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.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

PRINCETON JUNCTION, N.J., May 05, 2023 (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 Dennis Bertolotti, Chief Executive Officer, and Edward Prajzner, Chief Financial Officer, will be participating in the Sidoti Microcap Virtual Conference on Thursday, May 11, 2023.

MISTRAS Group to Participate in Sidoti Microcap Virtual Conference on May 11, 2023

Revenue increase of 3.9% as reported; up 5.5% in constant currency Continued Gross Margin improvement - Gross Profit Margin increase of 270 basis points Significantly improved Cash provided by Operating Activities and Free Cash Flow

MISTRAS Announces First Quarter 2023 Results

PRINCETON JUNCTION, N.J., April 28, 2023 (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 Dennis Bertolotti, President and Chief Executive Officer, and Edward Prajzner, Chief Financial Officer, will be attending the Inaugural EF Hutton Global Conference, being held from May 10-11, 2023 in New York, NY – USA.

MISTRAS Group to Participate in the Inaugural EF Hutton Global Conference on May 10, 2023

PRINCETON JUNCTION, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 4, 2023 at 9:00 am Eastern Time to discuss its results for the first quarter of 2023. A press release with the first quarter results will be issued after the close of market on Wednesday, May 3, 2023.

MISTRAS Group Announces Conference Call to Discuss First Quarter Results on May 4, 2023

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 1:00 PM EDT ON MARCH 23, 2023

MISTRAS Group to Participate in Sidoti Small-Cap Virtual Conference on March 22-23, 2023

Mistras Group, Inc. (NYSE:MG ) Q4 2022 Earnings Call Transcript March 9, 2023 9:00 AM ET Company Participants Dennis Bertolotti - President & Chief Executive Officer Ed Prajzner - Executive Vice President & Chief Financial Officer Conference Call Participants Chris Sakai - Singular Research Mitch Pinheiro - Sturdivant Brian Russo - Sidoti Operator Thank you for joining Mistras Group's Conference Call for its Fourth Quarter and Fiscal Year ended December 31, 2022. My name is Michelle, and I will be your event manager today.

Mistras Group, Inc. (MG) Q4 2022 Earnings Call Transcript

Significantly Improved Quarterly Operating Profit and Net Income Growth

MISTRAS Announces Fourth Quarter and Full Year 2022 Results

PRINCETON JUNCTION, N.J., March 03, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 9, 2023 at 9:00 am Eastern Time to discuss its results for the fourth quarter and fiscal year ended December 31, 2022. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 8, 2023.

MISTRAS Group Announces Conference Call to Discuss Fourth Quarter and 2022 Year-End Results on March 9, 2023

PRINCETON JUNCTION, N.J., Feb. 08, 2023 (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 Jonathan Wolk, Senior Executive Vice President and Chief Operating Officer (COO), will be departing MISTRAS effective immediately. In the interim, MISTRAS Group President and Chief Executive Officer (CEO), Dennis Bertolotti, will assume Mr. Wolk's duties.

MISTRAS Group Announces Change in Leadership and Engagement of AlixPartners to Define Operational Enhancements Designed to Drive Performance and Shareholder Value

The company's revenues were significantly affected by COVID-19 lockdowns, but they have been growing for 9 quarters now. I think annual EBITDA could be back above $80 million over the coming quarters as Mistras Group passes on cost increases to its clients.

Mistras Group Is On The Road To Recovery

Mistras Group, Inc. (NYSE:MG ) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants Dennis Bertolotti - President & Chief Executive Officer Ed Prajzner - Executive Vice President, Chief Executive Officer & Treasurer Jon Wolk - Senior Executive Vice President & Chief Operations Officer Conference Call Participants Chris Sakai - Singular Research Mitch Pinheiro - Sturdivant & Co. Brian Russo - Sidoti Operator Thank you for joining, Mistras Group's Conference Call for its Third Quarter Ended September 30, 2022. My name is Andrea, and I'll be your event manager today.

Mistras Group, Inc. (MG) Q3 2022 Earnings Call Transcript

Management Fireside Chat to Be Webcast Live at 11:30 AM ET on November 9, 2022 Management Fireside Chat to Be Webcast Live at 11:30 AM ET on November 9, 2022

MISTRAS Group to Participate in the Sidoti Micro-Cap Virtual Investor Conference November 9 & 10, 2022

Magna International

Magna International Inc. (NYSE:MGA ) Q3 2022 Results Conference Call November 4, 2022 8:00 AM ET Company Participants Louis Tonelli - Vice President, Investor Relations Swamy Kotagiri - Chief Executive Officer Pat McCann - Executive Vice President & Chief Financial Officer Vince Galifi - President Conference Call Participants John Murphy - Bank of America Adam Jonas - Morgan Stanley Peter Sklar - BMO Capital Markets Chris McNally - Evercore Joseph Spak - RBC CM Colin Langan - Wells Fargo Michael Glen - Raymond James Operator Greetings, and welcome to the Magna International Q3 2022 Results Conference Call. During the presentation, all participants will be in a listen-only mode.

