{"id":25,"date":"2023-03-01T21:24:00","date_gmt":"2023-03-01T21:24:00","guid":{"rendered":"https:\/\/meccorp.wpengine.com\/?p=25"},"modified":"2023-04-10T21:26:25","modified_gmt":"2023-04-10T21:26:25","slug":"mayville-engineering-company-announces-fourth-quarter-and-full-year-2022-results","status":"publish","type":"post","link":"https:\/\/www.mecinc.com\/news\/mayville-engineering-company-announces-fourth-quarter-and-full-year-2022-results\/","title":{"rendered":"Mayville Engineering Company Announces Fourth Quarter and Full-Year 2022 Results"},"content":{"rendered":"\n<p>&#8220;Our strong fourth quarter results demonstrate continued, favorable demand conditions across our diverse end-market portfolio, together with focused execution on our multi-year business transformation initiatives,&#8221; stated Jag Reddy, President and Chief Executive Officer. &#8220;With the recent implementation of our MBX initiative, we&#8217;ve identified multiple opportunities for margin expansion and profitable growth, with an emphasis on operational and productivity improvements, together with targeted commercial expansion in both existing and adjacent markets.&#8221;&nbsp;<\/p>\n\n\n\n<p>&#8220;As a vertically integrated, tier-one supplier of scale, MEC is uniquely equipped to deliver a one-stop solution that combines design, prototyping, and fabrication expertise across the entire product lifecycle,&#8221; continued Reddy. &#8220;We continued to capitalize on our market-leading position during the fourth quarter, delivering significant year-over-year growth in net sales, Adjusted EBITDA and net income. Overall, we continued to see demand strength across our commercial vehicle, construction &amp; access, agriculture and military end-markets, which partially offset softness in powersports and other categories.&#8221;<\/p>\n\n\n\n<p>Click&nbsp;<a href=\"https:\/\/ir.mecinc.com\/news\/news-details\/2023\/Mayville-Engineering-Company-Announces-Fourth-Quarter-and-Full-Year-2022-Results\/default.aspx?fbclid=IwAR0tVak5y3S0FreXA8ldWRlAkCgnN4bHnJInMvaelBmrehZ5FCPge8xOb5k\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>&nbsp;to see more highlights from our fourth quarter and full-year 2022 results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Our strong fourth quarter results demonstrate continued, favorable demand conditions across our diverse end-market portfolio, together with focused execution on our multi-year business transformation initiatives,&#8221; stated Jag Reddy, President and Chief Executive Officer. &#8220;With the recent implementation of our MBX initiative, we&#8217;ve identified multiple opportunities for margin expansion and profitable growth, with an emphasis on [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":26,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-25","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mayville Engineering Company Announces Fourth Quarter and Full-Year 2022 Results - MEC Inc.<\/title>\n<meta name=\"description\" content=\"Check out this post from the MEC News: Mayville Engineering Company Announces Fourth Quarter and Full-Year 2022 Results. 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