secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001436126-21-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Group Q2 revenue up 42.8% to $177.7M; net income $5.9M vs prior year loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612621000035/0001436126-21-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612621000035/mg-20210802.htm
  HTML page:      https://secwatch.observer/filing/0001436126-21-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer