earnings
confidence high
sentiment positive
materiality 0.75
Mistras Group Q2 revenue up 42.8% to $177.7M; net income $5.9M vs prior year loss
Mistras Group, Inc.
- Diluted EPS of $0.20 vs $(0.09) in prior year; adjusted EPS of $0.22 vs $(0.06).
- Adjusted EBITDA rose 96.5% to $22.6M (12.7% of revenue).
- Services segment revenue up 44.0% to $145.0M; International up 49.7% to $32.0M.
- Q3 2021 revenue guided to low-to-mid teens growth YoY; EBITDA expected higher than prior year but lower sequentially.
- Total debt reduced by $8.5M in first half; revised credit agreement to cut annual interest by ~$6M from Q3.