MISTRAS Q1 revenue rises 4.6%, beats estimates, Adjusted EBITDA misses

Mistras

05/05/2026 22:17

Overview

US asset integrity solutions firm's Q1 revenue rose 4.6%, beating analyst expectations

Adjusted EBITDA for Q1 increased 18.7% but missed analyst estimates

Revenue growth driven by strength in strategic markets, offsetting Oil & Gas declines

Outlook

MISTRAS reaffirms 2026 revenue guidance of $730 mln to $750 mln

Company maintains 2026 adjusted EBITDA outlook of $91 mln to $93 mln

Oil & Gas field inspections may remain impacted by high crude oil prices in Q2 2026

Result Drivers

STRATEGIC MARKETS GROWTH - Revenue growth was primarily driven by a 30% increase in strategic markets including Aerospace & Defense, Power Generation, Infrastructure, and Industrials

OIL & GAS DECLINE - Declines in Oil & Gas revenue due to project deferrals and lower activity from high crude oil prices partially offset overall growth

MARGIN EXPANSION - Gross profit margin rose 120 basis points, driven by a shift to higher-value work, pricing discipline, and operational efficiencies

Company press release: ID:nGNX4xqcW0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$169 mln
$166.23 mln (3 Analysts)
Q1 Net Income
$2.40 mln
Q1 Adjusted EBITDA
Miss
$14.30 mln
$14.80 mln (3 Analysts)
Q1 Gross Margin
26.50%
Q1 Gross Profit
$44.70 mln
Q1 Operating Cash Flow
-$4.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the integrated oil & gas peer group is "buy"

Wall Street's median 12-month price target for Mistras Group Inc is $18.25, about 3.5% below its May 5 closing price of $18.91

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)