Mistras Group

MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: Services, International Offers Services, and Products and Systems. The Services segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services. The International Offers Services segment offers services, products, and systems to markets within Europe, the Middle East, Africa, Asia except, China and South Korea, which are served by the Products and Systems segment, and South America. The Products and Systems segment designs, manufactures, sells, installs, and services the company's asset protection products and systems, including equipment and instrumentation, mainly in the United States. The company was founded by Sotirios J. Vahaviolos in 1978 and is headquartered in Princeton Junction, NJ.

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Earnings data Q4 2024

Mistras Group excels in Q4, poised for sustainable growth

Mistras Group's Q4 performance reflects financial strength, operational efficiency, and growth across sectors, driven by data solutions and cost discipline.
The company's strategic initiatives, like Project Phoenix, aim to accelerate growth and improve profitability, while the focus on digital products signals a positive market response.
With a solid outlook for 2023, Mistras Group is poised for sustainable growth, aiming to leverage opportunities in data solutions, core markets, and technology advancements.

Mistras Group reports robust Q1 performance and eyes strategic investments

Mistras Group's Q1 2023 performance reflects strong revenue growth, margin expansion, and strategic investments in technology and capabilities.
The company's focus on reducing debt, driving organic growth, and exploring investment options underscores its commitment to long-term value creation and sustainable expansion.
While challenges in balancing growth investments and debt reduction persist, Mistras Group's proactive approach positions it well to capitalize on market opportunities and drive future growth.

Mistras Group reports stable Q2 revenue, eyes growth in key sectors

Mistras Group's Q2 2023 earnings call highlighted a strategic focus on operational efficiency and value creation, leading to stable revenue and growth prospects. Despite challenges like project delays, the company's strengths in key markets and investments in high-growth areas position it well for future opportunities. With a strong performance in data solutions and promising sectors like aerospace and oil and gas, Mistras Group remains optimistic about its growth trajectory.

Mistras Group reports Q3 growth, eyes record EBITDA in 2024

Mistras Group's Q3 2023 performance showed positive revenue and margin trends.
Project Phoenix initiatives aim to drive savings and achieve record EBITDA in 2024.
Challenges include impairment charges and lower guidance for fiscal 2023.
Opportunities lie in organic and inorganic growth, data analytics, and customer relationships.

MISTRAS Group surpasses Q4 expectations, eyes record 2024 performance

MISTRAS Group's Q4 performance exceeded expectations, setting the stage for a promising 2024 with a focus on operational efficiency and growth initiatives.
Strategic changes in management and operations are driving financial performance improvements and unlocking intrinsic value for shareholders.
With a strong emphasis on Project Phoenix, cost-saving measures, and revenue growth strategies, the company is poised for sustainable success in the coming year.

Mistras Group excels in Q1 2024, eyes growth in Data Analytics and Aerospace

Mistras Group's strong Q1 2024 performance was driven by strategic initiatives and cost reductions. Despite challenges in Data Analytical Solutions, the company remains optimistic about meeting targets and sustaining growth momentum. Opportunities lie in expanding the Data Analytical Solutions segment and capitalizing on the aerospace sector's potential.

Mistras Group reports Q3 growth, eyes aerospace expansion opportunities

Mistras Group delivered solid Q3 results with revenue and EBITDA growth, improved cash flow, and reduced SG&A expenses.
The company is strategically positioned for growth with revised cash flow outlook, expansion plans, and revenue growth expectations.
Challenges include pricing impacts on downstream revenue and the ongoing CEO search, requiring careful navigation.
Opportunities lie in aerospace and defense sector growth, private space industry expansion, and international segment potential.

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MISTRAS Group, Inc. engages in the provision of technology-enabled asset protection solutions. The firm serves the oil and gas, aerospace, power, infrastructure, and manufacturing markets. It operates through the following segments: North America, International Offers Services, and Products and Systems. The North America segment provides asset protection solutions primarily in North America, consisting primarily of non-destructive testing, inspection, mechanical, and engineering services. The International Offers Services segment offers services, products, and systems to markets within Europe, the Middle East, Africa, Asia except, China and South Korea, which are served by the Products and Systems segment, and South America. The Products and Systems segment designs, manufactures, sells, installs, and services the company's asset protection products and systems, including equipment and instrumentation, mainly in the United States. The company was founded by Sotirios J. Vahaviolos in 1978 and is headquartered in Princeton Junction, NJ.

