Mistras Group (MG) Q2 FY26 earnings call

Mistras Group delivered a strong second quarter, marked by record adjusted EBITDA and continued revenue growth, driven by its diversification strategy into higher-margin end markets like Aerospace & Defense, Infrastructure, and Power. While Oil & Gas faced headwinds from exited programs and deferred activities, the company's strategic focus on operational efficiencies and high-value engagements is translating into improved profitability and cash flow. Management raised full-year guidance, reflecting confidence in sustained growth in strategic markets and ongoing execution of its Vision2030 tra