MISTRAS Q2 revenue misses estimates
MISTRAS reported Q2 revenue of $185.4 million, missing estimates by 2.3%. Net income also fell short at $3 million, while adjusted EBITDA of $24.1 million exceeded forecasts. The company anticipates 2025 adjusted EBITDA to surpass 2024 levels but is not providing full-year guidance. MISTRAS is assessing the impact of U.S. trade policy changes and expects a reduction in accounts receivable. Analysts maintain a "strong buy" rating, with a median 12-month price target of $11.50, reflecting a potential 31.2% increase from its recent trading price of $7.91.
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Overview
- MISTRAS Q2 revenue falls 2.3%, missing analyst expectations, per LSEG data
- Net income for Q2 misses estimates at $3.0 mln, per LSEG data
- Adjusted EBITDA hits $24.1 mln, beating analyst forecasts, per LSEG data
Outlook
- Company expects 2025 Adjusted EBITDA to surpass 2024 levels
- MISTRAS not providing full-year guidance for fiscal 2025
- Company assessing impact of U.S. trade policy changes on 2025 results
- MISTRAS anticipates reduction in accounts receivable balances this year
Result Drivers
- BUSINESS MIX - Improved business mix and operating efficiencies led to a 5.1% increase in gross profit
- FOREIGN EXCHANGE LOSS - SG&A expenses rose due to a $2.8 mln foreign exchange loss
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q2 Miss $185.40 $185.70
Revenue mln mln (3
Analysts
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Q2 Net Miss $3 mln $7.48
Income mln (3
Analysts
)
Q2 Beat $24.10 $20.40
Adjusted mln mln (3
EBITDA Analysts
)
Q2 Gross 29.1%
Margin
Q2 Gross $53.90
Profit mln
Analyst Coverage
- The current average analyst rating on the shares is “strong buy” and the breakdown of recommendations is 2 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”
- The average consensus recommendation for the integrated oil & gas peer group is “buy.”
- Wall Street’s median 12-month price target for Mistras Group Inc is $11.50, about 31.2% above its August 5 closing price of $7.91
- The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
