Brief: Mayville Engineering Company Sees FY 2020 Net Sales Of $425 Million To $465 Million

Mayville Engineering

29/01/2020 13:18

Mayville Engineering Company Inc  MEC.N :
    * SEES FY 2020 NET SALES OF $425 MILLION TO $465 MILLION
    * COMPANY ALSO CONFIRMS 2019 FINANCIAL OUTLOOK
    * MAYVILLE ENGINEERING COMPANY - EXPECT CONSTRUCTION AND
COMMERCIAL VEHICLE MARKETS WILL BE SIGNIFICANTLY LOWER IN 2020
BASED ON MARKET DEMAND DYNAMICS
    * MAYVILLE ENGINEERING COMPANY - NET SALES FOR BUSINESS
FOCUSED ON
COMMERCIAL VEHICLE MARKET EXPECTED TO BE DOWN ABOUT 25% - 35% IN
2020
    * NET SALES FOR PRODUCTS PRODUCED FOR CONSTRUCTION MARKET
ARE
EXPECTED TO FALL BY ABOUT 8% - 12% IN 2020
    * FY2019 REVENUE VIEW $517.9 MILLION -- REFINITIV IBES DATA
    * FY2020 REVENUE VIEW $495.4 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw5LGK2da 
Further company coverage:  MEC.N