Income Statement Mistras Group, Inc.

Equities

MG

US60649T1079

Integrated Oil & Gas

Market Closed - Nyse Other stock markets 04:00:02 2025-01-13 pm EST			5-day change	1st Jan Change
9.050 ^USD	+0.78%		-0.11%	-0.11%

Jan. 07	Top Premarket Decliners	MT
Dec. 23	Wall Street Set to Open Lower Monday as Investors Look for a Year-End Rally	MT

d21.glgzAaEdI3TbvCfZkMIaIre6VtHSa7XPW3tMTmOPMuA.9Tl7Q9ZrTjuD2EaM9ZReQ-L9P-ClX-G9FDR4IDy9cY_GaH9iyHduA-3QQA

Published financial data: MISTRAS GROUP, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	749M	593M	677M	687M	705M
Total Revenues	749M	593M	677M	687M	705M
Cost of Goods Sold, Total	509M	392M	457M	467M	478M
Gross Profit	239M	201M	220M	221M	228M
Selling General & Admin Expenses, Total	169M	156M	161M	167M	167M
Provision for Bad Debts	-	-	-	42K	-
R&D Expenses	3.04M	2.89M	2.52M	1.99M	1.72M
Depreciation & Amortization - (IS)	38.53M	35.7M	34.92M	33.29M	34.1M
Other Operating Expenses, Total	210M	195M	198M	202M	203M
Operating Income	28.9M	5.83M	21.62M	18.88M	25.23M
Interest Expense, Total	-13.7M	-12.96M	-10.88M	-10.5M	-16.76M
Net Interest Expenses	-13.7M	-12.96M	-10.88M	-10.5M	-16.76M
EBT, Excl. Unusual Items	15.2M	-7.13M	10.74M	8.38M	8.47M
Restructuring Charges	-	-	-	-	-12.27M
Merger & Related Restructuring Charges	-875K	-337K	-1.13M	-76K	-9K
Impairment of Goodwill	-	-77.09M	-	-	-13.8M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-28.97M	-	-	-
Legal Settlements	-	-	-2.04M	994K	-1.06M
Other Unusual Items	-3.89M	-645K	-278K	-	-
EBT, Incl. Unusual Items	10.44M	-114M	7.29M	9.29M	-18.66M
Income Tax Expense	4.36M	-14.71M	3.4M	2.72M	-1.22M
Earnings From Continuing Operations	6.08M	-99.47M	3.89M	6.57M	-17.44M
Net Income to Company	6.08M	-99.47M	3.89M	6.57M	-17.44M
Minority Interest	-20K	5K	-33K	-75K	-8K
Net Income - (IS)	6.06M	-99.46M	3.86M	6.5M	-17.45M
Net Income to Common Incl Extra Items	6.06M	-99.46M	3.86M	6.5M	-17.45M
Net Income to Common Excl. Extra Items	6.06M	-99.46M	3.86M	6.5M	-17.45M
Per Share Items
Net EPS - Basic	0.21	-3.41	0.13	0.22	-0.58
Basic EPS - Continuing Operations	0.21	-3.41	0.13	0.22	-0.58
Basic Weighted Average Shares Outstanding	28.74M	29.15M	29.57M	29.9M	30.33M
Net EPS - Diluted	0.21	-3.41	0.13	0.21	-0.58
Diluted EPS - Continuing Operations	0.21	-3.41	0.13	0.21	-0.58
Diluted Weighted Average Shares Outstanding	29.05M	29.15M	30.13M	30.23M	30.33M
Normalized Basic EPS	0.33	-0.15	0.23	0.17	0.17
Normalized Diluted EPS	0.33	-0.15	0.22	0.17	0.17
Supplemental Items
EBITDA	61.83M	37.93M	53.54M	49.28M	56.43M
EBITA	37.6M	13.23M	28.32M	25.08M	30.83M
EBIT	28.9M	5.83M	21.62M	18.88M	25.23M
EBITDAR	76.03M	52.22M	69.12M	64.28M	71.88M
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	41.76	12.88	46.58	29.27	6.54
Total Current Taxes	7.9M	-1.77M	3.52M	3.21M	4.16M
Total Deferred Taxes	-3.54M	-12.93M	-124K	-487K	-5.38M
Normalized Net Income	9.48M	-4.45M	6.68M	5.16M	5.29M
