Mistras Group, Inc.MG

Mistras Group, Inc. Earnings Per Share Disclosure

10-KFiled Mar 11, 20262 min read
Earnings (loss) per Share
 
Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted-average number of shares outstanding during the period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the sum of (1) the weighted-average number of shares of common stock outstanding during the period, and (2) the dilutive effect of assumed conversion of equity awards using the treasury stock method. With respect to the number of weighted-average shares outstanding (denominator), diluted shares reflects: (i) the exercise of options to acquire common stock to the extent that the options’ exercise prices are less than the average market price of shares of common stock during the period and (ii) the pro forma vesting of restricted stock units.
 
The following table sets forth the computations of basic and diluted earnings (loss) per share (in thousands):
 For the year ended December 31,
 202520242023
Basic earnings (loss) per share:
Numerator:
Net income (loss) attributable to Mistras Group, Inc.$16,837 $18,958 $(17,453)
Denominator:
Weighted average common shares outstanding31,408 30,926 30,330 
Basic earnings (loss) per share$0.54 $0.61 $(0.58)
Diluted earnings (loss) per share:
Numerator:
Net income (loss) attributable to Mistras Group, Inc.$16,837 $18,958 $(17,453)
Denominator:
Weighted average common shares outstanding31,408 30,926 30,330 
Dilutive effect of stock options outstanding133 106 — 
Dilutive effect of restricted stock units outstanding517 576 — 
 32,058 31,608 30,330 
Diluted earnings (loss) per share$0.53 $0.60 $(0.58)
 
The following potential shares of common stock (in thousands) were excluded from the computation of diluted earnings per share, as the effect would have been anti-dilutive:
 For the year ended December 31,
 202520242023
Potential shares of common stock attributable to restricted stock units (RSUs) and performance stock units (PSUs) outstanding (1)
17 307 547 
Potential shares of common stock attributable to stock options outstanding11 — — 
Total28 307 547 

 (1) For the year ended December 31, 2023, 1,014,527 shares of common stock related to restricted stock and 250,000 stock options were excluded from the calculation of diluted earnings per share due to the net loss for the period.

Historical Timeline

Fiscal YearFiled
2025Mar 11, 2026Showing above
2024Mar 11, 2025
2023Mar 11, 2024
2022Mar 15, 2023
2021Mar 14, 2022
2020Mar 16, 2021
2019Mar 27, 2020
2018Mar 18, 2019
2017Mar 14, 2018
2016Aug 15, 2016

About Earnings Per Share Disclosures

The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.

Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.

Other Available Disclosures

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