Mistras Group Inc
Description
Mistras Group, Inc. provides technology-enabled asset protection solutions in the United States, other Americas, Europe, and the Asia-Pacific. The company offers non-destructive testing services; inline inspection for pipelines; and plant condition management software. It also provides maintenance and light mechanical services, such as corrosion removal, mitigation and prevention, insulation installation and removal, electrical, heat tracing, industrial cleaning, pipefitting, and welding; engineering consulting services primarily for process equipment, technologies, and facilities; and utilizes scaffolding and rope access to access at-height and confined assets. In addition, the company offers certified divers for subsea inspection and maintenance; unmanned aerial, land-based, and subsea systems for inspection applications; online condition-monitoring solutions; quality assurance and quality control solutions for new and existing metal and alloy components, materials, and composites. Further, it builds monitoring systems, as well as provides inspection, maintenance, monitoring and data services; and Web-based solutions. Additionally, the company designs, manufactures, and sells acoustic emission sensors, instruments, and turnkey systems for monitoring and testing materials, pressure components, processes, and structures; and ultrasonic testing equipment. It serves oil and gas, aerospace and defense, fossil and nuclear power, power generation and transmission, civil infrastructure, manufacturing, industrial, public infrastructure, petrochemical, transportation, and other process industries, as well as infrastructure, research, and engineering industries. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.
About
Earnings
Date | Estimate EPS | Actual EPS | Difference | % Surprise |
---|---|---|---|---|
Oct 28, 2025 | — | — | — | — |
Jul 29, 2025 | — | — | — | — |
Apr 29, 2025 | — | — | — | — |
Mar 5, 2025 | 0.13 | — | — | — |
Oct 31, 2024 | 0.27 | 0.20 | -0.07 | -25.93% |
Earnings estimate
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
---|---|---|---|---|
Number of analysts | — | 2 | — | 2 |
Average estimate | — | 0.16 | — | 0.85 |
Low estimate | — | 0.16 | — | 0.83 |
High estimate | — | 0.16 | — | 0.86 |
Last year EPS | — | 0.07 | — | 0.60 |
Growth estimates
Analyst Ratings
Date | Firm | Action | Rating | Price Target |
---|---|---|---|---|
May 2, 2024 |
EF Hutton
Tim Moore
|
Downgrade | Hold | ▼ Lowers $12 → $11 |
Aug 7, 2023 |
EF Hutton
Tim Moore
|
Initiates | Buy | Announces $11 |
Mar 17, 2022 |
B of A Securities
Andrew Obin
|
Upgrade | Neutral | ▼ Lowers $11 → $7.75 |
May 12, 2020 |
Maxim Group
|
Downgrade | Hold | — |
Mar 26, 2020 |
Sidoti& Co.
|
Maintains | Buy | — |
Mar 26, 2020 |
Sidoti & Co.
Edward Marshall
|
Maintains | Buy | ▼ Lowers $21 → $15 |
Oct 31, 2019 |
Maxim Group
|
Initiates | Buy | — |
Mar 14, 2019 |
Canaccord Genuity
|
Maintains | Hold | ▼ Lowers $20 → $16.5 |
May 11, 2018 |
Bank of America
|
Downgrade | Underperform | — |
May 11, 2018 |
B of A Securities
|
Downgrade | Underperform | — |
Nov 8, 2017 |
Canaccord Genuity
|
Maintains | Hold | ▲ Raises $20 → $22 |
Oct 2, 2017 |
Baird
|
Downgrade | Neutral | — |
Aug 11, 2017 |
Baird
Andrew Wittmann
|
Maintains | Outperform | ▲ Raises $19 → $21 |
Aug 10, 2017 |
Canaccord Genuity
|
Maintains | Hold | ▼ Lowers $22 → $20 |
Jan 10, 2017 |
Canaccord Genuity
|
Initiates | Hold | — |
Aug 12, 2016 |
Baird
|
Upgrade | Outperform | — |
Apr 7, 2016 |
KeyBanc
|
Downgrade | Sector Weight | — |
Apr 7, 2016 |
Keybanc
|
Downgrade | Sector Weight | — |
Aug 17, 2015 |
KeyBanc
|
Upgrade | Overweight | — |
Aug 17, 2015 |
Keybanc
|
Upgrade | Overweight | — |
Aug 7, 2015 |
Stephens & Co.
