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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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
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 so
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. 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/BIe6bb24671aee4266a3bd30d29905a100. Fol
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. Highlights of the Third Quarter 2023* Revenue of $179.4 million, a 0.5% increase Gross profit of $54.4 million, with gross profit margin of 30
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. 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/BI1d9e10d7ee7d412d8d7ff829b244567f. Upon registering, a dial-in number
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BofA Securities upgraded Mistras Group from Underperform to Neutral
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
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,
NEW YORK, NY / ACCESSWIRE / October 15, 2024 / Tomorrow, Wednesday, October 16th, the MicroCap Rodeo Fall Conference will take place in New York City, featuring executive management teams from 19 companies across a diverse range of industries. Investors will have the opportunity to explore top stock ideas for their portfolios, while also gathering insights on key value drivers and emerging trends in the MicroCap space for 2025.Company presentations will be webcast live starting at 9:30AM ET on Wednesday, October 16th. The companies will also be hosting one-on-one meetings with qualified investors.You may listen to the presentations, via the links below or you may register at the event websit
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
PRINCETON JUNCTION, N.J., May 03, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) – a leading "one source" multinational provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure – announced today that Manuel (Manny) Stamatakis, Chairman of the Board of Directors and Interim President and Chief Executive Officer, and Edward Prajzner, Senior Executive Vice President and Chief Financial Officer, will be speaking at the Sidoti Micro-Cap Virtual Investor Conference, being held May 8-9, 2024. The presentation will begin at 10:00 AM ET on Thursday, May 9, 2024. To register to attend and acce
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
Serve to rely on Magna's manufacturing expertise to scale its fleet to up to 2,000 robots for Uber Eats and for geographic expansionMagna has been licensing Serve's technology to support development of new robotic productsSAN FRANCISCO, April 24, 2024 /PRNewswire/ -- Serve Robotics Inc. (the "Company" or "Serve") (NASDAQ:SERV), a leading autonomous sidewalk delivery company, today announced an expansion of their existing agreement with Magna International Inc. ("Magna") (TSX:MG, NYSE:MGA), one of the world's largest automotive suppliers, to accelerate the adoption of robotics in logistics. Under the terms of a new production and purchase agreement effective April 24, Magna will become the ex
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
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Gainers Primech Holdings (NASDAQ:PMEC) shares moved upwards by 12.5% to $0.69 during Thursday's pre-market session. The company's market cap stands at $24.4 million. Roma Green Finance (NASDAQ:ROMA) shares rose 8.49% to $0.57. The market value of their outstanding shares is at $5.9 million. MISTRAS Group (NYSE:MG) shares moved upwards by 7.14% to $9.0. The company's market cap stands at $278.7 million. Ocean Power Techs (AMEX:OPTT) shares increased by 7.04% to $0.16. The company's market cap stands at $9.7 million. Nuburu (AMEX:BURU) stock increased by 6.43% to $0.16. The company's market cap stands at $5.9 million. FTC Solar (NASDAQ:FTCI) stock moved upwards by 4.99% to $0.48. The mar
Gainers New Horizon Aircraft (NASDAQ:HOVR) shares rose 111.1% to $1.52 during Monday's pre-market session. The market value of their outstanding shares is at $27.6 million. 1847 Holdings (AMEX:EFSH) stock moved upwards by 18.96% to $0.85. The company's market cap stands at $4.9 million. Knightscope (NASDAQ:KSCP) stock moved upwards by 17.84% to $0.37. The company's market cap stands at $39.1 million. Captivision (NASDAQ:CAPT) shares moved upwards by 9.84% to $3.29. The market value of their outstanding shares is at $95.3 million. Richtech Robotics (NASDAQ:RR) shares moved upwards by 8.52% to $1.4. The market value of their outstanding shares is at $96.1 million. MISTRAS Group (NYSE:MG)
MISTRAS Group (NYSE:MG) announced its Q1 earnings on Wednesday, May 1, 2024 at 04:01 PM. Here's a breakdown of the earnings report. Earnings MISTRAS Group beat estimated earnings by 75.0%, reporting an EPS of $0.07 versus an estimate of $0.04. Revenue was up $16.43 million from the same period last year. Historical Earnings Summary During the previous quarter, the company missed on EPS by $0.05, leading to a 7.000000000000001% increase share price change the next day. Here's a look at MISTRAS Group's past performance: Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 EPS Estimate 0.04 0.15 0.16 0.20 -0.05 EPS Actual 0.07 0.10 0.18 0.05 -0.12 Revenue Estimate 174.93M 174.28M 182.73M
EF Hutton analyst Tim Moore downgrades MISTRAS Group (NYSE:MG) from Buy to Hold and lowers the price target from $12 to $11.
MISTRAS Group (NYSE:MG) reported quarterly earnings of $0.07 per share which beat the analyst consensus estimate of $0.04 by 75 percent. This is a 158.33 percent increase over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $184.442 million which beat the analyst consensus estimate of $174.931 million by 5.44 percent. This is a 9.78 percent increase over sales of $168.016 million the same period last year.
Although U.S. stocks closed higher on Wednesday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Snowflake The Trade: Snowflake Inc. (NYSE:SNOW) CEO Sridhar Ramaswamy acquired a total of 31,542 shares an average price o
MISTRAS Group (NYSE:MG) reported its Q4 earnings results on Wednesday, March 6, 2024 at 04:01 PM. Here's what investors need to know about the announcement. Earnings MISTRAS Group missed estimated earnings by -33.0%, reporting an EPS of $0.1 versus an estimate of $0.15. Revenue was up $13.86 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.02 which was followed by a 12.0% increase in the share price the next day. Here's a look at MISTRAS Group's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.16 0.20 -0.05 0.08 EPS Actual 0.18 0.05 -0.12 0.09 Revenue Estimate 182.73M 189.54M 170.77M 169.38M Reve
MISTRAS Group (NYSE:MG) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.15 by 33.33 percent. The company reported quarterly sales of $182.07 million which beat the analyst consensus estimate of $174.28 million by 4.47 percent. This is a 8.24 percent increase over sales of $168.22 million the same period last year.
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