Mistras Group inc   (MG)
Other Ticker:  
    Sector  Capital Goods    Industry Construction Services
Price: $8.9400 $-0.16 -1.758%
Day's High: $9.17 Week Perf: -1.22 %
Day's Low: $ 8.74 30 Day Perf: 0.34 %
Volume (M): 67 52 Wk High: $ 9.85
Volume (M$): $ 600 52 Wk Avg: $7.11
Open: $9.17 52 Wk Low: $4.96

 Market Capitalization (Millions $) 269
 Shares Outstanding (Millions) 30
 Employees 5,700
 Revenues (TTM) (Millions $) 681
 Net Income (TTM) (Millions $) -17
 Cash Flow (TTM) (Millions $) -3
 Capital Exp. (TTM) (Millions $) 21

Mistras Group Inc

We offer our customers “one source for asset protection solutions”® and are a leading global provider of technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. We combine industry-leading products and technologies, expertise in mechanical integrity (MI), Non-Destructive Testing (NDT), Destructive Testing (DT) and predictive maintenance (PdM) services, process and fixed asset engineering and consulting services, proprietary data analysis and our world class enterprise inspection database management and analysis software, PCMS, to deliver a comprehensive portfolio of customized solutions, ranging from routine inspections to complex, plant-wide asset integrity management and assessments. These mission critical solutions enhance our customers’ ability to comply with governmental safety and environmental regulations, extend the useful life of their assets, increase productivity, minimize repair costs, manage risk and avoid catastrophic disasters. Given the role our solutions play in ensuring the safe and efficient operation of infrastructure, we have historically provided a majority of our services to our customers on a regular, recurring basis. We serve a global customer base of companies with asset-intensive infrastructure, including companies in the oil and gas (downstream, midstream, upstream and petrochemical), power generation (natural gas, fossil, nuclear, alternative, renewable, and transmission and distribution), public infrastructure, chemicals, commercial aerospace and defense, transportation, primary metals and metalworking, pharmaceutical/biotechnology and food processing industries and research and engineering institutions.

Our asset protection solutions continuously evolve over time as we combine the disciplines of NDT, DT, PdM, MI, engineering & consulting services and data analysis and enterprise inspection data management software to provide value to our customers. The foundation of our business is NDT, which is the examination of assets without impacting current and future usefulness or impairing the integrity of these assets. The ability to inspect infrastructure assets and not interfere with their operating performance makes NDT a highly attractive alternative to many traditional intrusive inspection techniques, which may require dismantling equipment or shutting down a plant, mill or site. Our MI services are a systematic engineering-based approach to developing best practices for ensuring the on-going integrity and safety of equipment and industrial facilities. MI services involve conducting an inventory of infrastructure assets, developing and implementing inspection and maintenance procedures, training personnel in executing these procedures and managing inspections, testing and assessments of customer assets. By assisting customers in implementing MI programs we enable them to identify gaps between existing and desired practices, find and track deficiencies and degradations to be corrected and establish quality assurance standards for fabrication, engineering and installation of infrastructure assets. We believe our MI services improve plant safety and reliability and regulatory compliance, and in so doing reduce maintenance costs. Our solutions also incorporate comprehensive Risk Based

Inspection (RBI) data analysis from our proprietary asset protection software to provide customers with detailed, integrated and cost-effective solutions that rate the risks of alternative maintenance approaches and recommend actions in accordance with consensus industry codes and standards and help to establish and support key performance indicators (KPI’s) to ensure continued safe and economic operations.

We differentiate ourselves by delivering these solutions under our “One Source” umbrella, utilizing a proven systematic method that creates a closed loop life cycle for addressing continuous asset protection and improvement. Under this business model, customers outsource their inspection to us on a “run and maintain” basis. As a global asset protection leader, we provide a comprehensive range of solutions that includes:

traditional and advanced outsourced NDT services conducted by our technicians, mechanical integrity assessments, above-ground storage tank inspection, pipeline inspection and American Petroleum Institute (API) visual inspections and PdM program development;

destructive testing (DT), a definitive discipline in material testing, taking specimens through to mechanical failure while examining a host of factors. Hardness, stiffness and strength are a few key indicators drawn from destructive tests per customer specifications. DT is a strength of our subsidiary, Mistras-GMA in Germany, which specializes in an array of destructive testing applications utilized throughout the materials selection and approval process in the aerospace, automotive, chemical, oil and gas and power generation industries.

