Mistras Group's Second Quarter Results Show Continued Strong Growth

Mistras Group, Inc. (NYSE:MG), a leading "one source" global provider of
technology-enabled asset protection solutions, today reported financial results
for the fiscal 2012 second quarter ending November 30, 2011. Revenue for the
second quarter was $114.2 million, an increase of 29%, over the $88.8 million
reported in the second quarter of fiscal 2011. Adjusted EBITDA*, a non-GAAP
measure detailed later in this release, increased 29% to $20.6 million in the
second quarter of fiscal 2012 versus $15.9 million in the second quarter of
fiscal 2011. Net income for the second quarter of fiscal 2012 grew by 40% to
$8.0 million, or $0.28 per diluted share, versus $5.7 million, or $0.21 per
diluted share, in the second quarter of fiscal 2011. During the quarter the
Company recorded a $0.3 million pre-tax benefit from acquisition related
activities which increased diluted earnings per share by approximately $0.01.

Consistent with prior quarters, organic growth contributed the bulk of the
revenue gain. In the second quarter of fiscal 2012 the organic growth rate was
19%, followed by acquisition growth of 9% and the balance due to foreign
currency fluctuations. Also consistent with prior quarters, the second quarter
revenue gain was achieved across a broad range of target markets.

Additional Financial Highlights for the Fiscal 2012 second quarter and 6 month
period:

In the first six months of fiscal 2012, revenues grew by 31% to $205.7 million,
adjusted EBITDA grew by 33% to $32.5 million, and net income grew by 54% to
$11.2 million, or $0.39 per diluted share.
Operating income margins rose in both the second quarter and the first six
months of fiscal 2012, increasing to 9.7% of revenues in the first six months of
fiscal 2012, versus 8.6% in the prior year.
SG&A as a percent of revenues declined in both the second quarter and first six
months of fiscal 2012, declining to 18.8% of revenues in the first six months of
fiscal 2012, versus 19.8 % in the prior year.
After the quarter close, the Company replaced its existing revolving credit
facility with a new five-year, $125.0 million facility which matures in December
2016.
Chairman and Chief Executive Officer Dr. Sotirios J. Vahaviolos stated that, "I am
pleased with the momentum of our business in the second quarter, as we
achieved new highs in Revenue, Adjusted EBITDA, Net Income and EPS. Once
again, our 19% organic revenue growth rate was a significant driver behind our
results."

Business Outlook/Guidance for Fiscal Year 2012

The Company's outlook is for continued double digit growth in revenue and
Adjusted EDITDA*. Based on the results of the first six months of fiscal 2012,
the Company is raising its previously issued guidance and now projects its fiscal
2012 revenues to be in the range of $400 million to $415 million, up from the
previous range of $375 million to $390 million, and Adjusted EBITDA* to be in
the range of $64 million to $68 million, up from the previous range of $59
million to $64 million. Mistras does not provide specific guidance for individual
quarters, but will reaffirm or update its annual guidance at least quarterly.

Dr. Vahaviolos concluded, "We are pleased with the positive developments that
we have seen in many of our end markets thus far in the year and we expect
that our unique approach of providing 'One Source Asset Protection Solutions'
to our customers will continue to receive broad acceptance worldwide for the
remainder of this year and beyond."