|
Downgrade | Equal-Weight | ▼ Lowers $24 → $17 |
Aug 7, 2015 |
JP Morgan
|
Maintains | Neutral | ▼ Lowers $20 → $16 |
Jun 12, 2015 |
JP Morgan
|
Initiates | Neutral | — |
Oct 8, 2014 |
Bank of America
|
Maintains | Buy | — |
Oct 8, 2014 |
B of A Securities
|
Maintains | Buy | ▼ Lowers $29 → $25 |
Jan 7, 2014 |
B of A Securities
|
Upgrade | Buy | ▲ Raises $19 → $28 |
Jan 7, 2014 |
Bank of America
|
Upgrade | Buy | — |
Jul 11, 2013 |
B of A Securities
|
Downgrade | Neutral | ▼ Lowers $28 → $19 |
Jul 11, 2013 |
Bank of America
|
Downgrade | Neutral | — |
Jun 27, 2013 |
DA Davidson
|
Maintains | Neutral | ▼ Lowers $23 → $19 |
Income statement
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total reported revenue | 705.47M | 687.37M | 677.13M | 592.57M | 748.59M |
Cost of revenue | 501.67M | 489.20M | 479.98M | 414.04M | 531.29M |
Gross profit | 203.81M | 198.17M | 197.15M | 178.53M | 217.30M |
Operating expense | |||||
Research & development | 1.72M | 1.99M | 2.52M | 2.89M | 3.05M |
Selling general and admin | 166.75M | 166.40M | 161.33M | 157.16M | 169.47M |
Other operating expenses | — | — | — | — | — |
Operating income | 25.23M | 19.08M | 21.35M | 4.96M | 25.01M |
Non operating interest income | |||||
Income | — | — | — | — | — |
Expense | 16.76M | 10.51M | 10.88M | 12.96M | 13.70M |
Other income expense | -27.14M | 723,000 | -3.18M | -106.18M | -875,000 |
Pretax income | -18.67M | 9.29M | 7.29M | -114.17M | 10.44M |
Tax provision | -1.22M | 2.72M | 3.40M | -14.71M | 4.36M |
Net income | -17.45M | 6.57M | 3.89M | -99.47M | 6.08M |
Basic EPS | -0.58 | 0.22 | 0.13 | -3.41 | 0.21 |
Diluted EPS | -0.58 | 0.21 | 0.13 | -3.41 | 0.21 |
Basic average shares | 30.33M | 29.90M | 29.57M | 29.15M | 28.74M |
Diluted average shares | 30.33M | 29.90M | 29.57M | 29.15M | 28.74M |
EBITDA | 59.33M | 52.37M | 56.27M | 40.67M | 63.55M |
Net income from continuing op. | -17.45M | 6.57M | 3.89M | -99.47M | 6.08M |
Minority interests | -8,000 | -75,000 | -33,000 | 5,000 | -20,000 |
Preferred stock dividends | — | — | — | — | — |
Balance sheet
2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|
Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
Total assets | 534.78M | 534.90M | 562.20M | 583.31M | 719.88M |
Current assets | |||||
Cash | — | — | — | — | — |
Cash equivalents | — | — | — | — | — |
Cash and cash equivalents | 17.65M | 20.49M | 24.11M | 25.76M | 15.02M |
Other short term investments | — | — | — | — | — |
Accounts receivable | 132.85M | 123.66M | 109.51M | 107.63M | 136.00M |
Other receivables | — | — | — | — | — |
Inventory | 15.28M | 13.56M | 12.69M | 13.13M | 13.41M |
Prepaid assets | — | — | 15.03M | 16.07M | 14.73M |
Restricted cash | — | — | — | — | — |
Assets held for sale | — | — | — | — | — |
Hedging assets | — | — | — | — | — |
Other current assets | 14.58M | 10.18M | 15.03M | 16.07M | 14.73M |
Non current assets | |||||
Properties | — | — | — | — | — |
Land and improvements | 2.45M | 2.53M | 2.76M | 2.72M | 2.67M |
