Mistras Group, Inc. provides technology-enabled asset protection solutions worldwide. The company operates through three segments: Services, International, and Products and Systems. It offers non-destructive testing services, as well as predictive maintenance assessments of fixed and rotating assets, and inline inspection for pipelines; and engineering consulting services primarily for process equipment, technologies, and facilities. The company also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; develops enterprise inspection database management software and plant condition management software for process industries and equipment; and utilizes scaffolding and rope access to access at-height and confined assets. In addition, it offers certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for a range of inspection applications; online condition-monitoring solutions; various Web-based solutions; and custom-developed software for an automated data analysis. Further, the company provides quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. The company also designs, manufactures, sells acoustic emission sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures, as well as automated ultrasonic systems and scanners. It serves oil and gas, commercial aerospace and defense, fossil and nuclear power, alternative and renewable energy, public infrastructure, chemicals, transportation, primary metals and metalworking, pharmaceutical/biotechnology, and food processing industries, as well as research and engineering institutions. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.
IPO Year: 2009
Exchange: NYSE
Website: mistrasgroup.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2022 | Underperform → Neutral | BofA Securities |
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8-K/A - Mistras Group, Inc. (0001436126) (Filer)
Reinvigorated senior leadership with recently on-boarded, high-caliber positions with proven industry experience, to focus on delivering value to customers Integrated Data Solutions capabilities for customers worldwide combining data-centric services, software solutions, and technology, to evolve a scalable, full life cycle asset protection ecosystem Unified accredited laboratories with integrated service capabilities, to significantly reduce cycle times, increase speed to market and simplify quality assurance across Aerospace and Defense platform PRINCETON JUNCTION, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of
PRINCETON JUNCTION, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 8, 2025, at 9:00 am Eastern Standard Time to present its results for the first quarter of 2025. A press release with the first quarter results will be issued after the close of market on Wednesday, May 7, 2025. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://mistras-q1-earnings.open-exchange.net/. Following the conference call, an archived webcast of the
Full year 2024 Revenue Growth of 3.4%, Net Income increased 208.6% to $19.0 million Full year 2024 Adjusted EBITDA (non-GAAP) of $82.5 million, an increase of 25.3% Full year 2024 Net Cash from Operations of $50.1 million, an increase of 87.4%; Free Cash Flow (non-GAAP) of $27.1 million, an increase of 775.9% Full year 2024 Selling, General and Administrative expenses decreased $10.4 million or 6.2% PRINCETON JUNCTION, N.J., March 05, 2025 (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 twelve months ended December
PRINCETON JUNCTION, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 6, 2025 at 9:00 am Eastern Time to present its results for the fourth quarter and fiscal year ended December 31, 2024. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 5, 2025. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://register.vevent.com/register/BIf16da158e8294da5b6ef32a17c5655a8. Fol
Quarterly Revenue Growth of 1.9%, driven by continued strong growth in the International segment Quarterly Net Income of $6.4 million, or $0.20 per diluted share Quarterly Adjusted EBITDA (non-GAAP) of $23.3 million, an increase of 11.5% PRINCETON JUNCTION, N.J., Oct. 30, 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 third quarter and nine months ended September 30, 2024. Highlights of the Third Quarter 2024* Revenue of $182.7 million, a 1.9% increase Gross profit expanded to $54.6 million, with gross profit margin of 29.9%Net income
PRINCETON JUNCTION, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, October 31, 2024 at 9:00 am Eastern Time to discuss its results for the third quarter of 2024. A press release with the third quarter results will be issued after the close of market on Wednesday, October 30, 2024. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://register.vevent.com/register/BIf848f0928520406c928ea91abde4515a. Following the conference call,
Quarterly Revenue Growth of 7.8% driven by increases in all industries Significant Quarterly Gross Profit and Gross Profit Margin Growth across all segments Further Reductions in Quarterly Selling, General and Administrative expenses Quarterly Net Income of $6.4 million, with Quarterly Adjusted EBITDA (non-GAAP) of $22.1 million, an increase of 44.6% from the prior year period PRINCETON JUNCTION, N.J., July 31, 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 second quarter and six months ended June 30, 2024. Highlights of the Second Qua
