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Mayville Engineering Q2 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
The company raised its full-year sales outlook while maintaining its adjusted EBITDA forecast and lowering its free-cash-flow guidance to reflect planned growth investments.
The outlook includes $1 million to $1.5 million of launch costs and another $1 million to $1.5 million of outsourcing costs.
For the full year, the company increased its sales outlook to $620 million to $650 million.
It maintained adjusted EBITDA guidance of $52 million to $60 million and lowered free-cash-flow guidance to $7 million to $15 million.
About Mayville Engineering (NYSE:MEC)Mayville Engineering Company, Inc (NYSE:MEC) is a U.S.-based industrial manufacturer specializing in engineered metal castings and precision machining services.