Machinery furniture equipment | 290.64M | 269.34M | 266.79M | 254.23M | 243.20M |
Construction in progress | — | — | — | — | — |
Leases | — | — | — | — | — |
Accumulated depreciation | -238.78M | -219.11M | -207.76M | -190.01M | -171.80M |
Goodwill | 418.70M | 448.29M | 470.26M | 480.66M | 674.36M |
Investment properties | — | — | — | — | — |
Financial assets | — | — | — | — | — |
Intangible assets | 43.99M | 49.02M | 59.38M | 68.64M | 109.54M |
Investments and advances | — | — | — | — | — |
Other non current assets | 42.10M | 40.81M | 49.46M | 53.39M | 50.17M |
Total liabilities | 344.27M | 336.16M | 361.28M | 386.09M | 433.86M |
Current liabilities | |||||
Accounts payable | 17.03M | 12.53M | 12.87M | 14.24M | 15.03M |
Accrued expenses | 59.67M | 52.83M | 59.28M | 53.85M | 55.80M |
Short term debt | 24.75M | 22.00M | 33.97M | 24.79M | 20.86M |
Deferred revenue | 7.14M | 7.52M | 6.20M | 6.54M | 5.86M |
Tax payable | 1.10M | 1.73M | 755,000 | 2.66M | 2.09M |
Pensions | 6.84M | 6.18M | 6.51M | 6.47M | 6.99M |
Other current liabilities | — | 937,000 | 1.83M | 1.30M | 2.61M |
Non current liabilities | |||||
Long term debt | 192.76M | 193.87M | 192.16M | 220.65M | 261.16M |
Provision for risks and charges | — | — | — | — | — |
Deferred liabilities | 2.55M | 6.28M | 8.39M | 8.24M | 21.29M |
Derivative product liabilities | — | — | — | — | — |
Other non current liabilities | 32.44M | 32.27M | 39.33M | 47.36M | 42.16M |
Shareholders equity | |||||
Common stock | 305,000 | 298,000 | 295,000 | 292,000 | 289,000 |
Retained earnings | -28.94M | -11.49M | -17.99M | -21.85M | 77.61M |
Other shareholders equity | -28.34M | -33.39M | -20.31M | -16.06M | -21.29M |
Total shareholders equity | 190.50M | 198.75M | 200.91M | 197.22M | 286.02M |
Additional paid in capital | 247.17M | 243.03M | 238.69M | 234.64M | 229.21M |
Treasury stock | — | — | — | — | — |
Minority interest | 311,000 | 299,000 | 229,000 | 198,000 | 200,000 |
Cash flow statement
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||||
Net Income | -17.45M | 6.57M | 3.89M | -99.47M | 6.08M | 6.85M | -2.17M | 14.46M | 24.65M | 15.99M | 22.58M | 11.64M | 21.35M | 16.34M | 10.43M | 5.47M | 7.44M |
Depreciation | 34.10M | 33.29M | 34.92M | 35.71M | 38.53M | 34.41M | 31.38M | 32.39M | 32.47M | 33.29M | 28.43M | 26.65M | 22.02M | 18.59M | 15.39M | 12.64M | 11.42M |
Deferred Taxes | -5.28M | -517,000 | 87,000 | -13.41M | -3.60M | 1.86M | -4.85M | -1.78M | 240,000 | -1.75M | -621,000 | -1.73M | -984,000 | 1.78M | 907,000 | 146,000 | 329,000 |
Stock-Based Compensation | 5.71M | 5.34M | 5.42M | 5.85M | 5.77M | 6.11M | 6.57M | 7.32M | 6.51M | 6.58M | 6.26M | 6.29M | 5.10M | 3.75M | 2.70M | 192,000 | 318,000 |
Other Non-Cash Items | -1.37M | 298,000 | 1.07M | 2.74M | 2.32M | -254,000 | -988,000 | -97,000 | -3.12M | -1.22M | -3.32M | -3.26M | -469,000 | 169,000 | 9.92M | 2.05M | 982,000 |
