Last $17.38 USD
Change Today -0.05 / -0.29%
Volume 76.7K
MG On Other Exchanges
Symbol
Exchange
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

mistras group inc (MG) Snapshot

Open
$17.46
Previous Close
$17.43
Day High
$17.49
Day Low
$17.37
52 Week High
07/1/14 - $25.48
52 Week Low
10/27/14 - $15.80
Market Cap
497.4M
Average Volume 10 Days
83.7K
EPS TTM
$0.55
Shares Outstanding
28.6M
EX-Date
--
P/E TM
31.5x
Dividend
--
Dividend Yield
--
Current Stock Chart for MISTRAS GROUP INC (MG)

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mistras group inc (MG) Details

Mistras Group, Inc. provides technology-enabled asset protection solutions to evaluate the structural integrity and reliability of critical energy, industrial, and public infrastructure worldwide. The company’s Services segment provides asset protection solutions, including traditional non-destructive testing (NDT) services; advanced NDT services; and mechanical integrity services, as well as destructive testing services. Its Products and Systems segment designs, manufactures, sells, installs, and services acoustic emission (AE) sensors, instruments, and turn-key systems; leak monitoring and detection systems; ultrasonic equipment; and digital radiographic systems to solve specific industrial problems, as well as offers vibration sensing products under the Vibra-Metrics brand name. This segment also provides software solutions comprising Plant Condition Monitoring Software and Systems, an enterprise software that allows its customers for the collection, storage, and analysis of data; Advanced Data Analysis Pattern Recognition and Neural Networks software, which enables AE experts to develop automated remote monitoring systems; AE Software Platform, a windows based real time application software; Loose Parts Monitoring Software program for monitoring, detecting, and evaluating metallic loose parts in nuclear reactor coolant systems; and Automated UT and Imaging Analysis Software for analyzing ultrasonic inspection data, and visualizing and identifying the location and size of flaws. In addition, this segment offers technology packaged solutions, such as Acoustic Combustion Turbine Monitoring System, an on-line system to detect stator blade cracks in gas turbines; TANKPAC for tank inspections; and POWERPAC for monitoring discharges in critical power grid transformers, as well as provides professional engineering services and on-line monitoring services. Mistras Group, Inc. was founded in 1978 and is headquartered in Princeton Junction, New Jersey.

5,300 Employees
Last Reported Date: 08/8/14
Founded in 1978

mistras group inc (MG) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $476.3K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $168.8K
President of Services and Chief Operating Off...
Total Annual Compensation: $323.4K
Group Executive Vice President of Services an...
Total Annual Compensation: $302.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $263.6K
Compensation as of Fiscal Year 2014.

mistras group inc (MG) Key Developments

Mistras Group, Inc. Enters into Third Amendment and Modification Agreement

On October 31, 2014, Mistras Group, Inc. entered into a Third Amendment and Modification Agreement, dated October 31, 2014, to the Third Amended and Restated Credit Agreement, dated December 21, 2011, with Bank of America, N.A., and JPMorgan Chase Bank, N.A., Keybank, National Association and TD Bank, N.A., as lenders. The Amendment increased the company's revolving line of credit to $175 million and provides that under certain circumstances the line of credit can be increased by up to $50 million, for a total potential line of credit of $225 million. The Amendment also extended the original maturity date of the Credit Agreement from December 20, 2016 to October 30, 2019. Interest rates on loans under the Credit Agreement remain the same, except if the company's Funded Debt Leverage Ratio exceeds 2.5 to 1, the maximum rate is now LIBOR plus 1.75% (previously Libor plus 2.0%), or the base rate less .35% (previously base rate less 0.25%). In addition, the Amendment modified the financial covenant for Funded Debt Leverage Ratio by increasing the maximum permitted ratio to 3.25 to 1 from the previous ratio of 3.0 to 1.

Mistras Group, Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-11-2014 02:00 PM

Mistras Group, Inc. Presents at Stephens Inc. Fall Investment Conference 2014, Nov-11-2014 02:00 PM. Venue: New York Palace Hotel, 455 Madison Avenue, New York, New York, United States.

Mistras Group, Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended August 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Mistras Group, Inc. announced unaudited consolidated financial results for the first quarter ended August 31, 2014. For the quarter, the company reported total revenues of $166,573,000 compared with $135,838,000 for the same period a year ago. Income from operations was $3,664,000 compared with $9,575,000 for the same period a year ago. Income before provision for income taxes was $2,759,000 compared with $8,830,000 for the same period a year ago. Net income attributable to the company was $1,666,000 or $0.06 per diluted share compared with $5,641,000 or $0.19 per diluted share for the same period a year ago. Net cash provided by operating activities was $14,515,000 against $11,538,000 a year ago. EBITDA was $11,938,000 against $16,346,000 a year ago. Adjusted EBITDA was $13,144,000 against $15,793,000 a year ago. Diluted EPS excluding acquisition-related items (non-GAAP) was $0.04 against $0.14 a year ago. The company used $3.8 million of cash for capital expenditures and also made noncash outlays to lease $2 million of capital equipment. The company's free cash flow, defined as cash provided by operations less cash used by capital expenditures, was $10.7 million before the net use of cash for acquisitions of $36.8 million. The company expects that NACHER will add approximately $25 million to its revenues during fiscal year 2015, which increases total revenues expected for fiscal year 2015 to a range of from $705 million to $730 million, representing growth of 13% to 17% over prior year. The company is maintaining its expected range of adjusted EBITDA of $78 million to $84 million, representing an increase of from 11% to 20%, with most of the increase occurring in the second half of its fiscal year. The company expects that the EBITDA generated by the NACHER acquisition will offset the shortfall experienced in the first quarter.

 

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MG

Industry Average

Valuation MG Industry Range
Price/Earnings 27.6x
Price/Sales 0.8x
Price/Book 2.0x
Price/Cash Flow 10.3x
TEV/Sales 0.5x
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