Highest-materiality recent filing
Mistras Q2 revenue up 4.2% to $193.1M, record adjusted EBITDA; raises FY2026 guidance
Q2 revenue $193.1M, +4.2% YoY, driven by Infrastructure, Power Generation, and Aerospace & Defense demand.
All seven director nominees elected; for votes ranged from 96.7% to 99.5% of votes cast excluding broker non-votes.
Mistras Q1 revenue $169M +4.6%, GAAP net income $2.4M vs prior-year loss
GAAP net income of $2.4M ($0.07 diluted EPS) compared to a net loss of $4.3M a year ago.
Mistras Group Q4 revenue $181.5M (+5.1%); net income $3.9M; record Adjusted EBITDA $24.8M
Q4 revenue $181.5M (+5.1% YoY); net income $3.9M, diluted EPS $0.12.
Mistras Q3 revenue $195.5M (+7% YoY), net income $13.1M, record Adj. EBITDA $30.2M
Revenue $195.5M (+7.0% YoY); gross profit margin 29.8% (+300 bps).
Mistras awards CEO Natalia Shuman 25,000 RSUs and 35,000 options at $9.71
25,000 RSUs granted Sept 8, 2025; vest 1/3 annually on Sept 8 of 2026-2028.
Mistras Q2 2025 revenue $185.4M, flat YoY; net income $3.0M; adjusted EBITDA record $24.1M
Revenue $185.4M down 2.3% YoY, flat excluding voluntary lab consolidations; gross profit margin expanded 200 bps to 29.1%.
All seven director nominees elected with >25M votes for; broker non-votes ~3.4M.
Mistras Q1 revenue falls 12.4% to $161.6M; net loss of $3.2M, Adjusted EBITDA $12.0M
Revenue of $161.6M, down 12.4% YoY; gross profit margin improved 30bps to 25.3%.
Mistras FY 2024 net income up 209% to $19.0M; Adj EBITDA up 25.3% to $82.5M
Revenue grew 3.4% to undisclosed base; net income $19.0M vs $6.2M prior year.
Mistras Group terminates EVP and President of Services John Smith without cause
John Smith, Executive VP and President of Services, terminated on Feb 7, 2025.
MISTRAS founder Dr. Sotirios Vahaviolos passes away; company affirms continuity
Dr. Sotirios Vahaviolos, founder and Chairman Emeritus, passed away on February 6, 2025.
Mistras Group finalizes Executive Chairman Stamatakis pay; base $725K, option for 375K shares
Base salary $725,000, target bonus 100% of base (0-200% range), target equity 200% of base (0-200% range).
Mistras Group enters employment agreement with CFO Edward Prajzner effective Jan 1, 2025
Base salary $500K, target annual bonus 100% of base, auto allowance $10,100.
Mistras Group appoints Hani Hammad as COO effective Jan 1, 2025
Hani Hammad, previously EVP and Chief Transformation Officer, appointed COO effective Jan 1, 2025, reporting to CEO Natalia Shuman.
Mistras Group appoints Natalia Shuman as CEO effective Jan 1, 2025
Natalia Shuman (Shuman-Fabbri) named President and CEO; succeeds Manuel Stamatakis who remains Executive Chairman.
Mistras Q3 revenue $182.7M up 1.9%; net income $6.4M ($0.20 EPS); adj. EBITDA $23.3M (+11.5%)
Revenue $182.7M, +1.9% YoY; gross profit $54.6M, margin 29.9%.
Mistras Q3 revenue $182.7M (+1.9%), net income $6.4M, Adjusted EBITDA +11.5%
Revenue of $182.7M, up 1.9% YoY; gross margin 29.9% vs. prior year comparable.
Mistras Group adopts executive severance plan effective Oct 2023; corrects prior filing error
Plan covers U.S.-based EVP and above, plus SVPs designated by CEO with Compensation Committee concurrence.
Mistras Q2 revenue up 7.8% to $189.8M; net income $6.4M, Adjusted EBITDA up 44.6%
Revenue $189.8M (+7.8% YoY); gross profit margin 29.6%, up 140 bps.
Mistras awards Chairman/Interim CEO 125k RSUs; shareholders approve LTIP amendment
125,000 RSUs awarded to Chairman/Interim CEO Manuel Stamatakis, vesting May 14, 2025.
MISTRAS Q1 revenue $184.4M (+9.8%); net income $1.0M vs loss $5.0M YoY; Adj. EBITDA $16.2M (+55.1%)
Revenue $184.4M, up 9.8%; highest Q1 revenue since 2018.
Q4 2023 revenue $182.1M (+8.2% YoY); net loss $2.5M ($0.08 loss per share) includes $6.3M reorganization costs.
Amended credit agreement with JPMorgan allows $15M in non-recurring cash charges added back to EBITDA for 2023-2024 periods, up from $10M.
Mistras Group finalizes separation with ex-CEO Bertolotti; severance ~$1.9M plus equity vesting
Lump sum cash payment of $1,229,130 and additional $645,870 in installments over 18 months.
MISTRAS Q3 net loss $10.3M; lowers 2023 guidance; Project Phoenix targets $30M 2024 benefit
Q3 revenue $179.4M (+0.5% YoY); net loss $10.3M from $13.8M goodwill impairment in International segment.
