Mistras Group Inc. Announces 19.3% Revenue Growth
Key highlights for the quarter included:
"Customer acceptance of our unique and comprehensive asset protection solutions provided us with solid first quarter growth. Our strong services growth was driven by several new multi-year contracts, continued growth in our mechanical integrity services, and acquisitions."
"This revenue growth was offset by decreases in our products and systems and international segments, which together represent approximately 20% of our total revenues. While the economy had a greater impact in these segments, we see considerable proposal activity and have multiple revenue opportunities, especially given our strategy for international expansion and additional market growth created by our development of new technologies and customer solutions," says Chairman and Chief Executive Officer Dr. Sotirios J. Vahaviolos.
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