MISTRAS Q2 FY26 GAAP net income rises 153.6% to $7.6 million; revenue increases 4.2% to $193.1 million
MG•Demand trends and updated outlook
Management cited demand strength in infrastructure, power generation, aerospace and defense; full-year guidance was raised to $740 million-$755 million revenue and $92 million-$95 million adjusted EBITDA.
Second-quarter results and cash flow
MISTRAS posted Q2 revenue of $193.1 million, up 4.2% year over year; GAAP net income rose to $7.6 million.
GAAP diluted EPS climbed to $0.23; operating income increased 53.6% to $12.9 million.
Adjusted EBITDA (non-GAAP) rose 7% to a record $25.8 million; adjusted EBITDA margin widened 0.3 percentage point to 13.3%.
First-half operating cash flow improved to $17.7 million; free cash flow (non-GAAP) turned positive to $3.7 million.
