$MG
Mistras Group, Inc.

2024 Q4 Form 10-Q Financial Statement

#000143612624000065 Filed on November 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3
Revenue $182.7M
YoY Change 1.86%
Cost Of Revenue $128.1M
YoY Change 2.52%
Gross Profit $54.58M
YoY Change 0.36%
Gross Profit Margin 29.87%
Selling, General & Admin $38.87M
YoY Change -1.68%
% of Gross Profit 71.22%
Research & Development $241.0K
YoY Change -44.98%
% of Gross Profit 0.44%
Depreciation & Amortization $2.331M
YoY Change -73.35%
% of Gross Profit 4.27%
Operating Expenses $41.44M
YoY Change 3.67%
Operating Profit $13.13M
YoY Change -380.5%
Interest Expense -$4.303M
YoY Change -203.26%
% of Operating Profit -32.76%
Other Income/Expense, Net $1.479M
YoY Change
Pretax Income $9.034M
YoY Change -202.09%
Income Tax $2.618M
% Of Pretax Income 28.98%
Net Earnings $6.401M
YoY Change -162.16%
Net Earnings / Revenue 3.5%
Basic Earnings Per Share
Diluted Earnings Per Share $0.20
COMMON SHARES
Basic Shares Outstanding 31.01M shares 30.98M shares
Diluted Shares Outstanding 31.66M shares

Balance Sheet

Concept 2024 Q4 2024 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.36M
YoY Change 59.66%
Cash & Equivalents $20.36M
Short-Term Investments
Other Short-Term Assets $14.35M
YoY Change -21.39%
Inventory $14.51M
Prepaid Expenses
Receivables $144.1M
Other Receivables $0.00
Total Short-Term Assets $193.3M
YoY Change 5.55%
LONG-TERM ASSETS
Property, Plant & Equipment $79.85M
YoY Change 0.11%
Goodwill $185.9M
YoY Change 0.19%
Intangibles $41.50M
YoY Change -6.67%
Long-Term Investments
YoY Change
Other Assets $51.13M
YoY Change 23.02%
Total Long-Term Assets $358.4M
YoY Change 1.36%
TOTAL ASSETS
Total Short-Term Assets $193.3M
Total Long-Term Assets $358.4M
Total Assets $551.7M
YoY Change 2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $13.27M
YoY Change -9.27%
Accrued Expenses $85.62M
YoY Change 15.19%
Deferred Revenue $6.975M
YoY Change -7.28%
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $15.31M
YoY Change 82.16%
Total Short-Term Liabilities $115.2M
YoY Change 3.6%
LONG-TERM LIABILITIES
Long-Term Debt $190.1M
YoY Change 2.52%
Other Long-Term Liabilities $37.05M
YoY Change 11.05%
Total Long-Term Liabilities $227.2M
YoY Change 3.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $115.2M
Total Long-Term Liabilities $227.2M
Total Liabilities $346.5M
YoY Change -1.26%
SHAREHOLDERS EQUITY
Retained Earnings -$15.18M
YoY Change -42.59%
Common Stock $385.0K
YoY Change 27.48%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $205.2M
YoY Change
Total Liabilities & Shareholders Equity $551.7M
YoY Change 2.79%

Cashflow Statement

Concept 2024 Q4 2024 Q3
OPERATING ACTIVITIES
Net Income $6.401M
YoY Change -162.16%
Depreciation, Depletion And Amortization $2.331M
YoY Change -73.35%
Cash From Operating Activities $19.36M
YoY Change -353.45%
INVESTING ACTIVITIES
Capital Expenditures $6.144M
YoY Change 8.78%
Acquisitions
YoY Change
Other Investing Activities $209.0K
YoY Change -27.68%
Cash From Investing Activities -$5.935M
YoY Change 10.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -11.51M
YoY Change -223.11%
NET CHANGE
Cash From Operating Activities 19.36M
Cash From Investing Activities -5.935M
Cash From Financing Activities -11.51M
Net Change In Cash 1.913M
YoY Change -152.44%
FREE CASH FLOW
Cash From Operating Activities $19.36M
Capital Expenditures $6.144M
Free Cash Flow $13.21M
YoY Change -199.45%

