NYSE:MECMachinery
Mayville Engineering Company (MEC) Stock Faces Datacenter Push And Margin Drag
Mayville Engineering Company came into this earnings print as a beaten up small cap in metal fabrication, with the stock down about 26% over the past month. The immediate verdict was harsh. Shares dropped more than 8% after the Q2 release, even as revenue reached about US$163m and losses narrowed to roughly US$2.1m.
The market focused on the near term hit from project launch and outsourcing costs. The real story is that Mayville Engineering Company is leaning hard into Datacenter and Critical...