Mistras Group Inc 2026年季度报告

FORM10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 Or☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission file number 001-34481 Mistras Group,Inc.(Exact name of registrant as specified in its charter) 22-3341267 (I.R.S. EmployerIdentification No.) (609) 716-4000(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.YesNo Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).YesNo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Accelerated filerSmaller reporting company☐Emerging Growth Company☐ Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). As of August5, 2026, the registrant had 31,849,893 shares of common stock outstanding. TABLE OF CONTENTS PART I—FINANCIAL INFORMATIONITEM 1.Financial Statements1Unaudited Condensed Consolidated Balance Sheets as ofJune 30, 2026 andDecember 31, 20251Unaudited Condensed Consolidated Statements of Income(Loss) for the three and six months ended June30, 2026 andJune 30, 20252Unaudited Condensed Consolidated Statements of Comprehensive Income for the three and six monthsended June 30, 2026 andJune 30, 20253Unaudited Condensed Consolidated Statements of Equity for thethree and six months ended June 30,2026 andJune 30, 20254Unaudited Condensed Consolidated Statements of Cash Flows for thesix months ended June 30, 2026 andJune 30, 20255Notes to Unaudited Condensed Consolidated Financial Statements6ITEM 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations25ITEM 3.Quantitative and Qualitative Disclosures about Market Risk35ITEM 4Controls and Procedures35PART II—OTHER INFORMATIONITEM 1.Legal Proceedings36ITEM 1.A.Risk Factors36ITEM 2.Unregistered Sales of Equity Securities and Use of Proceeds36ITEM 3.Defaults Upon Senior Securities36ITEM 4.Mine Safety Disclosures36ITEM 5.Other Information36ITEM 6.Exhibits38SIGNATURES39 PARTI—FINANCIAL INFORMATION Mistras Group,Inc. and SubsidiariesUnaudited Condensed Consolidated Statements of Comprehensive Income(in thousands) The accompanying notes are an integral part of these Unaudited Condensed Consolidated Financial Statements. Mistras Group,Inc. and SubsidiariesUnaudited Condensed Consolidated Statements of Cash Flows(in thousands) Mistras Group, Inc. and SubsidiariesNotes to Unaudited Condensed Consolidated Financial Statements(tabular dollars and shares in thousands, except per share data) 1.Description of Businessand Basis of Presentation Description of Business Mistras Group, Inc., together with its subsidiaries (the "Company"), is a global leader in technology-enabled industrial asset integritysolutions, serving critical industries including oil & gas, aerospace & defense, power & utilities, manufacturing, and civilinfrastructure. The Company provides a diversified portfolio of products and services, ranging from advanced non-destructive testing ("NDT") andpipeline inspections to real-time condition monitoring, maintenance planning, and specialized engineering, powered by a proprietarymanagement software suite that centralizes integrity data for predictive analytics and benchmark analysis. With a long-standing trackrecord of innovation and deep industry expertise, the Company helps clients reduce risk, extend asset life, and optimize operationalperformance. The Company enhances value for its clients by integrating asset protection throughout supply chains and centralizing integrity datathrough a suite of Industrial Internet of Things ("IoT")-connected digital software and monitoring solutions, including One