Mistras Stock Price, News & Analysis

MISTRAS Group, Inc. (MG: NYSE) announced the immediate departure of Senior Executive Vice President and COO Jonathan Wolk. Dennis Bertolotti, the company’s President and CEO, will take over Wolk's responsibilities temporarily. The Board also revealed a partnership with AlixPartners to conduct an operational review aimed at enhancing profitable growth and EBITDA. Dr. Sotirios J. Vahaviolos, Executive Chairman, emphasized that this collaboration is expected to reveal margin improvement opportunities and sustained cost savings. The company's focus is on driving shareholder value, ensuring a robust strategy for future growth.

MISTRAS Group, Inc. (NYSE: MG) announces a live management fireside chat at the Sidoti Micro-Cap Virtual Investor Conference on November 9, 2022, at 11:30 AM ET. Hosted by CEO Dennis Bertolotti and CFO Edward Prajzner, the chat will cover MISTRAS' innovative asset protection solutions, including OneSuite™ and Sensoria™. Registrations for the chat and one-on-one meetings are free, not requiring Sidoti client status. The company focuses on maximizing uptime and safety across various industries, including energy and civil infrastructure.

MISTRAS Group (MG) reported a 2.2% revenue growth in Q3 2022, totaling $178.5 million, driven by a strong performance in the Services segment and a 27% rise in Aerospace & Defense revenue. Gross profit increased to $53.8 million, with a margin of 30.1%. Net income reached $4.4 million or $0.14 per diluted share, reflecting a 29.4% increase. The company successfully refinanced its debt, enhancing liquidity and flexibility. However, international revenues fell 11.7% and inflationary pressures impacted profit margins. MISTRAS is updating its full-year revenue outlook to $683-$693 million.

MISTRAS Group, Inc. (NYSE:MG) will hold a conference call on November 3, 2022, at 9:00 am ET to discuss its third-quarter results. A corresponding press release will be issued after market close on November 2, providing insights into the company’s financial performance. Investors can access the call via the Investor Relations section of the MISTRAS website, where a live Q&A session will be available for registered participants. MISTRAS Group specializes in asset protection solutions across various industries, including oil and gas, aerospace, and manufacturing.

MISTRAS Group, Inc. (MG: NYSE) announced its participation in The Windy City Roundup Investor Conference on October 12-13, 2022, at Swissôtel, Chicago. CEO Dennis Bertolotti and CFO Edward Prajzner will present on October 12 at 4:30 PM EDT, discussing MISTRAS’ innovative solutions like OneSuite™ and Sensoria™ for asset protection in critical sectors. The company aims to enhance uptime and safety across energy and industrial infrastructure. Interested attendees can register via the provided link.

MISTRAS Group, Inc. (MG: NYSE) announced a presentation by CEO Dennis Bertolotti and CFO Edward Prajzner at the Sidoti Virtual Investor Conference on September 21-22, 2022. The live fireside chat is scheduled for 10:45 AM EDT on September 22, with a link for streaming available online. The discussion will highlight MISTRAS' latest offerings including OneSuite™ and Sensoria™. One-on-one meetings will also be available during the conference. For participation, registration is free at the Sidoti website.

Sensoria by MISTRAS Group has announced a collaboration with Bladena to enhance offshore wind blade integrity and uptime. This partnership aims to tackle the increased failure rates of larger offshore blades with innovative monitoring technology and retrofit solutions. By minimizing manual inspections and extending blade operational lifetimes, the collaboration seeks to reduce wind energy costs and enhance turbine efficiency. This approach is expected to lower operational expenditures and improve annual energy production for wind energy operators.

MISTRAS Group, Inc. (MG: NYSE) will participate in two investor conferences: the H.C. Wainwright 24th Annual Global Investment Conference on September 12, 2022, and the Singular Research Autumn Equinox Conference on September 14, 2022. CEO Dennis Bertolotti and CFO Edward Prajzner will present MISTRAS' latest technological advancements, including OneSuite™ and Sensoria™. Both presentations will be available on MISTRAS' Investor Relations webpage. MISTRAS leads in technology-driven asset protection solutions for critical infrastructure across various industries.

MISTRAS Group announced a presentation at the Sidoti Micro-Cap Virtual Conference on August 17-18, 2022, featuring CEO Dennis Bertolotti and CFO Edward Prajzner.

They will showcase new solutions, including OneSuite™ and Sensoria™, aimed at enhancing asset protection.

Attendees can register for the event here. MISTRAS, listed as MG on the NYSE, emphasizes its role in ensuring safety and uptime across critical infrastructure sectors.