earnings
confidence high
sentiment positive
materiality 0.75
Mistras Q2 revenue $179M (+0.8%); net income $4.6M; reaffirms FY guidance
Mistras Group, Inc.
- Q2 revenue $179.0M (+0.8% YoY, +3.2% ex-FX); net income $4.6M ($0.15 diluted EPS).
- Adjusted EBITDA $18.3M; operating cash flow $13.2M; free cash flow $9.3M.
- Aerospace & Defense H1 revenue up 28.4%; Services segment rev $149.5M (+3.1%).
- Reaffirms FY2022 guidance: rev $695-715M, Adj. EBITDA $65-69M, FCF $27-30M.
- Gross debt cut to $200.4M; net debt $181.8M; quarterly interest expense down 32.9%.