Mistras Group Files 8-K for Financial Updates
Ticker: MG · Form: 8-K · Filed: Mar 6, 2024 · CIK: 1436126
Sentiment: neutral
Topics: financial-reporting, 8-k
TL;DR
Mistras Group dropped an 8-K on March 6th detailing financial results and exhibits.
AI Summary
Mistras Group, Inc. filed an 8-K on March 6, 2024, to report on its results of operations and financial condition, as well as to file financial statements and exhibits. The filing provides updated information regarding the company's financial performance and related disclosures.
Why It Matters
This filing provides crucial financial information and operational updates for Mistras Group, Inc., which is important for investors to assess the company's current standing and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial filing and does not indicate any immediate or significant risks.
Key Players & Entities
- Mistras Group, Inc. (company) — Registrant
- March 6, 2024 (date) — Date of earliest event reported
- 0001436126-24-000018 (filing_id) — Accession Number
- 195 Clarksville Road, Princeton Junction, New Jersey 08550 (address) — Principal executive offices
FAQ
What is the primary purpose of this 8-K filing for Mistras Group, Inc.?
The primary purpose of this 8-K filing is to report on Mistras Group, Inc.'s results of operations and financial condition, and to file financial statements and exhibits.
On what date was this 8-K filing submitted?
The 8-K filing was submitted on March 6, 2024.
What is the Commission File Number for Mistras Group, Inc.?
The Commission File Number for Mistras Group, Inc. is 001-34481.
Where are Mistras Group, Inc.'s principal executive offices located?
Mistras Group, Inc.'s principal executive offices are located at 195 Clarksville Road, Princeton Junction, New Jersey 08550.
What is the IRS Employer Identification Number for Mistras Group, Inc.?
The IRS Employer Identification Number for Mistras Group, Inc. is 22-3341267.
Filing Stats: 1,043 words · 4 min read · ~3 pages · Grade level 13.1 · Accepted 2024-03-06 16:02:00
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value MG New York Stock Exchange
Filing Documents
- mg-20240306.htm (8-K) — 37KB
- a123120238kexhibit991.htm (EX-99.1) — 499KB
- image.jpg (GRAPHIC) — 13KB
- 0001436126-24-000018.txt ( ) — 705KB
- mg-20240306.xsd (EX-101.SCH) — 2KB
- mg-20240306_lab.xml (EX-101.LAB) — 21KB
- mg-20240306_pre.xml (EX-101.PRE) — 12KB
- mg-20240306_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition On March 6, 2024, the Company issued a press release announcing the financial results for our fourth quarter and year ended December 31, 2023. A copy of the press release is attached as Exhibit 99.1 to this report. Disclosure of Non-GAAP Financial Measures In the press release attached, the Company uses the terms "Adjusted EBITDA", "free cash flow" and "net debt", which are not measures of financial performance under U.S. generally accepted accounting principles ("GAAP"). Also, in the tables to the press release, the non-GAAP financial measures "Segment and Total Company Income before Special Items" (which includes operating income before special items) and are presented and reconciled to financial measures under GAAP within the table "Segment and Total Company Income (Loss) from Operations (GAAP) to Income (Loss) from Operations before Special Items (Non-GAAP)" and the non-GAAP financial measure "Diluted EPS excluding Special Items", are presented and reconciled to financial measure under GAAP within the table "Net Income (Loss) (GAAP) and Diluted EPS (GAAP) to Net Income (Loss) Excluding Special Items (non-GAAP) and Diluted EPS Excluding Special Items (non-GAAP)". Information about these non-GAAP measures are included in the press release. Our management uses these non-GAAP measurements as a measure of operating performance and liquidity to assist in comparing performance from period to period on a consistent basis, as a measure for planning and forecasting overall expectations and for evaluating actual results against such expectations. Adjusted EBITDA and free cash flow are also performance evaluation metrics used to determine incentive compensation for executive officers. We believe that investors and other users of the financial statements benefit from the presentation of these non-GAAP measurements because they provide additional metrics to compare the Company's operating performance and liqui
01. Financial Statement and Exhibits
Item 9.01. Financial Statement and Exhibits Exhibit No. Description 99.1 Press release issued by Mistras Group, Inc. on March 6, 2024 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MISTRAS GROUP, INC. Date: March 6, 2024 By: /s/ Edward J. Prajzner Name: Edward J. Prajzner Title: Senior Executive Vice President and Chief Financial Officer Exhibit No. Description 99.1 Press release issued by Mistras Group, Inc. on March 6, 2024 3