Mayville Engineering Q2 2024 Adj. EPS $0.26 Beats $0.19 Estimate, Sales $163.636M Beat $159.116M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mayville Engineering (NYSE:MEC) reported Q2 2024 adjusted EPS of $0.26, beating the estimate of $0.19 by 36.84%. Sales were $163.636M, surpassing the $159.116M estimate and marking a 17.74% increase from the same period last year.
August 06, 2024 | 9:18 pm
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Mayville Engineering (NYSE:MEC) reported strong Q2 2024 results with EPS of $0.26 beating estimates by 36.84% and sales of $163.636M surpassing estimates by 2.84%. Sales increased by 17.74% YoY.
The strong earnings and sales performance, significantly beating analyst estimates, is likely to positively impact MEC's stock price in the short term. The YoY sales growth further supports a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100