Magna International Inc. (MGA) Q3 2022 Earnings Call Transcript

Quarterly Consolidated Top-line Growth of 2.2%

MISTRAS Announces Third Quarter 2022 Results

PRINCETON JUNCTION, N.J., Oct. 31, 2022 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG) has scheduled a conference call for Thursday, November 3, 2022 at 9:00 am Eastern Time to discuss its results for the third quarter of 2022. A press release with the third quarter results will be issued after the close of market on Wednesday, November 2, 2022.

MISTRAS Group Announces Conference Call to Discuss Third Quarter 2022 Results on November 3, 2022

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 4:30 PM EDT ON OCTOBER 12, 2022 MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 4:30 PM EDT ON OCTOBER 12, 2022

MISTRAS Group to Present at The Windy City Roundup Investor Conference on October 12-13, 2022

Management Presentation to Be Webcast Live at 10:45 AM EDT on September 22, 2022 Management Presentation to Be Webcast Live at 10:45 AM EDT on September 22, 2022

MISTRAS Group to Participate in the Sidoti Small-Cap Virtual Investor Conference September 21 - 22, 2022

PRINCETON JUNCTION, N.J., Sept. 15, 2022 (GLOBE NEWSWIRE) -- Sensoria™ by MISTRAS Group, an innovative 24/7/365 wind blade monitor, is pleased to announce a collaboration with Danish blade specialist Bladena to provide an innovative solution to help maximize offshore wind blade integrity and uptime.

Wind Turbine Blade Specialist Bladena Allies With Sensoria™ to Enhance Offshore Blade Integrity

H.C. WAINWRIGHT GLOBAL INVESTMENT CONFERENCE ON SEPT. 12, 2022

MISTRAS Group to Participate in Two Upcoming Investor Conferences

Management Presentation to Be Webcast Live at 9:15 AM EDT on August 17, 2022 Management Presentation to Be Webcast Live at 9:15 AM EDT on August 17, 2022

MISTRAS Group to Participate in Sidoti Micro-Cap Virtual Conference on August 17-18, 2022

Mistras Group, Inc. (NYSE:MG ) Q2 2022 Results Conference Call August 4, 2022 10:00 AM ET Company Participants Dennis Bertolotti - President and Chief Executive Officer Ed Prajzner - Executive Vice President, Chief Executive Officer and Treasurer Jon Wolk - Senior Executive Vice President and Chief Operations Officer Conference Call Participants Brian Russo - Sidoti Christopher Sakai - Singular Research Mitchell Pinheiro - Sturdivant Company Operator Good morning, ladies and gentlemen, and thank you for joining Mistras Group's Conference Call for the Second Quarter of Fiscal 2022. My name is Kurt Wright, and I will be your event manager today.

Mistras Group, Inc. (MG) CEO Dennis Bertolotti on Q2 2022 Results - Earnings Call Transcript

Top-line Growth of 2.8% for the first six months of 2022, with Aerospace & Defense revenue up 28.4% Quarterly interest expense reduction of $1.0 million or 32.9% Ongoing deleveraging, with $8.1 million of quarterly debt repayments, and total debt reduced to $200.4 million New Growth Initiatives - OneSuite™ (Data Solutions), Sensoria™ (Wind) and Private Space capabilities remain on a strong growth trajectory

MISTRAS Announces Second Quarter and First Half 2022 Results

PRINCETON JUNCTION, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG) has scheduled a conference call for Thursday, August 4, 2022 at 10:00 am Eastern Time to discuss its results for the second quarter of 2022. A press release with the second quarter results will be issued after the close of market on Wednesday, August 3, 2022.

MISTRAS Group Announces Conference Call to Discuss Second Quarter 2022 Results on August 4, 2022

PRINCETON JUNCTION, N.J., Aug. 01, 2022 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG) – a leading, "one source" multinational provider of integrated technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure – today announced that it and certain of its subsidiaries, as guarantors, have entered into a new credit facility with a syndication of banks, led by JPMorgan Chase Bank, N.A. and with Bank of America, N.A., continuing as Syndication Agent.

MISTRAS Group Announces New Expanded Credit Agreement and Improved Debt Refinancing

Magna International Inc. (NYSE:MGA ) Q2 2022 Earnings Conference Call July 29, 2022 8:00 AM ET Company Participants Louis Tonelli - Vice President, Investor Relations Swamy Kotagiri - Chief Executive Officer Pat McCann - Executive Vice President & Chief Financial Officer Vince Galifi - President Conference Call Participants John Murphy - Bank of America Securities Itay Michaeli - Citigroup Peter Sklar - BMO Capital Markets Chris McNally - Evercore Mark Delaney - Goldman Sachs Joseph Spak - RBC Colin Langan - Wells Fargo James Picariello - PNB Paribas Rod Lache - Wolf Research Michael Glen - Raymond James Operator Greetings, and welcome to the Second Quarter 2022 results for Magna International. During the presentation, all participants will be in a listen-only mode.

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