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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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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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 24th Annual Growth Conference on Monday, January 10, 2022 at 3:30 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 the event and may be

Montrose Environmental Group to Present at the Needham 24th Annual Growth Conference

Montrose Environmental Group went public in September 2020, raising $155 million in a U.S. IPO.

Montrose Environmental Group Sees Growth But Lower Margins

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will attend the Capital One Securities 16th Annual Energy Conference to be held virtually on December 6-8, 2021. 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. About Montrose Montrose is a leading environmental services company focuse

Montrose Environmental Group to Attend Capital One Securities 16th Annual Energy Conference

Montrose Environmental Group, Inc. (MEG) CEO Vijay Manthripragada on Q3 2021 Results - Earnings Call Transcript

Montrose Environmental (MEG) delivered earnings and revenue surprises of -42.86% and 10.20%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Montrose Environmental (MEG) Lags Q3 Earnings Estimates

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, 2021. Third Quarter 2021 Highlights Total revenue of $132.6 million increased 56.5% compared to the prior year quarter. Net income of $2.2 million compared to a net loss of $30.7 million in the prior year quarter, largely due to higher revenues and fair value adjustment charges in the prior year. Adjusted EBITDA

Montrose Environmental Group Announces Third Quarter 2021 Results

Montrose Environmental Group Inc (NYSE: MEG) acquires Horizon Water and Environment, LLC for undisclosed financial terms. Oakland, California-based Horizon performs various environmental consulting services for state and local government organizations.

Montrose Acquires Environmental Consulting Firm Horizon For Undisclosed Sum

LITTLE ROCK, Ark. & OAKLAND, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of Horizon Water and Environment, LLC (“Horizon”), an environmental consulting firm specializing in planning, watershed science, and environmental compliance for water and natural resource projects in California. Horizon's leadership team, including founder and Managing Principal Kenneth Schwarz, Ph.D. will join Montrose's Planning & Ecosystem Con

Montrose Environmental Group Acquires Horizon Water and Environment, LLC

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its third quarter 2021 earnings release on Tuesday, November 9, 2021, after the close of trading on the New York Stock Exchange. You are invited to participate in the Company's conference call hosted by senior management on November 10, 2021 at 8:30 AM EST to discuss the Company's third quarter financial results. Their prepared remarks will be f

Montrose Environmental Group Announces Timing of Third Quarter 2021 Results

LITTLE ROCK, Ark. & HOUSTON--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of Environmental Chemistry, Inc. (“ECI”), a full-service environmental laboratory serving the Texas and Louisiana gulf coast region. ECI's leadership team, including CEO Deanna Jean Zeck and President Nan Thorney, will join Montrose, and the business will be integrated into the Company's Measurement and Analysis Segment and will operate as part of Enthalpy An

Montrose Environmental Group Acquires Environmental Chemistry, Inc.

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) announced today the pricing of the previously announced underwritten public offering by the Company of 2,500,000 shares of its common stock at a price of $62.00 per share (before underwriting discounts and commissions). The offering was upsized from the previously announced 1,750,000 shares. The Company has also granted the underwriters a 30-day option to purchase up to an additional

Montrose Environmental Group Announces Pricing of Upsized Public Offering

Montrose Environmental Group, Inc. (MEG) CEO Vijay Manthripragada on Q2 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 second quarter ended June 30, 2021. Second Quarter 2021 Highlights Total revenue of $136.2 million increased 84.7% compared to the prior year quarter. Net loss of $14.5 million compared to a net income of $13.2 million in the prior year quarter due to non-cash fair value adjustment expenses and non-cash deferred debt issuance write-off following

Montrose Environmental Group Announces Second Quarter 2021 Results

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LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose”) (NYSE:MEG) recently released its inaugural Environmental, Social, Governance (“ESG”) Report. “At Montrose, ESG excellence has been and remains core to how we operate and frame our decisions, because the environment is our business,” said Vijay Manthripragada, President, Chief Executive Officer, and Executive Director. “We are proud of our ESG accomplishments to-date and are excited to share them w

Montrose Environmental Group Publishes Inaugural ESG Report

Montrose Environmental Group Inc (NYSE: MEG) has acquired SensibleIoT, LLC, an IoT and software platform that interfaces with multiple air, water, and soil data sources to provide an integrated environmental solution with advanced data analytics capabilities. The financial terms were not disclosed.

