MG News and Press, Mistras Group Inc From 09/04/23

MUNICH, Germany, Sept. 04, 2023 (GLOBE NEWSWIRE) -- LG Magna e-Powertrain, the Joint Venture (JV) between LG Electronics (LG) and Magna (Magna) formed in 2021, announced at IAA Mobility 2023 that it is expanding its footprint with a new facility in Miskolc, Hungary. The facility will be in M...

Magna has submitted its net-zero targets to the Science Based Targets initiative (SBTi) Near-term target includes 100% renewable electricity use by 2030 Aligns with long-term strategy to enable cleaner and safer mobility for everyone and everything AURORA, Ontario, Aug. 29, 2023 (GL...

2023-08-11 15:00:30 ET Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar ...

PRINCETON JUNCTION, N.J., Aug. 10, 2023 (GLOBE NEWSWIRE) -- MISTRAS Group, Inc. (MG: NYSE) – a leading “one source” multinational provider of technology-enabled asset protection solutions used to maximize the uptime and safety of critical energy, industrial, and public infras...

2023-08-09 06:00:00 ET Summary Horos is an asset management firm that knows the benefits of value investing over the long term. We invest in companies that we consider, after analyzing them, to have a value higher than the price they ask for within the stock market. In our sea...

2023-08-07 03:40:10 ET Mistras Group, Inc. (MG) Q2 2023 Results Earnings Conference Call August 3, 2023, 09:00 AM ET Company Participants Dennis Bertolotti - President and Chief Executive Officer Edward Prajzner - Executive Vice President, Chief Financial Officer and...

Sales increased 17% to $11.0 billion, compared to global light vehicle production increase of 15% Diluted earnings per share were $1.18 Adjusted diluted earnings per share increased 81% to $1.50 Completed the acquisition of Veoneer Active Safety Raised 2023 outlook for Total Sales...

2023-08-02 16:15:59 ET Mistras press release ( NYSE: MG ): Q2 Non-GAAP EPS of $0.05 misses by $0.15 . Revenue of $176M (-1.7% Y/Y) misses by $11.56M . Operating Cash Flow of $13.9 million, and Free Cash Flow of $8.0 million. Revenue for the full year 2023 i...

Strong revenue growth in key markets - Commercial Aerospace and Data Solutions including OnStream Pipeline Selling, General and Administrative expenses reduced by $1.3 million or 3.1% on a quarterly sequential basis Significant Operating Cashflow increase of 134.6% for the fir...

AURORA, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Magna is dedicated to advancing its electric driveline systems and powertrain technologies by prioritizing efficiency, safety, dynamics, and convenience. Demonstrating its commitment to innovation, the company has announced the start of productio...