secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001436126-24-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612624000018/0001436126-24-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612624000018/mg-20240306.htm
  HTML page:      https://secwatch.observer/filing/0001436126-24-000018

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