PRINCETON JUNCTION, N.J., July 26, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, August 1, 2024 at 9:00 am Eastern Time to discuss its results for the second quarter of 2024. A press release with the second quarter results will be issued after the close of market on Wednesday, July 31, 2024. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://register.vevent.com/register/BI05aef0d9604542e897138e5abb38ad5a. Following the conference cal
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 01, 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 mi
PRINCETON JUNCTION, N.J., April 26, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 2, 2024 at 9:00 am Eastern Time to discuss its results for the first quarter of 2024. A press release with the first quarter results will be issued after the close of market on Wednesday, May 1, 2024. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://register.vevent.com/register/BIebdf48d69cb04674a4848bcd372409be. Following the conference call, an archiv
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Reinvigorated senior leadership with recently on-boarded, high-caliber positions with proven industry experience, to focus on delivering value to customers Integrated Data Solutions capabilities for customers worldwide combining data-centric services, software solutions, and technology, to evolve a scalable, full life cycle asset protection ecosystem Unified accredited laboratories with integrated service capabilities, to significantly reduce cycle times, increase speed to market and simplify quality assurance across Aerospace and Defense platform PRINCETON JUNCTION, N.J., May 07, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of
PRINCETON JUNCTION, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 8, 2025, at 9:00 am Eastern Standard Time to present its results for the first quarter of 2025. A press release with the first quarter results will be issued after the close of market on Wednesday, May 7, 2025. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://mistras-q1-earnings.open-exchange.net/. Following the conference call, an archived webcast of the
PRINCETON JUNCTION, N.J., April 24, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), the leading global provider of integrated, technology-enabled asset protection solutions, today announced the launch of MISTRAS Data Solutions, a unified brand that consolidates the company's data-centric services, software solutions, and technology under one umbrella. MISTRAS Data Solutions brings together a powerful suite of capabilities and brands, including: PCMS®, New Century Software, Integrity Plus, Onstream, MISTRAS OneSuite®, Sensoria®, CALIPERAY®, VPAC®II, and Triple 5. This strategic unification accelerates MISTRAS' evolution into the first data-driven asset integrity provider, integrat
PRINCETON JUNCTION, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), the leading provider of integrated technology-enabled asset protection solutions, today announced the appointment of Cliff Schaffer as Senior Vice President of In-Lab Services. Reporting to Hani Hammad, Executive Vice President and Chief Operating Officer, Schaffer will lead MISTRAS' in-lab strategy and operations across North America, with a focus on scaling services for aerospace and defense and heavy manufacturing sectors. "Cliff's appointment underscores our commitment to enabling aerospace and defense customers to complete their missions with speed, precision, and confidence," said Hani Hammad
NEW YORK, April 9, 2025 /PRNewswire/ -- The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today's NYSE Pre-market update for market insights before trading begins. Kristen Scholer delivers the pre-market update on April 9th Overnight, markets in Asia were mixed and European indexes trended downward following the S&P closing below 5000 for the first time in a year. This morning, in response to U.S. raising tariffs to 104% on Chinese imports, China announced an increase of its tariffs on U.S. goods to 84%.Delta Air Lines (NYSE:DAL) reported earnings today and noted it is too early to update its ful
PRINCETON JUNCTION, N.J., April 09, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), the leading "one source" multinational provider of integrated technology-enabled asset protection solutions, will ring the opening bell at the New York Stock Exchange today, celebrating growing interest in, and adoption of, its asset protection solutions in energy, manufacturing, and aerospace and defense. MISTRAS Group leads with a data-driven approach across its portfolio of asset protection solutions, extending its expertise in maximizing the safety and operational uptime for critical industrial and civil assets across industries. With manufacturing looking to return to the U.S., a renewed commi
Full year 2024 Revenue Growth of 3.4%, Net Income increased 208.6% to $19.0 million Full year 2024 Adjusted EBITDA (non-GAAP) of $82.5 million, an increase of 25.3% Full year 2024 Net Cash from Operations of $50.1 million, an increase of 87.4%; Free Cash Flow (non-GAAP) of $27.1 million, an increase of 775.9% Full year 2024 Selling, General and Administrative expenses decreased $10.4 million or 6.2% PRINCETON JUNCTION, N.J., March 05, 2025 (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 twelve months ended December
