Mistras Group, Inc. (MG) Tops Q3 EPS by 7c, Lowers High End of FY Revenue Guidance

Mistras Group, Inc. (NYSE: MG) reported Q3 EPS of $0.12, $0.07 better than the analyst estimate of $0.05. Revenue for the quarter came in at $160.4 million versus the consensus estimate of $164.2 million.

GUIDANCE:

Mistras Group, Inc. sees FY2016 revenue of $710-715 million, versus prior guidance of $710-725 million and the consensus of $720 million.

• The Company expects to achieve low to mid-single digit organic revenue growth in its fourth quarter that will be mostly offset by adverse foreign exchange and dispositions.
• Adjusted EBITDA range increased; now $84 million to $87 million or 17% to 21% higher than prior year. The Company expects Adjusted EBITDA may exceed 12% of revenues, compared with 10.1% in the prior year.

For earnings history and earnings-related data on Mistras Group, Inc. (MG) click here.

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