secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001436126-23-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000020/0001436126-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000020/mg-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001436126-23-000020

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