Mistras (MG)
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Mistras (MG) - 2025 Q3 - Earnings Call Presentation
2025-11-05 14:00
Financial Performance - Revenue increased to $195.5 million, a 7.0% growth compared to $182.7 million in the same quarter of the previous year[20] - Gross profit increased to $58.2 million, a 19.0% increase from $48.9 million, with gross profit margin improving to 29.8% from 26.8%[10, 20] - Adjusted EBITDA increased to $30.2 million, a 29.6% increase from $23.3 million, with adjusted EBITDA margin improving to 15.4% from 12.8%[10, 20] - Net income increased significantly to $13.1 million, a 104.7% increase compared to $6.4 million[20, 22] Segment Performance - Oil & Gas revenue reached $105.7 million, a 6.2% increase from $99.5 million[7] - Aerospace & Defense revenue reached $24.2 million, a 10.6% increase from $21.9 million[7] - Industrials revenue reached $22.6 million, a 15.8% increase from $19.5 million[7] - Power Gen & Transmission revenue reached $14.5 million, a 24.3% increase from $11.7 million[7] - Infrastructure, R&D & Eng revenue reached $10.6 million, a 21.1% increase from $8.7 million[7] Cash Flow and Debt - Free cash flow was negative $20.9 million, compared to positive $6.3 million in the previous year[25] - Total gross debt increased to $202.3 million from $169.6 million[26] - Total net debt increased to $174.5 million from $151.3 million[26] Outlook - The company projects full-year revenue in the range of $716 million to $720 million and adjusted EBITDA in the range of $86 million to $88 million[30] - The company anticipates an adjusted EBITDA margin of 12.0% to 12.2% for the full year[30]
Mistras (MG) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2025-11-05 00:05
Core Insights - Mistras reported quarterly earnings of $0.46 per share, exceeding the Zacks Consensus Estimate of $0.26 per share, and showing a year-over-year increase from $0.20 per share [1] - The company achieved revenues of $195.55 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 5.31% and increasing from $182.69 million a year ago [2] - Mistras has surpassed consensus EPS estimates three times over the last four quarters and topped revenue estimates two times in the same period [2] Earnings Performance - The earnings surprise for the recent quarter was +76.92%, following a previous surprise of +11.76% in the prior quarter [1][2] - The current consensus EPS estimate for the upcoming quarter is $0.23, with expected revenues of $177.33 million, and for the current fiscal year, the estimate is $0.67 on revenues of $710.04 million [7] Stock Performance and Outlook - Mistras shares have increased by approximately 5.9% since the beginning of the year, while the S&P 500 has gained 16.5% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - Mistras operates within the Zacks Electronics - Miscellaneous Products industry, which is currently ranked in the top 22% of over 250 Zacks industries [8] - The performance of Mistras may be influenced by the overall outlook for the industry, as top-ranked industries tend to outperform lower-ranked ones significantly [8]
Mistras (MG) - 2025 Q3 - Quarterly Results
2025-11-04 22:02
results for its third quarter and nine months ended September 30, 2025. Exhibit 99.1 MISTRAS Announces Third Quarter 2025 Results Robust Quarterly Organic Revenue Growth of 7.0%, with an Expansion in Quarter-Over-Quarter Gross Profit Margin of 300 Basis Points, Generating Net Income of $13.1 million and Earnings Per Diluted Share of $0.41, Achieving Record Adjusted EBITDA of $30.2 million PRINCETON JUNCTION, N.J., November 4, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG), a global leader in techno ...
