Mistras Group (MG) Misses Q1 EPS by 8c

Mistras Group (NYSE: MG) reported Q1 EPS of $0.04, $0.08 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $166.6 million versus the consensus estimate of $156.5 million.

Outlook and Guidance for Fiscal 2015

The Company expects that NACHER will add approximately $25 million to its revenues during fiscal year 2015, which increases total revenues expected for fiscal year 2015 to a range of from $705 million to $730 million, representing growth of 13% to 17% over prior year.

The Company is maintaining its expected range of Adjusted EBITDA of $78 million to $84 million, representing an increase of from 11% to 20%, with most of the increase occurring in the second half of its fiscal year. The Company expects that the EBITDA generated by the NACHER acquisition will offset the shortfall experienced in the first quarter.

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

You May Also Be Interested In

• BayCom Corp (BCML) Misses Q1 EPS by 4c
• United Security Bancshares (UBFO) Reports Q1 EPS of $0.24
• Intuitive Surgiical (ISRG) beats earnings, revenue expectations in Q1