NJ TECH CORNER: MISTRAS GROUP, INC.
Company Overview
MISTRAS Group, Inc. (NYSE: MG) is a global provider of technology-enabled asset protection solutions used to evaluate the structural integrity of energy, industrial and public infrastructure. Services and solutions are delivered globally and provide customers with asset life extension, improved productivity and profitability, compliance with safety and environmental regulations, and enhanced risk management operational decisions. The company combines industry-leading products and technologies 24/7 online monitoring of critical assets; mechanical integrity (MI) and non-destructive testing (NDT) services; destructive testing services (DT) and data warehouse and analysis software to provide systems and solutions for a single-source provider. Founded in 1978 under its former name Physical Acoustics Corp., the Princeton Junction-based company has approximately 6,000 employees in approximately 120 offices in 14 countries.
Investment & Financial Information
|
Shares of common stock outstanding (as of March 19, 2018): |
28,301,698 |
|
Share price of stock (as of May 25, 2018) |
$18.93 |
|
Share price of stock (one year ago) |
$20.68 |
|
Current valuation (as of May 25, 2018) |
$535.75 million |
|
Valuation one year ago |
$591.06 million |
|
Stock Symbol: |
NYSE: MG |
|
Revenues (as of Dec. 31, 2017) |
$700.97 million |
|
Revenues (previous year) |
$404.16 million |
|
Net Income (Loss) (as of Dec. 31, 2017) 9999/309/30/162015vvvvmontmonths ended) |
($2.168 million) |
|
Net Income (previous year) |
$14.463 million |
Management Team
|
Name |
Age |
Title |
|
Sotirios J. Vahaviolos |
71 |
Executive Chairman |
|
Dennis Bertolotti |
58 |
President and Chief Executive Officer |
|
Michael C. Keefe |
60 |
Executive Vice President, General Counsel and Secretary |
|
Michael J. Lange |
57 |
Vice Chairman, Senior Vice President of Global Business Development, Marketing and Strategic Planning and Direction |
|
Edward J. Prajzner |
N/A* |
Senior Vice President, Chief Financial Officer, and Treasurer |
|
Jonathan H. Wolk |
56 |
Senior Vice President and Chief Operating Officer |
*Not available
Board of Directors
|
Name |
Age |
Title |
|
Dennis Bertolotti |
58 |
President and Chief Executive Officer |
|
Nicholas DeBenedictis |
72 |
Chairman Emeritus and Retired Chief Executive Officer, Aqua America, Inc.; non-executive Chairman and Director, Exelon Corporation and P.H. Glatfelter Co.; board member of various Pennsylvania-area non-profit, civic and business organizations |
|
James J. Forese |
82 |
Operating Partner and Chief Executive Officer, HCI Equity Partners |
|
Richard H. Glanton |
71 |
Chief Executive Officer and Chairman, Philadelphia Television Network; Managing Member, Elected Face LLC; Director, Aqua America, Inc.; The GEP Group; member of the Board of Trustees, Lincoln University |
|
Michael J. Lange |
57 |
Vice Chairman; Senior Vice President, Strategic Planning and Business Development |
|
Manuel N. Stamatakis |
70 |
President and CEO, Capital Management Enterprises, Inc.; Founding Member, First Financial Resources; Chairman of the Board, Greater Philadelphia Tourism, Philadelphia Shipyard Development Corporation; and Pennsylvania Supreme Court Investment Advisory Board |
|
Sotirios J. Vahaviolos |
71 |
Founder and Executive Chairman; Member of The American Society for Nondestructive Testing; The Acoustic Emission Working Group; the International Committee for Nondestructive Testing; Founder, NDT Academia International |
|
W. Curtis Weldon |
70 |
Former U.S. Representative for the 7th District of Pennsylvania; former Vice Chairman of the Armed Services Committee and Homeland Security Committee , and various other congressional committees; Founder, Jenkins Hill International; member of board of advisors of numerous governmental and business organizations |
