earnings
confidence high
sentiment neutral
materiality 0.65
Mistras Q1 revenue $161.7M (+5.2% organic); net loss $5.4M; Adj. EBITDA $5.5M
Mistras Group, Inc.
2023-Q1 EPS reported
-$0.18
revenue$161,662,000
- Revenue $161.7M (+5.2% organic); net loss $5.4M unchanged YoY; adjusted EBITDA $5.5M vs $7.0M.
- Services revenue $132.9M (+7% YoY); gross margin down 200bps to 23% on higher healthcare costs.
- International revenue $28.1M (+7.5% organic in local currency); gross margin up 150bps to 29.1%.
- Free cash flow -$8.6M vs -$1.2M; net debt $188.9M vs $178.5M at Dec 31, 2021.
- FY2022 guidance: revenue $695-715M, Adj. EBITDA $65-69M, free cash flow $27-30M.