earnings
confidence high
sentiment positive
materiality 0.75
Mistras Q4 operating income +152% to $5.8M; net income $2.8M; 2023 guidance; former COO $436K severance
Mistras Group, Inc.
- Q4 revenue $168.2M; operating income $5.8M (+152% YoY); net income $2.8M ($0.09 diluted EPS).
- Full year revenue $687.4M (+1.5% reported, +3.7% organic); net income $6.5M ($0.21 diluted EPS, +68% YoY).
- 2022 adjusted EBITDA $58.2M (down from $63.0M in 2021); free cash flow $13.0M (down from $23.0M).
- 2023 guidance: revenue $710-740M; adjusted EBITDA $70-75M; free cash flow $30-33M.
- Former COO Jonathan Wolk terminated Feb 8; separation agreement provides $436,100 over 19 months, plus RSU vesting.