For more on MISTRAS' pipeline integrity data solutions, visit https://www.mistrasgroup.com/how-we- help/data-solutions/pipeline-integrity/. PRINCETON JUNCTION, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a global leader in technology-enabled industrial asset integrity solutions, today announced the appointment of Cody Elliott as Vice President of Pipeline Data Solutions. Cody will drive the growth and advancement of MISTRAS' inline inspection (ILI) and integrity engineering servi ...

Revenue Performance - Revenue for the three months ended March 31, 2025, was $161.6 million, a decrease of $22.8 million, or 12.4%, compared to $184.4 million in the same period of 2024[142]. - North America segment revenue decreased by 14.3% to $128.9 million, primarily due to a decline in the Oil and Gas market revenue[144]. - International segment revenue increased by 0.5% to $33.2 million, driven by low double-digit organic growth and favorable foreign exchange impacts[144]. - Products and Systems segment revenue decreased by 3.7% to $3.1 million, attributed to decreased sales volume and shipments[144]. - Total revenue for the three months ended March 31, 2025, was $161.6 million, a decrease of 12.4% compared to $184.4 million in the same period of 2024[148]. - Field Services revenue decreased by $16.2 million, primarily due to reduced sales volume in oil and gas, industrials, and infrastructure markets[149]. - Oil and gas customer revenue accounted for approximately 60% of total revenue in both the three months ended March 31, 2025, and 2024[145]. - The top ten customers represented approximately 37% of total revenue for the three months ended March 31, 2025, down from 39% in the prior year[145]. - Oil and gas revenue by sub-category showed a total decrease from $113.2 million in 2024 to $96.6 million in 2025, with upstream, midstream, and downstream revenues decreasing by 4%, 26%, and 19% respectively[147]. Financial Position - The company's cash balance as of March 31, 2025, was approximately $18.5 million, indicating strong liquidity[132]. - As of March 31, 2025, cash and cash equivalents totaled $18.5 million, with $114.0 million of unused commitments under the Credit Agreement[169]. - Cash provided by operating activities was $5.6 million, representing a year-on-year increase of $5.0 million, or 835%[165]. - Interest expense decreased to approximately $3.3 million in Q1 2025 from $4.4 million in Q1 2024 due to lower overall borrowings[160]. - The company was in compliance with the terms of the Credit Agreement as of March 31, 2025, and will continue to monitor compliance with covenants[170]. Profitability and Expenses - Gross profit decreased by $5.3 million, or 11.4%, with a gross profit margin of 25.3% for Q1 2025 compared to 25.0% in Q1 2024[153][155]. - Operating expenses increased by $1.3 million, or 3.2%, with selling, general and administrative expenses decreasing by $0.6 million due to cost discipline[157]. - Income from operations (GAAP) for Q1 2025 was a loss of $1.0 million, a decrease of $6.6 million compared to income of $5.6 million in Q1 2024[159]. Strategic Initiatives - The company continues to focus on integrating asset protection solutions through its OneSuite platform, which offers over 90 applications in a centralized environment[131]. - The company has made numerous acquisitions to expand its service lines and geographical reach, enhancing its competitive advantages[129]. Taxation - The effective income tax rate increased to approximately 26.9% in Q1 2025 from 10.6% in Q1 2024, primarily due to the impact of favorable discrete items related to stock compensation[161][162].

Mistras Group (MG) Q1 2025 Earnings Call May 08, 2025 09:00 AM ET Company Participants Thomas Tobolski - TreasurerNatalia Shuman - President & CEOEdward Prajzner - Senior EVP & CFOMitchell Pinheiro - Director - Research Conference Call Participants John Franzreb - Senior Equity AnalystChristopher Sakai - Analyst Operator Good day, everyone. My name is Abigail, and I will be your conference operator today. At this time, I would like to welcome you to Mistras Group Inc q one twenty twenty five earnings call. ...