Montrose Environmental Acquires Software Company SensibleIoT For Undisclosed Sum

LITTLE ROCK, Ark. & PASO ROBLES, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the acquisition of SensibleIoT, LLC (“Sensible”), an IoT (“Internet of Things”) and software platform that interfaces with multiple air, water and soil data sources to provide an integrated environmental solution with advanced data analytics capabilities. Terms of the transaction were not disclosed. Founded in 2018 by Charles Beach, Sensible has helped private an

Montrose Environmental Group Acquires Software Company Specializing in the Quantifying, Reporting and Visualizing of Environmental Data

LITTLE ROCK, Ark.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (“Montrose”) (NYSE: MEG) today announced the relocation of its principal executive office from Irvine, California to North Little Rock, Arkansas. The relocation is effective today. “Montrose continues to invest in and grow in all our key markets, including both California and Arkansas. We remain fully committed to our teams, clients and communities in both states. Our Board of Directors and management team are grateful for t

Montrose Environmental Group Announces Relocation of Principal Executive Offices to Little Rock, Arkansas

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.

Analysts Estimate Montrose Environmental (MEG) to Report a Decline in Earnings: What to Look Out for

IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its second quarter 2021 earnings release on Tuesday, August 10, 2021, after the close of trading on the New York Stock Exchange. You are invited to participate in the Company's conference call hosted by senior management on August 11, 2021 at 8:30 AM EDT to discuss the Company's second quarter financial results. Their prepared remarks will be fo

Montrose Environmental Group Announces Timing of Second Quarter 2021 Results

Montrose Environmental Group Inc (NYSE: MEG) subsidiary Emerging Compounds Treatment Technologies ('ECT2') has renewed its contract for five years with the Australian Department of Defense to operate and maintain water treatment systems at three of the country's military bases.  The contract is valued at $43 million (AU$59 million GST inclusive) with an initial term of five years and provides for an additional five extensions each for one year in duration.

Montrose Environmental Subsidiary Bags Five-Year Contract Renewal For $43M

IRVINE, Calif. & CANBERRA, Australia--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (NYSE: MEG) today announced that its subsidiary, Emerging Compounds Treatment Technologies, Inc. (“ECT2”), has renewed its contract for five years with the Australian Department of Defence [“Defence”] to operate and maintain water treatment systems at three of the country's military bases. The $US43 million (AU$59 million GST inclusive) contract carries an initial term of five years and provides for an add

Montrose Environmental Group's ECT2 Subsidiary Announces Five-Year Contract Renewal with Australian Department of Defence

IRVINE, Calif. & LAGUNA BEACH, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) today announced the acquisition of Environmental Intelligence, LLC (“EI”), an environmental consulting company recognized for its innovative work in wildfire mitigation, biological assessments, construction monitoring and regulatory compliance services. EI provides comprehensive environmental services in support of major capital improvement projects, including res

Montrose Environmental Group Acquires Environmental Intelligence, LLC

IRVINE, Calif. & EL DORADO HILLS, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the “Company” or “Montrose”) (NYSE: MEG) today announced the acquisition of Vista Analytical Laboratory (“Vista”), a premier environmental laboratory for the testing and analysis of polyfluoroalkyl substances (PFAS), dioxins and other persistent organic pollutants. Vista's leadership team, including President Martha Maier, will join Montrose, and the business will be integrated into the Company's Meas

Montrose Environmental Group Acquires Vista Analytical Laboratory

Montrose Environmental Group, Inc. (MEG) CEO Vijay Manthripragada on Q1 2021 Results - Earnings Call Transcript

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