Mistras reports stronger-than-expected Q2 results and lifts revenue and Adjusted EBITDA forecasts for the year.
Mistras posted Q2 non-GAAP earnings per share of $0.28, exceeding estimates by $0.03. Revenue reached $193.13 million, up 4.2% year-over-year and $3.81 million above expectations.
The company previously did not disclose Q2 consensus estimates but had guided for lower full-year revenue. Prior-year Q2 revenue stood at $185.3 million, with Adjusted EBITDA at $20.1 million.
Mistras raised its full-year revenue guidance to $740.0 million to $755.0 million and Adjusted EBITDA to $92.0 million to $95.0 million, signaling confidence in continued growth.