Mistras Group Files 8-K on Financials
Ticker: MG · Form: 8-K · Filed: May 1, 2024 · CIK: 1436126
Sentiment: neutral
Topics: financial-condition, results-of-operations
TL;DR
MG reports financial condition via 8-K.
AI Summary
Mistras Group, Inc. filed an 8-K on May 1, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits, with the company's principal executive offices located at 195 Clarksville Road, Princeton Junction, New Jersey.
Why It Matters
This 8-K filing provides crucial updates on Mistras Group's financial performance and condition, which is important for investors to assess the company's health and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of financial information and does not appear to contain any immediate or significant risks.
Key Players & Entities
- Mistras Group, Inc. (company) — Registrant
- May 1, 2024 (date) — Date of earliest event reported
- 195 Clarksville Road (address) — Principal executive offices
- Princeton Junction, New Jersey (location) — Principal executive offices location
- 08550 (zip_code) — Principal executive offices zip code
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Mistras Group, Inc.'s results of operations and financial condition.
When was the earliest event reported in this filing?
The earliest event reported in this filing was on May 1, 2024.
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 company's telephone number?
The company's telephone number, including area code, is (609) 716-4000.
Under which section of the Securities Exchange Act of 1934 is this report filed?
This report is filed pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
Filing Stats: 1,067 words · 4 min read · ~4 pages · Grade level 12.8 · Accepted 2024-05-01 16:04:12
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value MG New York Stock Exchange
Filing Documents
- mg-20240501.htm (8-K) — 37KB
- a8kexhibit991-q12024.htm (EX-99.1) — 296KB
- image.jpg (GRAPHIC) — 30KB
- 0001436126-24-000029.txt ( ) — 519KB
- mg-20240501.xsd (EX-101.SCH) — 2KB
- mg-20240501_lab.xml (EX-101.LAB) — 21KB
- mg-20240501_pre.xml (EX-101.PRE) — 12KB
- mg-20240501_htm.xml (XML) — 3KB
02. Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition On May 1, 2024, Mistras Group, Inc. (the "Company," "we," "us" and "our") issued a press release announcing the financial results for our first quarter of 2024, which ended March 31, 2024. 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 income before special items", 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 (Loss) before Special Items" (which includes operating income (loss) before special items) 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)". The non-GAAP financial measure "Diluted EPS excluding Special Items", is presented and reconciled to the 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 financial measures are included in the press release. Our management uses and provides these non-GAAP financial measures 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 for the Company 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 the Company's executive officers. We believe that investors and other users of the financial statements benefit from the pr
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 May 1, 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: May 1, 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 May 1, 2024 3