Mistras Group, Inc. (NYSE: MG) reported Q1 EPS of $0.23, $0.14 better than the analyst estimate of $0.09. Revenue for the quarter came in at $179.9 million versus the consensus estimate of $163.47 million.

Mistras Group, Inc. sees FY2015 revenue of $710-725 million, versus the consensus of $716.87 million.

The Company also announced that its Board of Directors authorized a stock repurchase program of up to $50 million of the Company's outstanding common stock. The shares may be repurchased from time to time in open market transactions at prevailing market prices or by other means in accordance with federal securities laws. The actual timing, number and value of shares repurchased under the program will be determined by management at its discretion and will depend on a number of factors, including the market price of the Company's stock, general market and economic conditions, legal requirements and compliance with the terms of the Company's credit facility.

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