$MG
Mistras Group, Inc. Stock $mg

$mg Overview Financials Valuation SEC Filings Company Website

2018 Q1 Form 10-Q Financial Statement

#000143612618000027 Filed on May 08, 2018

Income Statement

Concept	2018 Q1	2017 Q1
Revenue	$187.6M	$163.3M
YoY Change	14.89%	-2.47%
Cost Of Revenue	$133.8M	$115.0M
YoY Change	16.33%	2.35%
Gross Profit	$48.14M	$43.15M
YoY Change	11.57%	-1.86%
Gross Profit Margin	25.66%	26.42%
Selling, General & Admin	$39.03M	$37.30M
YoY Change	4.64%	6.42%
% of Gross Profit	81.08%	86.44%
Research & Development	$756.0K	$643.0K
YoY Change	17.57%	-2.87%
% of Gross Profit	1.57%	1.49%
Depreciation & Amortization	$8.648M	$7.665M
YoY Change	12.82%	-4.39%
% of Gross Profit	17.96%	17.76%
Operating Expenses	$39.79M	$37.95M
YoY Change	4.86%	6.24%
Operating Profit	$6.398M	$3.250M
YoY Change	96.86%	-42.44%
Interest Expense	-$1.800M	-$1.000M
YoY Change	80.0%	-9.09%
% of Operating Profit	-28.13%	-30.77%
Other Income/Expense, Net
YoY Change
Pretax Income	$4.607M	$2.232M
YoY Change	106.41%	-50.9%
Income Tax	$1.688M	$534.0K
% Of Pretax Income	36.64%	23.92%
Net Earnings	$2.908M	$1.692M
YoY Change	71.87%	-50.91%
Net Earnings / Revenue	1.55%	1.04%
Basic Earnings Per Share
Diluted Earnings Per Share	$98.64K	$56.86K
COMMON SHARES
Basic Shares Outstanding	28.30M shares	28.69M shares
Diluted Shares Outstanding	29.36M shares	29.91M shares

Balance Sheet

Concept	2018 Q1	2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$33.10M	$27.60M
YoY Change	19.93%	52.49%
Cash & Equivalents	$33.13M	$27.59M
Short-Term Investments
Other Short-Term Assets	$18.20M	$14.80M
YoY Change	22.97%	-17.78%
Inventory	$11.01M	$10.59M
Prepaid Expenses
Receivables	$138.9M	$124.2M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$201.2M	$177.2M
YoY Change	13.56%	1.49%
LONG-TERM ASSETS
Property, Plant & Equipment	$88.03M	$72.90M
YoY Change	20.76%	-3.66%
Goodwill	$202.1M	$173.9M
YoY Change	16.21%	4.31%
Intangibles	$62.47M	$41.23M
YoY Change	51.52%	-7.0%
Long-Term Investments
YoY Change
Other Assets	$4.813M	$2.628M
YoY Change	83.14%	41.52%
Total Long-Term Assets	$359.0M	$292.6M
YoY Change	22.73%	1.1%
TOTAL ASSETS
Total Short-Term Assets	$201.2M	$177.2M
Total Long-Term Assets	$359.0M	$292.6M
Total Assets	$560.2M	$469.7M
YoY Change	19.27%	1.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$9.737M	$9.345M
YoY Change	4.19%	-8.74%
Accrued Expenses	$53.50M	$45.90M
YoY Change	16.56%	-3.16%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$2.001M	$1.766M
YoY Change	13.31%	-85.86%
Total Short-Term Liabilities	$82.77M	$74.76M
YoY Change	10.71%	-11.94%
LONG-TERM LIABILITIES
Long-Term Debt	$172.5M	$96.04M
YoY Change	79.57%	28.26%
Other Long-Term Liabilities	$11.34M	$8.180M
YoY Change	38.62%	9.33%
Total Long-Term Liabilities	$183.8M	$104.2M
YoY Change	76.35%	26.54%
TOTAL LIABILITIES
Total Short-Term Liabilities	$82.77M	$74.76M
Total Long-Term Liabilities	$183.8M	$104.2M
Total Liabilities	$283.9M	$199.9M
YoY Change	42.03%	1.42%
SHAREHOLDERS EQUITY
Retained Earnings	$67.62M	$93.50M
YoY Change	-27.67%	17.66%
Common Stock	$282.0K	$293.0K
YoY Change	-3.75%	1.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)		$15.00M
YoY Change
Treasury Stock Shares		676.5K shares
Shareholders Equity	$276.2M	$269.7M
YoY Change
Total Liabilities & Shareholders Equity	$560.2M	$469.7M
YoY Change	19.27%	1.24%

