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Mayville Engineering Inc's Business Segments
Mayville Engineering Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
7
Largest Segment
Member
Total Revenue
$ 163
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Member0%
- Fabrication0%
- Performance structures53%
- Tubes22%
- Tank9.1%
- Outdoor sports2%
- Intersegment Elimination0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Member | $ 317 | - |
| Fabrication | $ 177 | - |
| Performance structures | $ 86 | 53% |
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Revenue by Product & Service Category - FY
- Fabrication56.3%
- Performance structures30.8%
- Tubes11.1%
- Tank4.6%
- Outdoor sports1.1%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Fabrication | $ 82 | 56.3% |
| Performance structures | $ 45 | 30.8% |
| Tubes | $ 16 | 11.1% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
2 more categories available
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Annual Results
Revenue Share by Reportable Segment - FY
- Member0%
- Fabrication0%
- Performance structures53%
- Tubes22%
- Tank9.1%
- Outdoor sports2%
- Intersegment Elimination0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Member | $ 317 | - |
| Fabrication | $ 177 | - |
| Performance structures | $ 86 | 53% |
4 more segments available
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Description of Mayville Engineering Inc
Mayville Engineering Company Inc. (MEC) is a leading manufacturer of metal components and assemblies for a wide range of industries. Founded in 1945, MEC has grown to become a trusted partner for its customers through its commitment to quality, innovation, and customer service.
MEC operates as a contract manufacturer, providing services such as metal fabrication, welding, tube bending, machining, and assembly. The company has a diverse customer base that includes both large Fortune 500 companies and small to mid-sized businesses. MEC's expertise in metalworking and its ability to provide comprehensive manufacturing solutions make it a preferred choice for many industries, including agriculture, construction, defense, energy, transportation, and more.
The company's headquarters is located in Mayville, Wisconsin, where it operates a state-of-the-art7 million square foot manufacturing facility. In addition to its main facility, MEC also has several strategically located plants throughout the United States. These facilities are equipped with advanced machinery and technology, allowing MEC to offer a wide range of capabilities and meet the varying needs of its customers.
MEC prides itself on its commitment to quality. The company is ISO 9001 certified, ensuring that its manufacturing processes meet the highest standards. MEC also employs a team of skilled engineers and technicians who are dedicated to ensuring the accuracy, precision, and reliability of its products. This commitment to quality has earned MEC the reputation of being a trusted and reliable supplier to its customers.
Innovation is at the core of MEC's business. The company invests heavily in research and development to stay at the forefront of technological advancements in the industry. MEC's team of engineers works closely with customers to understand their unique needs and develop customized solutions that optimize performance, efficiency, and cost-effectiveness. This collaborative approach to innovation has enabled MEC to develop a wide range of proprietary products and technologies.
Customer service is another area where MEC excels. The company takes a customer-centric approach, striving to build long-term partnerships with its clients. MEC's dedicated account management teams work closely with customers to ensure their satisfaction, from the initial design phase to the final delivery of the project. The company also offers value-added services such as logistics, inventory management, and aftermarket support to further enhance the customer experience.
MEC is also committed to sustainability and environmental responsibility. The company embraces green manufacturing practices and continuously works towards minimizing its environmental impact. MEC's facilities are equipped with energy-efficient systems, and the company actively seeks ways to reduce waste, conserve resources, and minimize emissions.
Overall, Mayville Engineering Company Inc. is a highly respected and trusted manufacturer in the metalworking industry. Its commitment to quality, innovation, customer service, and sustainability sets it apart from competitors and positions it as a preferred partner for companies seeking reliable and innovative manufacturing solutions.
MEC operates as a contract manufacturer, providing services such as metal fabrication, welding, tube bending, machining, and assembly. The company has a diverse customer base that includes both large Fortune 500 companies and small to mid-sized businesses. MEC's expertise in metalworking and its ability to provide comprehensive manufacturing solutions make it a preferred choice for many industries, including agriculture, construction, defense, energy, transportation, and more.
