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Mistras Group Inc - MG STOCK NEWS

Welcome to our dedicated news page for Mistras Group (Ticker: MG), a resource for investors and traders seeking the latest updates and insights on Mistras Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mistras Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mistras Group's position in the market.

Rhea-AI Summary
MISTRAS Group, Inc. appoints Hani Hammad as Executive Vice President and Chief Transformation Officer, signaling a strategic move in the company's business transformation journey. Mr. Hammad's proven track record of value creation through the Project Phoenix EBITDA Improvement Program has identified over $47M in annual run rate EBITDA improvement opportunities. With a background in operational and financial transformations in the energy sector, Mr. Hammad is set to lead transformative changes at MISTRAS Group, ensuring sustainable value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.11%
Tags
management
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Rhea-AI Summary
MISTRAS Group, Inc. announces that Manuel N. Stamatakis and Edward Prajzner will present at the Sidoti Virtual Investor Conference on March 13, 2024. The company is a leading provider of asset protection solutions for critical infrastructure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.37%
Tags
conferences
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Rhea-AI Summary
MISTRAS Group, Inc. (MG: NYSE) reported a Q4 2023 revenue of $182.1 million, up 8.2%, with a net loss of $2.5 million. Adjusted EBITDA was $19.2 million, up 22.0%. Full Year 2023 saw revenue of $705.5 million, up 2.6%, with a net loss of $17.5 million. The company anticipates revenue between $725-$750 million and Adjusted EBITDA between $84-$89 million for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.07%
Tags
earnings
Rhea-AI Summary
MISTRAS Group, Inc. (MG: NYSE) will hold a conference call on March 7, 2024, to discuss its fourth-quarter and fiscal year 2023 results. The webcast will be available on their website, with a live Q&A session. An archived webcast will be accessible for a year post the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
none
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Rhea-AI Summary
MISTRAS Group, Inc. (MG: NYSE) announced that Edward J. Prajzner, Senior Executive Vice President and CFO, will be participating in the Sidoti Micro-Cap Virtual Investor Conference on January 18, 2024, at 10:45 AM ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.04%
Tags
conferences
-
Rhea-AI Summary
MISTRAS Group, Inc. (MG: NYSE) announces Edward Prajzner, Senior Executive Vice President and CFO, will present at the Sidoti Micro Cap Virtual Conference on November 16, 2023, at 10:45 AM ET. The company provides technology-enabled asset protection solutions for critical energy, industrial, and public infrastructure. To attend the presentation and register for one-on-one meetings, visit the provided links.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
conferences
Rhea-AI Summary
MISTRAS Group, Inc. provides an update on Project Phoenix, a strategic program aimed at increasing Income from Operations. The company has completed the validation of a majority of the initial Project Phoenix opportunities, including the transformation of the Products and Systems segment. They have implemented initiatives to address inflationary costs and reduce overhead expenses. The actions completed are expected to yield annualized projected 2024 cost savings of approximately $12 million. The company also plans to implement strategic price increases to improve revenue. The goal is to improve Income from Operations in 2024 by approximately $30 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.65%
Tags
none
-
Rhea-AI Summary
MISTRAS Group, Inc. reported a 0.5% increase in revenue to $179.4 million for the third quarter of 2023. Gross profit margin improved to 30.3%. Selling, general and administrative expenses decreased by 3.0% to $39.5 million. The company recorded a net loss of $10.3 million, primarily due to a non-cash impairment charge of $13.8 million. Adjusted EBITDA increased by 12.5% to $20.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.65%
Tags
earnings
-
Rhea-AI Summary
MISTRAS Group, Inc. has scheduled a conference call to discuss its Q3 2023 results. The call will take place on November 3, 2023, at 9:00 am Eastern Time. The third quarter results will be released on November 2, 2023. A live webcast and an archived webcast will be available on MISTRAS Group's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Rhea-AI Summary
MISTRAS Group, Inc. grants stock options to new Chairman of the Board and Interim President and CEO, Manuel N. Stamatakis.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.58%
Tags
management
Mistras Group Inc

NYSE:MG

MG Rankings

MG Stock Data

294.40M
19.91M
36.79%
51.27%
0.63%
Engineering Services
Professional, Scientific, and Technical Services
Link
United States
Princeton Junction

About MG

mistras is a leading "one source"​ global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of critical energy, industrial and public infrastructure. mission critical services and solutions are delivered globally and provide customers with asset life extension, improved productivity and profitability, compliance with government safety and environmental regulations, and enhanced risk management operational decisions. mistras uniquely combines its industry-leading products and technologies - 24/7 on-line monitoring of critical assets; mechanical integrity (mi) and non-destructive testing (ndt) services; destructive testing (dt) services; process and fixed asset engineering and consulting services; and its world class enterprise inspection data management and analysis software (pcms™) to provide comprehensive and competitive products, systems and services solutions from a single source provider.