MISTRAS Announces Third Quarter 2025 Results
Globenewswire· 2025-11-04 21:53
Core Insights - MISTRAS Group, Inc. reported a robust quarterly organic revenue growth of 7.0%, with a significant expansion in gross profit margin of 300 basis points, resulting in a net income of $13.1 million and earnings per diluted share of $0.41, alongside a record adjusted EBITDA of $30.2 million for the third quarter of 2025 [1][4][8]. Financial Performance - The company achieved a revenue of $195.5 million for the third quarter of 2025, reflecting a 7.0% increase compared to the prior year [8]. - Gross profit for the third quarter was $58.2 million, up 19.0% from $48.9 million, with a gross profit margin of 29.8%, compared to 26.8% in the previous year [8]. - Adjusted EBITDA for the third quarter was $30.2 million, representing a 29.6% increase from $23.3 million year-over-year, with an adjusted EBITDA margin of 15.4% [8][13]. - Year-to-date revenue for the first nine months of 2025 was $542.6 million, a decrease of 2.6% compared to the same period in 2024 [8]. Operational Highlights - Income from operations for the third quarter was $20.4 million, a 71.9% increase from $11.9 million in the prior year [6]. - The company recorded $1.8 million in reorganization and other costs in the third quarter related to efforts to reduce overhead and support costs [7]. - The company’s gross debt increased to $202.3 million as of September 30, 2025, compared to $169.6 million at the end of 2024 [11]. Industry Growth - The revenue growth was driven by strong demand across the five largest industries served, including double-digit growth in Aerospace & Defense, Industrials, Infrastructure, and Power Generation [4]. - The company anticipates full-year 2025 revenue to be between $716.0 million to $720.0 million, indicating flat performance compared to the previous year, factoring in voluntary laboratory consolidations [12]. Future Outlook - MISTRAS Group expects continued improvement in adjusted EBITDA, raising its guidance for full-year 2025 adjusted EBITDA to between $86.0 million to $88.0 million, exceeding the 2024 level of $82.5 million [13].
MISTRAS Group Announces Conference Call to Discuss Third Quarter Results on November 5, 2025
Globenewswire· 2025-10-23 13:30
Company Overview - MISTRAS Group, Inc. is a global leader in technology-enabled industrial asset integrity and testing solutions, serving critical industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [3] - The company offers a diversified portfolio of products and services, including advanced non-destructive testing, pipeline inspections, real-time condition monitoring, maintenance planning, and specialized engineering [3] - MISTRAS utilizes a proprietary management software suite that centralizes integrity data for predictive analytics and benchmark analysis, helping clients reduce risk, extend asset life, and optimize operational performance [3] Upcoming Events - MISTRAS Group has scheduled a conference call for November 5, 2025, at 9:00 am Eastern Time to present its third quarter results for 2025 [1] - A press release with the third quarter results will be issued after the market closes on November 4, 2025 [1] - Individuals can pre-register for the live question and answer session at a specified link [2]
MISTRAS Group Announces Conference Call to Discuss Third Quarter Results on November 5, 2025
Globenewswire· 2025-10-23 13:30
Core Insights - MISTRAS Group, Inc. has scheduled a conference call for November 5, 2025, to discuss its third quarter results for 2025 [1] - A press release with the financial results will be issued after market close on November 4, 2025 [1] Company Overview - MISTRAS Group, Inc. is a global leader in technology-enabled industrial asset integrity and testing solutions, serving critical industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [3] - The company offers a diversified portfolio of products and services, including advanced non-destructive testing, pipeline inspections, real-time condition monitoring, maintenance planning, and specialized engineering [3] - MISTRAS utilizes a proprietary management software suite that centralizes integrity data for predictive analytics and benchmark analysis, helping clients reduce risk, extend asset life, and optimize operational performance [3]
MISTRAS Group to Participate in Baird’s 55th Annual Global Industrial Conference on November 12, 2025
Globenewswire· 2025-10-16 12:00
Core Insights - MISTRAS Group will present at Baird's 55th Annual Global Industrial Conference on November 12, 2025, at 4:40 PM CT [1][2] - The presentation will be led by Natalia Shuman, President and CEO, and Edward Prajzner, Senior Executive Vice President and CFO [1] - MISTRAS Group specializes in technology-enabled industrial asset integrity solutions across various critical industries [3] Company Overview - MISTRAS Group, Inc. is a leader in industrial asset integrity solutions, serving sectors such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [3] - The company offers a diverse range of services, including non-destructive testing, pipeline inspections, real-time condition monitoring, and maintenance planning [3] - MISTRAS utilizes a proprietary management software suite for predictive analytics and benchmark analysis, aimed at reducing risk and optimizing operational performance [3]
