---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-22-000004"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2022-03-09T23:59:59+00:00"
generated_at: "2026-06-27T00:21:14.196316+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mistras Group 2021 revenue $677M, net income $3.9M after prior-year loss

## Summary
- Full-year 2021 revenue $677.1M (+14.3% organic); net income $3.9M vs prior net loss.
- Adjusted EBITDA $63.0M (+21.4%); margin 9.3% up 50 bps; free cash flow $23.0M.
- Gross debt reduced by $17.6M to $202.6M; net debt $178.5M at Dec 31, 2021.
- Services Q4 revenue $141.1M (+11.2%); International down 6.9% to $28.5M.
- Q1 2022 outlook: revenue low-single-digit growth, Adj. EBITDA essentially flat YoY.

## SEC filing metadata
- accession: 0001436126-22-000004
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2022-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000004/0001436126-22-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000004/mg-20220309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-22-000004
- JSON: https://secwatch.observer/filing/0001436126-22-000004.json
- Plain text: https://secwatch.observer/filing/0001436126-22-000004.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.