Mistras narrows FY24 revenue view to $725M-$730M from $725M-$750M

Consensus $743.55M. Lowers FY24 adjusted EBITDA view to $80M-$82M from $84M-$89M. Stamatakis continued, “I am encouraged with the progress being achieved by the collaboration between our Commercial and Operations functions, which is resulting in the successful renewal of long-term agreements with a number of our largest customers. Our continued cost discipline, strategic partnerships with our valuable portfolio of clients, and the Company’s long-term vision have us excited for the prospect of continued profitable growth for Mistras (MG).”