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Mistras Group, Inc. (MG) filed an 8-K current report with the SEC on May 5, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 FY2026 results covered quarter ended March 31, 2026; press release issued May 5, 2026.
Mistras Group, Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 FY2026 results covered quarter ended March 31, 2026; press release issued May 5, 2026
- Exhibit 99.1 contains the financial results and reconciliations investors need for GAAP and adjusted metrics
- Management highlighted Adjusted EBITDA, free cash flow, net debt and special-item-adjusted earnings
- Adjusted EBITDA and free cash flow influence executive incentive compensation
- Non-GAAP measures exclude certain operating costs and lack standardized comparability across companies
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $169.0M, up 4.6%, led by Aerospace & Defense growth of 35.5% and strategic-market growth of 30.1%
- Gross margin expanded 120 basis points to 26.5%, while Adjusted EBITDA rose 18.7% to $14.3M
- GAAP net income $2.4M and diluted EPS $0.07, reversing prior-year net loss of $3.2M and $(0.10) EPS
- Oil & Gas revenue declined $11.1M from inspection deferrals and lower-margin account exits, creating near-term execution risk
- Free cash flow was negative $4.5M and net debt rose to $156.4M, despite reaffirmed 2026 revenue guidance of $730.0M–$750.0M
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