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Stock impact report

MISTRAS Announces Fourth Quarter and Full Year 2022 Results

Mistras Group Inc (MG) 
Last mistras group inc earnings: 11/4 05:20 pm Check Earnings Report
US:NYSE Investor Relations: investors.mistrasgroup.com
Company Research Source: GlobeNewswire
Significantly Improved Quarterly Operating Profit and Net Income Growth Fourth quarter Gross Profit expands 130 basis points, Operating Income increases 152% 2022 Full Year Net Income of $6.5 million, a 68% increase from the prior year Continued deleveraging, with $11 million of full year debt repayments PRINCETON JUNCTION, N.J., March 08, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its fourth quarter and year ended December 31, 2022. Highlights of the Fourth Quarter 2022* Revenue of $168.2 million, met the mid-point of management’s most recent guidance Gross profit of $50.9 million, with gross profit margin of 30.3%, a 130 basis points increaseIncome from Operations of $5.8 million, a 151.9% increase Net Income of $2.8 million or $0.09 per diluted share, both up significantly Highlights of the Full Year 2022* Revenue of $687 Show less Read more
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