Financial Data and Key Metrics Changes - Revenue decreased by over 12% year-over-year, primarily due to market uncertainty, with a notable decline of $16.6 million in the oil and gas end market [10][11] - The company reported a GAAP net loss of $3.2 million or $0.10 per share, while the non-GAAP net loss was $0.01 per share for the first quarter [18] - Adjusted EBITDA decreased by $4.2 million to $12 million, marking the second highest first quarter adjusted EBITDA performance in the last five years [18] - Net cash provided by operating activities was $5.6 million, an increase of $5 million compared to the prior year [19] Business Line Data and Key Metrics Changes - The oil and gas end market experienced the largest revenue decline, particularly in the downstream sector, attributed to timing of turnarounds and project delays [10][11] - Aerospace and defense revenue declined by $1.7 million due to macroeconomic uncertainties and supply chain disruptions [11][12] - The Data Solutions Group, particularly the PCMS offering, saw a revenue growth of 6% compared to the prior year [13] Market Data and Key Metrics Changes - The international segment revenue increased by nearly 4% in local currency, although this was offset by adverse foreign exchange translation [16] - The company noted a reduction in customer spending and project pushouts in upstream and midstream sub-industries due to market uncertainties [11] Company Strategy and Development Direction - The company is focusing on three key initiatives: leadership talent evaluation, recalibration of cost base, and developing growth strategies across all businesses [6][7] - Mistras is emphasizing accelerated expansion in core end markets like oil and gas and aerospace and defense, with a focus on integrated solutions leveraging data analytics [7][9] - The launch of the Mistras Data Solution brand consolidates data-centric services and technologies, aiming to enhance operations for asset-intensive end markets [10] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism for the remainder of the year despite a slower start in key markets, with expectations of recovering revenue in the oil and gas sector [11][12] - The company is closely monitoring potential industry headwinds caused by global market uncertainties and tariffs [12][23] - Management anticipates that adjusted EBITDA for 2025 will at least meet or exceed the levels achieved in 2024 [24] Other Important Information - The company is not providing full-year guidance for fiscal 2025 due to unprecedented market uncertainty [23] - The effective tax rate for the first quarter was a tax benefit of 26.9%, with an anticipated rate of approximately 25% for the full year [20] Q&A Session Summary Question: Changes in the operating environment compared to three months ago - Management noted unprecedented uncertainty affecting project delays and customer evaluations regarding tariffs [33][34] Question: Impact of tariffs on business and project delays - The direct impact of tariffs on Mistras is minimal, but customers are pausing or delaying spending due to economic conditions [42] Question: Pricing initiatives and customer discussions - The company is maintaining commercial discipline and reviewing contract economics to ensure fair ROI for services [37][38] Question: Outlook on midstream and downstream markets - Revenue reduction in midstream is attributed to budget restrictions and regulatory drivers, with expectations of demand recovery later in the year [53] Question: Expectations for revenue and EBITDA - Management indicated that adjusted EBITDA is expected to be similar to last year, suggesting that revenue may not be significantly lower than the previous year [55][56]

May 8, 2025 Q1 2025 Earnings Report Safe Harbor Statement and Other Matters In addition to financial information prepared in accordance with generally accepted accounting principles in the U.S. (GAAP), this press release also contains adjusted financial measures that are not prepared in accordance with GAAP and that we believe provide investors and management with supplemental information relating to the Company's operating performance and trends that facilitate comparisons between periods and with respect ...

Company Performance - Mistras reported a quarterly loss of $0.01 per share, missing the Zacks Consensus Estimate of $0.16, and compared to earnings of $0.07 per share a year ago, representing an earnings surprise of -106.25% [1] - The company posted revenues of $161.62 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 10.48%, and down from $184.44 million year-over-year [2] - Over the last four quarters, Mistras has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Market Performance - Mistras shares have increased by approximately 5.9% since the beginning of the year, contrasting with the S&P 500's decline of -4.7% [3] - The current consensus EPS estimate for the coming quarter is $0.24 on revenues of $187.36 million, and for the current fiscal year, it is $0.83 on revenues of $747.59 million [7] Industry Outlook - The Zacks Industry Rank for Electronics - Miscellaneous Products is currently in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stocks in this sector [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the industry outlook can significantly impact stock performance [5][8]

Exhibit 99.1 MISTRAS Announces First Quarter 2025 Results Reinvigorated senior leadership with recently on-boarded, high-caliber positions with proven industry experience, to focus on delivering value to customers Integrated Data Solutions capabilities for customers worldwide combining data-centric services, software solutions, and technology, to evolve a scalable, full life cycle asset protection ecosystem Unified accredited laboratories with integrated service capabilities, to significantly reduce cycle t ...

Reinvigorated senior leadership with recently on-boarded, high-caliber positions with proven industry experience, to focus on delivering value to customers Integrated Data Solutions capabilities for customers worldwide combining data-centric services, software solutions, and technology, to evolve a scalable, full life cycle asset protection ecosystem Unified accredited laboratories with integrated service capabilities, to significantly reduce cycle times, increase speed to market and simplify quality assur ...

PRINCETON JUNCTION, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 8, 2025, at 9:00 am Eastern Standard Time to present its results for the first quarter of 2025. A press release with the first quarter results will be issued after the close of market on Wednesday, May 7, 2025. 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 wishin ...

New York, April 30, 2025 (GLOBE NEWSWIRE) -- Muscular Dystrophy Association (MDA) applauds the U.S. Food and Drug Administration (FDA) approval of IMAAVYTM (nipocalimab-aahu) for the treatment of people ages 12 and older who are living with antibody positive (AChR+ or MuSK+) generalized myasthenia gravis (gMG). Learn more about this approval in Johnson & Johnson’s news release here. This milestone marks another significant advancement for the more than 100,000 people living with gMG in the U.S. gMG is a chr ...