NYSE$MG
Mistras Group Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Reported sequential quarterly revenue growth and year-over-year gross profit margin increase, alongside continued positive operating cash flow and debt reduction.
MISTRAS Group reported a decrease in revenue compared to the previous year, but saw sequential quarterly revenue growth. The company also experienced an increase in gross profit margin and a decrease in SG&A expenses. They remained operating and free cash flow positive.
- Revenue decreased 23.0% year over year, but increased 18.9% sequentially.
- Gross profit margin increased by 190 basis points to 32.0%.
- SG&A expenses decreased by $5.2 million, or 12.3%.
- Net income was $1.6 million, or $0.05 per share.
Headline financials
Revenue & EPS history
Mistras · Revenue · Quarterly
$148M
Revenue by segment
Mistras · $30.4M total across 2 segments · Q3 2020
- International$26.5M-28.5%87.1%
- Products and Systems$3.93M-28.8%12.9%
Forward guidance
Fourth quarter consolidated revenue will be relatively flat to slightly down from the third quarter, adjusted EBITDA will be lower than the third quarter, while operating and free cash flow are expected to be higher than the third quarter.
Tailwinds
- Operating cash flow are expected to be higher than the third quarter.
- Free cash flow are expected to be higher than the third quarter.
Headwinds
- Ongoing COVID-19 pandemic continues to significantly impact the Company’s two largest markets, Oil & Gas and Aerospace.
- Oil & Gas industry appears to be signaling a flattening for the fourth quarter
- Aerospace is also facing strong headwinds.
- Fourth quarter consolidated revenue will be relatively flat to slightly down from the third quarter
- Adjusted EBITDA will be lower than the third quarter
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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