Mistras Chairman Vahaviolos retires, becomes Strategic Advisor; interim CEO granted 250k options
Sotirios Vahaviolos retired as Executive Chairman, becomes Strategic Advisor to CEO; total comp unchanged at $300k ($100k salary + $200k director fees).
Founder Sotirios Vahaviolos retires as Executive Chairman, becomes Chairman Emeritus.
MISTRAS Q2 revenue $176M (-1.7% YoY); net income $0.3M vs $4.6M; guidance cut
Q2 revenue $176M, down 1.7% YoY; GAAP net income $0.3M vs $4.6M prior year.
Mistras Group Q2 2023: Revenue $176M (-1.7%); net income $0.3M vs $4.6M; guides FY EBITDA $68-71M
Q2 revenue $176.0M, down 1.7% YoY; GAAP net income $0.3M vs $4.6M prior year.
All eight director nominees elected with 21.9M to 23.4M votes for; broker non-votes 3.19M.
Mistras Q1: Revenue $168M (+3.9%), Adj EBITDA $10.4M (+88%), gross margin +270bps
Revenue $168M, up 5.5% constant currency; net loss narrowed to $5.0M from $5.4M.
Mistras Group dismisses KPMG, appoints PwC as auditor for FY 2023
On March 29, 2023, Mistras Group dismissed KPMG and engaged PwC as independent auditor for the year ending Dec 31, 2023.
Q4 revenue $168.2M; operating income $5.8M (+152% YoY); net income $2.8M ($0.09 diluted EPS).
Mistras Group COO Jonathan Wolk departs immediately; AlixPartners hired for operational review
Jonathan Wolk's active employment as COO ceased immediately, with severance per prior proxy terms.
Mistras Q3 revenue $178.5M (+2.2%); net income $4.4M; adjusts FY2022 guidance
Net income $4.4M ($0.14 diluted EPS), up 29.4% vs Q3 2021; Adjusted EBITDA $18.6M flat.
Mistras Q2 revenue $179M (+0.8%); net income $4.6M; reaffirms FY guidance
Q2 revenue $179.0M (+0.8% YoY, +3.2% ex-FX); net income $4.6M ($0.15 diluted EPS).
Mistras enters $315M credit facility, upsizing by ~$100M and extending maturity to 2027
$125M term loan A plus $190M revolving credit facility; total borrowing capacity of $315M.
Mistras Group shareholders elect 8 directors, approve 1.2M-share LTIP increase
All eight director nominees elected; highest vote for Nicholas DeBenedictis at 24.8M, lowest for Manuel Stamatakis at 20.0M.
Mistras Q1 revenue $161.7M (+5.2% organic); net loss $5.4M; Adj. EBITDA $5.5M
Revenue $161.7M (+5.2% organic); net loss $5.4M unchanged YoY; adjusted EBITDA $5.5M vs $7.0M.
Mistras furnishes 2021 annual report pages with Oil & Gas revenue breakdown by segment and geography
Selected pages from 2021 annual report furnished as Exhibit 99.1.
Mistras Group 2021 revenue $677M, net income $3.9M after prior-year loss
Full-year 2021 revenue $677.1M (+14.3% organic); net income $3.9M vs prior net loss.
Mistras Q3 revenue $174.6M (+18% YoY), net income up 122% to $0.11 EPS
Revenue $174.6M, up 18% YoY; operating income $9.2M, up 60.8%; net income $3.4M ($0.11 diluted EPS).
Mistras Group Q2 revenue up 42.8% to $177.7M; net income $5.9M vs prior year loss
Diluted EPS of $0.20 vs $(0.09) in prior year; adjusted EPS of $0.22 vs $(0.06).
On February 7, 2025, Mistras Group, Inc. (the "Company") terminated the employment of its Executive Vice President, and President of Services, John Smith.
Effective December 6, 2023, Mistras Group, Inc. (the “Company”) entered into a Separation Agreement and a General Release of Claims (collectively, the “Separation Agreement”) with Dennis Bertolotti, the former President and Chief Executive Officer of the Company, who was terminated from his positions on October 9, 2023.
Mistras Group, Inc. (the “Company”) announced on October 9, 2023, that its then Executive Chairman, Sotirios Vahaviolos, was retiring as Chairman.
On October 9, 2023, Sotirios Vahaviolos, Executive Chairman of the Board (the “Board”) of Mistras Group, Inc. (the “Company”), retired as Executive Chairman but will remain on the Board as Chairman Emeritus.
the Board elected Manuel N. Stamatakis (currently the Company’s Lead Director, Chairman of the Corporate Governance Committee and member of the Audit, Compensation, and Environmental, Social and Safety Committees) to serve as Chairman of the Board to succeed Dr. Vahaviolos.
On October 9, 2023, the Board also approved the termination without cause of Dennis Bertolotti as the Company’s President and Chief Executive Officer, effective immediately.
the Board appointed James J. Forese, currently a member of the Board and Chairman of the Audit Committee, as Lead Director and Chairman of the Corporate Governance Committee.
the Board appointed Mr. Stamatakis to serve as interim President and Chief Executive Officer until a permanent President and Chief Executive Officer has been appointed.
On February 8, 2023, Mistras Group, Inc. (the "Company") notified its Senior Executive Vice President and Chief Operating Officer, Jonathan Wolk, that his active employment would cease immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings