Mistras Q1: Revenue $168M (+3.9%), Adj EBITDA $10.4M (+88%), gross margin +270bps

Mistras Group, Inc.

2023-Q1 EPS reported -$0.17 revenue$168,016,000

Revenue $168M, up 5.5% constant currency; net loss narrowed to $5.0M from $5.4M.
Adjusted EBITDA $10.4M (+88% YoY); leverage ratio improved to 3.25x, lowest since 2018.
Data Solutions grew >35% and now 10% of total revenue (vs 7.7% a year ago).
Full-year guidance reaffirmed: rev $710-740M, Adj EBITDA $70-75M, FCF $30-33M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Mistras Group, Inc. reported financial results for first quarter of 2023.

Period: first quarter of 2023
Result: reported results

Exact text from the filing

On May 3, 2023, Mistras Group, Inc. (the "Company," "we," "us" and "our") issued a press release announcing the financial results for our first quarter of 2023, which ended March 31, 2023.

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Mistras Group, Inc. filing history →

Source: SEC EDGAR

accession 0001436126-23-000020

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