MISTRAS Announces Fourth Quarter and Full Year 2023 Results
PRINCETON JUNCTION, N.J., March 06, 2024 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE), a leading "one source" multinational provider of integrated technology-enabled asset protection solutions, reported financial results for its fourth quarter and year ended December 31, 2023.
- “I am pleased to report strong top and bottom-line growth in the fourth quarter of 2023.
- Despite headwinds faced earlier in the year, we saw positive momentum in the second half of 2023 and our fourth quarter results are a tangible example of the momentum we have built heading into 2024.
- For the fourth quarter of 2023, consolidated revenue was $182.1 million, an increase of 8.2% from the fourth quarter of 2022.
- Fourth quarter 2023 gross profit increased 5.3%, although gross profit margin was down compared to the year ago period.