MISTRAS : Q1 2026 Earnings Report Presentation May 2026

Published: 2026-05-06 09:16:16 ET MG

Published on 05/06/2026 at 09:16 am EDT

Q1 2026

Earnings Report

MaQ 6, 2026

Co⭲solidatcd íc:c⭲"c gícw 4.6% Qcaí-o:cí-Qcaí, ícrlccti⭲g stío⭲g dcma⭲d acíoss coíc scí:icc li⭲cs.

Adj"stcd EBIľKA gícw $2.« millio⭲ oí 1®.7%, díi:c⭲ bQ gíoss píorit cxpa⭲sio⭲ a⭲d ra:oíablc b"si⭲css mix.

Gíoss píorit gícw bQ $«.® millio⭲, witk gíoss píorit maígi⭲ cxpa⭲di⭲g 120 basis poi⭲ts s"ppoítcd bQ ra:oíablc mix a⭲d opcíatio⭲al crricic⭲cics.

Adj"stcd EBIľKA maígi⭲ ícackcd ®.5%, cxpa⭲di⭲g 110 basis poi⭲ts o:cí tkc píioí Qcaí pcíiod.

Revenue by Industry (I⭲ millio⭲s) Ioí ť"e quaíťeí e⭲ded Maíc" «1

Stío⭲g pcíroíma⭲cc i⭲ kcQ gíowtk maíkcts: Acíospacc & Kcrc⭲sc, Powcí, I⭲ríastí"ct"íc

2026 2025 YoY Change

Oil & Gas c⭲d maíkct was ícsilic⭲t dcspitc i⭲spcctio⭲ dcrcííals d"c to sig⭲irica⭲t basc or ícc"ííi⭲g í"⭲ & mai⭲tai⭲ b"si⭲css or ~60%

Oil & Gas

$85.5

$96.6

(11.5%)

Acíospacc & Kcrc⭲sc

$27.G

$20.4

35.5%

I⭲d"stíials

$18.G

$1®.6

0.4%

I⭲ríastí"ct"íc, R&K & E⭲g

$13.3

$7.2

84.0%

Powcí Gc⭲ & ľía⭲smissio⭲

$G.5

$4.7

40.2%

All Otkcís

$17.5

$14.1

22.9%

ľotal $1G9.0

$161.6

4.G%

Co⭲ti⭲"cd PCMS gíowtk, o:cí 10% i⭲ Q1

Cíoss-scll wi⭲s or $®.2 millio⭲ a⭲⭲"alizcd co⭲tíact :al"c

I⭲tcgíatcd data díi:c⭲ ricld i⭲spcctio⭲ sol"tio⭲s to dcli:cí moíc pícdicti:c o"tcomcs, ícd"cc dow⭲-timc, a⭲d impío:c crricic⭲cQ roí c"stomcís

Expa⭲dcd to r"ll-scopc a⭲d t"í⭲kcQ sol"tio⭲s bQ addi⭲g mccka⭲ical, wcldi⭲g, íobotics a⭲d dío⭲c-bascd i⭲spcctio⭲

O"í Kata Sol"tio⭲s b"si⭲css dcli:cís a t"í⭲kcQ i⭲tcgíatio⭲ or scí:iccs, tcck⭲ologQ, data, a⭲d a⭲alQtics:

Stíatcgic maíkcts, "p $15.« millio⭲ («0%)

A&K H"b-a⭲d-spokc modcl scalcs capacitQ a⭲d dcli:cís kigkcí-maígi⭲ woík

Expa⭲dcd ⭲cw "sc cascs roí o"í i⭲tcgíatcd

orrcíi⭲gs i⭲ I⭲ríastí"ct"íc a⭲d Powcí c⭲d maíkcts

In-Lab Hub & Spoke Platfoím

MISľRAS A&K HUBS

MISľRAS LABS

AI-c⭲ablcd tools i⭲ o"í back-orricc r"⭲ctio⭲s to stícamli⭲c woíkrlows

Optimizi⭲g Píoccsscs a⭲d c⭲ka⭲ccd

tcck⭲icia⭲ sckcd"li⭲g

Cost ma⭲agcmc⭲t a⭲d opcíatio⭲al discipli⭲c

Hcllo Mistías C"stomcí

Customer Safety Recognition

Overall Metrics

(I⭲ millio⭲s)

