Mistras Group, Inc. (MG) Tops Q1 EPS by 2c, Lowers FY17 Guidance

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Go back to Mistras Group, Inc. (MG) Tops Q1 EPS by 2c, Lowers FY17 Guidance

Mistras Group Realizes Strong Q1 Profits and Cash Flow Despite Weak Energy Market Conditions

October 6, 2016 4:01 PM EDT

Q1 Earnings per Diluted Share of $0.22 nearly in line with record prior year level of $0.23Q1 Gross Profit Margin improved by 120 basis points over prior yearQ1 Adjusted EBITDA $21.2 Million nearly in line with record prior year level of $22.3 MillionQ1 Adjusted EBITDA Margin of 12.6% exceeds prior years 12.4%, despite 6% Revenue DeclineQ1 Operating Cash Flow 7% higher than prior year, Free Cash Flow 14% higher than prior year

PRINCETON JUNCTION, N.J., Oct. 06, 2016 (GLOBE NEWSWIRE) -- Mistras Group, Inc. (NYSE:... More