secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001436126-23-000032
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000032/0001436126-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612623000032/mg-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001436126-23-000032

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