secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2023-03-08T23:59:59+00:00
Accession:  0001436126-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mistras Q4 operating income +152% to $5.8M; net income $2.8M; 2023 guidance; former COO $436K severance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000011/0001436126-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000011/mg-20230303.htm
  HTML page:      https://secwatch.observer/filing/0001436126-23-000011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer