---
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"
generated_at: "2026-06-03T02:38:47.301975+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# MISTRAS Q1 revenue $184.4M (+9.8%); net income $1.0M vs loss $5.0M YoY; Adj. EBITDA $16.2M (+55.1%)

## Summary
- 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.

## SEC filing metadata
- 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
- 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/1436126/000143612624000029/0001436126-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/mg-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001436126-24-000029
- JSON: https://secwatch.observer/filing/0001436126-24-000029.json
- Plain text: https://secwatch.observer/filing/0001436126-24-000029.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $184.4 million
  - Net income: Net income of $1.0 million
  - EPS: $0.03 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/0001436126-24-000029-index.htm

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