Mistras Group

MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: Services, International Offers Services, and Products and Systems. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services. The International Offers Services segment offers services, products, and systems to markets within Europe, the Middle East, Africa, Asia except, China and South Korea, which are served by the Products and Systems segment, and South America. The Products and Systems segment designs, manufactures, sells, installs, and services the company's asset protection products and systems, including equipment and instrumentation, mainly in the United States. The company was founded by Sotirios J. Vahaviolos in 1978 and is headquartered in Princeton Junction, NJ.

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Earnings data Q4 2024

Mistras Group excels in Q4, poised for sustainable growth

Mistras Group's Q4 performance reflects financial strength, operational efficiency, and growth across sectors, driven by data solutions and cost discipline.
The company's strategic initiatives, like Project Phoenix, aim to accelerate growth and improve profitability, while the focus on digital products signals a positive market response.
With a solid outlook for 2023, Mistras Group is poised for sustainable growth, aiming to leverage opportunities in data solutions, core markets, and technology advancements.

Mistras Group reports robust Q1 performance and eyes strategic investments

Mistras Group's Q1 2023 performance reflects strong revenue growth, margin expansion, and strategic investments in technology and capabilities.
The company's focus on reducing debt, driving organic growth, and exploring investment options underscores its commitment to long-term value creation and sustainable expansion.
While challenges in balancing growth investments and debt reduction persist, Mistras Group's proactive approach positions it well to capitalize on market opportunities and drive future growth.

Mistras Group reports stable Q2 revenue, eyes growth in key sectors

Mistras Group's Q2 2023 earnings call highlighted a strategic focus on operational efficiency and value creation, leading to stable revenue and growth prospects. Despite challenges like project delays, the company's strengths in key markets and investments in high-growth areas position it well for future opportunities. With a strong performance in data solutions and promising sectors like aerospace and oil and gas, Mistras Group remains optimistic about its growth trajectory.

Mistras Group reports Q3 growth, eyes record EBITDA in 2024

Mistras Group's Q3 2023 performance showed positive revenue and margin trends.
Project Phoenix initiatives aim to drive savings and achieve record EBITDA in 2024.
Challenges include impairment charges and lower guidance for fiscal 2023.
Opportunities lie in organic and inorganic growth, data analytics, and customer relationships.

MISTRAS Group surpasses Q4 expectations, eyes record 2024 performance

MISTRAS Group's Q4 performance exceeded expectations, setting the stage for a promising 2024 with a focus on operational efficiency and growth initiatives.
Strategic changes in management and operations are driving financial performance improvements and unlocking intrinsic value for shareholders.
With a strong emphasis on Project Phoenix, cost-saving measures, and revenue growth strategies, the company is poised for sustainable success in the coming year.

Mistras Group excels in Q1 2024, eyes growth in Data Analytics and Aerospace

Mistras Group's strong Q1 2024 performance was driven by strategic initiatives and cost reductions. Despite challenges in Data Analytical Solutions, the company remains optimistic about meeting targets and sustaining growth momentum. Opportunities lie in expanding the Data Analytical Solutions segment and capitalizing on the aerospace sector's potential.

Mistras Group reports Q3 growth, eyes aerospace expansion opportunities

Mistras Group delivered solid Q3 results with revenue and EBITDA growth, improved cash flow, and reduced SG&A expenses.
The company is strategically positioned for growth with revised cash flow outlook, expansion plans, and revenue growth expectations.
Challenges include pricing impacts on downstream revenue and the ongoing CEO search, requiring careful navigation.
Opportunities lie in aerospace and defense sector growth, private space industry expansion, and international segment potential.

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MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: North America, International Offers Services, and Products and Systems. The North America segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services. The International Offers Services segment offers services, products, and systems to markets within Europe, the Middle East, Africa, Asia except, China and South Korea, which are served by the Products and Systems segment, and South America. The Products and Systems segment designs, manufactures, sells, installs, and services the company's asset protection products and systems, including equipment and instrumentation, mainly in the United States. The company was founded by Sotirios J. Vahaviolos in 1978 and is headquartered in Princeton Junction, NJ.

Mistras Group, Inc. (NYSE:MG ) Q3 2024 Results Conference Call October 31, 2024 9:00 AM ET Company Participants Manuel Stamatakis - Chairman of the Board and Interim Chief Executive Officer Edward Prajzner - Senior Executive Vice President and Chief Financial Officer Conference Call Participants John Franzreb - Sidoti & Company, LLC Christopher Sakai - Singular Research Mitchell Pinheiro - Sturdivant & Co. Inc. Operator Thank you for joining the Mistras Group's Conference Call for its Third Quarter ended September 30, 2024. My name is Amber, and I will be your event manager today.

Mistras Group, Inc. (MG) Q3 2024 Earnings Call Transcript

Mistras (MG) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.18 per share a year ago.

Mistras (MG) Misses Q3 Earnings and Revenue Estimates

Quarterly Revenue Growth of 1.9%, driven by continued strong growth in the International segment Quarterly Net Income of $6.4 million, or $0.20 per diluted share Quarterly Adjusted EBITDA (non-GAAP) of $23.3 million, an increase of 11.5% PRINCETON JUNCTION, N.J., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its third quarter and nine months ended September 30, 2024.

MISTRAS Announces Third Quarter 2024 Results

PRINCETON JUNCTION, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, October 31, 2024 at 9:00 am Eastern Time to discuss its results for the third quarter of 2024. A press release with the third quarter results will be issued after the close of market on Wednesday, October 30, 2024.

