Recently ultrasonic guided waves have shown great potential for nondestructive testing and structural health monitoring (SHM) in a damage evaluation scenario. Measurements utilizing elastic waves are particularly useful due to their capability to propagate in different materials such as solid and fluid bounded media, and, also, the ability to cover broad areas. When enough guided waves measurements are available and advanced data-driven techniques such as machine learning can be applied to the problem, the damage evaluation procedure becomes then even more powerful and robust. Based on these circumstances, the present work deals with the application of machine learning models to provide fault evaluation inferences based on ultrasonic guided waves information. Two main case studies are tackled in the mentioned subject. Firstly, a carbon fiber reinforced polymer (CFRP) plate is assessed using open data of Lamb guided wave signals in the detection of dot type defects. Results demonstrated that a baseline dependent approach can obtain excellent results when using system identification feature extraction. Secondly, corrosion-like defects in an aluminium plate are classified according to their severity. The methodology is assisted by a mode separation scheme of SH guided waves signals of pre-acquired data. Results have shown that the adoption of mode separation can in fact improve the machine learning results.