Mayville Engineering Q3 revenue beats estimates helped by Accu-Fab acquisition

Mayville Engineering

04/11/2025 21:56

Overview

Mayville Engineering Q3 revenue grows 6.6% yr/yr, beating analyst expectations

Company reports GAAP net loss of $2.7 mln

Adjusted EBITDA for Q3 beats analyst estimates, showing operational resilience

Outlook

Company reiterates full-year 2025 financial guidance

Company expects 2026 revenue synergies from Accu-Fab acquisition of $20 to $30 mln

Result Drivers

ACCU-FAB ACQUISITION - Acquisition contributed significantly to sales growth, offsetting declines in legacy markets

DATA CENTER GROWTH - Significant growth in Data Center & Critical Power market driven by Accu-Fab acquisition and customer demand

LEGACY MARKET WEAKNESS - Soft demand in Commercial Vehicle and Agriculture markets impacted overall performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$144.30 mln
$140.17 mln (5 Analysts)
Q3 EPS
-$0.13
Q3 Net Income
-$2.70 mln
Q3 Adjusted EBITDA
Beat
$14.10 mln
$13.69 mln (5 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

Wall Street's median 12-month price target for Mayville Engineering Company Inc is $18.50, about 4.5% above its November 3 closing price of $17.66

The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nBwbzFxM6a

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)