Mistras Group Inc 's ROA from the first quarter of 2025 to the first quarter of 2024 and 5 Year Period

MISTRAS Group Names Aerospace & Defense Leader Cliff Schaffer as SVP of In-Lab Services

MISTRAS Group Appoints Aerospace Expert Cliff Schaffer as SVP of In-Lab Services to Drive Strategic GrowthIn a strategic move poised to enhance its position in the aerospace, defense, and heavy manufacturing sectors, MISTRAS Group, Inc. (NYSE: MG) announced the appointment of Cliff Schaffer as Senior Vice President of In-Lab Services. Based in Princeton Junction, New Jersey, Schaffer will report directly to Hani Hammad, Executive Vice President and Chief Operating Officer of MISTRAS. His mandate involves spearheading the company?s in-lab strategy and operations across North America, focusing on scaling services to meet the demands of these critical industries.This appointment comes at a time when MISTRAS Group is working to stabilize its position within a fluctuating financial landscape. Despite the company s net income experiencing a downturn, the firm has shown promising signs of recovery in key performance indicators, particularly in return on assets (ROA). For the fourth quarter of 2024, MISTRAS recorded an ROA of 3.52%, marking a significant improvement compared to its average of -0.26%. This uptick reflects not only more efficient asset management but also the potential for future profitability amidst a challenging market.