Mistras Group, Inc. (MG) Misses Q4 EPS by 4c, provides guidance

Mistras Group, Inc. (NYSE: MG) reported Q4 EPS of $0.10, $0.04 worse than the analyst estimate of $0.14. Revenue for the quarter came in at $182.07 million versus the consensus estimate of $174.16 million.

GUIDANCE:

Mistras Group, Inc. sees FY2024 revenue of $725-750 million, versus the consensus of $724.7 million and Adjusted EBITDA between $84-$89 million. The Company additionally expects to generate Free Cash Flow of between $34-$38 million. This outlook for 2024 includes approximately $20 million in incremental benefit from savings associated with Project Phoenix initiatives in 2024.

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

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