Articles from MISTRAS Group, Inc.

PRINCETON JUNCTION, N.J., Oct. 14, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group (NYSE: MG), a global leader in technology-enabled industrial asset integrity and testing solutions, today announced it is partnering with Villari, a technology provider offering continuous visibility into fatigue and crack growth through a globally certified wireless crack-detection system for steel structures. The collaboration enables MISTRAS to offer Villari’s sensor technology to customers with any steel structure susceptible to cracking, advancing continuous, data-driven structural health monitoring and proactive maintenance.

PRINCETON, N.J., Sept. 09, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG), a global leader in technology-enabled asset protection solutions, today announced its partnership with Batchelor & Kimball (B&K), a mechanical & plumbing contractor recognized for solving the most complex HVAC and plumbing challenges. For decades, B&K has pushed the boundaries of what’s possible in large-scale construction, delivering precision, speed, and innovative solutions for projects that demand nothing less than excellence. Now, as data centers become the backbone of the digital economy, B&K is pairing its unmatched problem-solving expertise with MISTRAS’ advanced inspection and quality assurance capabilities to ensure these facilities are built for the future.

PRINCETON, N.J., Aug. 27, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, a global leader in technology-enabled industrial asset integrity and testing solutions, is proud to announce its partnership with Bechtel on the Hanford Vit Plant Project. MISTRAS will deliver a comprehensive range of non-destructive testing (NDT) services to support this critical project, which plays a key role in the U.S. Department of Energy’s mission to treat and stabilize nuclear waste at the Hanford Site in Washington State.

Robust Quarterly Organic Revenue Growth in Aerospace & Defense and Industrial Markets, with a Significant Expansion in quarter-over-quarter Gross Profit Margin of 200 basis points, Generating Net Income of $3.0 million, and Achieving Adjusted EBITDA of $24.1 million for the Second Quarter of 2025

PRINCETON JUNCTION, N.J., July 24, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, August 7, 2025, at 9:00 am Eastern Time to present its results for the second quarter of 2025. A press release with the second quarter results will be issued after the close of market on Wednesday, August 6, 2025.

PRINCETON JUNCTION, N.J., June 25, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a global leader in technology-enabled industrial asset integrity solutions, today announced the appointment of Cody Elliott as Vice President of Pipeline Data Solutions. Cody will drive the growth and advancement of MISTRAS’ inline inspection (ILI) and integrity engineering services as part of the company’s industry-leading suite of pipeline integrity data solutions.

Reinvigorated senior leadership with recently on-boarded, high-caliber positions with proven industry experience, to focus on delivering value to customers

PRINCETON JUNCTION, N.J., May 05, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 8, 2025, at 9:00 am Eastern Standard Time to present its results for the first quarter of 2025. A press release with the first quarter results will be issued after the close of market on Wednesday, May 7, 2025.

PRINCETON JUNCTION, N.J., April 24, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG), the leading global provider of integrated, technology-enabled asset protection solutions, today announced the launch of MISTRAS Data Solutions, a unified brand that consolidates the company’s data-centric services, software solutions, and technology under one umbrella.

PRINCETON JUNCTION, N.J., April 14, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG), the leading provider of integrated technology-enabled asset protection solutions, today announced the appointment of Cliff Schaffer as Senior Vice President of In-Lab Services. Reporting to Hani Hammad, Executive Vice President and Chief Operating Officer, Schaffer will lead MISTRAS’ in-lab strategy and operations across North America, with a focus on scaling services for aerospace and defense and heavy manufacturing sectors.

PRINCETON JUNCTION, N.J., April 09, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG), the leading “one source” multinational provider of integrated technology-enabled asset protection solutions, will ring the opening bell at the New York Stock Exchange today, celebrating growing interest in, and adoption of, its asset protection solutions in energy, manufacturing, and aerospace and defense.

Full year 2024 Revenue Growth of 3.4%, Net Income increased 208.6% to $19.0 million

PRINCETON JUNCTION, N.J., Feb. 26, 2025 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 6, 2025 at 9:00 am Eastern Time to present its results for the fourth quarter and fiscal year ended December 31, 2024. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 5, 2025.

PRINCETON JUNCTION, N.J., Feb. 06, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of MISTRAS Group, Inc. (NYSE: MG) is deeply saddened to announce the passing of Dr. Sotirios J. Vahaviolos, the company’s Founder, Chairman Emeritus, and Board Director, on Thursday, February 6, 2025.

PRINCETON JUNCTION, N.J., Dec. 12, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG)—a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, is pleased to announce the appointment of Hani Hammad as the Company’s Chief Operating Officer (COO), effective January 1, 2025. This appointment follows the recent hiring of Natalia Shuman as the Company’s President and Chief Executive Officer (CEO), to whom Mr. Hammad will report directly. In addition to his role as COO, Mr. Hammad will continue serving as MISTRAS Group Executive Vice President.

Manuel (Manny) N. Stamatakis Continues as Executive Chairman of the Board

Quarterly Revenue Growth of 1.9%, driven by continued strong growth in the International segment

PRINCETON JUNCTION, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, October 31, 2024 at 9:00 am Eastern Time to discuss its results for the third quarter of 2024. A press release with the third quarter results will be issued after the close of market on Wednesday, October 30, 2024.

Quarterly Revenue Growth of 7.8% driven by increases in all industries

PRINCETON JUNCTION, N.J., July 26, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, August 1, 2024 at 9:00 am Eastern Time to discuss its results for the second quarter of 2024. A press release with the second quarter results will be issued after the close of market on Wednesday, July 31, 2024.

