---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-23-000032"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:41:30.492335+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001436126-23-000032
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1436126/000143612623000032/0001436126-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612623000032/mg-20230802.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-23-000032
- JSON: https://secwatch.observer/filing/0001436126-23-000032.json
- Plain text: https://secwatch.observer/filing/0001436126-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612623000032/0001436126-23-000032-index.htm

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