{"schema_version":"secwatch.filing_event.v1","accession":"0001436126-24-000029","form_type":"8-K","ticker":"MG","cik":"0001436126","company_name":"Mistras Group, Inc.","filed_at":"2024-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.411248+00:00","generated_at":"2026-06-03T02:38:47.301975+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"MISTRAS Q1 revenue $184.4M (+9.8%); net income $1.0M vs loss $5.0M YoY; Adj. EBITDA $16.2M (+55.1%)","bullets":["Revenue $184.4M, up 9.8%; highest Q1 revenue since 2018.","Net income $1.0M ($0.03 EPS) vs net loss $5.0M (($0.17) EPS) prior year.","Adjusted EBITDA $16.2M, up 55.1% from $10.4M; highest Q1 historically.","Reaffirms 2024 guidance: revenue $725-750M, Adj. EBITDA $84-89M, free cash flow $34-38M.","SG&A down $1.6M YoY to $41.2M due to Project Phoenix savings; expects SG&A ~21% of full-year revenue."],"urls":{"canonical":"https://secwatch.observer/filing/0001436126-24-000029","json":"https://secwatch.observer/filing/0001436126-24-000029.json","markdown":"https://secwatch.observer/filing/0001436126-24-000029.md","text":"https://secwatch.observer/filing/0001436126-24-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/0001436126-24-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/mg-20240501.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T02:38:47.301975+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":"c43241f53c18688f72a35f67e93ae52b35c00cc1","claim":"Mistras Group, Inc. reported first quarter ended March 31, 2024 results: revenue $184.4 million, net income Net income of $1.0 million, EPS $0.03 per share. Guidance reaffirmed.","evidence_excerpt":"MISTRAS Announces First Quarter 2024 Results Q1 2024 Revenue of $184.4 million, up 9.8% from the prior year period; highest Q1 Revenue since 2018 Q1 2024 Net Income of $1.0 million, reflecting an improvement from a net loss of $5.0 million in the prior year period Q1 2024 Adjusted EBITDA (non-GAAP) of $16.2 million compared to $10.4 million in the prior year period, up 55.1%; highest Q1 result historically PRINCETON JUNCTION, N.J., May 1, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading \"one source\" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its first quarter ended March 31, 2024. Highlights for the First Quarter 2024* • Revenue of $184.4 million, an increase of 9.8% • Gross profit of $51.1 million, an increase of 10.9%, with gross profit margin of 27.7%, an increase of 30 basis points due to improved operating leverage and strong Aerospace growth, partially offset by higher healthcare claims expe","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/0001436126-24-000029-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$184.4 million"},{"label":"Net income","value":"Net income of $1.0 million"},{"label":"EPS","value":"$0.03 per share"},{"label":"Guidance","value":"reaffirmed"},{"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"}