Montrose Environmental Group, Inc. operates as an environmental services company in the United States. The company operates in three 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. Its technical advisory and consulting services include regulatory compliance support and planning, environmental, and ecosystem and toxicological assessments and support during responses to environmental disruptions. 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. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as air, storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. It serves oil and gas, utilities, construction, midstream energy, commodities, petrochemical, and tobacco industries, as well as local, state, provincial, and federal government entities. The company was founded in 2012 and is headquartered in Irvine, California.
IPO Year: 2020
Exchange: NYSE
Website: montrose-env.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/8/2024 | $48.00 → $29.00 | Overweight → Neutral | JP Morgan |
| 11/6/2024 | Buy → Neutral | BofA Securities | |
| 8/14/2024 | $43.00 | Outperform | Evercore ISI |
| 2/5/2024 | $36.00 | Buy | Stifel |
| 11/9/2023 | $46.00 → $41.00 | Neutral → Overweight | JP Morgan |
| 3/2/2023 | $39.00 | Overweight → Neutral | JP Morgan |
| 12/12/2022 | Neutral → Buy | BofA Securities | |
| 5/12/2022 | $47.00 | Neutral → Overweight | JP Morgan |
| 3/18/2022 | $55.00 | Neutral | JP Morgan |
| 3/2/2022 | $84.00 → $60.00 | Buy | Needham |
LITTLE ROCK, Ark. and DENVER, Sept. 10, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today announced the acquisition of Origins Laboratory, LLC ("Origins"), a leading environmental laboratory. Origins, including owners Noelle and David Mathis, will be integrated into the Company's Measurement and Analysis Segment and operate as part of Enthalpy Analytical, LLC ("Enthalpy"), a subsidiary of Montrose. Terms of the transaction were not disclosed. Founded in Denver, Colorado
Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today announced the acquisition of Spirit Environmental, LLC., a leading provider of air permitting and compliance services. Spirit's senior leadership team, including Founder and CEO Brad Herrin, will join Montrose's Consulting and Engineering division within the Company's Assessment, Permitting and Response segment. Terms of the transaction were not disclosed. Headquartered in Houston, Texas and focusing on the energy and petrochemical industries across the central U.S., Spirit Environmental specializes in air quality consulting services, including permittin
Montrose Environmental Group, Inc. ("Montrose" or the Company") (NYSE:MEG) today announced the appointment of information technology veteran John Jackson as Chief Information Officer, effective immediately. He will report directly to Montrose President and Chief Executive Officer, Vijay Manthripragada, and join the Company's Executive Leadership team. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230404005725/en/John Jackson, Chief Information Officer of Montrose Environmental Group (Photo: Business Wire) John Jackson (who goes by JJ) has more than 20-years of experience as a CIO and in technology leadership positions for liste
10-Q - Montrose Environmental Group, Inc. (0001643615) (Filer)
8-K - Montrose Environmental Group, Inc. (0001643615) (Filer)
10-Q - Montrose Environmental Group, Inc. (0001643615) (Filer)
8-K - Montrose Environmental Group, Inc. (0001643615) (Filer)
8-K - Montrose Environmental Group, Inc. (0001643615) (Filer)
8-K - Montrose Environmental Group, Inc. (0001643615) (Filer)
10-Q - Montrose Environmental Group, Inc. (0001643615) (Filer)
8-K - Montrose Environmental Group, Inc. (0001643615) (Filer)
DEFA14A - Montrose Environmental Group, Inc. (0001643615) (Filer)
8-K - Montrose Environmental Group, Inc. (0001643615) (Filer)
JP Morgan downgraded Montrose Environmental Group from Overweight to Neutral and set a new price target of $29.00 from $48.00 previously
BofA Securities downgraded Montrose Environmental Group from Buy to Neutral
Evercore ISI initiated coverage of Montrose Environmental Group with a rating of Outperform and set a new price target of $43.00
Stifel resumed coverage of Montrose Environmental Group with a rating of Buy and set a new price target of $36.00
JP Morgan upgraded Montrose Environmental Group from Neutral to Overweight and set a new price target of $41.00 from $46.00 previously
JP Morgan downgraded Montrose Environmental Group from Overweight to Neutral and set a new price target of $39.00
BofA Securities upgraded Montrose Environmental Group from Neutral to Buy
JP Morgan upgraded Montrose Environmental Group from Neutral to Overweight and set a new price target of $47.00
JP Morgan resumed coverage of Montrose Environmental Group with a rating of Neutral and set a new price target of $55.00
