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
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$185.40 mln
$185.70 mln (3 Analysts)
Q2 Net Income
Miss
$3 mln
$7.48 mln (3 Analysts)
Q2 Adjusted EBITDA
Beat
$24.10 mln
$20.40 mln (3 Analysts)
Q2 Gross Margin
29.1%
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.)