(3.1m)50.0k(7.0m)(8.1m)

Depreciation and Amortization

7.7m16.4m24.7m8.3m16.4m24.3m

Inventories

(470.0k)2.3m3.7m(844.0k)3.9m7.4m

Accounts Payable

5.9m4.4m(1.2m)1.5m(14.4m)(4.0m)
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USDFY, 2017

Financial Leverage

2.3 x
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MEC (Mayville Engineering) Operating Metrics

FY, 2018

Manufacturing Facilities

20

Product Platforms

60
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MEC (Mayville Engineering) Acquisitions / Subsidiaries

Company NameDateDeal Size
Center Manufacturing
Center Manufacturing Holdings
Center – Moeller Products LLC
Defiance Metal Products Co.
Defiance Metal Products of Arkansas
Defiance Metal Products of PA.
Defiance Metal Products of WI

MEC (Mayville Engineering) Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

Learn more about our premium products
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MEC (Mayville Engineering) Online and Social Media Presence

MEC (Mayville Engineering)'s Trends

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MEC (Mayville Engineering) News and Updates

November 19, 2018

Global Digital Impression Systems Market Key Players, Industry & Opportunity Forecast 2018-2023 Key Players Profile like OxyHealth, Hear MEC, Healing Dives, Weifang Zhongshitaida

Digital Impression Systems Market statistical examining report about the new Advances and Prospects in Digital Impression Systems Market, which serves current and Digital Impression Systems future specialized and financial points of interest of the Digital Impression Systems business to 2023. The ob…
September 20, 2018

Huawei MEC Solution Wins "The Best Edge Computing Technology for 5G Evolution" Award

This award recognizes achievement of the Huawei MEC solution in 5G architecture innovation, deployment practices, and application exploration.read more
August 14, 2018

SEAMEC standalone net profit rises 1914.00% in the June 2018 quarter

Sales rise 14.29% to Rs 61.66 crore
August 07, 2018

Millennial Esports Grants 5,000,000 stock options to Stephen Shoemaker

Shoemaker was appointed CEO and President on August 1
August 01, 2018

Millennial Esports Appoints Stephen Shoemaker CEO and President and Alex Igelman Executive Chairman

Former Head of Global Finance replaces departing President Bob Reif and newly appointed Executive Chairman, Alex Igelman Former Head of Global Finance replaces departing President Bob Reif and newly appointed Executive Chairman, Alex Igelman
July 30, 2018

Mobile Edge Computing Market Growing at CAGR of +50% by 2025; Major Factors, Investment, Market Overview, Future Impact, Technologies, Industry Insights.

Qyreports added Most up-to-date research on “Global Mobile Edge Computing Market – Detailed Analysis Of The Present Market Along With Future Outlook, 2025” to its huge collection of research reports Posted via Industry Today. Follow us on Twitter @IndustryToday
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 MEC (Mayville Engineering) Frequently Asked Questions

  • When was MEC (Mayville Engineering) founded?

    MEC (Mayville Engineering) was founded in 1945.

  • Who are MEC (Mayville Engineering) key executives?

    MEC (Mayville Engineering)'s key executives are Robert D. Kamphuis, Todd M. Butz and Rand P. Stille.

  • How many employees does MEC (Mayville Engineering) have?

    MEC (Mayville Engineering) has 2,600 employees.

  • What is MEC (Mayville Engineering) revenue?

    Latest MEC (Mayville Engineering) annual revenue is $519.7 m.

  • What is MEC (Mayville Engineering) revenue per employee?

    Latest MEC (Mayville Engineering) revenue per employee is $199.9 k.

  • Who are MEC (Mayville Engineering) competitors?

    Competitors of MEC (Mayville Engineering) include Metalcraft of Mayville, Aloma Shim and Manufacturing and Meyer Tool.

  • Where is MEC (Mayville Engineering) headquarters?

    MEC (Mayville Engineering) headquarters is located at 715 South St, Mayville.

  • Where are MEC (Mayville Engineering) offices?

    MEC (Mayville Engineering) has offices in Mayville, Atkins, Beaver Dam, Bedford and in 10 other locations.

  • How many offices does MEC (Mayville Engineering) have?

    MEC (Mayville Engineering) has 19 offices.