Mistras Group, Inc. (MG) Tops Q1 EPS by 14c, Approves $50M Common Stock Buyback

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Go back to Mistras Group, Inc. (MG) Tops Q1 EPS by 14c, Approves $50M Common Stock Buyback

Mistras Group Announces Strong Results for First Quarter FY'16 and Authorization to Repurchase up to $50 Million of Stock

October 7, 2015 4:01 PM EDT

PRINCETON JUNCTION, N.J., Oct. 7, 2015 (GLOBE NEWSWIRE) -- Mistras Group, Inc. (NYSE: MG), a leading "one source" global provider of technology-enabled asset protection solutions, reported financial results for its first quarter of fiscal year 2016, which ended August 31, 2015.

Revenues were $179.9 million, an increase of 8.0% over the prior year's first quarter. On a constant dollar basis excluding the impact of adverse foreign exchange rates, the Company's revenue improved by 13% over the prior year's first quarter. Net income for the first quarter was $6.9 million, or $0.23 per diluted share, compared with $1.7 million or $0.06 per diluted share in the... More