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Selected Quarterly Financial Information (unaudited)

12 Months Ended

Dec. 31, 2023

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Information (unaudited)

Selected Quarterly Financial Information (unaudited)

The following is a summary of the quarterly results of operations for calendar years 2023, 2022, and 2021 (in thousands).

Quarter ended						December 31, 2023						September 30, 2023						June 30, 2023						March 31, 2023
Revenue						$	182,073					$	179,354					$	176,030					$	168,016
Gross Profit						53,627						54,382						49,722						46,077
Income (loss) from operations						706						(4,682)						3,893						(1,830)
Net income (loss) attributable to Mistras Group, Inc.						$	(2,514)					$	(10,298)					$	337					$	(4,986)
Earnings (loss) per common share:
Basic						$	(0.08)					$	(0.34)					$	0.01					$	(0.17)
Diluted						$	(0.08)					$	(0.34)					$	0.01					$	(0.17)

Quarter ended						December 31, 2022						September 30, 2022						June 30, 2022						March 31, 2022
Revenue						$	168,218					$	178,462					$	179,031					$	161,662
Gross Profit						50,939						53,784						53,558						39,892
Income (loss) from operations						5,802						9,114						9,576						(4,698)
Net income (loss) attributable to Mistras Group, Inc.						$	2,842					$	4,373					$	4,643					$	(5,363)
Earnings (loss) per common share:
Basic						$	0.09					$	0.15					$	0.15					$	(0.18)
Diluted						$	0.09					$	0.14					$	0.15					$	(0.18)

Quarter ended						December 31, 2021						September 30, 2021						June 30, 2021						March 31, 2021
Revenue						$	171,163					$	174,556					$	177,677					$	153,735
Gross Profit						49,594						52,216						55,336						40,001
Income (loss) from operations						2,306						9,236						11,374						(4,746)
Net income (loss) attributable to Mistras Group, Inc.						$	(94)					$	3,380					$	5,937					$	(5,362)
Earnings (loss) per common share:
Basic						$	—					$	0.11					$	0.20					$	(0.18)
Diluted						$	—					$	0.11					$	0.20					$	(0.18)

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- References

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- Definition

The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 270
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 270
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//270/tableOfContent

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