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 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 Group Announces Third Quarter 2022 Results

Montrose Environmental Group Announces Timing of Third Quarter 2022 Results

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 Morgan Stanley 10th Annual Laguna Conference in Dana Point, CA on Thursday, September 15, 2022 at 2:40 p.m. Eastern Time (11:40 a.m. Pacific 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 webcas

Montrose Environmental Group to Present at the Morgan Stanley 10th Annual Laguna Conference

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE:MEG) today released its second Environmental, Social, and Governance (“ESG”) Report. The 2022 ESG report highlights Montrose's priorities, initiatives, and continued dedication to environmental stewardship, social responsibility, and ethical and secure business practices. With a management team focused on the implementation of best practices and an experienced Board providing advice and oversight, Montrose

Montrose Environmental Group Publishes Second Annual ESG Report

LITTLE ROCK, Ark. & ANAHEIM, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of AirKinetics, Inc., a leader in emissions testing services in the Western United States. AirKinetics' leadership team, including founder and president Tony Wong, will join Montrose's Measurement and Analysis segment. The terms of the transaction were not disclosed. AirKinetics has been a leading provider of emissions testing services to industry and

Montrose Environmental Group Acquires AirKinetics, Inc., Expanding Emissions Testing Capabilities in the West

Montrose Environmental Group, Inc. (NYSE:MEG ) Q2 2022 Results Earnings Conference Call August 9, 2022 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 Sabrina Abrams - Bank of America Merrill Lynch Jim Ricchiuti - Needham & Company Operator Ladies and gentlemen, greetings and welcome to the Montrose Environmental Group, Inc. Second Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Montrose Environmental Group, Inc. (MEG) CEO Vijay Manthripragada on Q2 2022 Results - Earnings Call Transcript

Montrose Environmental (MEG) delivered earnings and revenue surprises of 125% and 1.44%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Montrose Environmental (MEG) Beats Q2 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 second quarter ended June 30, 2022. Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “Montrose continues to perform well despite macroeconomic turbulence and the cyberattack in June which temporarily disrupted our business. We maintain our revenue and Consolidated Adjusted EBITDA1 outlook for the year. The inherent

Montrose Environmental Group Announces Second Quarter 2022 Results

LITTLE ROCK, Ark. & NASHVILLE, Tenn.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of TriAD Environmental Consultants, Inc. (“TriAD”), an environmental consulting services firm based in Tennessee with a regional client base throughout the Southeast. TriAD's leadership team, including founders and principals Nancy Sullivan, Mark Hobbs and Dwight Hinch, will join Montrose's Assessment, Permitting & Response (“AP&R”) segment.

Montrose Environmental Group Acquires TriAD Environmental Consultants, Inc.

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 2022 earnings release on Monday, August 8, 2022, 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, 2022 at 8:30 AM EDT to discuss the Company's second quarter financial results. Their

Montrose Environmental Group Announces Timing of Second Quarter 2022 Results

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LITTLE ROCK, Ark.--(BUSINESS WIRE)--Over this past weekend, Montrose Environmental Group, Inc. (NYSE: MEG) determined that it was the target of an organized ransomware attack. Based on information currently available to us, we believe the incident primarily affected computers and servers within our Enthalpy Analytical laboratory network. The fact patterns of this attack, as well as information from law enforcement and independent cybersecurity experts, lead us to believe that this attack has be

Montrose Environmental Group Issues Statement on Ransomware Attack

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 William Blair 42nd Annual Growth Stock Conference in Chicago, IL on Thursday, June 9, 2022 at 3:40 p.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 tim

Montrose Environmental Group to Present at the William Blair 42nd Annual Growth Stock Conference

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 Stifel 2022 Cross Sector Insight Conference in Boston, MA on Wednesday, June 8, 2022 at 4:10 p.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 t

Montrose Environmental Group to Present at the Stifel 2022 Cross Sector Insight Conference

Montrose Environmental Group, Inc. (NYSE:MEG ) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Vijay Manthripragada - President, Chief Executive Officer & Director Rodny Nacier - Investor Relations Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Emily Shu - Bank of America Chris Grenga - Needham Stephanie Yee - JPMorgan Noelle Dilts - Stifel Operator Good day, and welcome to the Montrose Environmental Group, Inc. First Quarter 2022 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Montrose Environmental Group, Inc. (MEG) CEO Vijay Manthripragada on Q1 2022 Results - Earnings Call Transcript

Montrose Environmental (MEG) delivered earnings and revenue surprises of -1,200% and 0.92%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Montrose Environmental (MEG) Reports Q1 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 first quarter ended March 31, 2022. First Quarter 2022 Highlights Total revenue of $134.7 million increased 0.6% compared to total revenue of $133.8 million in the prior year quarter despite an expected decline in CTEH COVID-19-related revenue. The surge in organic revenue growth was primarily driven by Water, Renewable Energy and GHG measuremen

Montrose Environmental Group Announces First Quarter 2022 Results

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its first quarter 2022 earnings release on Monday, May 9, 2022, 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 May 10, 2022 at 8:30 AM EDT to discuss the Company's first quarter financial results. Their prepare

Montrose Environmental Group Announces Timing of First Quarter 2022 Results

Montrose Environmental Group, Inc. (MEG) CEO Vijay Manthripragada on Q4 2021 Results - Earnings Call Transcript

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, 2021. Full Year and Fourth Quarter 2021 Highlights 2021 revenue of $546.4 million increased 66.5% compared to the prior year. Fourth quarter revenue of $143.8 million increased 32.2% compared to the prior year quarter. 2021 organic revenue growth was 37.0% including our CTEH response business and 1

Montrose Environmental Group Announces Fourth Quarter and Full Year 2021 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 Next Week's Release

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 2021 earnings release on Monday, February 28, 2022, 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 March 1, 2022 at 8:30 AM EST to discuss the Company's fourth quarter and full

Montrose Environmental Group Announces Timing of Fourth Quarter and Full Year 2021 Results

Montrose Environmental Group Inc (NYSE: MEG) has acquired environmental consulting firm Environmental Standards, Inc. for undisclosed financial terms. The transaction expands Montrose's integration of chemistry services nationwide.

Montrose Acquires Environmental Standards For Undisclosed Sum

LITTLE ROCK, Ark. & VALLEY FORGE, Pa.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of Environmental Standards, Inc. Environmental Standards' leadership team, including founder and Chief Executive Officer Rock Vitale, CEAC, will join Montrose's Assessment, Permitting & Response segment. Terms of the transaction were not disclosed. Founded in 1987 in Valley Forge, Pa., Environmental Standards is an internationally recognized env

Montrose Environmental Group Acquires Environmental Standards, Inc.

Montrose Environmental Group (MEG) is benefiting from robust organic growth across service lines.

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