secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001436126-22-000056
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/0001436126-22-000056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612622000056/mg-20221102.htm
  HTML page:      https://secwatch.observer/filing/0001436126-22-000056

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