Accounts Receivable | -8.03M | -17.23M | -3.98M | 27.31M | 8.30M | -10.35M | 2.49M | 8.09M | -5.00M | 3.98M | -23.86M | 4.77M | -18.03M | -22.66M | -15.21M | -8.85M | -9.23M |
Accounts Payable | 4.18M | -93,000 | -1.14M | -1.02M | 1.14M | 2.95M | 2.57M | -2.79M | 254,000 | -6.57M | 6.13M | -5.48M | 3.15M | 1.90M | 1.81M | -2.23M | 2.20M |
Other Assets & Liabilities | -1.87M | -1.28M | 278,000 | 84,000 | -302,000 | -2.76M | -117,000 | 608,000 | 911,000 | -433,000 | 1.24M | 987,000 | -1.72M | -30,000 | 1.14M | -917,000 | -2.79M |
Operating Cash Flow | 10.00M | 26.38M | 40.55M | -42.21M | 58.23M | 38.81M | 34.89M | 58.21M | 56.93M | 49.87M | 36.83M | 39.87M | 30.42M | 19.84M | 27.08M | 8.49M | 10.68M |
Investing Activities | |||||||||||||||||
Capital Expenditures | -19.34M | -11.41M | -17.00M | -14.59M | -20.18M | -19.17M | -18.12M | -12.70M | -13.69M | -14.11M | -15.37M | -11.36M | -7.48M | -9.76M | -1.80M | -5.08M | -3.20M |
Net Intangibles | -2.80M | -825,000 | -1.12M | -376,000 | -873,000 | -541,000 | -1.26M | -1.42M | -1.32M | -866,000 | -708,000 | -993,000 | -813,000 | -520,000 | -36,000 | -346,000 | -712,000 |
Net Acquisitions | — | — | -440,000 | — | -4.23M | -135.74M | -83.42M | -8.29M | -1.74M | -34.68M | -21.92M | -33.12M | -29.22M | -26.20M | -14.70M | -10.46M | -15.54M |
Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Investing Cash Flow | -19.34M | -11.41M | -17.44M | -14.59M | -24.41M | -154.91M | -204.34M | -20.99M | -32.19M | -98.73M | -37.30M | -44.49M | -36.70M | -35.96M | -16.50M | -15.54M | -18.73M |
Financing Activities | |||||||||||||||||
Long-Term Debt Issuance | 83.61M | 317.50M | 89.00M | 2.28M | 32.98M | 177.53M | 130.65M | 64.03M | 58.54M | 112.53M | 102.88M | 14.57M | 25.00M | 3.85M | 9.50M | 20.00M | 13.14M |
Long-Term Debt Payments | -89.75M | -332.30M | -109.39M | -78.12M | -73.10M | -58.55M | -59.19M | -81.37M | -95.05M | -106.91M | -98.27M | -12.05M | -25.05M | -13.37M | -75.01M | -17.16M | -6.82M |
Other Financing Charges | -1.57M | -1.53M | -2.86M | -4.08M | -4.05M | -5.29M | -2.77M | -4.61M | -4.41M | -4.31M | -2.35M | -2.21M | -427,000 | 43,000 | -484,000 | 2.07M | — |
Financing Cash Flow | -7.71M | -70.57M | -23.31M | -112.22M | -44.17M | 113.70M | 52.77M | -30.94M | -40.92M | 1.32M | 2.27M | 14.88M | -2.34M | 5.25M | 8.01M | 4.91M | 6.32M |
Other Cash Details | |||||||||||||||||
End Cash Position | 17.65M | 20.49M | 24.11M | 25.76M | 15.02M | 25.54M | 27.54M | 19.15M | 21.19M | 10.56M | 10.02M | 7.80M | 8.41M | 10.88M | 16.04M | 5.67M | 3.56M |
Income Tax Paid | 6.90M | — | 4.71M | 543,000 | 6.10M | 10.98M | 3.06M | 12.36M | 10.69M | 13.24M | 12.92M | 15.64M | 14.87M | 9.26M | 2.31M | 6.51M | 4.81M |
Interest Paid | 17.08M | 8.60M | 10.08M | 12.47M | 14.16M | 7.75M | 4.26M | 3.17M | 4.15M | 4.50M | 3.27M | 3.14M | 2.75M | 2.78M | 3.94M | 4.03M | 2.97M |
Free Cash Flow | 3.10M | 12.99M | 22.99M | 52.03M | 36.19M | 20.54M | 35.23M | 47.34M | 51.95M | 33.87M | 19.29M | 29.98M | 21.00M | 14.66M | 17.00M | 6.95M | 8.42M |