Risk factors
Mistras Group (MG) risk factors
Item 1A of every Mistras Group, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors33 risks10 new7 dropped11 reworded
Oil and gas customer concentration remains high at 55% of revenues. Founder Vahaviolos's family controls 33.7% of stock. New risks target AI integration and cybersecurity expansion.
Filed Mar 11, 2026 - FY2024 10-K risk factors30 risks
Oil and gas sector dependency dominates revenues, accounting for 57 percent in 2024. International operations in Canada, Europe, and Brazil generate 31 percent of revenues. Project Phoenix operational transformation aims to improve margins and reduce costs.
Filed Mar 11, 2025