MISTRAS Group Announces Conference Call to Discuss Third Quarter Results on October 31, 2024

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Mistras Group (MG) Right Now?

Should Value Investors Buy Mistras Group (MG) Stock?

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Are You Looking for a Top Momentum Pick? Why Mistras (MG) is a Great Choice

Mistras (MG) could produce exceptional returns because of its solid growth attributes.

Is Mistras (MG) a Solid Growth Stock? 3 Reasons to Think "Yes"

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Mistras (MG) Is Attractively Priced Despite Fast-paced Momentum

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Mistras Group, Inc. (NYSE:MG ) Q2 2024 Earnings Conference Call August 1, 2024 9:00 AM ET Company Participants Manuel Stamatakis - Interim Chief Executive Officer Edward Prajzner - Chief Financial Officer Conference Call Participants Mitchell Pinheiro - Sturdivant & Co. Inc. Christopher Sakai - Singular Research John Franzreb - Sidoti & Company, LLC Operator Thank you for joining Mistras Group's Conference Call for its Second Quarter Ended June 30, 2024. My name is Brianna, and I'll be your event manager today.

Mistras Group, Inc. (MG) Q2 2024 Earnings Call Transcript

Quarterly Revenue Growth of 7.8% driven by increases in all industries Significant Quarterly Gross Profit and Gross Profit Margin Growth across all segments Further Reductions in Quarterly Selling, General and Administrative expenses Quarterly Net Income of $6.4 million, with Quarterly Adjusted EBITDA (non-GAAP) of $22.1 million, an increase of 44.6% from the prior year period PRINCETON JUNCTION, N.J., July 31, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its second quarter and six months ended June 30, 2024.

MISTRAS Announces Second Quarter 2024 and First Half 2024 Results

PRINCETON JUNCTION, N.J., July 26, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, August 1, 2024 at 9:00 am Eastern Time to discuss its results for the second quarter of 2024. A press release with the second quarter results will be issued after the close of market on Wednesday, July 31, 2024.

MISTRAS Group Announces Conference Call to Discuss Second Quarter Results on August 1, 2024

Mistras (MG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Mistras (MG) Soars 5.4%: Is Further Upside Left in the Stock?

Mistras Group, Inc. [MG] Q1 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Manny Stamatakis - Interim President & CEO Ed Prajzner - SVP & CFO Conference Call Participants Chris Sakai - Singular Research Tim Moore - E.F. Hutton Mitchell Pinheiro - Sturdivant & Co. Operator Thank you for joining our Mistras Group's conference call for its first quarter ended March 31st, 2024.

Mistras Group, Inc. (MG) Q1 2024 Earnings Call Transcript

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 10:00 AM ET ON MAY 9, 2024 MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 10:00 AM ET ON MAY 9, 2024

MISTRAS Group to Participate in Sidoti Micro-Cap Virtual Investor Conference on May 8-9, 2024

Q1 2024 Revenue of $184.4 million, up 9.8% from the prior year period; highest Q1 Revenue since 2018 Q1 2024 Net Income of $1.0 million, reflecting an improvement from a net loss of $5.0 million in the prior year period Q1 2024 Adjusted EBITDA (non-GAAP) of $16.2 million compared to $10.4 million in the prior year period, up 55.1%; highest Q1 result historically PRINCETON JUNCTION, N.J., May 01, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its first quarter ended March 31, 2024.

MISTRAS Announces First Quarter 2024 Results

PRINCETON JUNCTION, N.J., April 26, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 2, 2024 at 9:00 am Eastern Time to discuss its results for the first quarter of 2024. A press release with the first quarter results will be issued after the close of market on Wednesday, May 1, 2024.

MISTRAS Group Announces Conference Call to Discuss First Quarter Results on May 2, 2024

Management Presentation to Be Webcast Live at 10:00 AM ET on March 13, 2024 Management Presentation to Be Webcast Live at 10:00 AM ET on March 13, 2024

MISTRAS Group to Participate in Sidoti Virtual Investor Conference on March 13-14, 2024

Mistras Group, Inc. (NYSE:MG ) Q4 2023 Earnings Conference Call March 7, 2024 9:00 AM ET Company Participants Manny Stamatakis - Chairman of the Board and Interim President and Chief Executive Officer Ed Prajzner - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mitchell Pinheiro - Sturdivant & Co. Chris Sakai - Singular Research Tim Moore - EF Hutton Brian Russo - Sidoti Operator Thank you for joining Mistras Group's Conference Call for its Fourth Quarter and Fiscal Year Ended December 31st, 2023. Participating on the call from Mistras Group will be Manny Stamatakis, the company's Chairman of the Board and Interim President and Chief Executive Officer; and Ed Prajzner, Senior Executive Vice President and Chief Financial Officer.

Mistras Group, Inc. (MG) Q4 2023 Earnings Call Transcript

Q4 2023 Revenue of $182.1 million, up 8.2% Q4 2023 Net Loss of $2.5 million reflecting $6.3 million of reorganization and other costs and $1.2 million of foreign currency exchange losses Q4 2023 Adjusted EBITDA (non-GAAP) of $19.2 million compared to $15.7 million in the prior year, up 22.0%; highest Q4 result historically Full Year 2023 Net Cash Provided by Operating Activities of $26.7 million consistent with the prior year, whereas Free Cash Flow (non-GAAP) of $3.1 million was lower than the prior year, reflecting increased strategic spend in expanding growth areas PRINCETON JUNCTION, N.J., March 06, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its fourth quarter and year ended December 31, 2023.

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