Mistras | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 195.55 M

Revenue: As of FY2025 Q3, the actual value is USD 195.55 M, beating the estimate of USD 189.94 M.

EPS: As of FY2025 Q3, the actual value is USD 0.41, beating the estimate of USD 0.29.

EBIT: As of FY2025 Q3, the actual value is USD 23.76 M.

North America Segment

• Revenue: $160.6 million for the three months ended September 30, 2025, an increase from $149.8 million in the same period in 2024.
• Gross Profit: $45.1 million, representing 28.1% of segment revenue, up from 24.8% in the prior year.
• Income from Operations: $22.8 million, up from $17.5 million in the prior year.

International Segment

• Revenue: $35.5 million for the three months ended September 30, 2025, up from $33.7 million in the same period in 2024.
• Gross Profit: $11.2 million, representing 31.5% of segment revenue, up from 29.4% in the prior year.
• Income from Operations: $3.8 million, up from $1.8 million in the prior year.

Products and Systems Segment

• Revenue: $4.0 million for the three months ended September 30, 2025, up from $3.3 million in the same period in 2024.
• Gross Profit: $2.2 million, representing 54.3% of segment revenue, slightly down from 55.0% in the prior year.
• Income from Operations: $1.1 million, up from $0.7 million in the prior year.

Cash Flow

• Operating Cash Flow: $0.8 million for the nine months ended September 30, 2025, a decrease from $24.5 million in the same period in 2024.
• Investing Cash Flow: -$19.0 million, primarily due to increased expenditures for property, plant, and equipment.
• Financing Cash Flow: $26.2 million, compared to -$6.2 million in the prior year, due to higher net borrowings.

Future Outlook and Strategy

• Core Business Focus: The company continues to focus on providing advanced asset protection solutions using proprietary, technology-enabled software and testing instruments. The OneSuite platform remains a key strategic focus, offering integrated software solutions to enhance customer value.
• Non-Core Business: The company is monitoring the impact of tariffs and geopolitical factors on its operations, particularly in the oil and gas sector, which has seen adverse effects due to declining crude oil prices.