Mayville Engineering Company Announces Third Quarter 2026 Results

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“Our third quarter results were in line with our expectations and reflected strong demand as project volumes continued to accelerate within our Datacenter & Critical Power end market.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“Net sales increased 18.1% year-over-year, driven by continued growth in Datacenter & Critical Power and improving demand across our Commercial Vehicle and Construction & Access end markets.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“As volumes ramped, Adjusted EBITDA margin improved on a sequential basis through better capacity utilization, while we continued to absorb project launch costs consistent with our expectations.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“At the same time, operational efficiency across our footprint remained uneven during the quarter as our teams responded to rapidly evolving customer requirements and the pace and volume of incoming demand.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“We view these dynamics as a natural part of scaling the business through a period of accelerated growth, and our priority remains investing in the people, equipment and capacity required to capture what we believe is a historic, multi-year growth opportunity in the high-value Datacenter & Critical Power space.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“During the quarter, we secured approximately $45 million of new Datacenter & Critical Power project awards, and our qualified opportunity pipeline now exceeds $200 million.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“Importantly, this demand we are seeing today reflects datacenter infrastructure investments initiated approximately three years ago, as the products we manufacture are typically installed during the later stages of a project build.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“Based on our awarded programs and pipeline, we are anticipating reaching full capacity within the next 18 months and have started deploying capital towards expanding our footprint.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“On October 1, 2026 we closed on the acquisition of our Thomson, Georgia facility, which, together with planned equipment investment, is expected to add approximately $50 million of annual revenue capacity by 2028 and increase our total revenue capacity beyond the approximately $850 million previously disclosed.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“Looking ahead, I am excited about the opportunity in front of us and our ability to deliver profitable growth in 2027 and beyond.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“We will continue to incur launch costs and deploy capital in a disciplined manner as we position MEC to serve this growing customer base.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“While these investments and the ongoing alignment of our operations with customer timelines will remain a factor over the coming quarters, we expect to realize improved operating leverage as volumes continue to ramp.”

Jag Reddy, President and Chief Executive Officer of Mayville Engineering Company

“We believe these actions position MEC to deliver attractive, sustainable returns on invested capital as we capitalize on this multi-year secular growth opportunity.”