Mistras Group, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 02, 2021 at 04:01 pm EDT
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Mistras Group, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 177.677 million compared to USD 124.435 million a year ago. Operating income was USD 11.374 million compared to operating loss of USD 383,000 a year ago. Net income was USD 5.937 million compared to net loss of USD 2.656 million a year ago. Basic earnings per share from continuing operations was USD 0.2 compared to basic loss per share from continuing operations of USD 0.09 a year ago. For the half year, sales was USD 331.412 million compared to USD 283.900 million a year ago. Operating income was USD 6.628 million compared to operating loss of USD 111.611 million a year ago. Net income was USD 575,000 compared to net loss of USD 101.165 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to basic loss per share from continuing operations of USD 3.49 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. 
