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MISTRAS Group (MISTRAS Group) EBIT : $5.5 Mil (TTM As of Mar. 2024)


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What is MISTRAS Group EBIT?

MISTRAS Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $5.6 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $5.5 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MISTRAS Group's annualized ROC % for the quarter that ended in Mar. 2024 was 5.71%. MISTRAS Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. MISTRAS Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 1.14%.


MISTRAS Group EBIT Historical Data

The historical data trend for MISTRAS Group's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

MISTRAS Group EBIT Chart

MISTRAS Group Annual Data
Trend May14 May15 May16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.14 -101.22 18.17 19.80 -1.90

MISTRAS Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1.83 3.89 -4.68 0.71 5.55

Competitive Comparison of MISTRAS Group's EBIT

For the Security & Protection Services subindustry, MISTRAS Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MISTRAS Group's EV-to-EBIT Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, MISTRAS Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where MISTRAS Group's EV-to-EBIT falls into.



MISTRAS Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $5.5 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MISTRAS Group  (NYSE:MG) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MISTRAS Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=28.444 * ( 1 - 10.6% )/( (439.331 + 450.797)/ 2 )
=25.428936/445.064
=5.71 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=534.776 - 77.799 - ( 17.646 - max(0, 116.523 - 180.356+17.646))
=439.331

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

MISTRAS Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=22.212/( ( (80.972 + max(70.932, 0)) + (79.702 + max(80.348, 0)) )/ 2 )
=22.212/( ( 151.904 + 160.05 )/ 2 )
=22.212/155.977
=14.24 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(132.847 + 15.283 + 14.58) - (77.799 + 7.136 + 6.843)
=70.932

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(140.404 + 15.079 + 14.632) - (74.475 + 9.244 + 6.048)
=80.348

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

MISTRAS Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=5.478/480.262
=1.14 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


MISTRAS Group EBIT Related Terms

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MISTRAS Group (MISTRAS Group) Business Description

Traded in Other Exchanges
Address
195 Clarksville Road, Princeton Junction, NJ, USA, 08550
MISTRAS Group Inc provides asset protection solutions and systems. The company evaluates the structural integrity and reliability of critical energy, industrial, and public infrastructure. The company's three operating segments are Service, International and Products and Systems, of which key revenue is derived from the Services segment. Services segment provides asset protection solutions predominantly in North America, with the large amount of concentration in the United States, followed by Canada, consisting of non-destructive testing, and inspection. The asset protection solutions include field inspections, consulting, maintenance, data management, access, monitoring and laboratory quality assurance.
Executives
Nicholas Debenedictis director GLATFELTER, 96 SOUTH GEORGE ST STE 420, YORK PA 17401
John Anthony Smith officer: Executive Vice President 195 CLARKSVILLE RD, PRINCETON JUNCTION NJ 08550
Gennaro A. D'alterio officer: EVP, Chief Commercial Officer PO BOX 144, HARLEYSVILLE PA 19438
Sotirios Vahaviolos January 2023 2-year Grantor Retained Annuity Trust 10 percent owner C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Richard H Glanton director C/O THE GEO GROUP, INC., 4955 TECHNOLOGY WAY, BOCA RATON FL 33431
Manuel N. Stamatakis director C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Charles P Pizzi director C/O TASTY BAKING COMPANY, NAVY YARD CORP. CTR., THREE CRESCENT DR., PHILADELPHIA PA 19112
Michelle Lohmeier director C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210
Dennis Bertolotti officer: President and COO, Services C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
James J Forese director, 10 percent owner C/O SFN GROUP INC, 2050 SPECTRUM BOULEVARD, FT. LAUDERDALE FL 33309
Wayne Curtis Weldon director 4687 WEST CHESTER PIKE, NEWTOWN SQUARE PA 19073
Sotirios J. Vahaviolos director, 10 percent owner, officer: Chairman, President and CEO C/O MISTRAS GROUP, INC., 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Jonathan H Wolk officer: EVP, Chief Financial Officer 3102 SHAWNEE DRIVE, WINCHESTER VA 22601
Michael C Keefe officer: EVP, General Counsel C/O MISTRAS GROUP, 195 CLARKSVILLE ROAD, PRINCETON JUNCTION NJ 08550
Edward J Prajzner officer: Sr. VP, CFO and Treasurer C/O TECHNITROL, INC., 1210 NORTHBROOK DRIVE, SUITE 470, TREVOSE PA 19053