Slide 1: 2024 Earnings Report
March 6, 2025 2024 Earnings Report
Slide 2: Safe Harbor Statement and Other Matters
Safe Harbor Statement and Other Matters Forward-Looking and Cautionary Statements Certain statements contained in this press release are "forward-looking statements" within the "potential," "targeted," "anticipate," "believe," "estimate," "expect," "intend," "plan," "predict," meaning of Section 27A
Slide 3: Honoring an Industry Titan: Dr. Sotirios J. Vahaviolos
Honoring an Industry Titan Dr. Sotirios J. Vahaviolos MISTRAS mourns the loss of our Founder and Chairman Emeritus Visionary leader and pioneer in the field of non-destructive testing (NDT) and acoustic emission (AE) Grew MISTRAS from one-office outfit to a publicly-listed, global corporation
Slide 4: Full Year Revenue
Full Year Revenue (In millions) For the year ended December 31 Products and Consolidated North America International Systems 2024 $729.6 2024 $593.5 2024 $136.0 2024 $13.7 2023 $705.5 2023 $579.3 2023 $124.4 2023 $13.0 +3.4% +2.5% +9.3% +5.4% $24.1 $14.2 $11.6 $0.7 4 Copyright © 2025 MISTRAS Group,
Slide 5: Operating Income, Net Income, and Adj EBITDA
Operating Income, Net Income, and Adj EBITDA (In millions) For the quarter ended December 31 For the year ended December 31 2024 2023 YoY % 2024 2023 YoY % Income (loss) from $10.5 $0.7 NM* $39.8 $(1.9) NM* operations Net Income $5.3 ($2.5) +312% $19.0 ($17.5) +209% Adjusted EBITDA $20.9 $19.2 +8.8%
Slide 6: Our New President & CEO Natalia Shuman
Our New President & CEO Natalia Shuman Career Highlights Over two decades of leadership experience having held executive roles at prominent global organizations in the Testing, Inspection, & Certification (TIC) industry and HR and Staffing Solutions. A global business leader with extensive exper
Slide 7: Revenue by Industry
Revenue by Industry (In millions) For the year ended December 31 Revenue 2024 2023 YoY% Oil & Gas $418.9 $416.0 0.7% Aerospace & Defense $87.0 $77.0 13.0% Industrials $71.7 $70.6 1.6% Power Gen & Transmission $36.5 $34.0 7.4% Other Process Industries $49.8 $47.6 4.6% Infrastructure, R&D & Eng $33.2
Slide 8: Key Cash Flow and Debt Balances
Key Cash Flow and Debt Balances (In millions) Net cash provided by Free Cash Flow Debt 2024 2023 operating activities (GAAP) (Non-GAAP) 2024 2023 2024 2023 Total Gross $169.6 $190.4 Debt (GAAP) $25.7 $16.1 $20.8 $8.7 For the quarter ended December 31 For the quarter ended December 31 Less: Cash and
Slide 9: Key Consolidated Income Statement Metrics
Key Consolidated Income Statement Metrics (In millions) For the year ended December 31 2024 2023 Revenue $729.6 $705.5 Gross Profit $213.1 $203.8 Gross Margin 29.2% 28.9% Selling, General and Administrative Expenses $156.4 $166.7 Reorganization and Other Costs $5.5 $12.3 Income (Loss) from Operation
Slide 10: Segment Information
Segment Information (In millions) For the quarter ended December 31 For the year ended December 31 Revenue 2024 2023 2024 2023 North America $136.9 $148.0 $593.5 $579.3 International $35.0 $33.8 $136.0 $124.4 Products & Systems $3.8 $3.1 $13.7 $13.0 Corporate & Eliminations $(3.0) $(2.8) $(13.5) $(1
Slide 11: Supporting Civilization's Most Critical Assets
Supporting Civilization’s Most Critical Assets WHO WE HELP HOW WE HELP MISTRAS’ Field Inspection, Data Analytical Solutions and In-Lab Testing empower customers to prioritize integrity threats, maximize uptime and ensure safety and compliance. OIL & GAS FIELD DATA IN-LAB AEROSPACE & DEFENSE DOWNSTRE
Slide 12: Contact Us
Contact Us Corporate Headquarters 195 Clarksville Road +1-833-MISTRAS investors@mistrasgroup.com Princeton Junction, NJ 08550