Cashflow Statement

Concept	2018 Q1	2017 Q1
OPERATING ACTIVITIES
Net Income	$2.908M	$1.692M
YoY Change	71.87%	-50.91%
Depreciation, Depletion And Amortization	$8.648M	$7.665M
YoY Change	12.82%	-4.39%
Cash From Operating Activities	$5.818M	$13.41M
YoY Change	-56.62%	-53.93%
INVESTING ACTIVITIES
Capital Expenditures	$5.182M	$3.416M
YoY Change	51.7%	-8.54%
Acquisitions	$0.00	$4.500M
YoY Change	-100.0%
Other Investing Activities	$580.0K	-$4.350M
YoY Change	-113.33%	-687.84%
Cash From Investing Activities	-$4.772M	-$8.137M
YoY Change	-41.35%	98.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$6.000M
YoY Change	-100.0%
Debt Paid & Issued, Net	$834.0K	$663.0K
YoY Change	25.79%	-40.0%
Cash From Financing Activities	$4.261M	$2.853M
YoY Change	49.35%	-115.1%
NET CHANGE
Cash From Operating Activities	$5.818M	$13.41M
Cash From Investing Activities	-$4.772M	-$8.137M
Cash From Financing Activities	$4.261M	$2.853M
Net Change In Cash	$5.307M	$8.129M
YoY Change	-34.72%	32.91%
FREE CASH FLOW
Cash From Operating Activities	$5.818M	$13.41M
Capital Expenditures	$5.182M	$3.416M
Free Cash Flow	$636.0K	$9.997M
YoY Change	-93.64%	-60.61%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2018Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
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CY2018Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
CY2018Q1	dei	Document Period End Date DocumentPeriodEndDate	2018-03-31
CY2018Q1	dei	Document Type DocumentType	10-Q
CY2018Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001436126
CY2018Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	28334217	shares
CY2018Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2018Q1	dei	Entity Filer Category EntityFilerCategory	Accelerated Filer
CY2018Q1	dei	Entity Registrant Name EntityRegistrantName	Mistras Group, Inc.
CY2017Q4	mg	Accrued Liabilities Deferred Revenues And Contingent Consideration Liabilities Current AccruedLiabilitiesDeferredRevenuesAndContingentConsiderationLiabilitiesCurrent	65561000	USD
CY2018Q1	mg	Accrued Liabilities Deferred Revenues And Contingent Consideration Liabilities Current AccruedLiabilitiesDeferredRevenuesAndContingentConsiderationLiabilitiesCurrent	60302000	USD
CY2017Q4	mg	Accrued Salaries Wages And Employee Related Benefits Current AccruedSalariesWagesAndEmployeeRelatedBenefitsCurrent	27185000	USD
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CY2017Q1	mg	Acquisition Related Costs And Fair Value Adjustments To Initial Purchase Price Allocation AcquisitionRelatedCostsAndFairValueAdjustmentsToInitialPurchasePriceAllocation	-544000	USD
CY2018Q1	mg	Acquisition Related Costs And Fair Value Adjustments To Initial Purchase Price Allocation AcquisitionRelatedCostsAndFairValueAdjustmentsToInitialPurchasePriceAllocation	-994000	USD
CY2017Q1	mg	Deferred Income Tax Noncash Expense Benefit DeferredIncomeTaxNoncashExpenseBenefit	86000	USD
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CY2018Q1	mg	Increase Decrease In Other Accrued Liabilities And Deferred Liabilities IncreaseDecreaseInOtherAccruedLiabilitiesAndDeferredLiabilities	-3703000	USD
CY2017Q1	mg	Incremental Common Shares Attributable To Restricted Stock Units Outstanding IncrementalCommonSharesAttributableToRestrictedStockUnitsOutstanding	339000	shares
CY2018Q1	mg	Incremental Common Shares Attributable To Restricted Stock Units Outstanding IncrementalCommonSharesAttributableToRestrictedStockUnitsOutstanding	313000	shares
CY2017Q1	mg	Incremental Common Shares Attributable To Stock Options Outstanding IncrementalCommonSharesAttributableToStockOptionsOutstanding	879000	shares
CY2018Q1	mg	Incremental Common Shares Attributable To Stock Options Outstanding IncrementalCommonSharesAttributableToStockOptionsOutstanding	745000	shares
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CY2018Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	172460000	USD
CY2017Q4	us-gaap	Loss Contingency Accrual Carrying Value Current LossContingencyAccrualCarryingValueCurrent	1600000	USD
CY2018Q1	us-gaap	Loss Contingency Accrual Carrying Value Current LossContingencyAccrualCarryingValueCurrent	0	USD
CY2017Q4	us-gaap	Minority Interest MinorityInterest	173000	USD
CY2018Q1	us-gaap	Minority Interest MinorityInterest	187000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	8438000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Continuing Operations NetCashProvidedByUsedInContinuingOperations	5591000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2853000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4261000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-8137000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-4772000	USD
CY2017Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	13413000	USD
CY2018Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	5818000	USD
CY2017Q1	us-gaap	Net Income Loss NetIncomeLoss	1692000	USD
CY2018Q1	us-gaap	Net Income Loss NetIncomeLoss	2907000	USD
CY2017Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	6000	USD
CY2018Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	12000	USD
CY2018Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	segment
CY2017Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	3250000	USD
CY2018Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	6399000	USD
CY2017Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	21827000	USD
CY2018Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	21204000	USD
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	3507000	USD
CY2018Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	4813000	USD
CY2017Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1450000	USD
CY2018Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	1500000	USD
CY2017Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11363000	USD
CY2018Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	11339000	USD
CY2017Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	147000	USD
CY2018Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	122000	USD
CY2017Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	6000000	USD
CY2018Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2017Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	41000	USD
CY2018Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	43000	USD
CY2017Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	4500000	USD
CY2018Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	USD
CY2017Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3416000	USD
CY2018Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	5182000	USD
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2018Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2018Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	238324000	USD
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	270792000	USD
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	276364000	USD
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18884000	USD
CY2018Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	18200000	USD
CY2017Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	917000	USD
CY2018Q1	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	371000	USD
CY2017Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	20900000	USD
CY2018Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	18600000	USD
CY2017Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	155000	USD
CY2018Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	575000	USD
CY2017Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	234000	USD
CY2018Q1	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	0	USD
CY2017Q1	us-gaap	Profit Loss ProfitLoss	1698000	USD
CY2018Q1	us-gaap	Profit Loss ProfitLoss	2919000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	232368000	USD
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	87143000	USD
CY2018Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	88033000	USD
CY2017Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	1200000	USD
CY2018Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
CY2017Q4	us-gaap	Receivables Net Current ReceivablesNetCurrent	138080000	USD
CY2018Q1	us-gaap	Receivables Net Current ReceivablesNetCurrent	138858000	USD
CY2017Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	10800000	USD
CY2018Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	10700000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	1643000	USD
CY2018Q1	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	1630000	USD
CY2017Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	663000	USD
CY2018Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	834000	USD
CY2017Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	643000	USD
CY2018Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	756000	USD
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	64717000	USD
CY2018Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	67624000	USD
CY2018Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	187630000	USD
CY2018Q1	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod	P1Y
CY2017Q1	us-gaap	Sales Revenue Net SalesRevenueNet	163318000	USD
CY2018Q1	us-gaap	Sales Revenue Net SalesRevenueNet	187630000	USD
CY2017Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	37302000	USD
CY2018Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	39034000	USD
CY2017Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1724000	USD
CY2018Q1	us-gaap	Share Based Compensation ShareBasedCompensation	1126000	USD
CY2017Q4	us-gaap	Stockholders Equity StockholdersEquity	270619000	USD
CY2018Q1	us-gaap	Stockholders Equity StockholdersEquity	276177000	USD
CY2017Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29905000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	29362000	shares
CY2017Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28687000	shares
CY2018Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	28304000	shares
CY2018Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassification</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in prior periods have been reclassified to conform to the current year presentation. Such reclassifications did not have a material effect on the Company's financial condition or results of operations as previously reported.</font></div></div>

