Mayville engineering company, inc. reports unaudited consolidated earnings results for the third quarter and nine months ended september 30, 2019; updates earnings guidance for 2019

Mayville engineering company, inc. reported unaudited consolidated earnings results for the third quarter and nine months ended september 30, 2019. for the quarter, net sales were $128,511,000 against $84,338,000 a year ago. income from operations was $13,246,000 against $5,688,000 a year ago. net income and comprehensive income was $9,746,000 against $4,824,000 a year ago. basic and diluted earnings per share were $0.49 against $0.36 a year ago.for nine months, net sales were $417,373,000 against $263,095,000 a year ago. income from operations was $2,655,000 against $20,584,000 a year ago. net loss and comprehensive loss was $3,079,000 against income of $17,344,000 a year ago. basic and diluted loss per share were $0.18 against earnings of $1.24 a year ago.based on the company’s recent performance, the overall economic climate, and industry trends, the company has updated its 2019 financial outlook as: net sales are expected to be between $515 million to $525 million.
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