Mistras Group (MG) Misses Q1 EPS by 8c

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Go back to Mistras Group (MG) Misses Q1 EPS by 8c

Mistras Group Announces Results for First Quarter FY'15

October 7, 2014 4:01 PM EDT

PRINCETON JUNCTION, N.J., Oct. 7, 2014 (GLOBE NEWSWIRE) -- Mistras Group, Inc. (NYSE: MG), a leading "one source" global provider of technology-enabled asset protection solutions, today reported financial results for its first quarter of fiscal year 2015, which ended August 31, 2014.

During the first quarter of fiscal year 2015, the Company's revenues increased 23% over the prior year's first quarter, reaching $166.6 million. Net income for the first quarter was $1.7 million, or $0.06 per diluted share, compared with the prior year first quarter's net income of $5.6 million and $0.19 per diluted share. Excluding acquisition-related items, net income in the first quarter of... More