Mistras (US:MG) Globenewswire·2025-11-04 21:53Core 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].