Mistras Group (MG) Q4 2025 Earnings Transcript

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Thursday, March 5, 2026 astatine 9:00 a.m. ET

• Executive Chairman of the Board — Manuel Stamatakis

• President and Chief Executive Officer — Natalia Shuman

• Senior Executive Vice President and Chief Financial Officer — Edward J. Prajzner

Thomas Tobolski: Good morning, everyone, and invited to Mistras Group, Inc.'s 4th fourth 2025 net league call. I americium joined contiguous by Manuel Stamatakis, Executive Chairman of the Board, Natalia Shuman, President and Chief Executive Officer, and Edward J. Prajzner, Senior Executive Vice President and Chief Financial Officer. Before we start, I privation to punctual everyone that remarks made during this league call, arsenic good arsenic supplemental accusation provided connected our website, incorporate definite forward-looking statements and impact risks and uncertainties arsenic described successful Mistras Group, Inc.'s SEC filings. The large factors that tin origin Mistras Group, Inc.'s existent results to disagree are discussed successful the company's astir caller Annual Report connected Form 10-K and different reports filed with the SEC.

The treatment successful this league telephone volition besides see definite non-GAAP fiscal measures that we judge are utile to investors evaluating the company's show but that were not prepared successful accordance with U.S. GAAP. Reconciliations of these non-GAAP fiscal measures to the astir straight comparable U.S. GAAP fiscal measures tin beryllium recovered successful the tables contained successful yesterday's property merchandise and successful the company's related Current Report connected Form 8-Ks. These reports are disposable astatine the company's website successful the Investors conception and connected the SEC's website. I volition present crook the league implicit to Natalia Shuman.

Natalia Shuman: Good morning, everyone. Thank you for joining america today. It is my pleasance to study to you highlights of our 4th fourth and afloat twelvemonth fiscal show and supply an update connected the advancement made to day connected our strategical program and our outlook for 2026. Let maine archetypal commencement with 4th fourth results. I americium pleased to study that we delivered consolidated gross maturation of 5.1% successful the 4th fourth versus the anterior year. As we communicated earlier this year, we successfully executed connected a fig of captious initiatives to restart gross maturation successful 2025.

In particular, we generated double-digit gross maturation crossed respective cardinal areas of our business, namely wrong the aerospace and defense, powerfulness generation, and infrastructure extremity markets. Our aerospace and defence business, which is our semipermanent maturation engine, led the mode with $4.5 cardinal of maturation successful the 4th quarter, expanding 21.9% implicit the prior-year quarter. Power procreation was up $3.3 million, representing 33.2% maturation implicit the prior-year quarter. The industrials and infrastructure verticals were besides up 6.7% and 26.8%, respectively, implicit the aforesaid clip frame. These increases much than offset the anticipated diminution successful lipid and state gross owed to timing of projects and the closure of unprofitable labs.