Montrose Environmental Group, Inc.

Montrose Environmental Group, Inc. is an environmental services company, which engages in the provision of air measurement and environmental laboratory services. The firm operates through following segments: Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response and recovery, toxicology consulting and environmental audits and permits for current operations, facility upgrades, new projects, decommissioning projects, and development projects. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants as well as the toxicological impact of contaminants on flora, fauna, and human health. The Remediation and Reuse segment provides clients with engineering, design, implementation and operations and maintenance services, primarily to treat contaminated water, remove contaminants from soil or create biogas from waste. The company was founded in 2012 is headquartered in North Little Rock, AR.

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Montrose Environmental Group excels in 2022, eyes growth opportunities

MEG's strong performance in 2022, driven by organic growth and client relationships, positions them well for future success.
Challenges include the transition of CTEH's revenue focus and potential economic impacts on acquisition strategy.
Opportunities lie in strategic acquisitions, synergies between Montrose and CTEH, and continued growth in key service areas.

Montrose Environmental Group, Inc. reports strong Q1 performance and eyes growth opportunities in greenhouse gas management

Montrose Environmental Group, Inc. delivered a strong Q1 2023 performance with solid revenue growth, margin improvements, and strategic acquisitions, supported by regulatory tailwinds.
The company's focus on operational efficiency, financial stability, and market adaptability underscores its resilience and growth potential in a dynamic business environment.
Despite facing challenges in maintaining margins and navigating market uncertainties, Montrose Environmental Group, Inc. remains well-positioned to capitalize on growth opportunities and drive long-term value creation.
With a strong balance sheet, diversified service offerings, and a focus on sustainability, the company is poised to leverage market opportunities and drive continued success in the future.

Montrose Environmental Group reports robust Q2 earnings and growth opportunities

Montrose Environmental Group, Inc. demonstrates strong performance with revenue of $159.1 million and adjusted EBITDA of $21.2 million, driven by organic growth and strategic acquisitions.
The company's focus on regulatory adaptability, technological advancements, and revenue synergies positions it for sustained growth in environmental services.
Challenges in managing SG&A costs and maintaining emergency response margins require strategic cost management and operational efficiency.
Opportunities lie in expanding market presence, leveraging expertise, and innovating in software for environmental data measurement and analysis.

Montrose Environmental Group reports strong Q3 performance and bullish outlook

MEG's Q3 2023 earnings call highlighted robust financial performance, strategic growth initiatives, and a positive outlook for the company's future trajectory.
Strong revenue growth, improved adjusted EBITDA margins, and a focus on regulatory opportunities position MEG well in the environmental services sector.
Challenges lie in managing margin expectations, integration complexities, and navigating regulatory impacts, while opportunities exist in expanding market presence and driving innovation.
Overall, MEG's performance underscores its resilience, financial stability, and potential for sustained growth in a competitive and evolving industry landscape.

Montrose Environmental Group reports record 2023 performance and projects strong 2024 growth

MEG's strong 2023 performance was driven by record revenue, adjusted EBITDA growth, and regulatory tailwinds, with a positive outlook for 2024.
Despite challenges in certain segments and tough comparables in Q1, MEG's focus on advisory services, acquisitions, and cash flow conversion positions it well for growth.
Opportunities lie in continued expansion of advisory services, regulatory trends, acquisitions, and maintaining strong cash flow conversion rates.
Overall, MEG's strategic focus on growth, innovation, and financial performance sets a promising trajectory for the upcoming year.

Montrose Environmental Group reports robust Q1 performance and growth outlook

Montrose Environmental Group (MEG) showcased strong financial performance and strategic positioning in Q1 2024.
While facing industry challenges and uncertainties, the company's focus on growth opportunities and operational efficiency bodes well for the future.
With a solid foundation, diverse service offerings, and a positive outlook, Montrose is poised for continued success and expansion in 2024.
The company's adaptability, focus on high-margin services, and anticipation of revenue growth highlight a promising trajectory for investors.

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Montrose Environmental (MEG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.50 per share a year ago.

Montrose Environmental (MEG) Beats Q4 Earnings and Revenue Estimates

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the fourth quarter and full year ended December 31, 2023. Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “Our record full year results reflect continued strength across our business. Demand for our unique, integrated solutions remains at all-time highs given another year of exceptional customer revenue retention2 at.

