Mistras Group, Inc. (MG) Income Statement Analysis

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Complete financial analysis of Mistras Group, Inc. (MG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Mistras Group, Inc., a leading company in the Security & Protection Services industry within the Industrials sector.

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Mistras Group, Inc. (MG)

Industry: Security & Protection Services

Sector: Industrials

Website: https://www.mistrasgroup.com

About Mistras Group, Inc.

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; predictive maintenance assessments of fixed and rotating assets; inline inspection for pipelines; and develops enterprise inspection database management software and plant condition management software. 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; engineering consulting services primarily for process equipment, technologies, and facilities; 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 inspection applications; online condition-monitoring solutions; quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. Further, the company designs and installs monitoring systems, as well as provides commissioning, training, reporting, technical support, and annual maintenance services; Web-based solutions; and custom-developed software. Additionally, it designs, manufactures, and 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. The company serves oil and gas, commercial aerospace and defense, fossil and nuclear power, alternative and renewable energy, industrial, public infrastructure, petrochemical, transportation, and process industries, as well as research and engineering institutions. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Revenue	705.47M	687.37M	677.13M	592.57M	748.59M	742.35M	700.97M	684.76M	711.25M	623.45M	529.28M	436.88M	338.59M	272.13M	209.13M	152.27M
Cost of Revenue	501.67M	489.20M	479.98M	414.04M	531.29M	534.48M	513.26M	516.17M	526.52M	450.50M	380.91M	307.19M	235.19M	188.99M	139.87M	97.44M
Gross Profit	203.81M	198.17M	197.15M	178.53M	217.30M	207.87M	187.71M	168.59M	184.73M	172.94M	148.37M	129.69M	103.40M	83.14M	69.27M	54.83M
Gross Profit Ratio	28.89%	28.83%	29.12%	30.13%	29.03%	28.00%	26.78%	24.62%	25.97%	27.74%	28.03%	29.69%	30.54%	30.55%	33.12%	36.01%
Research & Development	1.72M	1.99M	2.52M	2.89M	3.05M	3.31M	2.27M	2.67M	2.52M	3.00M	2.45M	2.06M	2.15M	2.40M	1.26M	954.00K
General & Administrative	165.35M	166.60M	161.33M	156.94M	169.47M	172.24M	153.03M	155.23M	143.98M	123.69M	101.79M	83.10M	64.88M	297.00K	2.10M	0.00
Selling & Marketing	1.40M	2.00M	1.00M	800.00K	2.10M	2.10M	1.90M	2.06M	2.20M	0.00	1.80M	1.70M	1.10M	54.26M	47.15M	0.00
SG&A	166.75M	166.60M	161.33M	156.94M	169.47M	172.24M	153.03M	155.23M	143.98M	123.69M	101.79M	83.10M	65.98M	54.55M	49.25M	32.94M
Other Expenses	37.24M	10.70M	11.95M	13.52M	19.77M	11.96M	10.36M	10.69M	13.05M	10.62M	8.78M	6.46M	5.66M	4.67M	3.94M	4.58M
Operating Expenses	205.71M	179.29M	175.80M	173.35M	192.29M	187.51M	165.66M	168.59M	159.55M	137.31M	113.02M	91.61M	73.79M	61.63M	54.44M	38.47M
Cost & Expenses	707.38M	668.49M	655.79M	587.39M	723.57M	721.99M	678.92M	659.22M	686.07M	587.81M	493.93M	398.80M	308.98M	250.62M	194.31M	135.91M
