MISTRAS GROUP Reports Lower-Than-Expected Revenue and Non-GAAP EPS
May 5, 2023
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The company’s revenue of $168 million was $0.64 million below analysts’ forecasts, and its Non-GAAP EPS of -$0.12 was $0.08 lower than expected. MISTRAS GROUP ($NYSE:MG) is a global provider of technology-enabled asset protection solutions and related services. The company’s services include non-destructive testing, condition monitoring, asset integrity management, engineering services, and specialized consulting services. Their goal is to provide customers with total asset protection solutions that help them maximize the safety, reliability, and efficiency of their assets.
Earnings
In its earning report of FY2022 Q4 as of December 31 2022, MISTRAS GROUP reported lower-than-expected revenue and non-GAAP EPS. Total revenue for the company amounted to 168.22M USD, which was a 1.7% decrease from the previous year’s figure of 160.78M USD. Despite the revenue decrease, the company’s net income for the quarter was 2.84M USD. Furthermore, total revenue for MISTRAS GROUP had risen steadily over the past three years, increasing from 160.78M USD to 168.22M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mistras Group. More…
| Total Revenues | Net Income | Net Margin |
| 687.37 | 6.5 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mistras Group. More…
| Operations | Investing | Financing |
| 26.41 | -12.24 | -16.32 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mistras Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 534.9 | 336.15 | 6.63 |
Key Ratios Snapshot
Some of the financial key ratios for Mistras Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.8% | -8.9% | 2.9% |
| FCF Margin | ROE | ROA |
| 3.8% | 6.4% | 2.3% |
Stock Price
Despite the lower-than-expected revenue and non-GAAP EPS, MISTRAS GROUP stock opened at $8.1 and closed at $8.2 on Wednesday, up by 1.6% from last closing price of 8.0. This suggests that investors were generally pleased with the company’s overall performance. MISTRAS GROUP’s management is confident that their cost reduction efforts, strong balance sheet and growing presence in the global market will help them navigate this challenging environment and deliver improved results in the near future. Live Quote…
Analysis
At GoodWhale, we conducted an analysis of MISTRAS GROUP‘s wellbeing. Our Risk Rating system revealed that MISTRAS GROUP is a medium risk investment in terms of financial and business aspects. We also detected two risk warnings when we examined its income sheet and balance sheet. If you are interested in further understanding the risk associated with investing in MISTRAS GROUP, you can register on goodwhale.com to check out our detailed report. More…
Peers
MISTRAS Group Inc is a leading provider of technology-enabled asset protection solutions. The company offers a range of products and services that help customers safeguard their assets and improve their operations. MISTRAS Group Inc’s primary competitors are Brady Corp, Marlowe PLC, and Sensys Gatso Group AB.
– Brady Corp ($NYSE:BRC)
Brady Corporation is a Wisconsin-based manufacturer and marketer of identification and security products. The company has a market capitalization of $2.16 billion as of 2022 and a return on equity of 13.23%. Brady Corporation’s products are used in a variety of applications, including safety, industrial, electrical, and construction. The company’s products are sold through distributors and retailers worldwide.
– Marlowe PLC ($LSE:MRL)
Marlowe PLC is a publicly traded company with a market capitalization of 721 million as of 2022. The company has a return on equity of 1.57%. Marlowe PLC is engaged in the provision of professional services. The company operates in four segments: support services, security, fire, and environmental. The company was founded in 1896 and is headquartered in London, the United Kingdom.
– Sensys Gatso Group AB ($LTS:0H0U)
Sensys Gatso Group AB is a Swedish company that provides traffic management solutions. The company offers products and services for road safety, congestion management, and enforcement of environmental regulations. Sensys Gatso Group AB has a market cap of 986.3M as of 2022, a Return on Equity of 8.26%. The company’s products are used in more than 50 countries around the world.
Summary
The company has taken steps to reduce costs in response to the ongoing pandemic, including furloughs and salary reductions. Looking forward, investors should continue to monitor MISTRAS’s ability to navigate the current challenging environment.
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