Mayville Engineering shared its Q3 results, showing sales up 18.1% to $170.4 million.

MEC · Mayville Engineering

The AI's read

The bigger change is the shift toward data center work. Sales in that area climbed, and the company won new projects. Its list of possible projects tops $200 million, and the Georgia site could support more sales later. Against that, startup and extra labor costs hurt operations. Agriculture and powersports demand also remains weak. Management expects the costs to ease as new equipment arrives by early 2027, so the growth opportunity outweighs those pressures.