Mistras Group, Inc. (NYSE:MG ) Q4 2023 Earnings Conference Call March 7, 2024 9:00 AM ET Company Participants Manny Stamatakis - Chairman of the Board and Interim President and Chief Executive Officer Ed Prajzner - Senior Executive Vice President and Chief Financial Officer Conference Call Participants Mitchell Pinheiro - Sturdivant & Co. Chris Sakai - Singular Research Tim Moore - EF Hutton Brian Russo - Sidoti Operator Thank you for joining Mistras Group's Conference Call for its Fourth Quarter and Fiscal Year Ended December 31st, 2023. Participating on the call from Mistras Group will be Manny Stamatakis, the company's Chairman of the Board and Interim President and Chief Executive Officer; and Ed Prajzner, Senior Executive Vice President and Chief Financial Officer.

Mistras Group, Inc. (MG) Q4 2023 Earnings Call Transcript

Q4 2023 Revenue of $182.1 million, up 8.2% Q4 2023 Net Loss of $2.5 million reflecting $6.3 million of reorganization and other costs and $1.2 million of foreign currency exchange losses Q4 2023 Adjusted EBITDA (non-GAAP) of $19.2 million compared to $15.7 million in the prior year, up 22.0%; highest Q4 result historically Full Year 2023 Net Cash Provided by Operating Activities of $26.7 million consistent with the prior year, whereas Free Cash Flow (non-GAAP) of $3.1 million was lower than the prior year, reflecting increased strategic spend in expanding growth areas PRINCETON JUNCTION, N.J., March 06, 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 fourth quarter and year ended December 31, 2023.

MISTRAS Announces Fourth Quarter and Full Year 2023 Results

PRINCETON JUNCTION, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 7, 2024 at 9:00 am Eastern Time to discuss its results for the fourth quarter and fiscal year ended December 31, 2023. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 6, 2024.

MISTRAS Group Announces Conference Call To Discuss Fourth Quarter And 2023 Year-End Results On March 7, 2024

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MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 10:45 AM ET ON JANUARY 18, 2024 MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 10:45 AM ET ON JANUARY 18, 2024

MISTRAS Group to Participate in Sidoti Micro-Cap Virtual Investor Conference on January 17-18, 2024

Mistras Group's revenue growth has been mild, despite a strong business model and global scale. Management's execution has been poor, although the cyclical nature of its clientele has also impacted it. The industry is broadly attractive, however, with robust demand, a number of tailwinds (incl. clean energy and increased infrastructure spending), and technological innovation if led. MG's margin development has been underwhelming, although has reasonable scope for improvement through cost rationalization and digitalization.

Mistras Group: Trading Cheaply With Scope For Upside

Management Presentation to be Webcast Live at 10:45 AM ET on November 16, 2023 Management Presentation to be Webcast Live at 10:45 AM ET on November 16, 2023

MISTRAS Group to Participate in Sidoti Micro Cap Virtual Conference on November 15-16, 2023

Mistras Group, Inc. (MG) Q3 2023 Earnings Call Transcript

PRINCETON JUNCTION, N.J., Nov. 02, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, today provided an update on the status of Project Phoenix, the Company's strategic program to increase Income from Operations through reductions in corporate administrative overhead and enhancements to pricing.

MISTRAS Provides Update on Project Phoenix

Continued Revenue Growth in Commercial Aerospace and Data Analytical Solutions Markets Further Reductions in Quarterly Selling, General and Administrative expenses Provides Update on Project Phoenix and Preliminary Anticipated Impact on 2024 Outlook PRINCETON JUNCTION, N.J., Nov. 02, 2023 (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 third quarter and nine months ended September 30, 2023.

MISTRAS Announces Third Quarter 2023 Results

PRINCETON JUNCTION, N.J., Oct. 27, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Friday, November 3, 2023 at 9:00 am Eastern Time to discuss its results for the third quarter of 2023. A press release with the third quarter results will be issued after the close of market on Thursday, November 2, 2023.

MISTRAS Group Announces Conference Call to Discuss Third Quarter Results on November 3, 2023

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Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market. In our search for companies with potential and with the aim of minimizing errors, we rule out companies that are highly indebted, poorly managed, and that present a high regulatory.

