MISTRAS Delivers Strong 2024 Results, Driven by Operational Efficiency and Revenue Growth

MISTRAS Group, Inc. (MG: NYSE), a leading multinational provider of integrated technology-enabled asset protection solutions, has reported its fourth quarter and full year 2024 results, showcasing strong financial performance driven by operational efficiency and revenue growth. The company's focus on cost discipline and strategic initiatives has contributed to a significant increase in Adjusted EBITDA and Net Cash from Operations.

In the full year 2024, MISTRAS Group achieved a 3.4% increase in revenue, with growth across all reported segments and industries. The company's Adjusted EBITDA (non-GAAP) increased by 25.3% compared to the prior year, reflecting significant improvement in operating leverage. Net Cash from Operations increased by 87.4% to $50.1 million, and Free Cash Flow (non-GAAP) increased by 775.9% to $27.1 million.



Manny Stamatakis, Executive Chairman of the Board of Directors, commented on the company's performance, "The Company's consolidated fourth quarter results exceeded our annual revised guidance, with the bottom line expanding significantly, demonstrating the margin accretive actions that we have instituted into our business model. On a full year basis, revenue was up in all reported segments and across all of our industries that we serve, illustrating the increasing diversity of our growing end markets. Adjusted EBITDA was up over 25% versus the prior year, reflecting significant improvement in our operating leverage, and our Adjusted EBITDA margin expanded by 200 basis points over the prior year."

In conclusion, MISTRAS Group's strong financial performance in 2024, driven by operational efficiency and revenue growth, demonstrates the company's commitment to cost discipline and strategic initiatives. The company's focus on improving operating leverage, reducing SG&A expenses, and reinvesting in high-margin growth initiatives has enhanced its competitive position and contributed to its overall success. As the company continues to execute on its strategic path forward, investors should remain optimistic about its prospects for continued profitable growth.