Mistras Group Inc. - MG STOCK NEWS

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.

MISTRAS Group (MG: NYSE) announced that CEO Dennis Bertolotti and CFO Edward Prajzner will present at the H.C. Wainwright Global Investment Conference from May 23-26, 2022. They will highlight the company's new solutions, including OneSuite™, an asset protection software ecosystem, and Sensoria™, a continuous blade monitor for the wind energy sector. One-on-one meetings are scheduled for May 25-26. MISTRAS, known for its integrated technology-enabled asset protection solutions, focuses on maximizing safety and operational uptime across critical industries.

MISTRAS Group, Inc. (MG: NYSE) announced a management presentation at the Spring Into Action – Best Ideas Virtual Investor Conference on May 17-20, 2022. CEO Dennis Bertolotti and CFO Edward Prajzner will present at 9:00 AM on May 17. The presentation will reveal MISTRAS' new solutions, including OneSuite™ and Sensoria™, aimed at enhancing asset protection in various industries. One-on-one meetings can be scheduled for May 19 and 20. Registration for the event is accessible via the provided link.

MISTRAS Group, Inc. (MG: NYSE) reported a 5.2% organic revenue growth in Q1 2022, totaling $161.7 million. The company achieved a 39.7% reduction in interest expenses, amounting to $1.3 million. Despite a net loss of $5.4 million, management remains optimistic about growth in the Aerospace and Defense sectors and the ongoing expansion of data solutions offerings. MISTRAS forecasts revenue for 2022 between $695 million and $715 million with projected Adjusted EBITDA of $65 million to $69 million.

MISTRAS Group (NYSE: MG) has announced significant advancements in its pipeline integrity and inspection technology. The new automated radiographic testing (ART) Crawler facilitates single-person inspections, enhancing deployment efficiency. Additionally, Onstream Pipeline Inspection has upgraded its TriStream MFL tool to boost accuracy in detecting metal loss and minimize pipeline disruptions during inspections. These innovations are designed to improve pipeline safety, reduce costs, and provide a comprehensive understanding of pipeline conditions for operators.

MISTRAS Group, Inc. (NYSE:MG) has announced a conference call scheduled for May 4, 2022, at 9:00 am ET to discuss its first-quarter results. The financial results will be released after market close on May 3, 2022. Interested parties can join the call via phone or through the company's website. MISTRAS is known for providing integrated asset protection solutions across various industries including oil and gas, aerospace, and renewable power, utilizing advanced technologies and a commitment to Environmental, Social, and Governance initiatives.

MISTRAS Group (MG: NYSE) will present at the Maxim Virtual Growth Conference from March 28-30, 2022. CEO Dennis Bertolotti and CFO Edward Prajzner will discuss MISTRAS’ innovative solutions, including OneSuite™, a revolutionary asset protection software ecosystem, and Sensoria™, a 24/7 monitoring system for the wind energy sector. The presentation will be accessible online. MISTRAS is recognized for its technology-enabled asset protection solutions vital for energy, industrial, and infrastructure safety.

MISTRAS Group, Inc. (MG: NYSE) announced its participation in the Sidoti Virtual Small Cap Conference on March 23-24, 2022. The management presentation will occur on March 24 at 9:15 AM ET, featuring CEO Dennis Bertolotti, CFO Edward Prajzner, and COO Jon Wolk. The discussions will highlight MISTRAS' innovative asset protection solutions, including OneSuite™ and Sensoria™, aimed at enhancing safety and operational uptime across critical industries. Interested participants can register for the conference using the link provided.

MISTRAS Group, Inc. (MG) reported a 14.3% increase in 2021 revenue, reaching $677.1 million, and an operating income of $18.2 million, showing substantial improvement from the previous year. The Q4 revenue grew 6.5% to $171.2 million, with net cash from operations of $19.8 million. Gross profit margin decreased to 29.1% due to higher costs. The company made significant debt repayments, reducing total debt to $202.6 million. Despite ongoing challenges from the pandemic, MISTRAS anticipates growth in 2022, driven by recovery in primary markets and the launch of innovative data solutions.