Files In Submission

Name	View Source	Status
0001436126-18-000027-index-headers.html	Edgar Link	pending
0001436126-18-000027-index.html	Edgar Link	pending
0001436126-18-000027.txt	Edgar Link	pending
0001436126-18-000027-xbrl.zip	Edgar Link	pending
a33118q1exhibit311.htm	Edgar Link	pending
a33118q1exhibit312.htm	Edgar Link	pending
a33118q1exhibit321.htm	Edgar Link	pending
db3-13x18employmentagreeme.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
mg-20180331.xml	Edgar Link	completed
mg-20180331.xsd	Edgar Link	pending
mg-20180331_cal.xml	Edgar Link	unprocessable
mg-20180331_def.xml	Edgar Link	unprocessable
mg-20180331_lab.xml	Edgar Link	unprocessable
mg-20180331_pre.xml	Edgar Link	unprocessable
mg201833110q.htm	Edgar Link	pending
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending
sjv2-28x18employmentagreem.htm	Edgar Link	pending

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2018 Q1 Form 10-Q Financial Statement

#000143612618000027 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MG Mistras Group, Inc. Stock $mg

2018 Q1 Form 10-Q Financial Statement

#000143612618000027 Filed on May 08, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MG
Mistras Group, Inc. Stock $mg