Mistras Group, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 08, 2023 at 04:01 pm EST
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Mistras Group, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 168.22 million compared to USD 171.16 million a year ago. Net income was USD 2.84 million compared to net loss of USD 0.094 million a year ago. Basic earnings per share from continuing operations was USD 0.09. Diluted earnings per share from continuing operations was USD 0.09.
For the full year, the company reported sales was USD 687.37 million compared to USD 677.13 million a year ago. Net income was USD 6.5 million compared to USD 3.86 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.13 a year ago.
Mistras Group, Inc. is a provider of integrated technology-enabled asset protection solutions. The Companyâs segments include North America, International and Products and Systems. Its North America segment provides asset protection solutions in the United States and Canada, which consists primarily of non-destructive testing, inspection, mechanical and engineering services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure and commercial aerospace components. Software, digital and data services are included in this segment. Its International segment offers services, products and systems similar to those of the other segments to select markets within Europe, the Middle East, Africa, Asia and South America. Its Products and Systems segment designs, manufactures, sells, installs and services its asset protection products and systems, including equipment and instrumentation, predominantly in the United States.
MISTRAS GROUP, INC. 
