Mistras group, inc. (MG)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Nov'16Sep'16Aug'16Jun'16May'16Mar'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
Revenue

159,465

178,991

192,192

200,616

176,787

180,762

182,169

191,793

187,630

-

179,570

170,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

113,324

122,768

129,241

135,063

122,417

-

124,260

131,084

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,342

-

124,510

127,731

99,225

112,938

94,253

103,942

82,902

92,086

72,411

82,953

61,252

Products and systems

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,496

-

9,151

9,998

14,162

14,152

9,865

10,278

8,545

10,043

6,802

5,884

7,158

Revenue

-

-

-

-

-

-

-

-

-

-

-

-

163,318

-

176,642

168,811

168,443

178,340

-

167,455

160,355

194,786

179,853

174,686

163,100

206,893

166,573

179,127

151,727

156,755

135,838

144,505

133,661

137,729

113,387

127,090

104,118

114,220

91,447

102,129

79,213

88,837

68,410

Cost of revenue

-

-

-

-

-

-

-

-

133,787

-

126,316

118,825

115,002

-

119,214

112,754

112,981

121,044

120,561

118,230

-

132,720

123,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

5,497

5,640

5,182

5,482

5,496

5,555

5,577

5,626

5,698

-

5,357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112,357

-

-

-

119,356

142,940

119,722

-

107,898

104,494

96,561

-

99,455

95,824

79,670

89,619

74,534

79,005

64,027

69,909

56,616

61,029

47,632

Cost of services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,624

-

91,209

87,044

70,516

77,406

66,336

71,047

56,887

61,758

50,696

55,667

41,391

Cost of products and systems sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,629

-

3,527

4,485

5,010

7,846

4,238

4,216

3,640

4,664

2,460

2,067

3,277

Depreciation related to services

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,050

-

4,465

4,124

3,976

4,290

3,760

3,556

3,323

3,324

3,307

3,136

2,809

Depreciation

-

-

-

-

-

-

-

-

-

-

-

5,271

5,163

-

5,352

5,406

5,406

5,761

5,753

5,255

5,189

5,141

5,179

5,457

5,010

4,914

4,857

8,738

4,529

4,284

258

17,273

254

171

168

77

200

186

177

163

153

159

155

Gross profit

40,644

50,583

57,769

60,071

48,874

52,314

52,332

55,083

48,145

50,319

47,897

46,343

43,153

47,978

52,076

50,651

50,056

51,535

52,000

43,970

42,809

56,925

51,274

44,966

38,734

59,039

41,994

46,389

39,300

47,977

39,277

38,543

34,206

41,905

33,717

37,471

29,584

35,215

27,420

32,220

22,597

27,808

20,778

Selling, general and administrative expenses

41,558

42,607

42,328

41,923

41,763

43,470

41,931

41,267

39,034

38,333

38,217

37,973

37,302

-

36,249

34,995

35,278

37,217

37,638

35,053

33,747

34,008

35,836

38,820

32,758

37,180

35,220

33,348

31,794

29,849

28,699

27,729

27,209

23,362

23,492

23,533

20,806

19,378

19,381

18,884

16,005

15,615

15,479

Bad debt provision for troubled customers, net of recoveries

0

240

0

-2,693

5,491

650

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charges

106,062

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charges

-

-

-

-

-

-

-

-

-

-

15,810

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension withdrawal expense

0

-

-

-

534

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension withdrawal expense (benefit)

-

-

-45

0

-

-

5,886

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of subsidiary

-

-

0

-

-

-

2,384

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and engineering

824

784

650

754

857

896

745

913

756

522

555

552

643

-

580

643

632

623

624

662

677

601

621

599

644

629

649

809

757

786

643

646

754

530

517

290

578

602

589

512

514

569

555

Depreciation and amortization

3,970

4,353

4,089

4,119

4,172

3,122

2,920

2,965

2,950

2,510

2,738

2,613

2,502

-

2,542

2,513

2,597

2,865

2,867

2,762

2,742

2,822

2,781

3,050

3,104

3,472

3,422

2,891

2,771

2,501

2,457

2,246

2,473

2,167

1,895

1,668

1,805

1,503

1,479

1,497

1,385

1,326

1,178

Acquisition-related expense (benefit), net

-542

-95

-32

549

453

1,675

217

-366

-994

1,072

-248

202

-544

-

197

384

394

-330

-367

-153

-115

-75

-896

-2,130

-1,642

-434

-961

-1,127

978

-411

-2,097

-1,135

-1,212

99

107

-

973

-339

-

-

-

-

-

Litigation charges

-

-

-

-

-

-

-

-

-

-

1,200

-

-

0

-

0

-

6,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Legal reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78

