MEC Q2 net loss widens to $2.1 million; net sales rise 23.2% year over year to $163 million
MEC•Full-year guidance
Full-year 2026 guidance was raised to $620 million-$650 million in net sales; adjusted EBITDA is forecast at $52 million-$60 million, and free cash flow at $7 million-$15 million.
Second-quarter results
MEC posted Q2 2026 net sales of $163 million, up 23.2% from a year earlier; organic net sales rose 9.2%.
Net loss widened to $2.1 million, or $0.09 per diluted share; manufacturing margin improved 0.6 percentage points to 10.9%.
Non-GAAP adjusted EBITDA slipped to $13.2 million, cutting margin by 2.2 percentage points to 8.1%; quarterly free cash flow turned negative at $6.6 million.
Datacenter and project pipeline
Datacenter & Critical Power net sales climbed to $29 million, up ; the company secured of project awards, with a qualified pipeline above .
