Last $22.42 USD
Change Today +0.11 / 0.49%
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As of 4:15 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

mistras group inc (MG) Key Developments

Altran North America and MISTRAS Group, Inc. Enters into Multi-Year Teaming Agreement

MISTRAS Group, Inc. announced that it has signed a multi-year teaming agreement with Altran North America to collectively provide Engineering and Inspection Services and support those services with MISTRAS Products and Systems. The agreement focuses on homogenizing the strengths of both companies to provide its power generation customers with comprehensive, one source, asset protection solutions.

Mistras Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended February 28, 2014; Revised Earnings Guidance for the Fiscal Year 2014

Mistras Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended February 28, 2014. For the quarter, the company's total revenues were $151,727,000 compared to $133,661,000 a year ago. Income from operations was $3,000,000 compared to $4,982,000 a year ago. Income before provision for income taxes was $2,208,000 compared to $4,100,000 a year ago. Net income was $1,224,000 compared to $2,751,000 a year ago. Net income attributable to the company was $1,201,000 or $0.04 per diluted share compared to $2,751,000 or $0.09 per diluted share a year ago. Income from operations before acquisition-related expense, net (non-GAAP) was $3,978,000 compared to $3,770,000 a year ago. EBITDA was $10,277,000 compared to $12,174,000 a year ago. Adjusted EBITDA was $12,521,000 compared to $12,506,000 a year ago. Net Income excluding acquisition-related items (non-GAAP) was $1,821,000 or $0.06 per diluted share compared to $1,939,000 or $0.06 per diluted share a year ago. The company's operations and profitability were adversely impacted by several factors during the third quarter of fiscal year 2014, including shut-downs of numerous customer work sites caused primarily by bad weather, start-up costs related to two important contracts, other one-time costs and weak international results. For the nine months, the company's total revenues were $444,320,000 compared to $384,777,000 a year ago. Income from operations was $27,827,000 compared to $28,435,000 a year ago. Income before provision for income taxes was $25,518,000 compared to $25,977,000 a year ago. Net income was $16,143,000 compared to $16,228,000 a year ago. Net income attributable to the company was $16,099,000 or $0.55 per diluted share compared to $16,195,000 or $0.56 per diluted share a year ago. Income from operations before acquisition-related expense, net (non-GAAP) was $26,297,000 compared to $27,429,000 a year ago. EBITDA was $48,633,000 compared to $48,095,000 a year ago. Adjusted EBITDA was $51,116,000 compared to $51,838,000 a year ago. Net Income excluding acquisition-related items (non-GAAP) was $14,985,000 or $0.51 per diluted share compared to $15,703,000 or $0.54 per diluted share a year ago. The company's operating cash flow was $22.6 million for the first nine months of fiscal year 2014. The company used $11.7 million of cash for capital expenditures. The company's free cash flow, defined as cash provided by operations less cash used for capital expenditures, was $10.7 million during the first 9 months of fiscal 2014. The company is adjusting its previously issued guidance for fiscal 2014 revenues and adjusted EBITDA. Previously the company expected revenue to be in the range of from $590 million to $615 million, and adjusted EBITDA to be in the range of $77 million to $83 million. The company now expects that its revenue will be in the range of $600 million to $615 million, and adjusted EBITDA will be in a range of from $70 million to $74 million.

Mistras Group, Inc. to Report Q3, 2014 Results on Apr 08, 2014

Mistras Group, Inc. announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Apr 08, 2014

Mistras Group, Inc., Q3 2014 Earnings Call, Apr 09, 2014

Mistras Group, Inc., Q3 2014 Earnings Call, Apr 09, 2014

Mistras Group, Inc. Presents at Robert W. Baird Growth Stock Conference, May-06-2014 01:15 PM

Mistras Group, Inc. Presents at Robert W. Baird Growth Stock Conference, May-06-2014 01:15 PM. Venue: Four Seasons Hotel Chicago, 120 East Delaware Place, Chicago, Illinois, United States. Speakers: Jonathan H. Wolk, Chief Financial Officer, Executive Vice President and Treasurer, Sotirios J. Vahaviolos, Founder, Chairman, Chief Executive Officer and President.

 

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