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Stock impact report

MISTRAS Group Announces Third Quarter 2019 Results

Mistras Group Inc (MG) 
Last mistras group inc earnings: 11/4 05:20 pm Check Earnings Report
US:NYSE Investor Relations: investors.mistrasgroup.com
Company Research Source: GlobeNewswire
Strong Q3 Cash Flow from Operations of $19 million, with Gross Margin Expansion to 30% Highlights of the Third Quarter and Year-to-Date 2019* Q3 revenue up 6% to $192.2 millionQ3 gross profit up 10% to $57.8 million and gross margin expanded 140 basis points to 30.1%Q3 operating income up 257% to $10.8 millionQ3 net income of $3.1 million compared to year ago net lossQ3 adjusted EBITDA up 7% to $22.4 millionQ3 cash from operations up 374% to $19.4 million YTD debt repayment of $23.3 millionYTD operating income up 11% to $21.8 million but growth rate expected to decline in the fourth quarter (refer to guidance update details on page three of this press release) *- All comparisons are consolidated and versus the equivalent prior year period. PRINCETON JUNCTION, N.J., Nov. 04, 2019 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" global provider of technology-enabled asset protection solutions, reported financial results for Show less Read more
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