advanced asset protection solutions, in most cases involving proprietary acoustic emission (AE), digital radiography, infrared, wireless and/or automated ultrasonic inspections and sensors, which are operated by our highly trained technicians;

a proprietary and customized portfolio of software products for testing and analyzing data captured in real-time by our technicians and sensors, including advanced features such as pattern recognition and neural networks;

enterprise software and relational databases to store and analyze inspection data, comparing it to prior operations and testing of similar assets, industrial standards and specific risk conditions, such as use with highly flammable or corrosive materials, and developing asset integrity management plans based on risk-based inspection that specify an optimal schedule for the testing, maintenance and retirement of assets;

on-line monitoring systems that provide secure web-based remote or on-site asset inspection, real-time reports and analysis of plant or enterprise-wide structural integrity data, comparison of integrity data to our library of historical inspection data and analysis to better assess structural integrity and provide alerts for and prioritize future inspections and maintenance;

in-house testing services: Mistras’ in-house inspection services provide cost-effective, efficient solutions that improve the integrity and lifespan of critical assets featuring a dynamic suite of testing and inspection services. With a network of 15 in-house laboratories, Mistras provides a one-stop shop for traditional (NDT), advanced non-destructive testing (ANDT), and destructive testing (DT) of materials and fabricated structures by offering a complete inspection package — from preparation and production all the way to post-processing. These capabilities are available through our state-of-the-art testing equipment and expertise in our grid of in-house testing laboratories across the U.S.A., Canada and Europe;

full range of engineering consulting services to the downstream and renewable energy sectors that includes plant operations support covering both process and equipment technologies; project planning, management and execution; expert testimony and technical training; and

ultra high pressure water blasting & painting in place of sand blasting used on off shore oil and gas platforms and land based refinery and chemical fixed equipment, and offering NDT inspection while in post cleaning mode.

Our labs hold a wide variety of certifications that allow them to perform inspections to meet or exceed stringent regulatory requirements, such as: NADCAP, AS9100/ISO-9001, FAA Repair Station and ITAR/EAR. With these certifications comes a comprehensive range of approvals from prime contractors of major projects, the military, and internationally renowned products and systems manufactures from aerospace to nuclear energy; transportation to petrochemical industries.

We offer our customers a customized package of services, products and systems, or our enterprise software and other niche high-value products on a stand-alone basis. For example, customers can purchase most of our sensors and accompanying

software to integrate with their own systems, or they can purchase a complete turn-key solution, including installation, monitoring and assessment services. Importantly, however, we do not sell certain of our advanced and proprietary software and other products as stand-alone offerings; instead, we embed them in our comprehensive service offerings to protect our investment in intellectual property while providing an added value which generates a substantial source of recurring revenues.

Asset protection is a large and rapidly growing industry that consists of NDT inspection, DT inspection, PdM and MI services and inspection data management and analysis. NDT plays a crucial role in assuring the operational and structural integrity and reliability of critical infrastructure without compromising the usefulness of the tested materials or equipment. The evolution of NDT services, in combination with broader industry trends, including increased asset utilization and aging of infrastructure, the desire by companies to extend the useful life of their existing infrastructure, new construction projects, enhanced government regulation and the shortage of certified NDT professionals, have made NDT an integral and increasingly outsourced part of many asset-intensive industries. Well-publicized industrial and public infrastructure failures and accidents such as the Deepwater Horizon oil spill in the Gulf of Mexico and the I-35W Mississippi River bridge collapse in Minnesota, and a number of recent refinery accidents continues to raise the level of safety and environmental awareness of regulators, while owners and operators are recognizing the benefits that asset protection solutions can provide.

Historically, NDT solutions predominantly used qualitative testing methods aimed primarily at detecting defects in the tested materials. This methodology, which we categorize as “traditional NDT,” is typically labor intensive and, as a result, considerably dependent upon the availability and skill level of the certified technicians, engineers and scientists performing the inspection services. The traditional NDT market has been highly fragmented, with a significant number of small vendors providing inspection services to divisions of companies or local governments situated in close proximity to the vendor’s field inspection engineers and technicians. The trend over the past several years, however, is for customers to look for a select few vendors capable of providing a wider spectrum of asset protection solutions for global infrastructure that we call “one source”. This shift in underlying demand, which began in the early 1990s and has accelerated more recently, has contributed to a transition from traditional NDT solutions to more advanced solutions that employ automated digital sensor technologies and accompanying enterprise software, allowing for the effective capture, storage, analysis and reporting of inspection and engineering results electronically and in digital formats. These advanced techniques, taken together with advances in wired and wireless communication and information technologies, have further enabled the development of remote monitoring systems, asset-management and predictive maintenance capabilities and other data analytics and management. We believe that as advanced asset protection solutions continue to gain acceptance among asset-intensive organizations, those vendors offering broad, complete and integrated solutions, scalable operations and a global footprint will have a distinct competitive advantage. Moreover, we believe that vendors that are able to effectively deliver both advanced solutions and data analytics, by virtue of their access to customers’ data, create a significant barrier to entry for competitors, and lead the opportunity to create significant recurring revenues.

