MISTRAS Group Announces First Quarter 2021 Results
May 05, 2021 16:01 ET | Source: MISTRAS Group, Inc. MISTRAS Group, Inc. PRINCETON JUNCTION, New Jersey, UNITED STATES
Revenue in Line with Outlook and on Track for Significant Improvement over remainder of Fiscal 2021
Continued Gross Margin Expansion - Gross Profit Margin up 50 basis points
Strong Expense Discipline - Selling, General and Administrative expenses decrease by 4.6%
Profitability Improves - Net loss decreased to $5.4 million, with Adjusted EBITDA up 30.2% to $7.0 million
PRINCETON JUNCTION, N.J., May 05, 2021 (GLOBE NEWSWIRE) MISTRAS Group, Inc. (MG: NYSE), a leading one source global multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its first quarter ended March 31, 2021.