Mayville Engineering (NYSE:MEC) reported its Q1 earnings results on Tuesday, May 3, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
Earnings
Mayville Engineering beat estimated earnings by 15.38%, reporting an EPS of $0.15 versus an estimate of $0.13.
Revenue was up $23.63 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.15 which was followed by a 1.32% drop in the share price the next day.
Here's a look at Mayville Engineering's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | -0.01 | 0.13 | 0.19 | 0.10 |
| EPS Actual | 0.14 | 0.01 | 0.16 | 0.12 |
| Revenue Estimate | 110.18M | 119.54M | 122.10M | 107.21M |
| Revenue Actual | 112.97M | 109.02M | 120.21M | 112.62M |
To track all earnings releases for Mayville Engineering visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