Mistras operates in a highly competitive, but fragmented market. Our primary competitors are divisions of large companies, and many of our other competitors remain to be small independent local companies which may be, limited to a specific product, service or technology and focused on a niche market or geographic region. We focus our strategic sales, marketing and product development efforts on a range of infrastructure-intensive based industries and governmental authorities. In general, our largest markets in broad terms are energy-related infrastructure where we perform fitness for service inspection and engineering based services on fixed and rotating assets.

   Company Address: 195 Clarksville Road Princeton Junction 8550 NJ
   Company Phone Number: 716-4000   Stock Exchange / Ticker: NYSE MG

Customers Net Income grew by MG's Customers Net Profit Margin grew to

33.69 %

6.98 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


Stock Performances by Major Competitors

5 Days Decrease / Increase
GE   -3.65%    
TISI   -4.66%    
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Mistras Group Inc

Mistras Group Inc Posts Impressive 16.819% Revenue Growth in Q4 2023

Investors in MISTRAS Group, Inc. (MG: NYSE) have been closely monitoring the company's financial performance, particularly in the fiscal fourth quarter of 2023. The latest earnings report has revealed some key insights into the company's revenue and earnings trends, as well as its strategic initiatives moving forward.
In the fourth quarter of 2023, MISTRAS Group reported a decline in earnings per share, with a loss of $-0.08 per share compared to $0.09 per share in the same period the year before. However, the company saw improvements in revenue, with a substantial increase of 16.819% to $176.58 million from $151.15 million in the same quarter a year before. This revenue growth outpaced that of its industry contemporaries, who reported a 5.05% improvement in revenue during the same period.

Mistras Group Inc

Mistras Group Inc Facing Challenges with Declining Numbers, but a Promising Path to Recovery Emerges

As an experienced financial journalist, I have been closely analyzing the recent financial results of Mistras Group Inc, a renowned global leader in asset protection solutions. The company's financial interval ending September 30, 2023, revealed some interesting insights. And while some aspects show a decline, there are positive indicators that suggest a potential rebound for Mistras Group Inc.
Firstly, it is crucial to address the concerning decline in earnings per share (EPS) and net earnings for this reporting period. Mistras Group Inc slipped into a loss of -$0.34 per share compared to the positive $0.14 per share achieved a year before. Similarly, net earnings dropped significantly from $4.394 million to a net loss of -$10.338 million. These figures depict a challenging year for the company, potentially influenced by various market and operational factors.

Product Service News

MISTRAS Group, Inc (MG: NYSE) recently provided an insightful update on the progress of its strategic project named Project Phoenix, aimed at boosting the company's Income from Operations Through this initiative, MISTRAS is planning to leverage reductions in corporate administrative overhead and enhance pricing strategies to drive growth

Published Thu, Nov 2 2023 8:11 PM UTC

MISTRAS Group, Inc. (MG: NYSE) recently provided an insightful update on the progress of its strategic project named Project Phoenix, aimed at boosting the company's Income from Operations. Through this initiative, MISTRAS is planning to leverage reductions in corporate administrative overhead and enhance pricing strategies to drive growth.
In the third quarter of 2023, ...

Mistras Group Inc

Mistras Group Inc Experiences Financial Downturn Despite $0.34M Tax Benefit Amid Tough Market Conditions

In the face of challenging market conditions, Mistras Group Inc, a leading construction services company, reported a disheartening downward trend in its financial performance for the fiscal interval from April to June 2023. Revenue decreased by -5.2% to $169.72 million, resulting in a significant tumble in profits by -93.33% to $0.01 per share compared to $0.15 recorded in the same reporting period one year ago. These figures highlight the company's struggles to maintain its previous levels of success amid industry headwinds.
A Contrast to the Construction Services Industry:
While Mistras Group Inc experienced this decline, the remainder of the Construction Services industry showcased a revenue gain of 3.86% in the second quarter of 2023 relative to the same period a year ago. This contrast emphasizes the challenges faced by Mistras Group Inc within its specific market niche.

Mistras Group Inc

The Construction Services company announced that revenue went up modest, amid the first quarter of 2023 earnings season

Mistras Group Inc is a leading provider of non-destructive testing and inspection services. The company has been in operation for over 40 years, offering reliable and cost-effective solutions to its clients in various sectors, including aerospace, oil and gas, power generation, and infrastructure.
The recent financial report released by Mistras Group Inc showed a decline in earnings per share from the previous reporting season. However, the company recorded a reduced net deficit compared to the corresponding reporting season a year ago. The company has been able to maintain a moderate growth in revenue, indicating that it is still performing well despite the challenging economic climate.


Mistras Group Inc's Segments
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Mistras Group Inc does not provide revenue guidance.

Earnings Outlook
Mistras Group inc does not provide earnings estimates.

Geographic Revenue Dispersion


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