Mistras ( (MG) ) has released its Q3 earnings. Here is a breakdown of the information Mistras presented to its investors.
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MISTRAS Group, Inc., a multinational provider of integrated technology-enabled asset protection solutions, operates in industries such as oil and gas, aerospace and defense, and power generation. The company reported a 1.9% increase in quarterly revenue, reaching $182.7 million, and net income of $6.4 million, or $0.20 per diluted share. Their adjusted EBITDA for the quarter rose by 11.5% to $23.3 million, reflecting improved operating leverage. Year-to-date figures showed a 6.4% revenue increase to $556.9 million and a 32.1% rise in adjusted EBITDA to $61.6 million. The international segment led the quarterly revenue growth with an 8.7% increase, supported by significant expansions in the power generation and industrial sectors. Meanwhile, North America saw a modest 0.7% revenue rise, driven by aerospace and defense. MISTRAS has successfully renewed long-term agreements with major clients, contributing to their operational improvements and cash flow generation, which allowed for a reduction in gross debt. Looking forward, the company anticipates continued profitable growth by focusing on higher-margin businesses and maintaining cost discipline, although they have adjusted their full-year guidance due to market conditions.