Interest Income	0.00	10.51M	10.88M	12.96M	13.70M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	16.76M	10.51M	10.88M	12.96M	13.70M	7.95M	4.39M	3.08M	4.62M	3.19M	3.29M	3.80M	2.77M	3.53M	4.61M	3.53M
Depreciation & Amortization	34.10M	33.29M	34.92M	35.71M	38.53M	34.41M	31.38M	32.91M	13.05M	28.43M	8.78M	6.46M	5.39M	15.18M	12.64M	11.42M
EBITDA	32.20M	53.09M	53.09M	-65.51M	62.67M	56.63M	35.54M	57.93M	75.65M	63.64M	66.72M	54.20M	59.46M	48.20M	35.69M	27.78M
EBITDA Ratio	4.56%	4.30%	4.92%	3.16%	5.58%	4.35%	4.62%	8.46%	5.38%	10.28%	8.34%	10.19%	10.34%	13.48%	13.13%	18.24%
Operating Income	-1.90M	19.80M	18.17M	5.18M	24.14M	22.22M	4.16M	25.55M	30.35M	38.30M	27.55M	36.77M	29.61M	20.90M	14.83M	16.36M
Operating Income Ratio	-0.27%	2.88%	2.68%	0.87%	3.22%	2.99%	0.59%	3.73%	4.27%	6.14%	5.21%	8.42%	8.75%	7.68%	7.09%	10.74%
Total Other Income/Expenses	-16.76M	-10.51M	-10.88M	-12.96M	-13.70M	-7.95M	-4.39M	992.92K	-4.76M	-3.46M	-3.19M	-3.29M	-2.46M	-2.77M	-3.92M	-2.00M
Income Before Tax	-18.67M	9.29M	7.29M	-114.17M	10.44M	14.27M	-226.00K	22.47M	25.73M	35.10M	24.27M	33.64M	26.84M	16.98M	10.21M	12.83M
Income Before Tax Ratio	-2.65%	1.35%	1.08%	-19.27%	1.39%	1.92%	-0.03%	3.28%	3.62%	5.63%	4.58%	7.70%	7.93%	6.24%	4.88%	8.42%
Income Tax Expense	-1.22M	2.72M	3.40M	-14.71M	4.36M	7.43M	1.94M	8.01M	9.74M	12.53M	12.63M	12.29M	10.50M	6.53M	4.56M	5.38M
Net Income	-17.45M	6.50M	3.86M	-99.47M	6.06M	6.84M	-2.18M	14.46M	16.08M	22.52M	11.65M	21.35M	16.43M	10.43M	5.47M	7.44M
Net Income Ratio	-2.47%	0.95%	0.57%	-16.79%	0.81%	0.92%	-0.31%	2.11%	2.26%	3.61%	2.20%	4.89%	4.85%	3.83%	2.61%	4.89%
EPS	-0.58	0.22	0.13	-3.41	0.21	0.24	-0.08	0.50	0.56	0.79	0.41	0.77	0.61	0.48	0.42	0.57
EPS Diluted	-0.58	0.22	0.13	-3.41	0.21	0.23	-0.08	0.48	0.54	0.77	0.40	0.74	0.61	0.43	0.42	0.36
Weighted Avg Shares Out	30.33M	29.90M	29.57M	29.15M	28.74M	28.41M	27.19M	28.96M	28.61M	28.37M	28.14M	27.84M	26.72M	21.74M	13.00M	13.00M
Weighted Avg Shares Out (Dil)	30.33M	30.23M	30.13M	29.15M	29.05M	29.43M	28.42M	30.11M	29.59M	29.32M	29.11M	28.69M	26.93M	24.43M	13.00M	20.44M

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

April 27, 2023globenewswire.com

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...

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

March 16, 2023globenewswire.com

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

MISTRAS Announces Fourth Quarter and Full Year 2022 Results

March 8, 2023globenewswire.com

Significantly Improved Quarterly Operating Profit and Net Income Growth

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

March 3, 2023globenewswire.com

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...

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

February 8, 2023globenewswire.com

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...

Mistras Group Is On The Road To Recovery

January 24, 2023seekingalpha.com

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...

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

November 4, 2022seekingalpha.com

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 -...

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

November 4, 2022globenewswire.com

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

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

November 4, 2022seekingalpha.com

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...