Mayville Engineering Company, Inc. (MEC)

MEC Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	588.43	539.39	454.83	357.61	519.7
Revenue Growth (YoY)	9.09%	18.59%	27.19%	-31.19%	46.59%
Cost of Revenue	518.72	478.32	403.45	326.11	460.99
Gross Profit	69.7	61.07	51.38	31.5	58.72
Selling, General & Admin	30.18	24.69	20.41	19.04	25.47
Other Operating Expenses	19.33	10.6	38.36	18.96	35.21
Operating Expenses	49.51	35.3	58.77	38	60.68
Operating Income	20.19	25.77	-7.39	-6.5	-1.96
Interest Expense / Income	11.09	3.38	2	2.67	6.73
Other Expense / Income	0.22	-	-	-	0.16
Pretax Income	8.88	22.39	-9.39	-9.17	-8.84
Income Tax	1.04	3.67	-1.94	-2.07	-4.09
Net Income	7.84	18.73	-7.45	-7.09	-4.75
Net Income Growth	-58.11%	-	-	-	-
Shares Outstanding (Basic)	20	20	20	20	17
Shares Outstanding (Diluted)	21	21	21	20	17
Shares Change	0.08%	-0.71%	4.69%	14.05%	25.60%
EPS (Basic)	0.38	0.92	-0.37	-0.36	-0.27
EPS (Diluted)	0.38	0.91	-0.36	-0.36	-0.27
EPS Growth	-58.24%	-	-	-	-
Free Cash Flow	24.82	1.76	-19.5	30.75	7.68
Free Cash Flow Per Share	1.22	0.09	-0.96	1.54	0.44
Gross Margin	11.85%	11.32%	11.30%	8.81%	11.30%
Operating Margin	3.43%	4.78%	-1.63%	-1.82%	-0.38%
Profit Margin	1.33%	3.47%	-1.64%	-1.98%	-0.91%
Free Cash Flow Margin	4.22%	0.33%	-4.29%	8.60%	1.48%
Effective Tax Rate	11.70%	16.37%	-	-	-
EBITDA	58.9	59.34	24.39	25.59	30.89
EBITDA Margin	10.01%	11.00%	5.36%	7.16%	5.94%
Depreciation & Amortization	38.92	33.56	31.78	32.09	33
EBIT	19.98	25.77	-7.39	-6.5	-2.11
EBIT Margin	3.39%	4.78%	-1.63%	-1.82%	-0.41%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).