v3.26.3
Unaudited Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Revenue $ 204,621 $ 195,549 $ 566,787 $ 542,569
Cost of revenue 136,321 131,826 386,103 372,851
Depreciation 6,263 5,530 17,470 16,688
Gross profit 62,037 58,193 163,214 153,030
Selling, general and administrative expenses 38,493 33,478 114,201 108,923
Reorganization and other costs 1,455 1,764 3,457 7,802
Transaction-related expense 4,304 0 4,304 0
Environmental expense, net (110) 199 219 1,257
Research and engineering 247 210 711 778
Depreciation and amortization 2,599 2,161 7,645 6,473
Income from operations 15,049 20,381 32,677 27,797
Other (income) expense, net 522 0 (1,423) 0
Interest expense 3,446 3,381 10,463 10,944
Income before provision for income taxes 11,081 17,000 23,637 16,853
Provision for income taxes 4,172 3,797 6,819 3,692
Net income 6,909 13,203 16,818 13,161
Less: net (loss) income attributable to noncontrolling interests, net of taxes (40) 95 (100) 222
Net income attributable to Mistras Group, Inc. $ 6,949 $ 13,108 $ 16,918 $ 12,939
Net income per common share:        
Basic (in dollars per share) $ 0.22 $ 0.42 $ 0.53 $ 0.41
Diluted (in dollars per share) $ 0.21 $ 0.41 $ 0.51 $ 0.41
Weighted-average common shares outstanding:        
Basic (in shares) 31,853 31,543 31,768 31,361
Diluted (in shares) 33,039 31,880 32,919 31,920