Mistras Group Q2 2023: Revenue $176M (-1.7%); net income $0.3M vs $4.6M; guides FY EBITDA $68-71M

Mistras Group, Inc.

Q2 revenue $176.0M, down 1.7% YoY; GAAP net income $0.3M vs $4.6M prior year.
Adjusted EBITDA $15.3M, down 16.4% YoY; H1 Adjusted EBITDA $25.7M, up 7.9% YoY.
Commercial Aerospace, OnStream ILI, and Data Solutions posted strong double-digit growth.
Cost savings (Project Phoenix) yielded $5.1M in 2023; annualized target $6.2M.
FY2023 guidance: revenue $700-720M, Adjusted EBITDA $68-71M, Free Cash Flow $23-25M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Mistras Group, Inc. reported second quarter and six months ended June 30, 2023 results: revenue Revenue of $176.0 million, down 1.7%, net income GAAP Net income of $0.3 million.

Period: second quarter and six months ended June 30, 2023
Revenue: Revenue of $176.0 million, down 1.7%
Net income: GAAP Net income of $0.3 million
Result: reported results

Exact text from the filing

asset protection solutions, reported financial results for its second quarter and six months ended June 30, 2023. Highlights of the Second Quarter 2023* • Revenue of $176.0 million, down 1.7% • Gross profit of $49.7 million, with gross profit margin of 28.2% • GAAP Net income of $0.3 million, with Adjusted EBITDA of $15.3 million • Operating Cash Flow of

View on SEC.gov

Browse all earnings releases →

Mistras Group, Inc. filing history →

Source: SEC EDGAR

accession 0001436126-23-000032

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.