Needham reiterated coverage of Montrose Environmental Gr with a rating of Buy and set a new price target of $60.00 from $84.00 previously
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Third Quarter 2024 Highlights (comparisons to third quarter 2023) Highest-ever total revenue of $178.7 million, an increase of $10.8 million, or 6.4%Net loss of $10.6 million, or $0.39 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $19.1 million, or $0.41 Diluted Adjusted Net Income per share1 (Adj EPS)Record Consolidated Adjusted EBITDA1 of $28.3 million, an increase of $5.0 million, or 21.5%Consolidated margin expansionReaffirms full-year 2024 guidance for total revenue of $690 million to $740 million, and Consolidated Adjusted EBITDA1 of $95 million to $100 millionFirst Nine Months 2024 Highlights (comparisons to first nine months 2023) R
Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) announced today the planned dates for its third quarter 2024 results and conference call. On Wednesday, November 6, 2024, after the close of trading on the New York Stock Exchange, Montrose intends to release its third quarter 2024 results. On Thursday, November 7, 2024 at 8:30 a.m. Eastern Time, Montrose plans to host a conference call to discuss the Company's third quarter results and forward outlook. A live webcast of the conference call will be available in the Investors section of the Montrose website at https://investors.montrose-env.com/presentations-and-events/events/default.aspx. Alternatively, pa
Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) announced today that it will issue its second quarter 2024 earnings release on Tuesday, August 6, 2024, 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 7, 2024 at 8:30 AM EDT to discuss the Company's second quarter financial results. Their prepared remarks will be followed by a question and answer session. To participate on the day of the call, dial 1-844-826-3035 or internationally 1-412-317-5195 approximately ten minutes before the call and tell the operator you wis
Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today announced the acquisition of Paragon Soil & Environmental Consulting, Inc., a leading environmental consulting firm in Canada. Paragon's senior leadership team, including President Lee Waterman, will join Montrose's Consulting and Engineering services within the Company's Remediation and Reuse segment. Terms of the transaction were not disclosed. Paragon Soil & Environmental Consulting is a consulting firm that provides services for clients in the oil sands, pipeline, mining and power sectors. Headquartered in Edmonton, Alberta, Paragon's work spans acro
Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) announced today that it will issue its first quarter 2024 earnings release on Tuesday, May 7, 2024, 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 8, 2024 at 8:30 AM EDT to discuss the Company's first quarter financial results. Their prepared remarks will be followed by a question and answer session. To participate on the day of the call, dial 1-888-886-7786 or internationally 1-416-764-8658 approximately ten minutes before the call and tell the operator you wish to joi
Montrose Environmental Group, Inc. ("Montrose") (NYSE:MEG), a premier environmental solutions company, today announced the acquisition of Engineering & Technical Associates, Inc. ("ETA"), a leader in Process Safety Management (PSM). ETA will join Montrose's Assessment, Permitting & Response segment. "We have partnered with ETA on client projects for many years and are excited to formally bring them into the Montrose family. We believe they will be highly additive to Montrose's current Environmental, Health, Safety & Security advisory offerings," said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group. ETA Co-Founders Dan and Lisa Wilczynski comme
- Record Full Year Revenue and Cash Flow from Operations - - Net Loss of $30.9 million; Basic and Diluted Net Loss Per Share of $1.57 - - Significant Increase in Diluted Adjusted Net Income Per Share1 - - Record Full Year Consolidated Adjusted EBITDA1 - - Expansion in Segment Level and Consolidated Adjusted EBITDA1 as Percent of Revenue for Full Year - - Continued Success Consolidating Fragmented Industry with Highly Accretive Acquisitions - - Advanced R&D Initiatives and Expanded IP and Technology Portfolio - - Provides Full Year 2024 Revenue and Consolidated Adjusted EBITDA1 Outlook - Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) today
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 Consulting and Engineering division, which reports into the Company's Remediation and Reuse segment. Terms of the transaction were not disclosed. Two Dot Consulting is a consulting firm providing environmental services vital to meeting regulatory and pl