0

101

250

Loss from operations

-111,228

2,335

10,779

15,419

-4,396

2,501

3,017

10,304

6,399

6,282

-10,375

5,003

3,250

2,944

12,508

12,116

11,155

4,840

4,918

5,646

5,758

19,569

12,932

4,627

3,870

18,192

3,664

10,468

3,000

15,252

9,575

-881

4,982

15,747

7,706

10,634

5,422

14,071

5,971

11,405

4,693

10,197

3,316

Interest expense

2,789

-

-

-

3,527

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

-

-

2,959

3,579

-

-

1,894

1,895

1,792

-

1,081

1,015

1,018

-

928

778

820

340

-

1,100

1,123

1,335

1,922

-

1,161

1,352

905

-

792

772

745

-

882

816

760

636

690

1,145

661

816

596

671

690

Gain on extinguishment of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113

-

-

-

-

-

-

Loss before provision (benefit) for income taxes

-114,017

-1,298

7,820

11,840

-7,923

132

1,123

8,409

4,607

5,010

-11,456

3,988

2,232

-

11,580

11,338

10,335

4,500

4,536

4,546

4,635

18,234

11,010

3,423

2,709

16,840

2,759

9,585

2,208

14,480

8,830

-1,711

4,100

14,931

6,946

10,782

4,619

12,926

5,310

10,589

4,097

9,526

2,626

Benefit for income taxes

-15,495

-2,134

4,733

4,397

-2,637

1,196

2,133

2,409

1,688

4,141

-4,503

1,770

534

-

4,284

4,083

3,726

1,737

1,764

1,088

1,034

6,804

4,163

1,283

941

6,428

1,088

3,153

984

5,196

3,195

2,878

1,349

5,745

2,655

3,619

1,548

5,008

2,116

3,940

1,690

3,818

1,054

Net loss

-98,522

836

3,087

7,443

-5,286

-1,064

-1,010

6,000

2,919

869

-6,953

2,218

1,698

-

7,296

7,255

6,609

2,763

2,772

3,458

3,601

11,430

6,847

2,140

1,768

10,412

1,671

6,432

1,224

9,284

5,635

-4,589

2,751

9,186

4,291

7,163

3,071

7,918

3,194

6,649

2,407

5,708

1,572

Less: Net income (loss) attributable to non-controlling interests, net of taxes

-13

7

-6

12

7

-4

1

0

12

-15

15

1

6

-

26

17

13

2

8

11

8

5

-25

-31

-49

-15

5

13

23

27

-6

-40

0

23

10

31

34

-38

-34

-69

-36

30

-20

Net loss attributable to Mistras Group, Inc.

-98,509

829

3,093

7,431

-5,293

-1,060

-1,011

6,000

2,907

884

-6,968

2,217

1,692

963

7,270

7,238

6,596

2,761

2,764

3,447

3,593

11,425

6,872

2,171

1,817

10,427

1,666

6,419

1,201

9,257

5,641

-4,549

2,751

9,163

4,281

7,132

3,037

7,956

3,228

6,718

2,443

5,678

1,592

Earnings (loss) per common share:
Basic (in dollars per share)

-3.40

-

0.11

0.26

-0.19

-

-0.04

0.21

0.10

-

-0.25

0.08

0.06

-

0.25

0.25

0.23

0.10

-

0.12

0.12

0.40

0.24

-

0.06

0.36

0.06

0.22

0.04

0.33

0.20

-0.17

0.10

0.33

0.15

0.25

0.11

0.29

0.12

0.25

0.09

0.21

0.06

Diluted (in dollars per share)

-3.40

-

0.11

0.26

-0.19

-

-0.04

0.20

0.10

-

-0.25

0.07

0.06

-

0.24

0.24

0.22

0.09

-

0.11

0.12

0.39

0.23

-

0.06

0.35

0.06

0.22

0.04

0.32

0.19

-0.16

0.09

0.32

0.15

0.24

0.11

0.28

0.11

0.25

0.09

0.21

0.06

Weighted-average common shares outstanding:
Basic (in shares)

28,963

28,929

28,800

28,657

28,574

28,545

28,429

28,346

28,304

28,290

28,274

28,437

28,687

-

29,056

29,051

28,976

28,932

28,925

28,915

28,906

28,869

28,724

28,700

28,656

28,619

28,477

28,445

28,396

28,378

28,241

28,200

28,175

28,144

28,045

27,972

27,921

27,786

27,677

26,900

26,667

26,665

26,664

Diluted (in shares)

28,963

29,592

29,156

28,862

28,574

30,583

28,429

29,334

29,362

25,910

28,274

29,599

29,905

-

29,998

30,231

30,210

30,152

30,476

29,980

29,899

29,594

29,595

29,882

29,529

29,397

29,552

29,711

29,374

29,102

29,109

29,315

29,101

29,008

29,000

29,086

28,829

28,600

28,225

27,219

26,919

26,816

26,778