secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2022-05-03T23:59:59+00:00
Accession:  0001436126-22-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612622000023/0001436126-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612622000023/mg-20220503.htm
  HTML page:      https://secwatch.observer/filing/0001436126-22-000023

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