Interest on Long-Term Debt	13.7M	12.96M	10.88M	10.5M	16.76M
Supplemental Operating Expense Items
Advertising Expense	2.1M	800K	1M	2M	1.4M
Selling and Marketing Expenses	2.1M	800K	1M	2M	1.4M
Research And Development Expense From Footnotes	3.04M	2.89M	2.52M	1.99M	1.72M
Net Rental Expense, Total	14.2M	14.29M	15.58M	15M	15.45M
Imputed Operating Lease Interest Expense	5M	4.92M	4.99M	5M	8.46M
Imputed Operating Lease Depreciation	9.2M	9.37M	10.58M	10M	6.99M
Stock-Based Comp., SG&A Exp. (Total)	5.77M	5.85M	5.42M	5.34M	5.71M
Total Stock-Based Compensation	5.77M	5.85M	5.42M	5.34M	5.71M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	15.02M	25.76M	24.11M	20.49M	17.65M
Total Cash And Short Term Investments	15.02M	25.76M	24.11M	20.49M	17.65M
Accounts Receivable, Total	136M	108M	110M	124M	133M
Total Receivables	136M	108M	110M	124M	133M
Inventory	13.41M	13.13M	12.69M	13.56M	15.28M
Prepaid Expenses	14.73M	16.07M	15.03M	10.18M	14.58M
Deferred Tax Assets Current	-	-	-	-	-
Total Current Assets	179M	163M	161M	168M	180M
Gross Property Plant And Equipment	316M	329M	337M	334M	357M
Accumulated Depreciation	-172M	-190M	-208M	-219M	-239M
Net Property Plant And Equipment	144M	139M	129M	115M	118M
Goodwill	282M	206M	205M	200M	187M
Other Intangibles, Total	110M	68.64M	59.38M	49.02M	43.99M
Deferred Tax Assets Long-Term	1.79M	2.07M	2.17M	779K	2.32M
Deferred Charges Long-Term	800K	1.1M	900K	1.4M	1.2M
Other Long-Term Assets, Total	1.77M	3.5M	3.93M	1.69M	1.07M
Total Assets	720M	583M	562M	535M	535M
Liabilities
Accounts Payable, Total	15.03M	14.24M	12.87M	12.53M	17.03M
Accrued Expenses, Total	62.78M	60.31M	65.79M	59.01M	66.51M
Current Portion of Long-Term Debt	6.59M	10.68M	20.16M	7.42M	8.9M
Current Portion of Leases	14.26M	14.11M	13.8M	14.58M	15.84M
Current Income Taxes Payable	2.09M	2.66M	755K	1.73M	1.1M
Unearned Revenue Current, Total	5.86M	6.54M	6.2M	7.52M	7.14M
Other Current Liabilities	2.61M	1.3M	1.83M	937K	-
Total Current Liabilities	109M	110M	121M	104M	117M
Long-Term Debt	248M	210M	182M	184M	181M
Long-Term Leases	49.79M	48.8M	43.78M	38.11M	39.48M
Deferred Tax Liability Non Current	21.29M	8.24M	8.38M	6.28M	2.55M
Other Non Current Liabilities	5.41M	9.67M	5.3M	4.21M	4.22M
Total Liabilities	434M	386M	361M	336M	344M
Common Stock, Total	289K	292K	295K	298K	305K
Additional Paid In Capital	229M	235M	239M	243M	247M
Retained Earnings	77.61M	-21.85M	-17.99M	-11.49M	-28.94M
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-21.28M	-16.06M	-20.31M	-33.39M	-28.34M
Total Common Equity	286M	197M	201M	198M	190M
Minority Interest	200K	198K	229K	299K	311K
Total Equity	286M	197M	201M	199M	191M
Total Liabilities And Equity	720M	583M	562M	535M	535M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	29.04M	29.23M	29.55M	29.93M	30.63M
ECS Total Common Shares Outstanding	28.95M	29.23M	29.55M	29.9M	30.6M
Book Value / Share	9.87	6.74	6.79	6.64	6.22