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 and full year financial results. Their prepared remarks will be followed by a question and answer session. To participate on the day of the call, dial 1-844-826-3035 or internationally 1-412-317-5195 approximately ten minutes before th
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 and Reuse segment. Terms of the transaction were not disclosed. Headquartered in Brisbane, with offices in Sydney, Mudgee, Adelaide and Darwin, Epic Environmental is an environmental science and engineering consultancy, serving clients across Australia. The
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4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
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4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
LITTLE ROCK, Ark., Nov. 11, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) today announced that the Company will attend the Baird 2024 Global Industrial Conference in Chicago, IL on Tuesday, November 12, 2024. In conjunction with 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 solutions company focused on supporting commercial and government organizations as they deal wi
Third Quarter 2024 Highlights (comparisons to third quarter 2023) Highest-ever total revenue of $178.7 million, an increase of $10.8 million, or 6.4%Net loss of $10.6 million, or $0.39 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $19.1 million, or $0.41 Diluted Adjusted Net Income per share1 (Adj EPS)Record Consolidated Adjusted EBITDA1 of $28.3 million, an increase of $5.0 million, or 21.5%Consolidated margin expansionReaffirms full-year 2024 guidance for total revenue of $690 million to $740 million, and Consolidated Adjusted EBITDA1 of $95 million to $100 millionFirst Nine Months 2024 Highlights (comparisons to first nine months 2023) R
Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) announced today the planned dates for its third quarter 2024 results and conference call. On Wednesday, November 6, 2024, after the close of trading on the New York Stock Exchange, Montrose intends to release its third quarter 2024 results. On Thursday, November 7, 2024 at 8:30 a.m. Eastern Time, Montrose plans to host a conference call to discuss the Company's third quarter results and forward outlook. A live webcast of the conference call will be available in the Investors section of the Montrose website at https://investors.montrose-env.com/presentations-and-events/events/default.aspx. Alternatively, pa
LITTLE ROCK, Ark., Oct. 15, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. (together with its subsidiaries, "Montrose" or "the Company") (NYSE:MEG), a leading provider of innovative environmental solutions, announced today that the Company has been selected to receive a contract to provide environmental quality support to the Mobile District, South Atlantic Division, U.S. Army Corps of Engineers (USACE). Mobile District's Environmental Quality Program supports various military, civil and federal agencies including the U.S. Army, U.S. Air Force, U.S. Marine Corps, U.S. Navy, Defense Logistics Agency and other Department of Defense (DOD) components domestically and abroad.
LITTLE ROCK, Ark. , Sept. 24, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today shared insight into its brownfields and community revitalization work with Alaska Native Corporations (ANCs). The Alaska Native Claims Settlement Act (ANCSA) of 1971 included the transfer of 44 million acres of land to twelve regions and over 200 village ANCs. Some of these areas have been contaminated due to past activities like fuel storage, power generation, natural resource extraction, an
LITTLE ROCK, Ark. and DENVER, Sept. 10, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today announced the acquisition of Origins Laboratory, LLC ("Origins"), a leading environmental laboratory. Origins, including owners Noelle and David Mathis, will be integrated into the Company's Measurement and Analysis Segment and operate as part of Enthalpy Analytical, LLC ("Enthalpy"), a subsidiary of Montrose. Terms of the transaction were not disclosed. Founded in Denver, Colorado
Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) today announced that the Company will attend the Jefferies Industrials Conference in New York, NY on Wednesday, September 4, 2024. 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 solutions company focused on supporting commercial and government organizations as they deal with the challenges of today and prepare for what's coming tomorrow. With ~3,400 employees across 100+ locations worldwide, Montrose combines deep local knowledge with an integra
Second Quarter 2024 Highlights (comparisons to second quarter 2023) Highest-ever total revenue of $173.3 million, an increase of $14.2 million, or 8.9% Margin expansion in all three segments Net loss of $10.2 million, or $0.39 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $10.8 million, or $0.20 Diluted Adjusted Net Income per share1 (Adj EPS) Record Consolidated Adjusted EBITDA1 of $23.3 million, an increase of $2.1 million, or 10.0% Reaffirms full-year 2024 guidance for total revenue of $690 million to $740 million, and Consolidated Adjusted EBITDA1 of $95 million to $100 million First Half 2024 Highlights (comparisons
