Quarterly ResultMay 5, 2026, 05:08 PM
Mistras Group Q1 Revenue +4.6% to $169M; Net Income $2.4M; Adj. EBITDA +18.7%
AI Summary
Mistras Group reported strong financial results for Q1 2026, with revenue increasing 4.6% to $169.0 million and gross profit margin expanding by 120 basis points to 26.5%. The company achieved GAAP net income of $2.4 million, or $0.07 per diluted share, a significant improvement from a net loss in the prior year. Adjusted EBITDA grew 18.7% to $14.3 million. Growth in strategic markets like Aerospace & Defense offset declines in Oil & Gas, and the company reaffirmed its full-year 2026 guidance.
Key Highlights
- Revenue increased 4.6% to $169.0 million.
- Gross profit margin expanded 120 basis points to 26.5%.
- GAAP Net Income was $2.4 million, or $0.07 per diluted share.
- Adjusted EBITDA rose 18.7% to $14.3 million, with an 8.5% margin.
- Aerospace & Defense revenue grew 35.5% ($7.2M increase).
- Oil & Gas revenue declined $11.1 million due to project deferrals.
- Reaffirmed 2026 revenue guidance of $730.0M to $750.0M.
- Reaffirmed 2026 Adjusted EBITDA guidance of $91.0M to $93.0M.