Mistras Group (MG $19.76 +0.30) reported first quarter revenues grew
34% y/y to $91.4 million versus the Capital IQ consensus $80.7 million; reports
EPS of $0.11, in line with consensus.
Organic growth contributed the bulk of the revenue gain. In the first quarter of
fiscal 2012, the organic growth rate was 19%, while acquisition growth was 12%
and the balance of growth was due to foreign currency fluctuations. The
Company's outlook is for continued double digit growth in revenue and Adjusted
EDITDA.
The Company is affirming its previously issued guidance for fiscal 2012 revenues
to be in the range of $375 million to $390 million (Capital IQ consensus $388.62
million) and Adjusted EBITDA to be in the range of $59 million to $64 million.
Mistras does not provide specific guidance for individual quarters, but will
update its annual guidance at least quarterly.