LITTLE ROCK, Ark., July 30, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today shared insight on the use of its Leak Detection Sensor Network (LDSN) solution to enhance real-time emissions monitoring in a U.S. Gulf Coast refinery. The EPA allows for alternative means of emission limitation (AMEL) for nonstandard leak detection monitoring systems through the Clean Air Act. The federal law establishes emission limits from industrial facilities, including petroleum refinerie
LITTLE ROCK, Ark. and TORONTO, July 23, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose") (NYSE:MEG), a high-growth global environmental solutions company, and Waste Connections (NYSE:WCN), today shared insight into the use of Montrose's patented per- and polyfluoroalkyl substances (PFAS) treatment system to address PFAS-impacted landfill leachate at Waste Connections' Champ Landfill. In January 2023, the EPA released Effluent Guidelines Program Plan 15 which announced plans to develop new effluent limitation guidelines and pretreatment standards to reduce t
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
4 - Montrose Environmental Group, Inc. (0001643615) (Issuer)
Needham analyst James Ricchiuti reiterates Montrose Environmental Gr (NYSE:MEG) with a Buy and maintains $54 price target.
Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE:MEG), a high-growth global environmental solutions company, today announced the acquisition of Spirit Environmental, LLC., a leading provider of air permitting and compliance services. Spirit's senior leadership team, including Founder and CEO Brad Herrin, will join Montrose's Consulting and Engineering division within the Company's Assessment, Permitting and Response segment. Terms of the transaction were not disclosed. Headquartered in Houston, Texas and focusing on the energy and petrochemical industries across the central U.S., Spirit Environmental specializes in air quality consulting services, including permitting,
Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Montrose Environmental Gr (NYSE:MEG) in the last three months. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 1 0 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 0 0 0 2M Ago 2 0 0 0 0 3M Ago 2 1 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for Montrose Environmental Gr, presenting an average target of $51.33, a high estimate of $54.00, and a low estimate of $47.
Needham analyst James Ricchiuti reiterates Montrose Environmental Gr (NYSE:MEG) with a Buy and maintains $54 price target.
Gainers iSun (NASDAQ:ISUN) shares increased by 38.2% to $0.18 during Wednesday's regular session. Innodata (NASDAQ:INOD) stock moved upwards by 37.68% to $9.28. The market value of their outstanding shares is at $266.8 million. The company's, Q1 earnings came out yesterday. Hyster-Yale Materials (NYSE:HY) shares increased by 23.85% to $73.1. The company's market cap stands at $1.2 billion. As per the news, the Q1 earnings report came out yesterday. Ryde Group (AMEX:RYDE) shares moved upwards by 21.28% to $7.35. The company's market cap stands at $140.4 million. Ameresco (NYSE:AMRC) shares moved upwards by 19.01% to $26.47. The market value of their outstanding shares is at $1.3 billion.
Montrose Environmental Gr (NYSE:MEG) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $(0.45) by 135.56 percent. This is a 5.88 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $155.325 million which beat the analyst consensus estimate of $152.160 million by 2.08 percent. This is a 18.18 percent increase over sales of $131.428 million the same period last year.
Full Year 2024 OutlookThe Company reiterates its full year 2024 Revenue and Consolidated Adjusted EBITDA1 outlook provided on April 2, 2024. The company expects Revenue to be in the range of $690 million to $740 million. Consolidated Adjusted EBITDA1 is expected to be in the range of $95 million to $100 million for the full year 2024. The midpoints of the ranges incorporate an expectation of low double digit organic revenue growth and continued year-on-year Consolidated Adjusted EBITDA1 margin expansion.Our Revenue and Consolidated Adjusted EBITDA1 outlook does not include any benefit from future acquisitions.
Montrose Environmental Gr (NYSE:MEG) reported quarterly losses of $(0.53) per share which missed the analyst consensus estimate of $(0.45) by 17.78 percent. This is a 2550 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $155.32 million which beat the analyst consensus estimate of $152.16 million by 2.08 percent. This is a 18.18 percent increase over sales of $131.43 million the same period last year.