Montrose Environmental Group Announces Fourth Quarter and Full Year 2023 Results

LITTLE ROCK, Ark. & ARVADA, Colo.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Two Dot Consulting, LLC, a leading environmental consultancy specializing in regulatory services to the oil and gas, and renewables sectors in the Rocky Mountain and adjacent regions. Two Dot's senior leadership team, including founder and CEO Todd Spivey, will join Montrose's Co.

Montrose Environmental Group Acquires Environmental Consultancy Specializing in Regulatory Services in Rocky Mountain Region

Evaluate the expected performance of Montrose Environmental (MEG) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

Countdown to Montrose Environmental (MEG) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its fourth quarter and full year 2023 earnings release on Thursday, February 29, 2024, before the start of trading on the New York Stock Exchange. You are invited to participate in the Company's conference call hosted by CEO Vijay Manthripragada and CFO Allan Dicks on February 29, 2024 at 8:30 AM EST to discuss the Company's fourth quarter an.

Montrose Environmental Group Announces Timing of Fourth Quarter and Full Year 2023 Results

Montrose Environmental (MEG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Montrose Environmental (MEG) Earnings Expected to Grow: What to Know Ahead of Q4 Release

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG), today announced that it has upsized its Senior Secured Credit Agreement (“Credit Facility”) to $400 million. The additional $100 million of availability includes a $50 million increase in the revolving credit facility to $175 million and a $50 million increase to the term loan. The Credit Facility will be available for working capital needs, growth initiatives and general cor.

Montrose Environmental Group Upsizes Credit Facility to $400 Million

LITTLE ROCK, Ark. & BRISBANE, Australia--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental services company, today announced the acquisition of Epic Environmental Pty Ltd, a leading environmental consultancy in Australia. Epic Environmental's senior leadership team, including founders Mark Breitfuss and Brad May, will join Montrose's Consulting and Engineering division, which reports into the Company's Remediation a.

Montrose Environmental Group Acquires Epic Environmental, Expanding Consultative and Engineering Services in Australia

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the Needham 26th Annual Growth Conference in New York, NY on Thursday, January 18, 2024 at 8:45 a.m. Eastern Time. Prior to Montrose's attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website. A live audio webcast will be available at the time of th.

Montrose Environmental Group to Present at the Needham 26th Annual Growth Conference

Montrose Environmental Group, Inc. (NYSE:MEG ) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President and Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Jim Ricchiuti - Needham & Company David Ridley-Lane - Bank of America Wade Suki - Capital One Stephanie Yee - JP Morgan Operator Good morning and welcome to the Montrose Environmental Group, Inc. Third Quarter 2023 Earnings Call. All participants will be in a listen-only mode.

Montrose Environmental Group, Inc. (MEG) Q3 2023 Earnings Call Transcript

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the third quarter ended September 30, 2023. Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “We are proud to report another quarter of exceptional results. The surge in organic growth across many of our service lines and the contribution from the Matrix acquisition in Canada helped drive record levels of quarterly rev.

Montrose Environmental Group Announces Strong Third Quarter 2023 Results

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its third quarter 2023 earnings release on Tuesday, November 7, 2023, after the close of trading on the New York Stock Exchange. You are invited to participate in the Company's conference call hosted by CEO Vijay Manthripragada and CFO Allan Dicks on November 8, 2023 at 8:30 AM EST to discuss the Company's third quarter financial results. The.

Montrose Environmental Group Announces Timing of Third Quarter 2023 Results

Kuva Systems, the leading Industrial IoT methane emission detection platform and Montrose Sensible EDP, a leader in revolutionizing the way environmental data is managed and monitored have collaborated to provide a comprehensive suite of environmental dat

Montrose Environmental Group, Inc. (NYSE:MEG ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President, Chief Executive Officer & Director Allan Dicks - Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham & Company Sam Kusswurm - William Blair Andrew Obin - Bank of America Stephanie Yee - JPMorgan Wade Suki - Capital One Operator Good day, and welcome to the Montrose Environmental Group, Inc. Second Quarter 2023 Earnings Conference Call. Today, all participants will be in a listen-only mode.

Montrose Environmental Group, Inc. (MEG) Q2 2023 Earnings Call Transcript

The headline numbers for Montrose Environmental (MEG) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Montrose Environmental (MEG) Reports Q2 Earnings: What Key Metrics Have to Say

Montrose Environmental (MEG) came out with a quarterly loss of $0.38 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to earnings of $0.03 per share a year ago.

