Mistras Group Inc (MG) Second Quarter Fiscal Year 2015 Earnings Call Transcript

Jonathan H. Wolk, EVP, CFO, and Treasurer, MISTRAS Group, Inc.
Yes, that is right. What I would add to that, Tahira, is that in products, our team has done a very nice job of rationalizing some costs. There is probably a little bit more than we can do, recognizing, as Sotirios just said, that it is not a high growth area for us. It is an area that we can be opportunistic and we can really ensure that we are performing high value added activities with our customers and realizing good margins from it, but also cognizant that we need to maintain a lean cost structure there.

Sotirios J. Vahaviolos, Chairman, President, and CEO, MISTRAS Group, Inc.
Yes, it is also a resource for us for our services. Keep in mind that the products group providessome proprietary products for our services group that are a lot better and are more efficient. That also helps our company.

Tahira Afzal, KeyBanc Capital Markets, Inc.
Got it. Okay. Thank you very much and I will hop back in the queue.

Sotirios J. Vahaviolos, Chairman, President, and CEO, MISTRAS Group, Inc.
Thank you very much, Tahira.

Operator
I am showing no further questions. I will now turn the call back over to Sotirios Vahaviolos, for final remarks.

Sotirios J. Vahaviolos, Chairman, President, and CEO, MISTRAS Group, Inc.
Well, thank you very much. That concludes our prepared remarks and I would like to thank everyone for listening and we wish you a great day. Thank you very much.

Operator
Ladies and gentlemen, that does conclude today’s conference. You may all disconnect and everyone have a great day.