{"schema_version":"secwatch.filing_event.v1","accession":"0001436126-22-000056","form_type":"8-K","ticker":"MG","cik":"0001436126","company_name":"Mistras Group, Inc.","filed_at":"2022-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.648179+00:00","generated_at":"2026-06-22T13:17:06.249260+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Mistras Q3 revenue $178.5M (+2.2%); net income $4.4M; adjusts FY2022 guidance","bullets":["Net income $4.4M ($0.14 diluted EPS), up 29.4% vs Q3 2021; Adjusted EBITDA $18.6M flat.","Services segment revenue $152.8M (+5.4%) record Q3; Aerospace & Defense revenue up 27%.","Guidance updated: FY2022 revenue $683-693M, Adj. EBITDA $53-58M, free cash flow $15-18M.","Completed bank refinancing: upsized liquidity, lowered effective credit spread, increased covenant flexibility.","Foreign exchange headwinds expected to reduce FY2022 revenue ~$15M and Adj. EBITDA ~$2M."],"urls":{"canonical":"https://secwatch.observer/filing/0001436126-22-000056","json":"https://secwatch.observer/filing/0001436126-22-000056.json","markdown":"https://secwatch.observer/filing/0001436126-22-000056.md","text":"https://secwatch.observer/filing/0001436126-22-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/0001436126-22-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/mg-20221102.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T13:17:06.249260+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b1e71356669ca4b2f34cfdc0afac116afe45ae13","claim":"Mistras Group, Inc. reported third quarter ended September 30, 2022 results: revenue $178.5 million, net income $4.4 million, EPS $0.14 per diluted share.","evidence_excerpt":"Revenue of $178.5 million, up 2.2%, a 5.1% increase excluding the impact of unfavorable foreign currency exchange** • Gross profit of $53.8 million, with gross profit margin of 30.1%, a 20 basis points increase • Income from operations of $9.1 million, essentially flat with prior year • Net income of $4.4 million or $0.14 per diluted share, up 29.4% and 27.3%, respectively • Adjusted EBITDA of $18.6 million, essentially flat with prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/0001436126-22-000056-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"$178.5 million"},{"label":"Net income","value":"$4.4 million"},{"label":"EPS","value":"$0.14 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f527dffa5504bacd70549c1f3b6bcee247a3c02f","claim":"Mistras Group, Inc. reported nine months ended September 30, 2022 results: revenue $519.2 million.","evidence_excerpt":"Revenue of $519.2 million, up 2.6%, a 4.8% increase excluding the impact of unfavorable foreign currency exchange** • Gross profit of $147.2 million, essentially flat with prior year • Interest expense of $6.8 million, a decrease of 21.9% • Gross debt of $201.2 million and Net debt of $183.1 million","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/0001436126-22-000056-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"nine months ended September 30, 2022"},{"label":"Revenue","value":"$519.2 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}