MAYVILLE ENGINEERING CO. Aktie

Mayville Engineering reported Q2 revenue up 23.2% year over year to $163 million, with organic growth of 9.2%. Data center and critical power organic revenue grew about 173%, leaving a qualified pipeline of more than $125 million and roughly $40 million in new awards. The company raised its 2026 sales guidance to $620 million–$650 million, kept adjusted EBITDA guidance at $52 million–$60 million, and lowered free-cash-flow guidance to $7 million–$15 million due to launch, outsourcing and capacity-expansion costs and planned incremental capex. Mayville completed a $94 million stock offering to reduce debt and exited the quarter with over $100 million of available liquidity while planning further investment and potential new manufacturing capacity. » Mere på finance.yahoo.com

Mayville Engineering saw its share price climb more than 54% over four weeks, leading the metal fabrication sector. The company reports increasing revenues in the data center and critical power businesses. At the same time, Mayville completed a share issuance that raised $100 million but diluted existing shareholders. » Mere på finanzen.net

Mayville Engineering completed a firm public placement of 5 million common shares at $20.00 per share, raising about $100 million gross, including 652,000 additional shares from the overallotment option. The offering was led by William Blair & Company and Craig-Hallum Capital Group; net proceeds are to be used to reduce borrowings under the revolving credit facility, to finance investments and to boost working capital. The stock trades at $23.13 (+55% year-to-date); total debt stands at $244 million, the revolving credit facility carries a rate of 6.42% and matures on June 28, 2028. » Mere på de.investing.com