Mistras Group (NYSE:MG) Full Year 2024 Results
Key Financial Results
- Revenue: US$729.6m (up 3.4% from FY 2023).
- Net income: US$19.0m (up from US$17.5m loss in FY 2023).
- Profit margin: 2.6% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
- EPS: US$0.61 (up from US$0.57 loss in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mistras Group EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.1%.
The primary driver behind last 12 months revenue was the North America segment contributing a total revenue of US$593.5m (81% of total revenue). Notably, cost of sales worth US$492.9m amounted to 68% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$156.4m (72% of total expenses). Explore how MG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.9% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Professional Services industry in the US.
Performance of the American Professional Services industry.
The company's shares are up 6.3% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Mistras Group that you should be aware of.
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