secwatch.observer — SEC 8-K summary
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Issuer:     Mistras Group, Inc. (MG)
CIK:        0001436126
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001436126-24-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/0001436126-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1436126/000143612624000029/mg-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001436126-24-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer