Mistras Group Inc. - MG STOCK NEWS

MISTRAS Group announced a presentation at the Sidoti Micro-Cap Virtual Conference on August 17-18, 2022, featuring CEO Dennis Bertolotti and CFO Edward Prajzner.

They will showcase new solutions, including OneSuite™ and Sensoria™, aimed at enhancing asset protection.

Attendees can register for the event here. MISTRAS, listed as MG on the NYSE, emphasizes its role in ensuring safety and uptime across critical infrastructure sectors.

MISTRAS Group, Inc. (MG: NYSE) reported a 2.8% revenue growth for the first half of 2022, totaling $340.7 million, despite project delays in its oil and gas sector. The second quarter revenue reached $179.0 million, a nominal increase of 0.8%, impacted by unfavorable foreign exchange. Net income was $4.6 million or $0.15 per diluted share. The company reduced its gross debt to $200.4 million and operating cash flow improved to $13.2 million. New growth initiatives are gaining traction, particularly in aerospace and defense, while the outlook for the second half remains optimistic for revenue between $695 and $715 million.

MISTRAS Group (NYSE:MG) has scheduled a conference call on August 4, 2022, at 10:00 AM ET to discuss its Q2 2022 results. The financial results will be released after market hours on August 3, 2022. Investors can access the live webcast via the Investor Relations section of MISTRAS Group's website. A new process is in place for the Q&A session, requiring pre-registration for participation. The company specializes in integrated asset protection solutions across various industries, emphasizing its commitment to safety and operational efficiency.

MISTRAS Group, Inc. (NYSE: MG) has secured a new credit facility totaling $315 million, enhancing its liquidity and growth potential. This includes a $125 million term loan and a $190 million revolving credit line, maturing on July 30, 2027. The new agreement lowers the effective credit spread by 25 basis points and reduces quarterly term loan amortization significantly. With increased flexibility for future acquisitions, MISTRAS aims to invest in data solutions and renewable energy, reinforcing its commitment to growth and shareholder value.

MISTRAS Group, Inc. (NYSE: MG) announced that retired Adm. Jay M. Cohen has joined as an Advanced Technical Solutions Consultant, enhancing its focus on military and defense sectors. Cohen’s extensive experience includes roles as Under Secretary for Science and Technology at DHS and Chief of Naval Research. His appointment is expected to open new opportunities in the naval infrastructure sector, particularly as the Navy commits to a $21 billion modernization. MISTRAS aims to leverage his expertise to expand its operations in critical asset protection solutions.

MISTRAS Group, Inc. (MG: NYSE) will present at the Sidoti Summer Small Cap Virtual Conference on June 15-16, 2022. CEO Dennis Bertolotti and CFO Edward Prajzner will discuss MISTRAS' innovative solutions, including OneSuite™, an asset protection software ecosystem, and Sensoria™, a 24/7 monitor for wind energy. Attendees can register for the live webcast happening at 1:00 PM EDT on June 15. MISTRAS is committed to enhancing safety and uptime of critical infrastructures through technology-enabled asset protection.

MISTRAS Group, Inc. (MG: NYSE) has announced a live webcast of a management presentation at the Stifel 2022 Cross Sector Insight Conference, scheduled for June 7, 2022. Edward Prajzner, CFO, will highlight the company's innovative solutions, including OneSuite™ and Sensoria™, aimed at enhancing asset protection in critical industries. The conference will run from June 7-9 in Boston, with opportunities for one-on-one meetings. MISTRAS specializes in technology-driven asset protection solutions across sectors like energy, manufacturing, and civil infrastructure.

MISTRAS Group, Inc. (NYSE: MG) continues to innovate with its OneSuite™ asset protection software, which has been adopted by nearly 40 customers across over 100 sites since its launch in January 2021. The platform boasts over 800 subscriptions and integrates 85 applications to streamline asset protection processes. MISTRAS aims to enhance data usability and insights for various industries, including oil and gas, aerospace, and civil infrastructure. A promotional video outlining the platform's capabilities is also available for viewing.

MISTRAS Group, Inc. (MG: NYSE) will present at the Singular Research Spring Select Virtual Investor Conference on May 25, 2022, at 11:30 AM EDT. CEO Dennis Bertolotti and CFO Edward Prajzner will discuss MISTRAS’ latest solutions, including OneSuite™ and Sensoria™. One-on-one meetings can be scheduled via email. MISTRAS provides integrated technology-enabled asset protection solutions to maximize safety and operational uptime for various critical sectors, including energy and infrastructure.