Release Date: March 06, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Q: Natalia, what feedback have you received from customers about Mistras, and what improvements do they suggest? A: Natalia Shuman-Fabbri, President and CEO, stated that customers are very positive and excited about Mistras' comprehensive offerings, including software analytics, engineering services, testing, and inspection. Customers see significant value in these offerings.
Q: Is the receivable issue from the past fully resolved, or are there still contracts that need repricing? A: Edward Prajzner, CFO, confirmed that the receivable issue is well under control, and they feel confident heading into 2025.
Q: What are your expectations for the upcoming turnaround season compared to last year's strong first half? A: Edward Prajzner, CFO, explained that 2025 is expected to be a normalized year for turnarounds. The spring season will be weaker, while the fall will be more robust, opposite to 2024's pattern.
Q: Can you provide an update on the data analytics segment, particularly regarding delays and growth expectations? A: Natalia Shuman-Fabbri, President and CEO, acknowledged that revenue was down in 2024 due to project timing and implementation delays. However, investments are ongoing, and growth is anticipated in 2025, especially with the PCMS software in demand.
Q: How are tariffs affecting your business, and why is guidance not being provided yet? A: Manuel Stamatakis, Chairman and Interim CEO, mentioned that the impact of tariffs is still being assessed, and guidance will be released once the new CEO, Natalia, has reviewed all business lines. The delay is not solely due to tariffs.
Q: What is happening in the midstream oil and gas business, given the recent declines? A: Natalia Shuman-Fabbri, President and CEO, noted that project delays affected midstream in 2024, but growth is expected in 2025 due to regulatory changes and increased demand for advanced inspection technologies.
Q: Can you elaborate on the data analytics strategy, given the recent sales decline? A: Natalia Shuman-Fabbri, President and CEO, stated that there are no strategic changes. The focus remains on collaborative sales efforts and extending market share beyond the oil and gas industry.
Q: Is the fourth quarter SG&A level sustainable, or were there one-time factors? A: Edward Prajzner, CFO, confirmed that the fourth quarter SG&A level is a good base for future modeling, reflecting disciplined cost control measures.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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