Mistras Group, Inc. (MG) Tops Q2 EPS by 13c, Raises FY Ebitda Guidance

Mistras Group, Inc. (NYSE: MG) reported Q2 EPS of $0.39, $0.13 better than the analyst estimate of $0.26. Revenue for the quarter came in at $194.8 million versus the consensus estimate of $184.98 million.

GUIDANCE:

Mistras Group, Inc. sees FY2016 revenue of $710-725 million, versus the consensus of $716.65 million.​

Adjusted EBITDA range raised; now $79 million to $83 million. Profits for the first two quarters have exceeded plan, and the Company now expects Adjusted EBITDA will exceed the original guidance range, despite the difficult market.

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

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