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Mar 31, 2023
Mistras Q1 2023 Earnings Report
Revenue increased, gross margin improved, and cash flow significantly improved.
Key Takeaways
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.
Revenue increased by 3.9% as reported, and 5.5% in constant currency.
Gross profit margin increased by 270 basis points.
Adjusted EBITDA increased by 88.1% to $10.4 million.
Leverage ratio reduced to 3.25 times.
Revenue by Segment
Forward Guidance
The Company reaffirms the 2023 full year guidance previously provided.
Positive Outlook
- Revenue between $710 and $740 million
- Adjusted EBITDA between $70 and $75 million
- Free cash flow between $30 and $33 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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