PRINCETON JUNCTION, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 6, 2025 at 9:00 am Eastern Time to present its results for the fourth quarter and fiscal year ended December 31, 2024. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 5, 2025. To listen to the live webcast of the conference call, visit the Investor Relations section of MISTRAS Group's website at www.mistrasgroup.com. Individuals wishing to participate in the live question and answer session may pre-register at: https://register.vevent.com/register/BIf16da158e8294da5b6ef32a17c5655a8. Fol
PRINCETON JUNCTION, N.J., Feb. 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of MISTRAS Group, Inc. (NYSE:MG) is deeply saddened to announce the passing of Dr. Sotirios J. Vahaviolos, the company's Founder, Chairman Emeritus, and Board Director, on Thursday, February 6, 2025. A visionary leader and pioneer in the field of non-destructive testing (NDT) and acoustic emission (AE), Dr. Vahaviolos founded MISTRAS (originally Physical Acoustics Corporation) in 1978 and dedicated over four decades to building it into a global leader in testing, inspection, and asset protection solutions. His expertise, leadership, and commitment to excellence were instrumental in shaping the company's str
PRINCETON JUNCTION, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG)—a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as the Company's Chief Operating Officer (COO), effective January 1, 2025. This appointment follows the recent hiring of Natalia Shuman as the Company's President and Chief Executive Officer (CEO), to whom Mr. Hammad will report directly. In addition to his role as COO, Mr. Hammad will continue serving as MISTRAS Group Executive Vice President. Spearheading Operational Excellence In his role as COO, Mr. Hammad will continue t
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BofA Securities upgraded Mistras Group from Underperform to Neutral
PRINCETON JUNCTION, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), the leading provider of integrated technology-enabled asset protection solutions, today announced the appointment of Cliff Schaffer as Senior Vice President of In-Lab Services. Reporting to Hani Hammad, Executive Vice President and Chief Operating Officer, Schaffer will lead MISTRAS' in-lab strategy and operations across North America, with a focus on scaling services for aerospace and defense and heavy manufacturing sectors. "Cliff's appointment underscores our commitment to enabling aerospace and defense customers to complete their missions with speed, precision, and confidence," said Hani Hammad
PRINCETON JUNCTION, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG)—a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as the Company's Chief Operating Officer (COO), effective January 1, 2025. This appointment follows the recent hiring of Natalia Shuman as the Company's President and Chief Executive Officer (CEO), to whom Mr. Hammad will report directly. In addition to his role as COO, Mr. Hammad will continue serving as MISTRAS Group Executive Vice President. Spearheading Operational Excellence In his role as COO, Mr. Hammad will continue t
PRINCETON JUNCTION, N.J., Dec. 05, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG)—a leading "one source" multinational provider of integrated technology-enabled asset protection solutions—today announced that the Company's Board of Directors has appointed Natalia Shuman as MISTRAS Group's new President and Chief Executive Officer (CEO), effective January 1, 2025. Ms. Shuman brings over two decades of leadership experience to MISTRAS Group, having held executive roles at prominent global organizations in the Testing, Inspection, and Certification (TIC) industry. Most recently, as Group Executive Vice President and Group Operating Council Member for Eurofins Scientific, she led ov
PRINCETON JUNCTION, N.J., March 25, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as Executive Vice President and Chief Transformation Officer (CTO), a strategic move signaling the next phase in the company's business transformation journey. Mr. Hammad will report to Mr. Manuel (Manny) N. Stamatakis, Chairman of the Board and Interim CEO of MISTRAS Group, Inc. A Proven Track Record of Value Creation The Project Phoenix EBITDA Improvement Program initiated by MISTRAS Group and managed by Mr. Hammad as part of the glo
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. Mr. Stamatakis was granted an award of stock options (the "Options") to purchase 250,000 shares of common stock of the Company, with an exercise price of $5.36, the closing price of the Company's stock as quoted on the New York Stock exchange on October 11, 2023, the grant date. The Options were granted as an inducement for Mr. Stamatakis to accept the position of Interim President and CEO of MISTRAS. The Opt
PRINCETON JUNCTION, N.J., Dec. 02, 2020 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG) announced today that Mr. Charles P. Pizzi, Independence Health Group Chairman and former executive of Tasty Baking Company, has been elected to the company’s Board of Directors, effective January 1, 2021. As part of his Board appointment, Mr. Pizzi will serve as a member of the Board’s Audit Committee and Corporate Governance Committee. “We are delighted that Mr. Pizzi will be joining the MISTRAS Board,” said Dennis Bertolotti, MISTRAS Group President and Chief Executive Officer (CEO). “We look forward to his contributions, as he brings with him a tremendous breadth of executive leadership and corp