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 |
|---|---|---|---|
| 4/4/2025 | $39.00 → $28.00 | Buy | Needham |
| 12/19/2024 | $44.00 → $39.00 | Buy | Needham |
| 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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SCHEDULE 13G - Montrose Environmental Group, Inc. (0001643615) (Subject)
Project supports rapidly growing global steel demand with scalable, sustainable solutions SYDNEY, April 23, 2025 /PRNewswire/ -- Montrose Environmental Group (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us to enhance environmental stewardship while supporting economic development. The company has been awarded a $4 million AUD contract to deliver comprehensive environmental services for a major mining operation in Australia's Bowen Basin—a key hub for metallurgical coal used in steel production. This project reflects Montrose's growing footprint in Australia, where Montrose's operations support local and regional industries in thei
LITTLE ROCK, Ark., April 22, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. The Company announced today the planned dates for its first quarter 2025 results and conference call. On Wednesday, May 7, 2025, after the close of trading on the New York Stock Exchange, Montrose intends to release its first quarter 2025 results. On Thursday, May 8, 2025, at 8
LITTLE ROCK, Ark., April 14, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company", "Montrose" or "MEG") (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. In response to rising global demand for energy and continued expectations around environmental stewardship, Montrose Environmental Group has been selected by a public multinational energy company to support their emissions monitoring needs. Montrose will deploy across multiple operating basins in three U.S. states. Valued at over $3 million in awarded work for 2025, the project underscores su
LITTLE ROCK, Ark., April 9, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company", "Montrose" or "MEG") (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. The Company is providing an interim update to highlight continued strong business performance and affirm 2025 revenue, consolidated adjusted EBITDA, organic growth, and environmental response guidance. The current and expected demand for the Company's environmental solutions rem
Recognized for Top Product Business & Infrastructure and three Top Project Environmental Impact LITTLE ROCK, Ark., April 2, 2025 /PRNewswire/ -- Montrose Environmental Group (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us. The company recently earned four wins in the prestigious E+E Leader Product & Project Awards for: Top Project Environmental Impact: Achieving 100% Compliance with Real-Time Emission Tracking for Phillips 66Top Project Environmental Impact: Montrose Environmental Group Deploys State-of-the-Art Lea
Client delivery excellence and industry-leading capabilities support record revenue for Montrose Measurement & Analysis segment LITTLE ROCK, Ark., March 4, 2025 /PRNewswire/ -- Montrose Environmental Group (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us. Rooted in the belief that industrial progress and environmental stewardship do not have to be at odds, Montrose empowers companies with reliable, data-informed decisions that enable real-world impact. Strong client partnerships combined with best-in-class, quick turnaround analytical results helped propel 13.8% year-over-year growth in the company's Measurement & Analysis segment.
Montrose to support environmental restoration and planning work at Air Force installations worldwide over the next 10 years LITTLE ROCK, Ark., March 3, 2025 /PRNewswire/ -- Montrose Environmental Group (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us. The company has been selected as one of the top environmental firms by the United States Air Force for the Multiple Award Task Order Contract (MATOC). Under this contract, Montrose, in partnership with Tanaq Environmental—an Alaska Native Corporation and small, disadvantaged business—will work on various projects at Air Force installations worldwide over the next decade. The $1.5 bill
LITTLE ROCK, Ark., Feb. 28, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG), a company on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, today announced that it will attend the Evercore 17th Annual Industrial Conference in New York, New York on Tuesday, March 4, 2025. 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
Fourth Quarter 2024 Highlights (comparisons to fourth quarter 2023) Highest-ever quarterly revenue of $189.1 million, an increase of $21.3 million, or 14.1%Net loss of $28.2 million, or $0.90 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $14.7 million, or $0.29 Diluted Adjusted Net Income per share1 (Adj EPS)Record fourth quarter Consolidated Adjusted EBITDA1 of $27.2 million, an increase of $9.8 million, or 55.8%Expansion in Consolidated Adjusted EBITDA1 as a percentage of revenue to 14.4%Full Year 2024 Highlights (comparisons to full year 2023) Record total revenue of $696.4 million, an increase of $72.2 million, or 11.6% over the prior y
LITTLE ROCK, Ark., Feb. 20, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (NYSE:MEG), a global environmental solutions company, announced the appointment of Mr. Vincent Colman to its Board of Directors and Audit Committee effective February 19, 2025. "The addition of Mr. Colman to our Board reflects our commitment to adding leaders in their respective fields who can help the company drive long-term value for our shareholders," said Vijay Manthripragada, President and CEO, Montrose Environmental Group. "His depth of expertise in leadership development, strategy dev
Needham reiterated coverage of Montrose Environmental Group with a rating of Buy and set a new price target of $28.00 from $39.00 previously
Needham reiterated coverage of Montrose Environmental Group with a rating of Buy and set a new price target of $39.00 from $44.00 previously
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
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)
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)
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., April 22, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds us, and aims to enhance environmental stewardship and economic development. The Company announced today the planned dates for its first quarter 2025 results and conference call. On Wednesday, May 7, 2025, after the close of trading on the New York Stock Exchange, Montrose intends to release its first quarter 2025 results. On Thursday, May 8, 2025, at 8
LITTLE ROCK, Ark., Feb. 13, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE:MEG) announced today the planned dates for its fourth-quarter and full-year 2024 results and conference call. On Wednesday, February 26, 2025, after the close of trading on the New York Stock Exchange, Montrose intends to release its fourth-quarter and full-year 2024 results. On Thursday, February 27, 2025, at 8:30 a.m. Eastern Time, Montrose plans to host a conference call to discuss the Company's fourth-quarter and full-year 2024 results and forward
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
LITTLE ROCK, Ark., Feb. 20, 2025 /PRNewswire/ -- Montrose Environmental Group, Inc. (NYSE:MEG), a global environmental solutions company, announced the appointment of Mr. Vincent Colman to its Board of Directors and Audit Committee effective February 19, 2025. "The addition of Mr. Colman to our Board reflects our commitment to adding leaders in their respective fields who can help the company drive long-term value for our shareholders," said Vijay Manthripragada, President and CEO, Montrose Environmental Group. "His depth of expertise in leadership development, strategy dev
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