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Baird Upgrades Mistras Group (MG) to Outperform

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Mistras Group Exceeds Profit and Revenue Guidance with Strong Fourth Quarter Results; Announces Fiscal Year 2017 Guidance

August 10, 2016 4:01 PM EDT

 Q4 Earnings per Diluted Share of $0.09 including legal settlement, $0.22 (excluding legal settlement)Annual Earnings per Diluted Share of $0.82 including legal settlement, $0.96 (ex-legal settlement)Q4 Adjusted EBITDA $21.4 Million, 11.6% of Revenues; Annual $88.1 Million, 12.2% of RevenuesQ4 Revenue Growth of 5% over prior year Despite Difficult Market and Canadian Oil Sands FiresOperating and Free Cash Flow each grew by over $18 million during Full Fiscal Year

PRINCETON JUNCTION, N.J., Aug. 10, 2016 (GLOBE NEWSWIRE) -- Mistras Group, Inc. (NYSE: MG), a leading "one source" global... More