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Dec 31, 2022
Mistras Q4 2022 Earnings Report
Mistras reported significantly improved quarterly operating profit and net income growth, with gross profit expanding and operating income increasing.
Key Takeaways
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.
Revenue of $168.2 million, met the mid-point of management’s most recent guidance
Gross profit of $50.9 million, with gross profit margin of 30.3%, a 130 basis points increase
Income from Operations of $5.8 million, a 151.9% increase
Net Income of $2.8 million or $0.09 per diluted share, both up significantly
Mistras
Mistras
Mistras Revenue by Segment
Revenue by Segment
International Revenue
CapyFin.comProducts and Systems Revenue
CapyFin.com Forward Guidance
The Company is providing its preliminary full year guidance for 2023. Based on current market conditions, the Company anticipates 2023 full year revenue between $710 to $740 million and adjusted EBITDA between $70 to $75 million. The Company additionally expects to generate Free Cash Flow between $30 to $33 million.
Positive Outlook
- Company anticipates 2023 full year revenue between $710 to $740 million
- Company anticipates 2023 adjusted EBITDA between $70 to $75 million
- Company expects to generate Free Cash Flow between $30 to $33 million.
- Optimistic about its current level of activity, given stable energy markets
- Improving commercial aerospace demand
Revenue & Expenses
Visualization of income flow from segment revenue to net income