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Mistras Group Inc (MG)
NYSE:MG
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2018
|% Change Since: -13.42%
|Next Earnings Date:Aug 06, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mix of steady growth in certain sectors and improvements in operating leverage and cash flow, offset by setbacks in the oil and gas sector, revised financial outlooks, and specific challenges like healthcare claims and project pushouts. The company shows optimism for 2025 with expectations of continued growth in key areas.Company Guidance
During the Mistras Group's Q3 2024 earnings call, the company provided updated guidance and discussed key metrics impacting their performance. Revenue for the third quarter increased nearly 2%, driven by double-digit growth in North American aerospace and defense segments, while the oil and gas industry revenue saw a decline due to a moderate fall turnaround season. Adjusted EBITDA rose over 11% compared to the previous year and 32% year-to-date, underscoring improvements in operating leverage. SG&A expenses decreased by 1.7% year-over-year to $38.9 million, and were down sequentially by 5.1%. The company revised its full-year guidance, adjusting revenue expectations to $725-$730 million from the initial $725-$750 million, and adjusted EBITDA to $80-$82 million from $84-$89 million. Free cash flow guidance was also revised to $18-$22 million due to an unexpected buildup in accounts receivable. Despite these revisions, Mistras remains optimistic about 2025, anticipating low double-digit expansion in adjusted EBITDA and low single-digit organic revenue growth, with strategic investments aimed at sustaining long-term profitability.Consistent Revenue Growth
Revenue was up nearly 2% during the quarter, led by the eighth consecutive quarter of growth in the international segment and double-digit growth within North American aerospace, defense, and industrial industries.
Significant EBITDA Improvements
Adjusted EBITDA increased by over 11% compared to the prior year quarter and over 32% for the year-to-date period.
Operational Cash Flow Success
Generated $19.4 million in operating cash flow and $13.2 million in free cash flow during the third quarter, using this to pay down over $10 million in borrowings.
Cost Reduction Achievements
Selling, general, and administrative expenses were down 1.7% year-over-year and 5.1% sequentially from the second quarter.
Aerospace and Defense Sector Growth
Global consolidated aerospace and defense revenue grew 9.1% in the third quarter, with expectations to finish up nearly 15% for the full year 2024.
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MG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $11.10 | $8.45 | -23.87% |
| Jul 31, 2024 | $10.00 | $10.13 | +1.30% |
| May 01, 2024 | $9.12 | $9.24 | +1.32% |
| Mar 06, 2024 | $8.34 | $8.93 | +7.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mistras Group Inc (MG) report earnings?
Mistras Group Inc (MG) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Mistras Group Inc (MG) earnings time?
Mistras Group Inc (MG) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MG EPS forecast?
MG EPS forecast for the fiscal quarter 2024 (Q4) is 0.13.
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