NYSE$MG

Mistras Group Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Mistras Group's Q4 2019 results reflected a slight decrease in revenue and a decrease in gross profit, while free cash flow increased.

Mistras Group reported a slight decrease in revenue for Q4 2019, with a corresponding decrease in gross profit. However, the company saw an increase in free cash flow and continued to focus on debt repayment.

  • Cash flows from operations increased by 6.6% to $18.6 million.
  • Free cash flow increased by 12.9% to $13.7 million.
  • Debt repayment was $13.1 million.
  • SG&A expenses decreased by $0.9 million to $42.6 million.

Headline financials

Total Revenue

$179M

Previous: $181M-1.0%
EPS (adj)

$0.03

Previous: $0.06-50.0%
Capital Expenditures

$4.77M

Previous: $5.2M-8.2%
Free Cash Flow

$13.7M

Previous: $12.3M+11.5%
Net Income

$836K

Previous: -$1.06M+178.8%
Operating Income

$2.34M

Previous: $2.5M-6.7%
Gross Profit

$50.6M

Previous: $52.3M-3.3%
Cash & Equivalents

$15M

Previous: $25.5M-41.2%
Total Assets

$720M

Previous: $694M+3.7%
Stock-Based Comp

$1.17M

Previous: $1.35M-13.3%

Revenue & EPS history

Mistras · Revenue · Quarterly

$179M

Q4 2019-1%vs Q4 2018
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

Mistras · $40.3M total across 2 segments · Q4 2019

  • International
    $35M
  • Products and Systems
    $5.36M

Forward guidance

Due to the weakening Oil and Gas market entering Q4 2019, which was believed would continue into the first quarter of 2020. Additional macro concerns have since surfaced, most prominently the impact of COVID-19 coronavirus (“COVID-19”), while crude oil prices remain under intense pressure, the Company will not provide full year guidance.

Headwinds

  • Company experienced a weakening Oil and Gas market coming into the fourth quarter of 2019
  • The Company anticipates fiscal 2020 results to follow this historical pattern.
  • Low crude prices further impacting the first quarter of 2020.
  • COVID-19 are further impacting the first quarter of 2020.
  • The Company expects revenue for first quarter of 2020 to be down sequentially from the fourth quarter of 2019 as well as from the first quarter of last year, by approximately mid-teens percentage.

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 Q4 2019

Historical avgQ4 2019

+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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