Quarterly ResultMay 5, 2026, 05:22 PM
MISTRAS Q1 Revenue $169.0M, Net Income $2.4M, Adj. EBITDA $14.3M
AI Summary
MISTRAS Group, Inc. reported strong financial results for the first quarter ended March 31, 2026. The company achieved a 4.6% increase in revenue to $169.0 million, driven by significant growth in strategic markets like Aerospace & Defense, despite a decline in Oil & Gas revenue. GAAP net income improved to $2.4 million from a net loss in the prior year, and Adjusted EBITDA increased by 18.7% to $14.3 million. MISTRAS also reaffirmed its full-year 2026 guidance for both revenue and Adjusted EBITDA.
Key Highlights
- Revenue increased 4.6% to $169.0 million in Q1 2026.
- GAAP Net Income was $2.4 million, compared to a net loss of $3.2 million in Q1 2025.
- Diluted EPS was $0.07, compared to $(0.10) in Q1 2025.
- Adjusted EBITDA rose 18.7% to $14.3 million, with an 8.5% margin.
- Gross profit margin expanded 120 basis points to 26.5%.
- Aerospace & Defense revenue grew 35.5%, or $7.2 million.
- Oil & Gas revenue declined by $11.1 million due to project deferrals.
- Reaffirmed full-year 2026 revenue guidance of $730.0 million to $750.0 million.
Price Impact
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