Welcome to our dedicated page for Mistras Group news (Ticker: MG), a resource for investors and traders seeking the latest updates and insights on Mistras Group stock.
MISTRAS Group Inc. (NYSE: MG) is a global leader in providing technology-enabled asset protection solutions. The company specializes in assessing the structural integrity and reliability of critical energy, industrial, and public infrastructure. MISTRAS operates through three primary segments: North America, International, and Products and Systems, with North America being the main revenue driver.
MISTRAS offers a comprehensive suite of services including 24/7 online monitoring, mechanical integrity (MI) and non-destructive testing (NDT) services, destructive testing (DT) services, process and fixed asset engineering, consulting services, and enterprise inspection data management and analysis software (PCMS™). These services help extend asset life, improve productivity and profitability, ensure compliance with safety and environmental regulations, and enhance risk management.
With a strong commitment to Environmental, Social, and Governance (ESG) initiatives, MISTRAS supports industries such as oil and gas, aerospace and defense, renewable and nonrenewable power, civil infrastructure, and manufacturing. The company’s expertise in asset protection is backed by innovative, data-driven technologies and a legacy of industry leadership.
Recent achievements include the successful implementation of Project Phoenix, which aims to increase operational efficiency and profitability through cost reductions and strategic pricing improvements. This initiative is expected to bring significant financial benefits in 2024, reinforcing the company's commitment to sustainable growth and shareholder value.
For more information about MISTRAS Group and its services, visit the official website at MISTRAS Group.
MISTRAS Group (MG) reported Q3 2024 financial results with revenue growing 1.9% to $182.7 million. The company achieved net income of $6.4 million, or $0.20 per diluted share, and Adjusted EBITDA increased 11.5% to $23.3 million. International segment showed strong performance with 8.7% growth. The company revised its 2024 guidance, now expecting revenue between $725-730 million and Adjusted EBITDA between $80-82 million. Operating cash flow was $19.4 million with $13.2 million in free cash flow for Q3, while gross debt decreased to $189.7 million, its lowest level since December 2018.
MISTRAS Group (NYSE: MG) has scheduled a conference call for Thursday, October 31, 2024, at 9:00 am Eastern Time to discuss its third quarter 2024 results. The company will release its Q3 results after market close on Wednesday, October 30, 2024. Interested participants can access the live webcast through the Investor Relations section of MISTRAS Group's website and can pre-register for the Q&A session through the provided link. An archived version of the webcast will be available for one year on the company's website.
MISTRAS Group (NYSE: MG) reported strong financial results for Q2 2024 and H1 2024. Key highlights include:
- Q2 revenue up 7.8% to $189.8 million
- Q2 gross profit increased 12.9% to $56.1 million
- Q2 net income of $6.4 million, EPS of $0.20
- Q2 Adjusted EBITDA up 44.6% to $22.1 million
- H1 revenue up 8.8% to $374.2 million
- H1 net income of $7.4 million, EPS of $0.23
- H1 Adjusted EBITDA up 48.8% to $38.3 million
The company reaffirmed its 2024 outlook, projecting revenue between $725-$750 million and Adjusted EBITDA between $84-$89 million. Growth was driven by increases across all industries, particularly in Aerospace and Defense.
MISTRAS Group, Inc. (NYSE: MG) has scheduled a conference call for Thursday, August 1, 2024, at 9:00 am Eastern Time to discuss its second quarter 2024 results. The company will release its Q2 results after market close on Wednesday, July 31, 2024. Investors can access the live webcast through the Investor Relations section of MISTRAS Group's website. For those wishing to participate in the live Q&A session, pre-registration is available via a provided link. An archived webcast of the call will be accessible for one year following the conference call on the company's website.
MISTRAS Group, Inc. (MG: NYSE) will be participating in the Sidoti Micro-Cap Virtual Investor Conference on May 8-9, 2024. The company's Chairman of the Board and Interim President, along with the CFO, will be presenting at the event. The webcast will begin at 10:00 AM ET on May 9, 2024. Investors can register for the event and access the chat at the provided link. One-on-one meetings with management will also be available throughout the conference.
MISTRAS Group, Inc. announced its first quarter 2024 results, highlighting a revenue increase of 9.8% to $184.4 million, net income improvement to $1.0 million, and adjusted EBITDA growth of 55.1%. The company continues to execute its strategic initiatives, with strong performance in Aerospace and Defense, and aims for an all-time high performance year in 2024.
MISTRAS Group Announces Conference Call to Discuss First Quarter Results on May 2, 2024
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. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group’s website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://register.vevent.com/register/BIebdf48d69cb04674a4848bcd372409be. Following the conference call, an archived webcast of the call will be available for one year by visiting the Investor Relations section of MISTRAS Group’s website.
FAQ
What is the current stock price of Mistras Group (MG)?
What is the market cap of Mistras Group (MG)?
What does MISTRAS Group Inc. specialize in?
What are the main segments of MISTRAS Group?
What services does MISTRAS Group offer?
Which industries does MISTRAS Group serve?
What is Project Phoenix?
How does MISTRAS Group contribute to ESG initiatives?
Where can I find more information about MISTRAS Group Inc.?
What recent achievements has MISTRAS Group made?
What is the significance of MISTRAS Group’s North America segment?
How does MISTRAS Group help in risk management?
