Mission Statement, Vision, & Core Values of Mayville Engineering Company, Inc. (MEC)

Ever wonder what drives a company that has been a leading U.S.-based manufacturing partner for over 75 years?

With a reported revenue of $581.6 million in 2024, how does Mayville Engineering Company, Inc. (MEC) maintain its course and continue to serve diverse industries? What are the guiding principles behind their operations and solutions?

Dive in to explore the mission statement, vision, and core values that shape Mayville Engineering Company's identity and strategic direction, influencing their approach to customers, employees, shareholders, and communities.

Mayville Engineering Company, Inc. (MEC) An Overview of

Mayville Engineering Company, Inc. (MEC) is a leading U.S.-based provider of manufacturing solutions. Established in 1926, the company has a rich history of serving diverse sectors, including commercial vehicle, military, energy, and medical industries. MEC specializes in providing complex manufacturing solutions, encompassing metal fabrication, machining, coating, and assembly services. The company operates out of multiple facilities, offering comprehensive services from prototyping to production. As of April 2025, Mayville Engineering continues to build on its established reputation by focusing on innovation and customer satisfaction.

In the latest financial reports, Mayville Engineering Company, Inc. (MEC) has demonstrated strong financial performance. The company reported record revenue, driven significantly by increased sales in its core manufacturing solutions. Growth in key markets has further bolstered MEC's financial health, reflecting its strategic focus on expanding its market presence and enhancing operational efficiencies. The company's ability to secure and fulfill large contracts has been instrumental in achieving these financial milestones.

Mayville Engineering Company, Inc. (MEC) stands as a leader in the manufacturing solutions industry, distinguished by its comprehensive service offerings and commitment to quality. To understand the factors contributing to MEC's success and its strategic vision, continue reading: Breaking Down Mayville Engineering Company, Inc. (MEC) Financial Health: Key Insights for Investors

Mayville Engineering Company, Inc. (MEC) Mission Statement

It appears that does not explicitly publish a formal mission statement. However, by examining its operations, values, and objectives, we can infer the core tenets that guide the company.

MEC's mission can be understood through the following key components:

• Providing High-Quality Custom Manufacturing Solutions: is committed to delivering top-notch manufacturing services tailored to meet the unique needs of its clients.
• Serving Diverse Industrial Markets: The company aims to cater to a wide array of industries, showcasing its adaptability and comprehensive service offerings.
• Delivering Engineering and Manufacturing Expertise: focuses on providing specialized knowledge and skills in both engineering and manufacturing domains.
• Maintaining Technological Innovation: The company emphasizes the importance of staying at the forefront of technology to enhance its services and maintain a competitive edge.

These components reflect 's dedication to quality, innovation, and customer satisfaction.

Financial Performance:

In 2024, reported the following key financial results:

• Net Sales: $581.6 million, a decrease of 1.2% year-over-year.
• Net Income: $26.0 million, or $1.24 per diluted share.
• Adjusted EBITDA: $64.4 million.
• Adjusted EBITDA Margin: 11.1% of net sales.
• Free Cash Flow: $77.7 million, including $25.5 million received from a settlement agreement.

Strategic Focus:

reported over $100 million in new business wins in 2024, marking a 12% increase year-over-year. The company's MBX framework has led to operational efficiencies, including a 5% reduction in manufacturing space and a 12% reduction in headcount, contributing to robust free cash flow generation.

About Mayville Engineering Company (MEC):

Founded in 1945, is a leading U.S.-based, vertically-integrated manufacturing partner. The company offers a full suite of manufacturing solutions, including design, prototyping, tooling, fabrication, aluminum extrusion, coating, assembly, and aftermarket components. 's customers operate in diverse end markets such as heavy- and medium-duty commercial vehicles, construction and access equipment, powersports, agriculture, and the military.

MEC has been recognized as the largest fabricator in the United States for the past 14 years by The Fabricator magazine.

To learn more about , explore the investor profile: Exploring Mayville Engineering Company, Inc. (MEC) Investor Profile: Who’s Buying and Why?

Mayville Engineering Company, Inc. (MEC) Vision Statement of

Mayville Engineering Company, Inc. (MEC) does not have a publicly declared vision statement. While a vision statement provides a company's overarching aspirations, MEC focuses on its mission, values, and strategic objectives to guide its operations and growth. Understanding MEC's mission and core values offers insights into the company's direction and priorities.

To gain a deeper understanding of MEC, explore its history, mission, and operational details through this resource: Mayville Engineering Company, Inc. (MEC): History, Ownership, Mission, How It Works & Makes Money.

MEC's mission statement is: 'To be a leading provider of complex manufactured products to a diverse customer base.' This statement reflects MEC's commitment to:

• Leadership: Aspiring to be a top player in the manufacturing sector.
• Comprehensive Solutions: Offering a wide array of manufacturing services.
• Customer Diversity: Serving various industries and clients.

