Mistras (US:MG) Globenewswire·2026-03-04 21:29Core Insights - MISTRAS Group, Inc. reported a solid quarterly revenue growth of 5.1%, with a gross profit margin expansion of 190 basis points, generating a net income of $3.9 million and earnings per diluted share of $0.12 for the fourth quarter of 2025 [1][6][8] - The company achieved a record fourth quarter adjusted EBITDA of $24.8 million, reflecting an 18.2% increase and an adjusted EBITDA margin of 13.7%, up 160 basis points [1][6][8] Financial Performance - Fourth Quarter 2025: - Revenue: $181.5 million, up 5.1% from $172.7 million in Q4 2024 [6][20] - Gross Profit: $51.5 million, with a gross margin of 28.4%, an increase of 190 basis points [6][20] - Net Income: $3.9 million, down from $5.3 million in Q4 2024; earnings per diluted share of $0.12 compared to $0.17 [8][20] - Adjusted EBITDA: $24.8 million, up 18.2% from $20.975 million in Q4 2024 [1][6][38] - Full Year 2025: - Revenue: $724.0 million, a slight decrease from $729.6 million in 2024 [6][20] - Gross Profit: $204.5 million, with a gross margin of 28.2%, an increase of 190 basis points [6][20] - Net Income: $16.8 million, down from $19.0 million in 2024; earnings per diluted share of $0.53 compared to $0.60 [8][20] - Adjusted EBITDA: $91.1 million, up 10.5% from $82.459 million in 2024 [1][6][38] Operational Highlights - The company emphasized disciplined execution and a focus on higher-return opportunities as key drivers of profitability improvement [4] - MISTRAS Group plans to continue investing in transforming and modernizing its platform to meet demand in targeted end markets, particularly in data integrity and digital inspection capabilities [4] Debt and Cash Flow - Gross debt as of December 31, 2025, was $178.0 million, compared to $169.6 million in 2024; net debt was $150.0 million, slightly down from $151.3 million [10] - Net cash provided by operating activities was $33.0 million for the year, a decrease from $50.1 million in the prior year [9]