Mayville Engineering Q4 2025 slides: data center pivot masks margin pressure

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Iran conflict latest: Hegseth says Iran conflict has "only just begun" Wolfe warns S&P 500 may drop to as low as 6500 before staging another rally Gold prices recover after hefty drop; dollar slips lower Morgan Stanley explains why gold is falling despite Iran escalation (South Africa Philippines Nigeria) Mayville Engineering Q4 2025 slides: data center pivot masks margin pressure By Company News Published 03/04/2026, 11:15 AM Mayville Engineering Q4 2025 slides: data center pivot masks margin pressure 0 MEC -3.17% Introduction & Market Context Mayville Engineering Company (NYSE:MEC) presented its fourth quarter 2025 results on March 4, 2026, revealing a company in strategic transition as it pivots toward high-growth data center markets while grappling with significant weakness in legacy industrial segments. Despite reporting 10.7% year-over-year revenue growth to $134.3 million, the stock plummeted 13.93% in premarket trading to $18.17, reflecting investor concerns about compressed margins and near-term profitability challenges. The Wisconsin-based metal fabricator’s presentation highlighted the tension between strategic investments in emerging markets and the financial pressure from declining demand in core segments including commercial vehicles, agriculture, and powersports. Quarterly Performance Highlights As shown in the following summary of key fourth quarter metrics, Mayville’s topline growth was driven primarily by the Accu-Fab acquisition rather than organic expansion: The company’s Q4 2025 net sales of $134.3 million represented a 10.7% increase from the prior year period, but organic net sales actually declined 5.3% to $114.8 million. More concerning was the deterioration in profitability metrics, with adjusted EBITDA falling to $6.3 million from $9.2 million year-over-year, while the adjusted EBITDA margin compressed to 4.7% from 7.6%. The visual comparison of quarterly performance reveals the mag...