Mayville Engineering Company, Inc. (NYSE:MEC) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET

Company Participants

Nathan Elwell - Investor Relations

Bob Kamphuis - Chairman, President and Chief Executive Officer

Todd Butz - Chief Financial Officer

Ryan Raber - EVP of Strategy, Sales and Marketing

Conference Call Participants

Joe Grabowski - Baird

Larry De Maria - William Blair

Operator

Good morning. Thank you for attending today's Mayville Engineering Company First Quarter Earnings Call. My name is Foran, and I will be your moderator for today's call [Operator Instructions].

It is now my pleasure to pass the conference over to our host, Nathan Elwell with Investor Relations. Mr. Elwell, please proceed.

Nathan Elwell

Thank you. Welcome, everyone, and thank you for joining us on today's call. A few quick items before we begin. First, please note that some of the information that you will hear during this call will consist of forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended. Such statements express our expectations, anticipations, beliefs, estimates, intentions, plans and forecasts. Because these forward-looking statements involve risks, assumptions and uncertainties, our actual results could differ materially from those in the forward-looking statements. For more information regarding such risks and uncertainties, please see our filings with the Securities and Exchange Commission, including our full filing on Form 10-K for the period ended December 31, 2021.

We assume no obligation and do not intend to update any such forward-looking statements, except as required by federal securities laws. Second, this call will involve a discussion of certain non-GAAP financial measures. Reconciliation of these measures to the closest GAAP financial measure is included in the earnings press release, which is available at mecinc.com. Joining me on the call today are Bob Kamphuis, Chairman, President and Chief Executive Officer; Todd Butz, Chief Financial Officer; and Ryan Raber, EVP of Strategy, Sales and Marketing. First, Bob will provide an overview of our performance, then Todd will review our financial results and guidance.

With that, I'll hand the call over to Bob. Please go ahead.

Bob Kamphuis

Thank you, Nathan. Good morning, everyone. Before we begin discussing our results, I want to touch on the retirement announcement we made at the end of March. After more than 16 years leading the company, I decided to retire from MEC on September 30 of this year. The timing of the announcement allows a full 6 months for the Board to complete the search, with the able assistance of Heidrick & Struggles, and ensure a smooth transition. Having successfully navigated the pandemic, today, MEC is in a strong financial position with a positive outlook and numerous growth opportunities in its future. I believe it is the right time for me to step aside and let a new leader to take the reins. Over the past 16 years, we produced tremendous growth and have been recognized as the largest fabricator in the United States by the Fabricator magazine for the past 11 years in a row. More importantly, I've been fortunate to work with and put together an outstanding and dedicated team. I'm confident in the future of the company, and I look forward to ensuring a successful transition in the coming quarters. And as a meaningful shareholder myself, I look forward to watching the company's continued success for many years to come.