Tangible Book Value	-106M	-77.63M	-64.14M	-50.2M	-41.16M
Tangible Book Value Per Share	-3.67	-2.66	-2.17	-1.68	-1.35
Total Debt	319M	283M	260M	244M	246M
Net Debt	304M	257M	236M	223M	228M
Debt Equivalent Oper. Leases	114M	114M	125M	120M	124M
Minority Interest, Total (Incl. Fin. Div)	200K	198K	229K	299K	311K
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	7.91M	7.72M	7.51M	7.74M	8.7M
Inventories - Work In Process, Total	1.55M	770K	551K	336K	839K
Inventories - Finished Goods, Total	3.96M	4.64M	4.62M	5.48M	5.74M
Land - (BS)	2.67M	2.72M	2.76M	2.53M	2.45M
Buildings, Total	24.54M	25.73M	24.79M	24.8M	26.66M
Machinery, Total	243M	254M	267M	269M	291M
Full Time Employees	5.5K	5.4K	5.4K	5.4K	4.8K
Accumulated Allowance for Doubtful Accounts (Supple)	8.28M	8.21M	3.23M	4.11M	1.65M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	6.06M	-99.46M	3.86M	6.5M	-17.45M
Depreciation & Amortization - CF	24.23M	24.7M	25.22M	24.19M	25.6M
Amortization of Goodwill and Intangible Assets - (CF)	8.7M	7.4M	6.7M	6.2M	5.6M
Depreciation & Amortization, Total	32.93M	32.1M	31.92M	30.39M	31.2M
Amortization of Deferred Charges, Total - (CF)	5.6M	3.6M	3M	2.9M	2.9M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	106M	-	-	13.8M
Stock-Based Compensation (CF)	5.77M	5.85M	5.42M	5.34M	5.71M
Provision and Write-off of Bad Debts	3.04M	-	-	42K	346K
Other Operating Activities, Total	-1.8M	-7.67M	1.6M	-219K	-4.68M
Change In Accounts Receivable	8.3M	27.31M	-3.98M	-17.22M	-8.03M
Change In Inventories	-302K	84K	278K	-1.28M	-1.87M
Change In Accounts Payable	1.14M	-1.02M	-1.14M	-93K	4.18M
Change In Income Taxes	131K	384K	-1.92M	1.08M	-580K
Change in Other Net Operating Assets	-1.75M	553K	3.21M	-1.03M	1.22M
Cash from Operations	59.11M	67.8M	42.26M	26.41M	26.75M
Capital Expenditure	-22.05M	-15.4M	-18.16M	-12.59M	-20.85M
Sale of Property, Plant, and Equipment	1.87M	803K	1.16M	1.18M	1.52M
Cash Acquisitions	-4.23M	-	-440K	-	-
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-873K	-376K	-1.12M	-825K	-2.8M
Cash from Investing	-25.28M	-14.97M	-18.55M	-12.24M	-22.13M
Long-Term Debt Issued, Total	32.98M	38.03M	89M	318M	83.61M
Total Debt Issued	32.98M	38.03M	89M	318M	83.61M
Long-Term Debt Repaid, Total	-73.1M	-78.12M	-109M	-332M	-89.74M
Total Debt Repaid	-73.1M	-78.12M	-109M	-332M	-89.74M
Issuance of Common Stock	32K	-	-	-	-
Repurchase of Common Stock	-3.2M	-494K	-1.37M	-977K	-1.57M
Other Financing Activities, Total	-852K	-3.59M	-1.49M	-552K	-
Cash from Financing	-44.14M	-44.17M	-23.24M	-16.32M	-7.71M
Foreign Exchange Rate Adjustments	-221K	2.08M	-2.12M	-1.47M	249K
Net Change in Cash	-10.53M	10.74M	-1.65M	-3.62M	-2.84M
Supplemental Items
Cash Interest Paid	14.16M	-	-	-	-
Cash Income Tax Paid (Refund)	6.1M	-543K	4.71M	-3.07M	6.9M
Levered Free Cash Flow	42.65M	45.31M	29.77M	14.56M	16.19M
Unlevered Free Cash Flow	51.22M	53.41M	36.57M	21.13M	26.67M
Change In Net Working Capital	-11.78M	-23.98M	-1.99M	15.89M	5.26M
