Mayville Engineering sees demand shock lead to cost reductions and share price increase

Mayville Engineering Company has experienced a demand shock, leading to significant cost reductions. This marks a shift from the previous situation where the company maintained a 'Hold' rating. Since December 2023, Mayville's shares have increased by about 19%. This change reflects a response to the evolving market conditions affecting the aftermarket component sector. The company’s recent performance highlights its ability to adapt to challenges. The focus now is on managing costs in light of the new demand landscape.