Mistras Group Q1 Profit of $2.4M and Revenue of $169M Exceed Targets
MG•Mistras Group reported Q1 profit of $2.4 million, or $0.07 per share, beating breakeven analyst consensus, and generated revenue of $169 million, surpassing forecasts by $5 million. It reaffirmed full-year revenue guidance of $730 million to $750 million and adjusted EBITDA outlook of $91 million to $93 million.
1. Q1 Financial Results
Mistras Group posted revenue of $169.0 million in Q1 2026, up 4.6% year-over-year, and delivered GAAP net income of $2.4 million, or $0.07 per diluted share, compared to a loss in the prior year. Adjusted EBITDA rose 18.7% to $14.3 million, boosting margins by 110 basis points to 8.5%.
2. Segment Highlights
Aerospace & Defense led growth with a 35.5% increase, contributing $7.2 million, followed by Infrastructure and Power Generation gains of $6.1 million and $1.9 million, respectively. Oil & Gas revenues declined by $11.1 million due to project deferrals, while higher-value work and pricing discipline drove a 120 basis point expansion in gross profit margin to 26.5%.
3. Guidance and Outlook
The company reaffirmed full-year revenue guidance of $730 million to $750 million and adjusted EBITDA target of $91 million to $93 million. It cited timing of Oil & Gas inspections as the primary variable in achieving its outlook, while emphasizing ongoing investments in capacity and operational efficiency.
