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
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

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MONTROSE ENVIRONMENTAL GROUP TO ATTEND THE BAIRD 2024 GLOBAL INDUSTRIAL CONFERENCE
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
11/11/24 7:00:00 AM ET
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Montrose Environmental Group Reports Record Third Quarter and First Nine Months 2024 Results, Reaffirms Guidance, and Updates Strategic Capital Allocation Priorities
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
11/6/24 4:13:00 PM ET
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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
10/23/24 7:00:00 AM ET
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Montrose Environmental Group Reports Record Third Quarter and First Nine Months 2024 Results, Reaffirms Guidance, and Updates Strategic Capital Allocation Priorities
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
11/6/24 4:13:00 PM ET
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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
10/23/24 7:00:00 AM ET
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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 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
9/10/24 7:00:00 AM ET
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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
7/8/24 7:00:00 AM ET
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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
4/4/23 8:00:00 AM ET
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Montrose Environmental Group Sees FY24 Revenue $690M-$740M Vs $710.01M Est.

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$MEG Press Releases

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MONTROSE ENVIRONMENTAL GROUP TO ATTEND THE BAIRD 2024 GLOBAL INDUSTRIAL CONFERENCE

Montrose Environmental Group Reports Record Third Quarter and First Nine Months 2024 Results, Reaffirms Guidance, and Updates Strategic Capital Allocation Priorities

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

$MEG Analyst Ratings

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

Montrose Environmental Group downgraded by BofA Securities

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

$MEG Financials

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Montrose Environmental Group Reports Record Third Quarter and First Nine Months 2024 Results, Reaffirms Guidance, and Updates Strategic Capital Allocation Priorities

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

Montrose Environmental Group Announces Timing of Second Quarter 2024 Results

$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 Large Ownership Changes

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

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

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

$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 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

Shares of several industrial companies are trading higher amid overall market strength following positive inflation data.

$MEG Leadership Updates

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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

Montrose Environmental Group Appoints John Jackson as Chief Information Officer

$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, Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

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

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