Mayville Engineering Company, Inc. (NYSE:MEC) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET
Company Participants
Stefan Neely - IR
Jagadeesh Reddy - President, CEO & Director
Todd Butz - CFO, Secretary & Treasurer
Conference Call Participants
Vladimir Bystricky - Citigroup
Mircea Dobre - Robert W. Baird & Co.
Edward Jackson - Northland Capital Markets
Timothy Moore - EF Hutton
Larry De Maria - William Blair & Company
Operator
Thank you all for joining. I'd like to welcome you all to the Mayville Engineering Company Third Quarter 2023 Earnings Call. My name is Brica, and I will be the moderator for today's call. [Operator Instructions]. I would now like to pass the conference over to your host, Stefan Neely, to begin. Sir Stefan, please go ahead.
Stefan Neely
Thank you, operator. On behalf of our entire team, I'd like to welcome you to our third quarter 2023 results conference call. Leading the call today is MEC's President and CEO, Jag Reddy; and Todd Butz, 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 mecinc.com. Following our prepared remarks, we will open the line for questions.
With that, I would like to turn the call over to Jag.
Jagadeesh Reddy
Thank you, Stefan, and welcome to those joining us call and webcast. As anticipated, our third quarter results demonstrated significant year-over-year growth in revenues, adjusted EBITDA and the free cash flow. These strong results were the product of continued steady end market demand and targeted market share gains, particularly in our commercial vehicle, military and power sports markets.
Early in the third quarter, we closed on the acquisition of Mid-States Aluminum or MSA, which was also a contributor to our revenue and earnings growth in the third quarter. In addition to the cross-selling opportunities afforded by MSA's aluminum fabrication and extrusion capabilities, our core business continues to enjoy a robust sales pipeline entering 2024.