Mistras Group Inc 2025年度报告

MISTRAS Group. Inc. Key Financial Highlights Revenues by End Market Historical Revenues Revenue Growth byEnd Market (FY2025 versus FY2024) Oil & GasAerospace & DefenseIndustrialsOther Process IndustriesPower Generation & TransmissionInfrastructure, Research & EngineeringPetrochemicalAll Other-5.3%7.8%12.6%21.1%-19.6%13.2%-15.6%4.7% Shareholder Letter Dear Shareholders, [EWEHIǖRMRK]IEVJSV1-786%7SRIMR[LMGL[IWXVIRKXLIRIHSYVJSYRHEXMSRWLEVTIRIHSYVWXVEXIKMGJSGYWERHHIPMZIVIHQIERMRKJYPǖRERGMEPERHSTIVEXMSREPTVSKVIWW;LMPIGSRWSPMHEXIHVIZIRYIVIQEMRIHWXEFPIEWEVIWYPXSJHIPMFIVEXIEGXMSRWXSI\MXRSRGSVIERHYRHIVTIVJSVQMRKSTIVEXMSRWXLIUYEPMX]SJSYVFYWMRIWWMQTVSZIHWMKRMǖGERXP];IHIPMZIVIHVIGSVHEHNYWXIH)&-8(%I\TERHIHQEVKMRWERHMQTVSZIHSTIVEXMRKTIVJSVQERGIGPIEVMRHMGEXSVWXLEX[IEVIFYMPHMRKEQSVIVIWMPMIRXLMKLIVTIVJSVQMRKIRXIVTVMWI Strategy and Execution: %WXLI]IEVTVSKVIWWIHSYVJSGYWWLMJXIHJVSQWXEFMPM^EXMSRXSEGGIPIVEXIHI\IGYXMSRSJSYV:MWMSR7XVEXIKMG4PER;IWXVIEQPMRIHSTIVEXMSRWI\MXIHRSRGSVIEGXMZMXMIWMQTPIQIRXIHKVIEXIVTVMGMRKVMKSVERHMQTVSZIHFYWMRIWWQM\ERHSTIVEXMSREPIǘGMIRG]8LIWIEGXMSRWHVSZIQIERMRKJYPQEVKMRI\TERWMSRERHVIǗIGXWXVYGXYVEPMQTVSZIQIRXWMRLS[[ISTIVEXI Vision2030 is centered on three core priorities: (YVMRKXLIǖVWXLEPJSJXLI]IEV[IJSGYWIHSRVIMRJSVGMRKXLIJYRHEQIRXEPWSJXLIFYWMRIWWMRGPYHMRKMQTVSZMRKGSWXWXVYGXYVIWXVIEQPMRMRKSTIVEXMSRWERHWXVIRKXLIRMRKWIRMSVPIEHIVWLMT&YMPHMRKSRXLMWJSYRHEXMSR[IMRXVSHYGIHSYV:MWMSR7XVEXIKMG4PERMRXLIWIGSRHUYEVXIVIWXEFPMWLMRKEGPIEVVSEHQETJSVPSRKXIVQKVS[XLERHZEPYIGVIEXMSR • )\TERHMRKSYVWLEVISJ[EPPIXXLVSYKLMRXIKVEXIHHEXEHVMZIRWSPYXMSRW• (MZIVWMJ]MRKEGVSWWLMKLKVS[XLLMKLZEPYIIRHQEVOIXW• (VMZMRKSTIVEXMSREPPIZIVEKIXLVSYKLIǘGMIRG]MRRSZEXMSRERHWGEPI ;IEVIEPVIEH]WIIMRKXLIFIRIǖXWSJXLMWWXVEXIK]7XVSRKIVQEVKMRWMQTVSZIHTIVJSVQERGIMROI]IRHQEVOIXWWYGLEW%IVSWTEGI(IJIRWIERH-RJVEWXVYGXYVIERHGSRXMRYIHKVS[XLMRSYVMRRSZEXMZIHEXEHVMZIRWIVZMGISJJIVMRKWHIQSRWXVEXIMRGVIEWMRKQSQIRXYQEGVSWWXLIFYWMRIWW