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Sep 30, 2024
Mistras Q3 2024 Earnings Report
Reported a revenue growth of 1.9% driven by the International segment, a net income of $6.4 million, and an adjusted EBITDA increase of 11.5%.
Key Takeaways
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.
Revenue increased by 1.9%, driven by growth in the International segment.
Gross profit expanded to $54.6 million, with a gross profit margin of 29.9%.
Net income was $6.4 million, with earnings per diluted share of $0.20.
Adjusted EBITDA increased by 11.5% to $23.3 million.
Mistras
Mistras
Mistras Revenue by Segment
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comProducts and Systems Revenue
CapyFin.com Forward Guidance
The Company has revised its guidance ranges for the full year 2024 as follows: aFull year Revenue is expected to be between $725 and $730 million (from $725-$750 million previously) bAdjusted EBITDA is expected to be between $80 and $82 million (from $84-$89 million previously) cFree cash flow is expected to be between $18 and $22 million (from $34-$38 million previously)
Positive Outlook
- Full year Revenue is expected to be between $725 and $730 million
- Adjusted EBITDA is expected to be between $80 and $82 million
- Free cash flow is expected to be between $18 and $22 million
- Meaningful improvement in its net income
- Low double-digit expansion in Adjusted EBITDA and a low single-digit organic revenue growth for fiscal 2025.
Challenges Ahead
- Changes were attributable to current market conditions
- Changes were attributable to project pushouts
- Changes were attributable to an unanticipated buildup of accounts receivable
- Revenue is expected to be between $725 and $730 million (from $725-$750 million previously)
- Adjusted EBITDA is expected to be between $80 and $82 million (from $84-$89 million previously)
Revenue & Expenses
Visualization of income flow from segment revenue to net income