Net Debt Issued / Repaid	-40.12M	-40.09M	-20.39M	-14.79M	-6.13M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	2.55	0.56	2.36	2.15	2.95
Return on Total Capital	3.06	0.67	2.87	2.61	3.59
Return On Equity %	2.18	-41.17	1.96	3.29	-8.96
Return on Common Equity	2.18	-41.2	1.94	3.26	-8.98
Margin Analysis
Gross Profit Margin %	31.94	33.87	32.51	32.12	32.29
SG&A Margin	22.53	26.38	23.78	24.24	23.64
EBITDA Margin %	8.26	6.4	7.91	7.17	8
EBITA Margin %	5.02	2.23	4.18	3.65	4.37
EBIT Margin %	3.86	0.98	3.19	2.75	3.58
Income From Continuing Operations Margin %	0.81	-16.79	0.57	0.96	-2.47
Net Income Margin %	0.81	-16.78	0.57	0.95	-2.47
Net Avail. For Common Margin %	0.81	-16.78	0.57	0.95	-2.47
Normalized Net Income Margin	1.27	-0.75	0.99	0.75	0.75
Levered Free Cash Flow Margin	5.7	7.65	4.4	2.12	2.3
Unlevered Free Cash Flow Margin	6.84	9.01	5.4	3.07	3.78
Asset Turnover
Asset Turnover	1.06	0.91	1.18	1.25	1.32
Fixed Assets Turnover	6.28	4.18	5.04	5.64	6.06
Receivables Turnover (Average Receivables)	5.27	4.86	6.24	5.9	5.5
Inventory Turnover (Average Inventory)	38.5	29.52	35.4	35.56	33.13
Short Term Liquidity
Current Ratio	1.64	1.48	1.33	1.62	1.55
Quick Ratio	1.38	1.21	1.1	1.39	1.29
Operating Cash Flow to Current Liabilities	0.54	0.62	0.35	0.25	0.23
Days Sales Outstanding (Average Receivables)	69.32	75.24	58.52	61.91	66.36
Days Outstanding Inventory (Average Inventory)	9.48	12.4	10.31	10.26	11.02
Average Days Payable Outstanding	10.34	13.68	10.84	9.92	11.25
Cash Conversion Cycle (Average Days)	68.45	73.95	58	62.25	66.12
Long Term Solvency
Total Debt/Equity	111.45	143.56	129.49	122.74	128.99
Total Debt / Total Capital	52.71	58.94	56.42	55.1	56.33
LT Debt/Equity	104.16	130.99	112.58	111.67	116
Long-Term Debt / Total Capital	49.26	53.78	49.06	50.13	50.66
Total Liabilities / Total Assets	60.27	66.19	64.26	62.84	64.38
EBIT / Interest Expense	2.11	0.45	1.99	1.8	1.51
EBITDA / Interest Expense	5.55	4.03	6.35	6.12	4.29
(EBITDA - Capex) / Interest Expense	3.94	2.84	4.68	4.92	3.04
Total Debt / EBITDA	4.19	5.42	3.76	3.8	3.42
Net Debt / EBITDA	4	4.93	3.41	3.48	3.17
Total Debt / (EBITDA - Capex)	5.9	7.69	5.11	4.72	4.82
Net Debt / (EBITDA - Capex)	5.63	6.99	4.63	4.32	4.47
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.84	-20.84	14.27	1.51	2.63
Gross Profit, 1 Yr. Growth %	3.81	-16.05	9.67	0.31	3.17
EBITDA, 1 Yr. Growth %	3.19	-38.65	41.98	-7.49	13.97
EBITA, 1 Yr. Growth %	5.3	-64.82	117.75	-10.57	21.78
EBIT, 1 Yr. Growth %	7.41	-79.84	285.64	-11.54	31.98
Earnings From Cont. Operations, 1 Yr. Growth %	-11.18	-1.74K	-103.91	68.87	-365.36
Net Income, 1 Yr. Growth %	-11.35	-1.74K	-103.88	68.37	-368.55
Normalized Net Income, 1 Yr. Growth %	-19.92	-146.94	-245.62	-20.69	-0.42
Diluted EPS Before Extra, 1 Yr. Growth %	-8.7	-1.72K	-103.81	61.54	-376.19
Accounts Receivable, 1 Yr. Growth %	-8.31	-20.86	1.75	12.92	7.43