{"schema_version":"secwatch.filing_event.v1","accession":"0001436126-23-000034","form_type":"8-K/A","ticker":"MG","cik":"0001436126","company_name":"Mistras Group, Inc.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.917913+00:00","generated_at":"2026-06-12T12:41:03.865165+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MISTRAS Q2 revenue $176M (-1.7% YoY); net income $0.3M vs $4.6M; guidance cut","bullets":["Q2 revenue $176M, down 1.7% YoY; GAAP net income $0.3M vs $4.6M prior year.","Adjusted EBITDA $15.3M, down 16.4% from $18.3M; H1 Adj EBITDA up 7.9% to $25.7M.","Project Phoenix cost savings $6.2M annualized, $5.1M expected in 2023; SG&A cut $1.3M sequentially.","Updated 2023 guidance: revenue $700-720M, Adj EBITDA $68-71M, Free Cash Flow $23-25M.","Operating cash flow $18.3M H1, up 134.6%; gross debt $183.7M, down $5.6M in Q2."],"urls":{"canonical":"https://secwatch.observer/filing/0001436126-23-000034","json":"https://secwatch.observer/filing/0001436126-23-000034.json","markdown":"https://secwatch.observer/filing/0001436126-23-000034.md","text":"https://secwatch.observer/filing/0001436126-23-000034.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436126/000143612623000034/0001436126-23-000034-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436126/000143612623000034/mg-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T12:41:03.865165+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"dec9b383450cd0d3c54aa18234a5c800e64e1320","claim":"Mistras Group, Inc. reported second quarter and six months ended June 30, 2023 results: revenue Revenue of $176.0 million, net income GAAP Net income of $0.3 million.","evidence_excerpt":"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_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436126/000143612623000034/0001436126-23-000034-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter and six months ended June 30, 2023"},{"label":"Revenue","value":"Revenue of $176.0 million"},{"label":"Net income","value":"GAAP Net income of $0.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}