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MISTRAS Group Announces Strategic Leadership Appointments to Advance Governance, Cash Flow Discipline, and Infrastructure Growth
Globenewswire· 2026-01-28 14:00
Core Insights - MISTRAS Group has announced several strategic leadership appointments to enhance governance, financial discipline, and operational execution as part of its long-term growth strategy [1] Legal, Governance, and Risk Management - Eileen Coggins has been appointed as Executive Vice President, General Counsel, and Corporate Secretary, focusing on legal, compliance, governance, and enterprise risk management, reinforcing the company's commitment to strong governance and regulatory discipline [3] Working Capital and Cash Flow Execution - Istvan Bodo has been appointed Vice President of Working Capital Management, tasked with improving cash conversion, billing and collections efficiency, and liquidity, thereby supporting margin performance and balance sheet strength [4] Infrastructure Market Expansion - Philip Resciniti has been appointed Vice President of Building and Infrastructure, responsible for strategy and operational performance in civil infrastructure, transportation, and building services, aligning with the company's focus on long-duration infrastructure programs and public-sector investments [5] Company Overview - MISTRAS Group, Inc. is a global leader in technology-enabled industrial asset integrity and laboratory testing solutions, serving critical industries such as oil & gas, aerospace & defense, power & utilities, manufacturing, and civil infrastructure [6]
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 Announces Conference Call to Discuss Second Quarter Results on August 7, 2025
GlobeNewswire News Room· 2025-07-24 13:00
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 Group 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 August 7, 2025, at 9:00 am Eastern Time to present its second quarter results for 2025 [1] - A press release with the second quarter results will be issued after the market closes on August 6, 2025 [1] - Individuals can pre-register for the live question and answer session at a specified link [2]