Mistras Q3 2022 Earnings Report
Key Takeaways
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.
Revenue increased by 2.2%, or 5.1% excluding unfavorable foreign currency exchange impact.
Gross profit margin increased by 20 basis points due to a favorable sales mix.
Net income increased by 29.4% to $4.4 million, or $0.14 per diluted share.
Services segment achieved its highest ever third quarter revenue.
Mistras
Mistras
Mistras Revenue by Segment
Forward Guidance
MISTRAS Group is adjusting its previously announced outlook for the full year 2022 and now anticipates revenue between $683 and $693 million, Adjusted EBITDA between $53 and $58 million and free cash flow between $15 and $18 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income