---
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"
generated_at: "2026-06-22T13:17:06.249260+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Mistras Q3 revenue $178.5M (+2.2%); net income $4.4M; adjusts FY2022 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-22-000056
- JSON: https://secwatch.observer/filing/0001436126-22-000056.json
- Plain text: https://secwatch.observer/filing/0001436126-22-000056.txt

## Key facts
- Earnings Releases
  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.
  - Period: third quarter ended September 30, 2022
  - Revenue: $178.5 million
  - Net income: $4.4 million
  - EPS: $0.14 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/0001436126-22-000056-index.htm
- Earnings Releases
  Mistras Group, Inc. reported nine months ended September 30, 2022 results: revenue $519.2 million.
  - Period: nine months ended September 30, 2022
  - Revenue: $519.2 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/0001436126-22-000056-index.htm

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