Ioí ť"e quaíťeí e⭲ded Maíc" «1

2026

2025

YoY Change

Revenue

$1G9.0

$1G1.G

4.5%

Gíoss Píofit

$44.7

$40.9

9.3%

Gíoss Níoriť Maígi⭲

25.5%

25.3%

120 bps

Selling, Geneíal, & Admin Expenses

$37.0

$35.7

3.7%

Income fíom Opeíations

$4.7

($1.0)

552.5%

GAAP Net Income

$2.4

($3.2)

175.0%

Eaínings peí Diluted Shaíe

$0.07

($0.10)

170.0%

Adjusted EBIľDA (Non-GAAP)

$14.3

$12.0

18.7%

€djusťed EBIľK€ Maígi⭲ (No⭲-G€€N)

8.5%

7.4%

110 bps

Q1 2026 Highlights:

Stío⭲g íc:c⭲"c gíowtk or $7.4 million oí 4.G%

Adj"stcd EBIľKA or $14.3

million, i⭲cícasi⭲g 18.7%

Adj"stcd EBIľKA Maígi⭲ or 8.5%, cxpa⭲di⭲g 110 basis poi⭲ts

GAAP Nct I⭲comc or

$2.4 million

(I⭲ millio⭲s)

Ioí ť"e quaíťeí e⭲ded Maíc" «1

Q1 2026 Highlights:

Capcx or 4.«% or Rc:c⭲"c, roc"scd o⭲ cxpa⭲sio⭲ or I⭲-Lab tcsti⭲g capabilitics a⭲d tcck⭲ologQ díi:c⭲ sol"tio⭲s,

Rccci:ablc

2026 2025

Net Cash Píovided by Opeíating Activities (GAAP)

$2.8

$5.G

Lcss: Capital Expc⭲dit"ícs

($7.3)

($5.8)

Ïíee Cash Ïlow (non-GAAP)

($4.5)

($0.2)

(I⭲ millio⭲s)

Ioí ť"e peíiods e⭲ded Maíc" «1 a⭲d Kece½beí «1

2026 2025

ľotal Gíoss Debt (GAAP)

$181.4

$178.0

to "⭲lock salcs pipcli⭲c

Lcss: Cask a⭲d Cask Eq"i:alc⭲ts

$(25.0)

$(28.0)

Rcd"ctio⭲ i⭲ ľotal Acco"⭲ts

ľotal Net Debt (non-GAAP) $15G.4 $150.0

(I⭲ millio⭲s)

$151.4 $154.7

Management Imperatives Towards Long Term Value Creation

Stío⭲g íc:c⭲"c gíowtk a⭲d mca⭲i⭲gr"l píoritabilitQ impío:cmc⭲t, ícrlccti⭲g discipli⭲cd cxcc"tio⭲ a⭲d co⭲ti⭲"cd commcícial momc⭲t"m

I⭲:csti⭲g i⭲ CapEx a⭲d OpEx to mcct cxisti⭲g dcma⭲d i⭲ kcQ gíowtk maíkcts wkilc mai⭲tai⭲i⭲g maígi⭲ discipli⭲c i⭲ Oil & Gas

Ad:a⭲ci⭲g lo⭲g-tcím i⭲itiati:cs: cxpa⭲di⭲g wallct skaíc, dccpc⭲i⭲g c"stomcí c⭲gagcmc⭲t, a⭲d accclcíati⭲g tcck⭲ologQ a⭲d data-díi:c⭲ sol"tio⭲s

Sig⭲irica⭲t íccog⭲itio⭲ ríom i⭲d"stíQ cxpcíts a⭲d c"stomcís, íccog⭲izi⭲g o"í lcadcískip, i⭲⭲o:atio⭲, sarctQ, a⭲d q"alitQ acíoss global opcíatio⭲s

Reaffirming 2026 Full Year Outlook

Revenue Guide $730 - $750 (I⭲ millio⭲s)

Adj. EBITDA Guide $91 - $93 (I⭲ millio⭲s)

Midpoi⭲ť guida⭲ce

Midpoi⭲ť guida⭲ce

Adj. EBITDA Margin Guidance 12.4% - 12.5%

2026 net income and EPS to exceed 2025 levels alongside increased long-term growth investment

Q&A

Disclaimer

MISTRAS Group Inc. published this content on May 06, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 06, 2026 at 13:15 UTC.