Facts In Submission

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dei City Area Code
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dei Local Phone Number
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CY2024Q3 us-gaap Depreciation
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CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
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CY2024Q3 ecd Trd Arr Duration
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dei Document Quarterly Report
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dei Entity Registrant Name
EntityRegistrantName
Mistras Group, Inc.
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
22-3341267
dei Entity Address City Or Town
EntityAddressCityOrTown
Princeton Junction,
dei Entity Address State Or Province
EntityAddressStateOrProvince
NJ
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
08550
dei Security12b Title
Security12bTitle
Common Stock, $0.01 par value
dei Trading Symbol
TradingSymbol
MG
dei Security Exchange Name
SecurityExchangeName
NYSE
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2024Q3 us-gaap Income Tax Expense Benefit
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CY2024Q3 us-gaap Profit Loss
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us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2024Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
193474000 usd
CY2024Q3 us-gaap Profit Loss
ProfitLoss
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1492000 usd
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StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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ProfitLoss
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us-gaap Depreciation Depletion And Amortization
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25470000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
13799000 usd
mg Deferred Income Tax Noncash Expense Benefit
DeferredIncomeTaxNoncashExpenseBenefit
2026000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
681000 usd
us-gaap Provision For Other Credit Losses
ProvisionForOtherCreditLosses
346000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
11979000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1326000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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20488000 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
20360000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Net
InterestPaidNet
12595000 usd
us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
3704000 usd
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
3642000 usd
us-gaap Prior Period Reclassification Adjustment Description
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Reclassification</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2024Q3 us-gaap Effective Income Tax Rate Continuing Operations
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RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 mg Incremental Common Shares Attributable To Restricted Stock Units Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Income Loss From Continuing Operations Per Diluted Share
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us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Liability1
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mg Acquisition Related Costs And Fair Value Adjustments To Initial Purchase Price Allocation
AcquisitionRelatedCostsAndFairValueAdjustmentsToInitialPurchasePriceAllocation
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mg Acquisition Related Costs And Fair Value Adjustments To Initial Purchase Price Allocation
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5000 usd
CY2024Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
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CY2024Q3 us-gaap Receivables Net Current
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CY2024Q3 us-gaap Contract With Customer Asset Net Current
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CY2024Q3 us-gaap Inventory Raw Materials Net Of Reserves
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CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
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CY2024Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
1106000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
839000 usd
CY2024Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5158000 usd
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
5740000 usd
CY2024Q3 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
2944000 usd
CY2023Q4 us-gaap Inventory Supplies Net Of Reserves
InventorySuppliesNetOfReserves
2605000 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
14510000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
15283000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
325110000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
325110000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
319756000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
245258000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
238784000 usd
CY2024Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
79852000 usd
CY2023Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
80972000 usd
us-gaap Depreciation
Depreciation
18900000 usd
us-gaap Depreciation
Depreciation
19000000.0 usd
CY2023Q4 us-gaap Goodwill
Goodwill
187354000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1482000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
185872000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
191459000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
149955000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
41504000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
188835000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
144841000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
43994000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1900000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2200000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6500000 usd
CY2024Q3 mg Accrued Salaries Wages And Employee Related Benefits Current
AccruedSalariesWagesAndEmployeeRelatedBenefitsCurrent
28061000 usd
CY2023Q4 mg Accrued Salaries Wages And Employee Related Benefits Current
AccruedSalariesWagesAndEmployeeRelatedBenefitsCurrent
27372000 usd
CY2024Q3 mg Accrued Workers Compensation And Health Benefits Current
AccruedWorkersCompensationAndHealthBenefitsCurrent
4616000 usd
CY2023Q4 mg Accrued Workers Compensation And Health Benefits Current
AccruedWorkersCompensationAndHealthBenefitsCurrent
4385000 usd
CY2024Q3 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
6975000 usd
CY2023Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
7136000 usd
CY2024Q3 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
2458000 usd
CY2023Q4 us-gaap Multiemployer Plans Withdrawal Obligation
MultiemployerPlansWithdrawalObligation
2458000 usd
CY2024Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
11783000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
10686000 usd
CY2024Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
31730000 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
32294000 usd
CY2024Q3 mg Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
85623000 usd
CY2023Q4 mg Accrued Expenses And Other Liabilities Current
AccruedExpensesAndOtherLiabilitiesCurrent
84331000 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
189700000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
190399000 usd
CY2024Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
10711000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
8900000 usd
CY2024Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
178989000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
181499000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2024Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
182694000 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
179354000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
556909000 usd
CY2024Q3 us-gaap Gross Profit
GrossProfit
54577000 usd
CY2023Q3 us-gaap Gross Profit
GrossProfit
54382000 usd
CY2024Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
11858000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4682000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-2618000 usd
CY2024Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8056000 usd
CY2023Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
8748000 usd
CY2024Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
41504000 usd
CY2023Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
43994000 usd
CY2024Q3 us-gaap Assets
Assets
551681000 usd
CY2023Q4 us-gaap Assets
Assets
534776000 usd
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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