Mistras Group, Inc. reported first quarter ended March 31, 2026 results: revenue $169.0 million, net income $2.4 million, EPS $0.07.
“• Revenue of $169.0 million , an increase of 4.6%, driven by strong growth of 35.5% in Aerospace & Defense • Gross profit of $ 44.7 million , reflecting a gross profit margin of 26.5%, an increase of 120 basis points • Income from Operations of $4.7 million, an increase of $5.7 million, or 562.6% • GAAP net income of $2.4 million, with earnings per diluted share of $0.07 • Adjusted EBITDA of $14.3 million”
John Smith was terminated as Executive Vice President, and President of Services at Mistras Group, Inc..
“On February 7, 2025, Mistras Group, Inc. (the "Company") terminated the employment of its Executive Vice President, and President of Services, John Smith.”
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.
“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”
Earnings Releases
Mistras Group, Inc. updated its fourth quarter and year ended December 31, 2023 guidance (reaffirmed).
“the Company issued a press release announcing the financial results for our fourth quarter and year ended December 31, 2023.”
Material Agreements
Mistras Group, Inc. amended First Amendment with JPMorgan Chase Bank N.A. valued at $10 million to $15 million (effective 2024-02-27).
“On February 27, 2024, Mistras Group, Inc. entered into the First Amendment (the “Amendment”) to its existing Credit Agreement (the “Credit Agreement”), dated August 1, 2022, with JPMorgan Chase Bank N.A., as administrative agent for the lenders and a lender and the other lenders under the Credit Agreement.”
Dennis Bertolotti was terminated as President and Chief Executive Officer at Mistras Group, Inc..
“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.”
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