Mistras delivered a strong Q4 2025 with revenue growing 5.1% to $181.5 million and record Adjusted EBITDA of $24.8 million. Despite a decrease in GAAP net income due to reorganization costs, the company expanded its gross margin by 190 basis points and saw growth across all operating segments.

Mistras Group, Inc. delivered a strong second quarter in 2025, achieving a record Adjusted EBITDA of $24.1 million, an 8.9% increase year-over-year. Despite a slight revenue decrease of 2.3% (flat excluding voluntary Laboratory consolidations), the company significantly expanded its gross profit margin by 200 basis points to 29.1% due to an improved business mix and operating efficiencies. Net income for the quarter was $3.0 million, with non-GAAP diluted EPS of $0.19.

Mistras Group, Inc. announced its first quarter 2025 results with revenue of $161.6 million, a decrease of 12.4% year-over-year. Despite the revenue decline, the company achieved a gross profit of $40.9 million, with the gross profit margin increasing by 30 basis points to 25.3%. The net loss for the quarter was $3.2 million, inclusive of special items.

Mistras reported Q4 2024 revenue of $172.7 million, a decrease from the prior year. Despite the revenue decline, net income improved to $5.3 million, with GAAP EPS of $0.17 and adjusted EPS of $0.24. Adjusted EBITDA increased by 9.2% to $20.9 million. The company generated strong free cash flow of $20.8 million, which helped reduce debt levels.

MISTRAS Group reported a 1.9% increase in revenue, driven by the International segment. Net income was $6.4 million, or $0.20 per diluted share, and adjusted EBITDA increased by 11.5% to $23.3 million.

MISTRAS Group reported strong Q2 2024 results with a 7.8% increase in revenue, significant growth in gross profit and adjusted EBITDA, and a reduction in SG&A expenses. Net income reached $6.4 million, and the company is optimistic about achieving one of its all-time high-performance years for adjusted EBITDA in fiscal 2024.

Mistras Group reported a revenue increase of 9.8% to $184.4 million, alongside a net income of $1.0 million, a significant improvement from the previous year's net loss. Adjusted EBITDA also saw a substantial rise of 55.1% to $16.2 million, driven by revenue growth and cost management through Project Phoenix.

MISTRAS Group reported an 8.2% increase in revenue for Q4 2023, reaching $182.1 million. The company experienced a net loss of $2.5 million, impacted by reorganization costs. Adjusted EBITDA increased by 22.0% to $19.2 million.

MISTRAS Group reported a slight increase in revenue for Q3 2023, alongside a significant rise in Adjusted EBITDA. The company's gross profit margin also saw improvement. Net loss was impacted by a non-cash goodwill impairment charge and reorganization costs. Project Phoenix is expected to yield substantial cost savings in 2024.

Mistras Group's Q2 2023 revenue was $176.0 million, a 1.7% decrease year-over-year. Despite the revenue decline, the company saw strong growth in Commercial Aerospace and Data Solutions. Net income was $0.3 million, and Adjusted EBITDA was $15.3 million. The company is implementing cost-saving initiatives expected to yield $6.2 million in annualized savings.

Mistras Group reported a 3.9% increase in revenue (5.5% in constant currency), a 270 basis points improvement in gross profit margin, and significant improvements in operating cash flow and free cash flow. The company's leverage ratio also decreased to 3.25 times.

Mistras Group, Inc. reported Q4 2022 results with revenue of $168.2 million and a gross profit of $50.9 million. Income from Operations increased by 151.9% and Net Income was $2.8 million or $0.09 per diluted share.

MISTRAS Group reported a 2.2% increase in revenue to $178.5 million, driven by a 5.4% increase in the Services segment. The company's gross profit margin increased by 20 basis points, and net income rose by 29.4% to $4.4 million, or $0.14 per diluted share.

Mistras Group reported a slight increase in revenue for Q2 2022, with growth in the Services segment offset by declines in the International segment. The company faced challenges including project delays in the oil & gas sector and increased costs, but remains optimistic about improved performance in the second half of the year due to strong energy markets and growth in digital solutions.

Mistras Group, Inc. reported a 5.2% organic revenue growth in Q1 2022, driven by the Services and International segments. The company is experiencing growth in its data solutions offerings, including OneSuite and Sensoria. The company expects to grow revenue to between $695 and $715 million, which should generate Adjusted EBITDA between $65 to $69 million.

MISTRAS Group, Inc. reported strong third-quarter results with revenue growth of 18% and significant improvements in operating and net income. The company's proprietary technologies, OneSuite™ and Sensoria™, are gaining traction.

MISTRAS Group reported strong second-quarter results with significant top and bottom-line growth, driven by a rebound in the oil and gas market. Revenue increased by 42.8% to $177.7 million, and adjusted EBITDA rose by 96.5% to $22.6 million.

Mistras Group reported a 3.6% decrease in revenue to $153.8 million compared to the prior year, which was in line with the company's outlook. The net loss decreased to $5.4 million, and adjusted EBITDA increased by 30.2% to $7.0 million. The company expects revenue to increase in the low to mid-thirty percent range in the second quarter of 2021.

MISTRAS Group reported a decrease in revenue but an increase in gross profit margin and operating cash flow for the fourth quarter of 2020. The company's revenue was $160.8 million, a decrease of 10.2% year-over-year, but an increase of 8.7% sequentially. Gross profit margin improved to 30.7%, a 240 basis point improvement. Operating cash flow increased by 39.6% to $26.0 million, and free cash flow increased by 55.0% to $21.2 million. Net income was $0.2 million, or $0.01 per diluted share, with adjusted EBITDA of $17.6 million, up 21.6% from $14.5 million in the year ago quarter, and also up sequentially from the third quarter.

MISTRAS Group reported a decrease in revenue compared to the previous year, but saw sequential quarterly revenue growth. The company also experienced an increase in gross profit margin and a decrease in SG&A expenses. They remained operating and free cash flow positive.

Mistras Group's Q2 2020 results showed a decrease in revenue by 38% to $124.4 million, but a significant increase in free cash flow by 284% to $25.5 million. The company also achieved its highest quarterly gross profit margin in over five years, expanding to 33.1%.

Mistras Group's first quarter 2020 revenue reached $159.5 million, exceeding expectations, while cash from operations was $6.1 million. The company faced challenges due to the slowdown in energy markets and the impact of COVID-19, leading to non-cash impairment charges of $106.1 million. Strategic actions were implemented to reduce overhead spending and maintain liquidity.

Mistras Group reported a slight decrease in revenue for Q4 2019, with a corresponding decrease in gross profit. However, the company saw an increase in free cash flow and continued to focus on debt repayment.