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 10:00 AM ET ON MAY 9, 2024

Q1 2024 Revenue of $184.4 million, up 9.8% from the prior year period; highest Q1 Revenue since 2018

PRINCETON JUNCTION, N.J., April 26, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 2, 2024 at 9:00 am Eastern Time to discuss its results for the first quarter of 2024. A press release with the first quarter results will be issued after the close of market on Wednesday, May 1, 2024.

Hani Hammad Hired as Executive Vice President and Chief Transformation Officer

Management Presentation to Be Webcast Live at 10:00 AM ET on March 13, 2024

Q4 2023 Revenue of $182.1 million, up 8.2%

PRINCETON JUNCTION, N.J., Feb. 29, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 7, 2024 at 9:00 am Eastern Time to discuss its results for the fourth quarter and fiscal year ended December 31, 2023. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 6, 2024.

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 10:45 AM ET ON JANUARY 18, 2024

Management Presentation to be Webcast Live at 10:45 AM ET on November 16, 2023

PRINCETON JUNCTION, N.J., Nov. 02, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, today provided an update on the status of Project Phoenix, the Company’s strategic program to increase Income from Operations through reductions in corporate administrative overhead and enhancements to pricing.

Continued Revenue Growth in Commercial Aerospace and Data Analytical Solutions Markets

PRINCETON JUNCTION, N.J., Oct. 27, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Friday, November 3, 2023 at 9:00 am Eastern Time to discuss its results for the third quarter of 2023. A press release with the third quarter results will be issued after the close of market on Thursday, November 2, 2023.

PRINCETON JUNCTION, N.J., Oct. 12, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE: MG) has announced the granting of stock options following the recent appointment of Manuel N. Stamatakis as the company's new Chairman of the Board and Interim President and Chief Executive Officer.

Dr. Sotirios J. Vahaviolos Appointed Chairman Emeritus

Transformation of Products & Systems’ Segment to Refocus on Core Acoustic Emission (AE) Technology

Management Presentation to Be Webcast Live at 10:00 AM ET on August 17

Strong revenue growth in key markets - Commercial Aerospace and Data Solutions including OnStream PipelineSelling, General and Administrative expenses reduced by $1.3 million or 3.1% on a quarterly sequential basisSignificant Operating Cashflow increase of 134.6% for the first half of 2023 to $18.3 million

PRINCETON JUNCTION, N.J., July 28, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, August 3, 2023 at 9:00 am Eastern Time to discuss its results for the second quarter of 2023. A press release with the second quarter results will be issued after the close of market on Wednesday, August 2, 2023.

PRINCETON JUNCTION, N.J., June 22, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) – a leading "one source" multinational provider of integrated technology-enabled asset protection solutions – announced today that it is set to rejoin the broad-market Russell 3000® Index at the conclusion of the 2023 Russell indexes annual reconstitution, effective after the U.S. market opens on June 26, 2023, according to a preliminary list of additions posted May 19, 2023.

Management Presentation to be Webcast Live at 1:45 PM ET on June 14, 2023

Management Presentation to be Webcast Live at 11:30am ET on May 11

Revenue increase of 3.9% as reported; up 5.5% in constant currencyContinued Gross Margin improvement - Gross Profit Margin increase of 270 basis pointsSignificantly improved Cash provided by Operating Activities and Free Cash Flow

PRINCETON JUNCTION, N.J., April 28, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) – a leading “one source” multinational provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure – announced today that Dennis Bertolotti, President and Chief Executive Officer, and Edward Prajzner, Chief Financial Officer, will be attending the Inaugural EF Hutton Global Conference, being held from May 10-11, 2023 in New York, NY – USA.

PRINCETON JUNCTION, N.J., April 27, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, May 4, 2023 at 9:00 am Eastern Time to discuss its results for the first quarter of 2023. A press release with the first quarter results will be issued after the close of market on Wednesday, May 3, 2023.

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 1:00 PM EDT ON MARCH 23, 2023

Significantly Improved Quarterly Operating Profit and Net Income Growth

PRINCETON JUNCTION, N.J., March 03, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) has scheduled a conference call for Thursday, March 9, 2023 at 9:00 am Eastern Time to discuss its results for the fourth quarter and fiscal year ended December 31, 2022. A press release with the fourth quarter results will be issued after the close of market on Wednesday, March 8, 2023.

PRINCETON JUNCTION, N.J., Feb. 08, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) – a leading "one source" multinational provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infrastructure – announced today that Jonathan Wolk, Senior Executive Vice President and Chief Operating Officer (COO), will be departing MISTRAS effective immediately. In the interim, MISTRAS Group President and Chief Executive Officer (CEO), Dennis Bertolotti, will assume Mr. Wolk's duties.

Management Fireside Chat to Be Webcast Live at 11:30 AM ET on November 9, 2022

Quarterly Consolidated Top-line Growth of 2.2%

PRINCETON JUNCTION, N.J., Oct. 31, 2022 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (NYSE:MG) has scheduled a conference call for Thursday, November 3, 2022 at 9:00 am Eastern Time to discuss its results for the third quarter of 2022. A press release with the third quarter results will be issued after the close of market on Wednesday, November 2, 2022.

MANAGEMENT PRESENTATION TO BE WEBCAST LIVE AT 4:30 PM EDT ON OCTOBER 12, 2022