MISTRAS Group Partnering with Villari to Offer Wireless Crack-Detection Sensors for Critical Steel Assets
Globenewswire· 2025-10-14 12:00
Company Overview - MISTRAS Group is a global leader in technology-enabled industrial asset integrity solutions, serving critical industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [5] - The company offers a diversified portfolio of products and services, including advanced non-destructive testing, pipeline inspections, real-time condition monitoring, and maintenance planning [5] Partnership Announcement - MISTRAS Group has partnered with Villari to integrate Villari's wireless crack-detection technology into its offerings, enhancing continuous, data-driven structural health monitoring for steel structures [1][3] - This collaboration aims to provide customers with real-time insights into asset health, reducing the need for manual inspections and improving safety and operational efficiency [2][3] Technology and Applications - Villari's system is the only known wireless monitoring technology that detects fatigue crack growth through passive magnetic flux leakage, allowing for earlier identification of cracks compared to traditional methods [2] - The integration of Villari's technology with MISTRAS' monitoring solutions enables predictive maintenance, helping customers minimize unplanned downtime and extend the life of critical infrastructure [4][6] Industry Impact - The partnership is expected to benefit various sectors, including wind turbines, oil & gas, bridges, ports, and steel manufacturing, by providing continuous monitoring and early detection of potential failures [6][7] - Villari's technology is trusted by leading operators across multiple industries, supporting critical assets in over a dozen countries worldwide [7]
MISTRAS Group Partners with Batchelor & Kimball to Deliver Advanced Inspection Solutions for Data Centers
Globenewswire· 2025-09-09 13:00
Core Insights - MISTRAS Group, Inc. has partnered with Batchelor & Kimball to enhance inspection and quality assurance for data center projects, addressing the growing demands of the digital economy [1][2] - The collaboration aims to combine B&K's expertise in complex mechanical systems with MISTRAS' advanced inspection capabilities, ensuring data centers are built for reliability and efficiency [2] Company Overview - MISTRAS Group, Inc. is a global leader in technology-enabled industrial asset integrity and testing solutions, serving critical industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [3] - The company offers a diversified portfolio of services, including non-destructive testing, pipeline inspections, real-time condition monitoring, and specialized engineering, supported by proprietary management software for predictive analytics [3] Partnership Details - The partnership will provide specialized inspection services for B&K's data center projects, ensuring that facilities are constructed to operate safely and efficiently [2] - MISTRAS and B&K aim to set a new standard for reliability, speed to market, and long-term performance in the data center sector, addressing the challenges of rapid growth and evolving technology [2]
MISTRAS to Provide Critical NDT Services for Bechtel on the Department of Energy’s Hanford Vit Plant
Globenewswire· 2025-08-27 13:00
Core Insights - MISTRAS Group has partnered with Bechtel on the Hanford Vit Plant Project, providing non-destructive testing (NDT) services to support the U.S. Department of Energy's mission to treat and stabilize nuclear waste [1][2][3] Company Overview - MISTRAS Group, Inc. is a global leader in technology-enabled industrial asset integrity and testing solutions, serving critical industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [5] - The company offers a diversified portfolio of products and services, including advanced non-destructive testing, pipeline inspections, real-time condition monitoring, maintenance planning, and specialized engineering [5] Project Details - The Hanford Vit Plant Project involves constructing a facility to process and vitrify high-level radioactive waste into a stable glass form for long-term storage, addressing environmental remediation challenges [2][4] - MISTRAS will provide various NDT services, including Radiography, Magnetic Particle Testing, Liquid Penetrant Testing, Positive Material Identification, Ultrasonic Thickness Testing, and Leak Testing, all performed by certified technicians [3][4] Strategic Importance - The partnership represents a key milestone in MISTRAS' diversification strategy, expanding its capabilities and market reach while maintaining high standards of quality and regulatory compliance [4] - Once completed, the Hanford Vit Plant will process millions of gallons of highly radioactive liquid waste, significantly contributing to the long-term health and safety of local communities and the environment [4]