Overview

* MISTRAS ( MG ) Q2 revenue falls 2.3%, missing analyst expectations, per LSEG data

* Net income for Q2 misses estimates at $3.0 mln, per LSEG data

* Adjusted EBITDA hits $24.1 mln, beating analyst forecasts, per LSEG data

Outlook

* Company expects 2025 Adjusted EBITDA to surpass 2024 levels

* MISTRAS ( MG ) not providing full-year guidance for fiscal 2025

* Company assessing impact of U.S. trade policy changes on 2025 results

* MISTRAS ( MG ) anticipates reduction in accounts receivable balances this year

Result Drivers

* BUSINESS MIX - Improved business mix and operating efficiencies led to a 5.1% increase in gross profit

* FOREIGN EXCHANGE LOSS - SG&A expenses rose due to a $2.8 mln foreign exchange loss

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $185.40 $185.70

Revenue mln mln (3

Analysts

)

Q2 Net Miss $3 mln $7.48

Income mln (3

Analysts

)

Q2 Beat $24.10 $20.40

Adjusted mln mln (3

EBITDA Analysts

)

Q2 Gross 29.1%

Margin

Q2 Gross $53.90

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the integrated oil & gas peer group is "buy."

* Wall Street's median 12-month price target for Mistras Group Inc ( MG ) is $11.50, about 31.2% above its August 5 closing price of $7.91

* The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)