NYSE$MG

Mistras Group Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Mistras reported revenue growth and expanded data solutions offerings.

Mistras Group, Inc. reported a 5.2% organic revenue growth in Q1 2022, driven by the Services and International segments. The company is experiencing growth in its data solutions offerings, including OneSuite and Sensoria. The company expects to grow revenue to between $695 and $715 million, which should generate Adjusted EBITDA between $65 to $69 million.

  • Revenue increased by 5.2% organically.
  • SG&A expenses decreased by 1.7% sequentially.
  • Net loss was $5.4 million.
  • Adjusted EBITDA was $5.5 million.

Headline financials

Total Revenue

$162M

Previous: $154M+5.2%
EPS (adj)

-$0.20

Previous: -$0.14-42.9%
Adjusted EBITDA

$5.54M

Previous: $7.04M-21.3%
Capital Expenditures

-$3.06M

Previous: -$4M+23.5%
Free Cash Flow

-$8.42M

Previous: -$9.37M+10.0%
Net Income

-$5.36M

Previous: -$5.36M-0.0%
Operating Income

-$4.7M

Previous: -$4.75M+1.0%
Gross Profit

$39.9M

Previous: $40M-0.3%
Cash & Equivalents

$19.9M

Previous: $24.2M-17.6%
Total Assets

$568M

Previous: $584M-2.8%
Stock-Based Comp

$1.52M

No prior period

Revenue & EPS history

Mistras · Revenue · Quarterly

$162M

Q1 2022+5.2%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Mistras · $31.1M total across 2 segments · Q1 2022

  • International
    $28.1M+1.8%
  • Products and Systems
    $2.94M-1.7%

Forward guidance

The Company expects to grow revenue to between $695 and $715 million, which should generate Adjusted EBITDA between $65 to $69 million. The Company’s free cash flow is expected to be between $27 to $30 million.

Tailwinds

  • Strong energy markets
  • Improving commercial aerospace demand
  • Robust industrial manufacturing
  • Rapidly developing Data Solutions
  • Achieving outlook projections

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.5%

Avg return

Earnings day

-1.5%

Avg return

5 days after

+1.1%

Avg return

30 days after

56%

35 / 62 earnings

Positive

+41.9%

Q1 2015

Best reaction

-25.0%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+1.0%-9.1%-5.8%
Q4 2025-5.8%-8.2%-2.4%
Q3 2025+0.1%-1.0%+24.0%
Q1 2025-0.4%-6.9%-2.6%
Q4 2024+12.2%+7.9%+1.4%
Q3 2024-25.0%-25.5%-17.4%
Q2 2024+1.0%-1.3%+19.2%
Q1 2024+5.6%+2.3%-2.3%
Q4 2023+8.1%+7.6%+15.6%
Q3 2023+10.2%+10.8%+24.3%
Q2 2023-21.4%-31.1%-30.9%
Q1 2023-15.8%-14.2%-14.2%
Q4 2022+3.0%+5.6%+38.2%
Q3 2022-13.4%-10.9%-24.3%
Q2 2022+2.7%+0.0%-14.8%
Q1 2022+4.0%-3.3%+2.8%
Q4 2021-0.2%+2.5%-3.5%
Q3 2021-10.6%-11.6%-25.3%
Q2 2021+0.8%-1.6%+0.6%
Q1 2021-4.0%-15.0%-10.1%
Q4 2020+9.9%+6.3%+7.0%
Q3 2020+4.9%+22.3%+52.1%
Q2 2020+18.2%+21.5%+24.9%
Q1 2020+2.5%+15.6%+33.4%
Q4 2019+6.0%+11.5%-4.5%
Q3 2019-11.2%-8.5%-14.7%
Q2 2019+12.0%+11.3%-1.8%
Q1 2019-5.2%-3.6%+0.6%
Q4 2018-9.0%-8.7%-12.1%
Q3 2018-12.3%-11.3%-17.6%
Q2 2018+13.5%+9.3%+10.7%
Q1 2018+1.1%-6.2%+0.7%
Q4 2017-2.7%-2.8%-1.9%
Q3 2017+6.6%+5.8%+6.4%
Q2 2017-5.3%-11.0%-1.4%
Q1 2017+1.1%-2.9%-7.2%
Q4 2016-11.3%-1.9%-6.6%
Q3 2016-6.4%
Q2 2016+15.6%
Q1 2015+41.9%
Q4 2015-14.7%
Q3 2015-2.0%
Q2 2015+17.9%
Q3 2014-3.1%
Q2 2014+3.0%
Q1 2014+1.8%
Q4 2013+10.5%
Q3 2013+6.7%
Q2 2013-4.7%
Q1 2013-12.5%
Q4 2012-10.7%
Q3 2012-1.8%
Q2 2012+2.3%
Q1 2012+0.0%
Q4 2011-6.7%
Q3 2011+5.2%
Q2 2011+10.3%
Q1 2011+4.7%
Q4 2010+1.7%
Q3 2010-0.5%
Q2 2010+2.5%
Q1 2009+0.6%

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