Montrose Environmental (MEG) Reports Q2 Loss, Tops Revenue Estimates

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2023. Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “We are thrilled to report strong second quarter performance, building on our first quarter momentum and marking a stellar first half of this year. Second quarter Revenue and Consolidated Adjusted EBITDA1 both saw strong sequential.

Montrose Environmental Group Announces Second Quarter 2023 Results

LITTLE ROCK, Ark. & DENMARK--(BUSINESS WIRE)--Montrose Environmental Group, Inc. ("Montrose" or the "Company") (NYSE: MEG) today announced the acquisition of Vandrensning, experts in water treatment specializing in treating landfill leachate for PFAS and heavy metals in Scandinavia. Founded and headquartered in Denmark, the Vandrensning team will be integrated into Montrose's ECT2 division, a global leader in cutting-edge solutions that mitigate the impact of emerging contaminants in air and wa.

Montrose Environmental Group Acquires Expertise in Water Treatment and PFAS Removal in Scandinavia

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose” or the “Company”) (NYSE: MEG), a leading environmental services company, today released its 2022 Sustainability Report showcasing the advancements undertaken to contribute to a more sustainable future. The One Montrose: 2022 Sustainability Report highlights several milestones that the Company achieved, related both to progressing the overall sustainability strategy and increasing the scope of disclosures. These m.

Montrose Environmental Group Releases 2022 Sustainability Report with Expanded Disclosures

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its second quarter 2023 earnings release on Tuesday, August 8, 2023, after the close of trading on the New York Stock Exchange. You are invited to participate in the Company's conference call hosted by CEO Vijay Manthripragada and CFO Allan Dicks on August 9, 2023 at 8:30 AM EDT to discuss the Company's second quarter financial results. Their.

Montrose Environmental Group Announces Timing of Second Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--ICR, a leading strategic communications and advisory firm, is pleased to announce that Vijay Manthripragada, President and Chief Executive Officer, Montrose Environmental Group, Inc. (NYSE: MEG), a leading global environmental services company, recently appeared on Episode 83 of ICR's “Welcome to the Arena” podcast. Welcome to the Arena is hosted by Tom Ryan, Co-Founder & CEO of ICR. Tom spoke with Vijay about his journey from finance to the environment, the compa.

ICR Hosts Montrose Environmental Group CEO Vijay Manthripragada on the Welcome to the Arena Podcast

I reiterate a buy rating for MEG given its raised guidance and M&A activity traction. The company has increased its FY23 adjusted EBITDA guidance and closed two significant deals, GreenPath Energy and Matrix Solutions, which are expected to drive further growth. MEG's improved EBITDA outlook should lead to a reversion to historical valuation of 22x forward EBITDA.

Montrose Environmental: M&A Activities Picking Up, May Drive Growth

LITTLE ROCK, Ark. & CALGARY, Alberta--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced it has completed its acquisition of Matrix Solutions Inc. (“Matrix”) pursuant to the previously announced plan of arrangement, having received the required support of Matrix shareholders and approval from the Court of King's Bench of Alberta. Matrix is one of Canada's leading environmental and engineering consulting companies. Blake, Cassels & Graydon LLP acted.

Montrose Environmental Group Closes Acquisition of Matrix Solutions Inc. in Canada

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG), a leading environmental services company, today announced a global collaboration with Thermo Fisher Scientific Inc. (“Thermo Fisher”), the world leader in serving science, to provide a comprehensive real-time ethylene oxide (EtO) monitoring solution that meets recently released U.S. Environmental Protection Agency (EPA) regulations. Ethylene oxide is a carcinogenic and mutagenic compound commonly us.

Montrose Environmental Group to Address EPA Regulations Guidelines on Ethylene Oxide (EtO) Through A Global Collaboration

Montrose Environmental Group, Inc. (NYSE:MEG ) Q1 2023 Earnings Conference Call May 9, 2023 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President, Chief Executive Officer & Director Allan Dicks - Chief Financial Officer Conference Call Participants Samuel Kusswurm - William Blair & Company Christopher Grenga - Needham & Company David Ridley-Lane - Bank of America Merrill Lynch Wade Suki - Capital One Operator Hello and welcome to the Montrose Environmental Group, Inc. First Quarter 2023 Earnings Call. [Operator Instructions] Please note, today's event is being recorded.

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