Mayville Engineering Company, Inc. (MEC) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, and thank you for joining the Mayville Engineering Company second quarter 2025 earnings call. My name is Sammy and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two on your telephone keypad to remove yourself from the question queue. I'll now hand over to your host, Stefan Neely with Valum Advisors to begin. Please go ahead, Stefan. Thank you, Operator. On behalf of our entire team, I'd like to welcome you to our second quarter 2025 results conference call. Leading the call today is MEXT President and CEO, Jack Reddy, and Rachelle Lair, Chief Financial Officer. Today's discussion contains forward looking statements about future business and financial expectations. Actual results may differ significantly from those projected in today's forward looking statements due to various risks and uncertainties, including the risks described in our periodic reports filed with the Securities and Exchange Commission. Except as required by law, we undertake no obligation to update our forward looking statements. Further, this call will include the discussion of certain non-GAAP financial measures. Reconciliation of these measures to the closest GAAP financial measure is included in our quarterly earnings press release, which is available at MEXT Inc. dot com. Following our prepared remarks, we will open the line for questions. With that, I would like to turn the call over to Jack. Thank you, Stepham, and good morning, everyone. During the second quarter, we remain focused on executing our MBX value creation framework, notably our adjusted EBITDA margin expanded by 130 basis points sequentially, despite a 2% de...