Highest-materiality recent filing
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.
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.
Max materiality 0.80 · Median 0.62 · Most common event earnings