The company's headquarters is located in Mayville, Wisconsin, where it operates a state-of-the-art7 million square foot manufacturing facility. In addition to its main facility, MEC also has several strategically located plants throughout the United States. These facilities are equipped with advanced machinery and technology, allowing MEC to offer a wide range of capabilities and meet the varying needs of its customers.
MEC prides itself on its commitment to quality. The company is ISO 9001 certified, ensuring that its manufacturing processes meet the highest standards. MEC also employs a team of skilled engineers and technicians who are dedicated to ensuring the accuracy, precision, and reliability of its products. This commitment to quality has earned MEC the reputation of being a trusted and reliable supplier to its customers.
Innovation is at the core of MEC's business. The company invests heavily in research and development to stay at the forefront of technological advancements in the industry. MEC's team of engineers works closely with customers to understand their unique needs and develop customized solutions that optimize performance, efficiency, and cost-effectiveness. This collaborative approach to innovation has enabled MEC to develop a wide range of proprietary products and technologies.
Customer service is another area where MEC excels. The company takes a customer-centric approach, striving to build long-term partnerships with its clients. MEC's dedicated account management teams work closely with customers to ensure their satisfaction, from the initial design phase to the final delivery of the project. The company also offers value-added services such as logistics, inventory management, and aftermarket support to further enhance the customer experience.
MEC is also committed to sustainability and environmental responsibility. The company embraces green manufacturing practices and continuously works towards minimizing its environmental impact. MEC's facilities are equipped with energy-efficient systems, and the company actively seeks ways to reduce waste, conserve resources, and minimize emissions.
Overall, Mayville Engineering Company Inc. is a highly respected and trusted manufacturer in the metalworking industry. Its commitment to quality, innovation, customer service, and sustainability sets it apart from competitors and positions it as a preferred partner for companies seeking reliable and innovative manufacturing solutions.
Mayville Engineering Company, Inc. (MEC) is a well-established firm primarily engaged in the contract manufacturing sector, focusing on providing a diverse array of services and products tailored for various industries, including transportation, construction, military, and industrial markets. The company is recognized for its strong emphasis on innovation, customer service, and quality.
Segments
MEC operates across several key segments that serve various market needs:
1. Commercial and Industrial Markets: This segment encompasses a range of manufacturing services tailored for heavy equipment, agricultural machinery, and other commercial applications. The company crafts components that are seamlessly integrated into larger machinery used across multiple sectors.
2. Defense and Military: MEC is involved in the defense sector, providing manufacturing services that include precision fabrication and assembly of components for military vehicles and equipment. This segment is characterized by high standards, rigorous quality controls, and adherence to specific regulatory requirements suited for defense contracts.
3. Transportation: The transportation segment includes products and services focused on the commercial vehicle market. This may involve creating parts for trucks, trailers, and various transportation systems, with a focus on durability and performance under challenging conditions.
4. Power Generation: In the power generation segment, MEC provides engineering and manufacturing solutions related to the energy sector. This includes components for renewable energy systems, industrial generators, and equipment used in energy efficiency projects.
Products
MEC offers a wide variety of products that cater to the specific needs of its client base. These products include:
1. Metal Fabrication: The companys core strength lies in metal fabrication processes such as cutting, bending, and assembling components from various metals. This includes both large-scale and precision components suited for multiple applications.
2. Machining Services: MEC provides machining services that encompass turning, milling, and precision machining using advanced CNC machines. This ensures high accuracy and repeatability in the production of intricate components.
3. Welding and Assembly: MEC specializes in various welding techniques, including MIG, TIG, and robotic welding, enabling them to create strong, durable structures. The assembly services may involve complex systems that require meticulous attention to detail.
4. Finishing Services: To meet customer specifications, MEC offers surface finishing services, which may include painting, powder coating, plating, and other treatments designed to enhance durability and aesthetic appeal.
5. Custom Engineering Solutions: The company works closely with clients to develop tailored engineering solutions, providing design assistance, prototyping, and end-to-end product development services to meet unique specifications.
Services
In addition to its manufacturing capabilities, MEC offers a comprehensive portfolio of services, including:
1. Design and Engineering Support: The company provides valuable engineering support during the design phase, enabling clients to optimize their products for manufacturability and performance.
2. Supply Chain Management: MEC has established robust supply chain management practices that help streamline production processes and minimize lead times, ensuring efficient delivery to clients.
3. Field Services: The company may also offer field services that include installation, maintenance support, and repair services for the products they manufacture, extending their value proposition to customers.
4. Quality Assurance: An integral part of MEC’s operations, quality assurance involves rigorous testing and inspection processes to ensure that products meet the high standards expected by clients, particularly in the defense and transportation sectors.
5. Logistics and Distribution: MEC also manages logistics and distribution operations, ensuring that finished products are delivered timely and safely to their intended destinations.
Conclusion
Mayville Engineering Company, Inc. presents a strong value proposition through its versatile range of segments, products, and services. Its commitment to meeting the diverse needs of various industries, combined with a focus on quality and innovation, positions it as a significant player in the contract manufacturing landscape. The company continues to adapt to evolving market demands, utilizing advanced technologies and processes to deliver high-quality solutions to its clients.
Segments
MEC operates across several key segments that serve various market needs:
1. Commercial and Industrial Markets: This segment encompasses a range of manufacturing services tailored for heavy equipment, agricultural machinery, and other commercial applications. The company crafts components that are seamlessly integrated into larger machinery used across multiple sectors.
2. Defense and Military: MEC is involved in the defense sector, providing manufacturing services that include precision fabrication and assembly of components for military vehicles and equipment. This segment is characterized by high standards, rigorous quality controls, and adherence to specific regulatory requirements suited for defense contracts.
3. Transportation: The transportation segment includes products and services focused on the commercial vehicle market. This may involve creating parts for trucks, trailers, and various transportation systems, with a focus on durability and performance under challenging conditions.
4. Power Generation: In the power generation segment, MEC provides engineering and manufacturing solutions related to the energy sector. This includes components for renewable energy systems, industrial generators, and equipment used in energy efficiency projects.
Products
MEC offers a wide variety of products that cater to the specific needs of its client base. These products include:
1. Metal Fabrication: The companys core strength lies in metal fabrication processes such as cutting, bending, and assembling components from various metals. This includes both large-scale and precision components suited for multiple applications.
2. Machining Services: MEC provides machining services that encompass turning, milling, and precision machining using advanced CNC machines. This ensures high accuracy and repeatability in the production of intricate components.
3. Welding and Assembly: MEC specializes in various welding techniques, including MIG, TIG, and robotic welding, enabling them to create strong, durable structures. The assembly services may involve complex systems that require meticulous attention to detail.
4. Finishing Services: To meet customer specifications, MEC offers surface finishing services, which may include painting, powder coating, plating, and other treatments designed to enhance durability and aesthetic appeal.
5. Custom Engineering Solutions: The company works closely with clients to develop tailored engineering solutions, providing design assistance, prototyping, and end-to-end product development services to meet unique specifications.
Services
In addition to its manufacturing capabilities, MEC offers a comprehensive portfolio of services, including:
1. Design and Engineering Support: The company provides valuable engineering support during the design phase, enabling clients to optimize their products for manufacturability and performance.
2. Supply Chain Management: MEC has established robust supply chain management practices that help streamline production processes and minimize lead times, ensuring efficient delivery to clients.
3. Field Services: The company may also offer field services that include installation, maintenance support, and repair services for the products they manufacture, extending their value proposition to customers.
4. Quality Assurance: An integral part of MEC’s operations, quality assurance involves rigorous testing and inspection processes to ensure that products meet the high standards expected by clients, particularly in the defense and transportation sectors.
5. Logistics and Distribution: MEC also manages logistics and distribution operations, ensuring that finished products are delivered timely and safely to their intended destinations.
Conclusion
Mayville Engineering Company, Inc. presents a strong value proposition through its versatile range of segments, products, and services. Its commitment to meeting the diverse needs of various industries, combined with a focus on quality and innovation, positions it as a significant player in the contract manufacturing landscape. The company continues to adapt to evolving market demands, utilizing advanced technologies and processes to deliver high-quality solutions to its clients.