---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-22-000023"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2022-05-03T23:59:59+00:00"
generated_at: "2026-06-26T01:23:26.655654+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Mistras Q1 revenue $161.7M (+5.2% organic); net loss $5.4M; Adj. EBITDA $5.5M

## Summary
- 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.

## SEC filing metadata
- accession: 0001436126-22-000023
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2022-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000023/0001436126-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000023/mg-20220503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-22-000023
- JSON: https://secwatch.observer/filing/0001436126-22-000023.json
- Plain text: https://secwatch.observer/filing/0001436126-22-000023.txt

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