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Mistras - MG STOCK NEWS

Welcome to our dedicated page for Mistras news (Ticker: MG), a resource for investors and traders seeking the latest updates and insights on Mistras stock.

MISTRAS Group, Inc. (NYSE: MG) delivers essential asset protection solutions for critical infrastructure sectors worldwide. This news hub provides investors and industry professionals with timely updates on operational milestones, technological advancements, and strategic initiatives shaping the company’s leadership in structural integrity management.

Access comprehensive coverage of earnings announcements, partnership developments, and innovation launches. Our curated collection includes updates on non-destructive testing advancements, IoT monitoring deployments, and engineering consulting achievements across energy, aerospace, and utilities sectors.

Discover how MISTRAS’ integrated approach combines field inspections with digital analytics to address complex infrastructure challenges. Regular updates ensure stakeholders stay informed about safety certifications, regulatory compliance updates, and market expansion efforts driving long-term value creation.

Bookmark this page for streamlined access to verified information supporting informed analysis of MISTRAS’ performance and industry positioning. Check back frequently for authoritative updates directly impacting asset lifecycle management strategies.

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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.

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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.

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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.

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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.

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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.

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Serve Robotics Inc. (NASDAQ: SERV) has entered into a production agreement with Magna International Inc. to scale its robot manufacturing capabilities. The agreement aims to deploy up to 2,000 robotic delivery vehicles for Uber Eats and expand geographically. Magna will manufacture Serve's robots exclusively, building on a previous licensing agreement, showcasing Serve's leadership in autonomous sidewalk delivery.
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MISTRAS Group, Inc. appoints Hani Hammad as Executive Vice President and Chief Transformation Officer, signaling a strategic move in the company's business transformation journey. Mr. Hammad's proven track record of value creation through the Project Phoenix EBITDA Improvement Program has identified over $47M in annual run rate EBITDA improvement opportunities. With a background in operational and financial transformations in the energy sector, Mr. Hammad is set to lead transformative changes at MISTRAS Group, ensuring sustainable value for shareholders.
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MISTRAS Group, Inc. announces that Manuel N. Stamatakis and Edward Prajzner will present at the Sidoti Virtual Investor Conference on March 13, 2024. The company is a leading provider of asset protection solutions for critical infrastructure.
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MISTRAS Group, Inc. (MG: NYSE) reported a Q4 2023 revenue of $182.1 million, up 8.2%, with a net loss of $2.5 million. Adjusted EBITDA was $19.2 million, up 22.0%. Full Year 2023 saw revenue of $705.5 million, up 2.6%, with a net loss of $17.5 million. The company anticipates revenue between $725-$750 million and Adjusted EBITDA between $84-$89 million for 2024.
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MISTRAS Group, Inc. (MG: NYSE) will hold a conference call on March 7, 2024, to discuss its fourth-quarter and fiscal year 2023 results. The webcast will be available on their website, with a live Q&A session. An archived webcast will be accessible for a year post the call.
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Mistras

NYSE:MG

MG Rankings

MG Stock Data

291.77M
16.28M
35.99%
50.6%
0.58%
Security & Protection Services
Services-engineering Services
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United States
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