Mistras Q4 revenue up 8.2% to $182.1M; Adjusted EBITDA $19.2M (+22% YoY); guides FY2024 EBITDA $84-89M

Mistras Group, Inc.

Q4 2023 revenue $182.1M (+8.2% YoY); net loss $2.5M ($0.08 loss per share) includes $6.3M reorganization costs.
Full year 2023 revenue $705.5M (+2.6%); Adjusted EBITDA $65.8M (+13.2%); net loss $17.5M including $12.3M restructuring and $13.8M goodwill impairment.
FY2024 guidance: revenue $725-750M, Adjusted EBITDA $84-89M, Free Cash Flow $34-38M, with ~$20M Project Phoenix savings.
Oil & Gas revenue +13.4%, Aerospace & Defense +15.3%, Industrials +24.3% in Q4; Power Generation declined.
Operating cash flow $26.7M in 2023, Free Cash Flow $3.1M (down from $13.0M) due to higher capex for strategic growth.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Mistras Group, Inc. updated its fourth quarter and year ended December 31, 2023 guidance (reaffirmed).

Period: fourth quarter and year ended December 31, 2023
Guidance: reaffirmed
Result: reported results

Exact text from the filing

the Company issued a press release announcing the financial results for our fourth quarter and year ended December 31, 2023.

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Source: SEC EDGAR

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