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MISTRAS Q2 revenue misses estimates

Overview

MISTRAS Q2 revenue falls 2.3%, missing analyst expectations, per LSEG data

Net income for Q2 misses estimates at $3.0 mln, per LSEG data

Adjusted EBITDA hits $24.1 mln, beating analyst forecasts, per LSEG data

Outlook

Company expects 2025 Adjusted EBITDA to surpass 2024 levels

MISTRAS not providing full-year guidance for fiscal 2025

Company assessing impact of U.S. trade policy changes on 2025 results

MISTRAS anticipates reduction in accounts receivable balances this year

Result Drivers

BUSINESS MIX - Improved business mix and operating efficiencies led to a 5.1% increase in gross profit

FOREIGN EXCHANGE LOSS - SG&A expenses rose due to a $2.8 mln foreign exchange loss

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 RevenueMiss$185.40 mln$185.70 mln (3 Analysts)
Q2 Net IncomeMiss$3 mln$7.48 mln (3 Analysts)
Q2 Adjusted EBITDABeat$24.10 mln$20.40 mln (3 Analysts)
Q2 Gross Margin29.1%
Q2 Gross Profit$53.90 mln
Analyst Coverage The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "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 $11.50, about 31.2% above its August 5 closing price of $7.91 The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago Press Release: ID:nGNX741yZB (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.)

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