---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-23-000020"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:49:26.885428+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001436126-23-000020
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436126/000143612623000020/0001436126-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612623000020/mg-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-23-000020
- JSON: https://secwatch.observer/filing/0001436126-23-000020.json
- Plain text: https://secwatch.observer/filing/0001436126-23-000020.txt

## Key facts
- Earnings Releases
  Mistras Group, Inc. reported financial results for first quarter of 2023.
  - Period: first quarter of 2023
  - Result: reported results
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612623000020/0001436126-23-000020-index.htm

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