---
schema_version: "secwatch.filing_event.v1"
accession: "0001436126-24-000018"
form_type: "8-K"
ticker: "MG"
cik: "0001436126"
company_name: "Mistras Group, Inc."
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:33:07.232193+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001436126-24-000018
- form_type: 8-K
- ticker: MG
- cik: 0001436126
- company_name: Mistras Group, Inc.
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000018/0001436126-24-000018-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000018/mg-20240306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-24-000018
- JSON: https://secwatch.observer/filing/0001436126-24-000018.json
- Plain text: https://secwatch.observer/filing/0001436126-24-000018.txt

## Key facts
- Earnings Releases
  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
  source text: the Company issued a press release announcing the financial results for our fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000018/0001436126-24-000018-index.htm

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