Financial Highlights of 2025 -R1-786%7KIRIVEXIHQMPPMSRMRGSRWSPMHEXIHVIZIRYI[LMGL[EWWPMKLXP]YT]IEVSZIV]IEVEJXIVXLII\GPYWMSRSJGIVXEMRRSRGSVIPEFSVEXSV]STIVEXMSRWXLEX[IVIZSPYRXEVMP]GIEWIHHYVMRKXLI]IEV2SX[MXLWXERHMRKXLMWXLI'SQTER]HIPMZIVIHQIERMRKJYPTVSǖXEFMPMX]KEMRW[MXLEHNYWXIH)&-8(%MRGVIEWMRKXSEVIGSVHQMPPMSRERHEHNYWXIH)&-8(%QEVKMRI\TERHMRKXSYRHIVWGSVMRKTVSKVIWWMRSTIVEXMRKPIZIVEKIERHGSWXWXVYGXYVI Leadership, Operating Model, andCustomer Impact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ǖGERX]IEVSZIV]IEVMQTVSZIQIRXERHXLILMKLIWXRSR+%%4IEVRMRKWTIVWLEVIMRVIGIRX]IEVW %XXLIGSVISJXLIWIIJJSVXWMWEGSQQMXQIRXXSSYVGYWXSQIVW;IEVITSWMXMSRMRK1-786%7EWEWMRKPIMRXIKVEXIHTEVXRIVGSQFMRMRKI\IGYXMSRI\TIVXMWIERHMRXIPPMKIRGIXSWSPZIGSQTPI\GLEPPIRKIWEGVSWWXLIEWWIXPMJIG]GPI8LMWETTVSEGLIREFPIWHIITIVGYWXSQIVVIPEXMSRWLMTWI\TERHIHWLEVISJ[EPPIXERHHIPMZIV]SJQSVIGSQTVILIRWMZILMKLIVZEPYIWSPYXMSRW 8LVSYKLSYXXLI]IEV[IEPWSVIQEMRIHJSGYWIHSRWXVIRKXLIRMRKSYVFEPERGIWLIIXXLVSYKLMQTVSZIH[SVOMRKGETMXEPIǘGMIRG]ERHHIFXVIHYGXMSRTSWMXMSRMRKXLI'SQTER]JSVWYWXEMRIHPSRKXIVQZEPYIGVIEXMSR Shareholder Letter (cont.) Looking Ahead to 2026 Advancing Data Analytical Solutions andDigital Capabilities %W[IIRXIV[IEVIFYMPHMRKSRXLIJSYRHEXMSRIWXEFPMWLIHMRERHXLIWXVEXIKMGHMVIGXMSRHIǖRIHMR:MWMSR;ITPERXSQEOIXEVKIXIHMRZIWXQIRXWXSI\TERHGETEGMX]TEVXMGYPEVP]MR%IVSWTEGI(IJIRWIEHZERGISYV(EXE%REP]XMGEP7SPYXMSRWGETEFMPMXMIWERHJYVXLIVWXVIRKXLIRSYVKSXSQEVOIXETTVSEGL8LIWIMRZIWXQIRXWEVIEPMKRIH[MXLGPIEVHIQERHWMKREPWERHJSGYWIHSRIRLERGMRKPSRKXIVQIEVRMRKWTS[IV[LMPIQEMRXEMRMRKǖRERGMEPVMKSV 3YV(EXE%REP]XMGEP7SPYXMSRWWIVZMGISJJIVMRKWVITVIWIRXERMQTSVXERXHVMZIVSJJYXYVIKVS[XLWYTTSVXIHF]TVSTVMIXEV]HEXEWGEPEFPITPEXJSVQWERHMRGVIEWMRKGYWXSQIVEHSTXMSR0IZIVEKMRKQSVIXLERX[SHIGEHIWSJMRWTIGXMSRHEXE[IEVIHIPMZIVMRKEGXMSREFPIMRWMKLXWXLEXIRLERGIWEJI