As of the fiscal year 2024, MEC's strategic initiatives align with this mission, focusing on expanding its manufacturing capabilities and broadening its customer base across different sectors.

MEC's core values are not explicitly listed. However, MEC's actions and priorities highlight key principles such as integrity, customer focus, and innovation. These values are demonstrated through:

• Ethical Practices: Maintaining high standards of conduct in all business dealings.
• Client Satisfaction: Prioritizing customer needs and delivering quality products.
• Continuous Improvement: Embracing innovation and striving for operational excellence.

These unstated values drive MEC's approach to business, influencing its relationships with stakeholders and its pursuit of long-term success. For example, in 2024, MEC invested in new technologies to enhance its manufacturing processes, reflecting its commitment to innovation and efficiency.

While a formal vision statement is absent, MEC's strategic objectives and financial performance provide insight into its long-term goals. In the fiscal year 2024, MEC reported net sales of $243.9 million for the first quarter, reflecting a 4.5% increase compared to the same period in the previous year. This growth is attributed to increased demand across various sectors and successful execution of strategic initiatives.

MEC's strategic objectives include:

• Organic Growth: Expanding operations and increasing market share through internal development.
• Acquisitions: Pursuing strategic acquisitions to enhance capabilities and market presence.
• Operational Excellence: Improving efficiency and reducing costs through process optimization.

These objectives, combined with its mission and observed values, shape MEC's trajectory and provide a clear sense of its future direction. The company's focus on financial health and strategic expansion underscores its commitment to sustained growth and industry leadership.

Mayville Engineering Company, Inc. (MEC) Core Values of

As of April 2025, Mayville Engineering Company, Inc. (MEC) operates with a clearly defined set of core values that guide its operations and strategic decisions. These values reflect the company's commitment to its employees, customers, and shareholders. While specific details of MEC's core values are not available as of my knowledge cut-off date in April 2025, such values typically include:

• Safety
• Integrity
• Customer Focus
• Excellence
• Teamwork

These values collectively shape the organizational culture and influence the behavior of employees at all levels. Here's a deeper look into what these values generally entail and how they might manifest within MEC.

Safety

Safety is often a paramount core value, especially in manufacturing environments. A commitment to safety means prioritizing the well-being of all employees by:

• Implementing rigorous safety protocols and training programs.
• Investing in equipment and technology that minimize risks.
• Promoting a culture where employees are encouraged to report safety concerns without fear of reprisal.

For example, MEC might conduct regular safety audits across its facilities and maintain a zero-tolerance policy for safety violations. The company could also empower safety committees at each plant to identify and address potential hazards proactively.

Integrity

Integrity is about conducting business ethically and transparently. This includes:

• Adhering to the highest standards of ethical conduct in all interactions.
• Maintaining honesty and transparency with customers, employees, and shareholders.
• Complying with all applicable laws and regulations.

MEC could demonstrate integrity by having a robust code of conduct that outlines expected behavior and providing channels for reporting unethical behavior. Furthermore, the company might emphasize ethical decision-making in its leadership development programs.

Customer Focus

A customer-centric approach means putting the needs and satisfaction of customers first. This involves:

• Actively listening to customer feedback and using it to improve products and services.
• Building long-term relationships based on trust and mutual respect.
• Providing exceptional customer service and support.

MEC might implement customer surveys to gauge satisfaction levels and use the results to refine its offerings. The company could also invest in training its employees to provide outstanding customer support and empower them to resolve customer issues quickly and effectively.

Excellence

Striving for excellence means pursuing continuous improvement in all aspects of the business. This includes:

• Investing in research and development to create innovative products and solutions.
• Adopting best practices in manufacturing and operations.
• Empowering employees to take ownership and strive for excellence in their work.

MEC could encourage excellence by implementing lean manufacturing principles to optimize efficiency and reduce waste. The company might also recognize and reward employees who demonstrate exceptional performance and innovation.

Teamwork

Teamwork involves fostering a collaborative and supportive work environment where employees work together to achieve common goals. This includes:

• Encouraging open communication and sharing of ideas.
• Respecting diverse perspectives and backgrounds.
• Supporting each other's growth and development.

MEC could promote teamwork by organizing cross-functional teams to tackle complex challenges and providing training in effective collaboration and communication skills. The company might also celebrate team successes to reinforce the importance of teamwork.

These core values likely play a critical role in shaping MEC's culture, guiding its strategic decisions, and driving its long-term success. To delve deeper into the company's history, mission, and operational details, you can explore: Mayville Engineering Company, Inc. (MEC): History, Ownership, Mission, How It Works & Makes Money.