Horos Asset Management Quarterly Letter To Our Co-Investors - October 2023

PRINCETON JUNCTION, N.J., Oct. 12, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG) has announced the granting of stock options following the recent appointment of Manuel N. Stamatakis as the company's new Chairman of the Board and Interim President and Chief Executive Officer.

MISTRAS Group Announces Grant of Stock Options Following Appointment of New Interim President and CEO

Dr. Sotirios J. Vahaviolos Appointed Chairman Emeritus Mr.

MISTRAS Group Announces Major Leadership Transition

Transformation of Products & Systems' Segment to Refocus on Core Acoustic Emission (AE) Technology Implementation of First Project Phoenix Initiative of the Products and Systems' Segment Expected to Increase Adjusted EBITDA by Approximately $4.0 Million in Fiscal 2024 Appointment of Gennaro “Jerry” D'Alterio as Executive Vice President and Chief Commercial Officer to accelerate development of new revenue growth strategies PRINCETON JUNCTION, N.J., Oct. 02, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, today announced the implementation of the first Project Phoenix initiative - a reorganization of the Company's Products & Systems segment that is expected to increase Adjusted EBITDA by $4.0 Million in Fiscal 2024.

MISTRAS Provides Update on Products & Systems' Segment and Project Phoenix; Appoints Gennaro (Jerry) D'Alterio as Executive Vice President and Chief Commercial Officer

Mistras Group booked weak Q2 2023 results with revenues down 1.7% while adjusted EBITDA declined by 16.4% to $15.3 million. The second half of the year should be good as the adjusted EBITDA guidance for the full year barely changed. The EV has decreased below $330 million over the past few days, and I think MG is starting to look undervalued once again.

Mistras Group Is Starting To Look Cheap After Recent Selloff (Rating Upgrade)

Management Presentation to Be Webcast Live at 10:00 AM ET on August 17 Management Presentation to Be Webcast Live at 10:00 AM ET on August 17

MISTRAS Group to Participate in Sidoti Micro-Cap Virtual Conference on August 16-17, 2023

Mistras Group, Inc. (NYSE:MG ) Q2 2023 Results Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Dennis Bertolotti - President and Chief Executive Officer Edward Prajzner - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Mitchell Pinheiro - Sturdivant & Co. Chris Sakai - Singular Research Brian Russo - Sidoti & Company Operator Good day. And thank you for standing by.

Mistras Group, Inc. (MG) Q2 2023 Earnings Call Transcript

Strong revenue growth in key markets - Commercial Aerospace and Data Solutions including OnStream Pipeline Selling, General and Administrative expenses reduced by $1.3 million or 3.1% on a quarterly sequential basis Significant Operating Cashflow increase of 134.6% for the first half of 2023 to $18.3 million

MISTRAS Announces Second Quarter and First Half 2023 Results

PRINCETON JUNCTION, N.J., July 28, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, August 3, 2023 at 9:00 am Eastern Time to discuss its results for the second quarter of 2023. A press release with the second quarter results will be issued after the close of market on Wednesday, August 2, 2023.

MISTRAS Group Announces Conference Call to Discuss Second Quarter Results on August 3, 2023

PRINCETON JUNCTION, N.J., June 22, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) – a leading "one source" multinational provider of integrated technology-enabled asset protection solutions – announced today that it is set to rejoin the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19, 2023.

MISTRAS Group Set To Rejoin Russell 3000® Index

Management Presentation to Be Webcast Live at 11:30 AM ET on June 22, 2023 Management Presentation to Be Webcast Live at 11:30 AM ET on June 22, 2023

MISTRAS Group to Participate in Singular Research's Summer Solstice Conference on June 22, 2023

Management Presentation to be Webcast Live at 1:45 PM ET on June 14, 2023 Management Presentation to be Webcast Live at 1:45 PM ET on June 14, 2023

MISTRAS Group to Participate in Sidoti Small-Cap Virtual Conference on June 14-15, 2023

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Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market.

Horos Asset Management Quarterly Letter To Our Co-Investors - May 2023

Mistras Group, Inc. (NYSE:MG ) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Dennis Bertolotti - President & Chief Executive Officer Edward Prajzner - Executive Vice President & Chief Financial Officer Conference Call Participants Chris Sakai - Singular Research Mitchell Pinheiro - Sturdivant & Co. Brian Russo - Sidoti & Company Operator Thank you for joining Mistras Group's Conference Call for its First Quarter Ended March 31, 2023. My name is Jada and I'll be your event manager today.

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