Montrose Environmental Group Sees FY24 Revenue $690M-$740M Vs $710.01M Est.

5/7/24 6:19:52 PM ET

Professional Services

Consumer Discretionary

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Full Year 2024 Outlook

The 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.

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Recent Analyst Ratings for
$MEG

Date	Price Target	Rating	Analyst
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

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Montrose Environmental Group Acquires Origins Laboratory, Strategically Expanding Environmental Testing Operations in Rocky Mountain Region
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
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Montrose Environmental Group Acquires Spirit Environmental, Expanding Air Consulting Capabilities Across the Central United States
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
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Montrose Environmental Group Appoints John Jackson as Chief Information Officer
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
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Montrose Environmental Group Announces Timing of Third Quarter 2024 Results and Conference Call
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
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Montrose Environmental Group Selected for $249 Million U.S. Army Corps of Engineers Environmental Services Contract
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.
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Montrose Environmental Group Supports Transformation of Indigenous Land in Alaska
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
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Montrose Environmental Group Announces Timing of Third Quarter 2024 Results and Conference Call
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
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Montrose Environmental Group Announces Timing of Second Quarter 2024 Results
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
7/23/24 7:00:00 AM ET
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Montrose Environmental Group Acquires Canadian Environmental Consultancy Specializing in Soils, Vegetation and Wetlands Development and Reclamation in Western Canada
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
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Montrose Environmental Group Sees FY24 Revenue $690M-$740M Vs $710.01M Est.

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Recent Analyst Ratings for $MEG

$MEG Leadership Updates

Live Leadership Updates

Montrose Environmental Group Acquires Origins Laboratory, Strategically Expanding Environmental Testing Operations in Rocky Mountain Region

Montrose Environmental Group Acquires Spirit Environmental, Expanding Air Consulting Capabilities Across the Central United States

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$MEG Large Ownership Changes

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SEC Form SC 13G filed by Montrose Environmental Group Inc.

SEC Form SC 13G/A filed by Montrose Environmental Group Inc. (Amendment)

SEC Form SC 13G/A filed by Montrose Environmental Group Inc. (Amendment)

$MEG Press Releases

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Montrose Environmental Group Announces Timing of Third Quarter 2024 Results and Conference Call

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Montrose Environmental Group Supports Transformation of Indigenous Land in Alaska

$MEG Analyst Ratings

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Evercore ISI initiated coverage on Montrose Environmental Group with a new price target

Stifel resumed coverage on Montrose Environmental Group with a new price target

Montrose Environmental Group upgraded by JP Morgan with a new price target

$MEG Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Strategy Officer Revuelta Jose exercised 50,000 shares at a strike of $5.72, increasing direct ownership by 19% to 315,498 units (SEC Form 4)

Dicks Allan exercised 8,332 shares at a strike of $24.00, increasing direct ownership by 3% to 272,456 units (SEC Form 4)

Manthripragada Vijay sold $581,388 worth of shares (12,500 units at $46.51), decreasing direct ownership by 4% to 316,637 units (SEC Form 4)

$MEG Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Dicks Allan bought $51,370 worth of shares (2,000 units at $25.68), increasing direct ownership by 0.76% to 264,124 units (SEC Form 4)

Field Janet Risi bought $12,628 worth of shares (500 units at $25.25), increasing direct ownership by 4% to 14,506 units (SEC Form 4)

$MEG SEC Filings

SEC Form 10-Q filed by Montrose Environmental Group Inc.

Montrose Environmental Group Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Montrose Environmental Group Inc. filed SEC Form 8-K: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year, Financial Statements and Exhibits

$MEG Financials

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Montrose Environmental Group Announces Timing of Third Quarter 2024 Results and Conference Call

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$MEG Market Insights

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Needham Reiterates Buy on Montrose Environmental Gr, Maintains $54 Price Target

Montrose Environmental Group Acquires Air Permitting and Compliance Services Provider Spirit Environmental, Financial Terms Undisclosed

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