Welcome to our dedicated page for Montrose Environmental Group news (Ticker: MEG), a resource for investors and traders seeking the latest updates and insights on Montrose Environmental Group stock.
News about Montrose Environmental Group, Inc. (NYSE: MEG) centers on its work as an environmental solutions company serving commercial and government clients. Company announcements highlight projects and technologies aimed at protecting air, water and soil while supporting economic development, giving investors and stakeholders insight into how Montrose applies its capabilities across industries and regions.
Montrose’s news flow often covers developments in its three operating segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. Updates include contract renewals and project milestones, such as its long-running laboratory testing support for the U.S. Department of Energy’s Savannah River Site, as well as community-focused efforts helping local governments secure federal grants for brownfields restoration and revitalization.
Technology and innovation are recurring themes. Recent releases describe the patent-pending VeriPlume Capture System™ for measuring methane emissions from high-volume vents, PFAS-focused solutions like SORBIX™ RePURE and SuperLoader™ systems, and industrial VOC abatement technologies. Other news highlights Montrose’s advanced methane leak detection and repair programs, partnerships for satellite-based and independent emissions verification, and its role in preparing chemical manufacturers for regulations such as the HON MACT rule.
Investors can also follow earnings releases, guidance updates and conference appearances, which provide context on demand for Montrose’s services, segment performance and capital structure decisions. This news page aggregates these items so readers can track how Montrose’s environmental projects, regulatory work and financial results evolve over time.
Montrose Environmental Group (MEG) reported a revenue increase to $139.9 million for Q2 2022, marking a 2.7% growth year-over-year. This rise was driven by organic growth in its Measurement and Analysis and Remediation segments, despite a dip in COVID-19-related services. Operating cash flow improved by $18.1 million over the prior year, and adjusted net income reached $5.4 million, or $0.04 per share. The company maintains its 2022 guidance of $520 million to $570 million in revenue and adjusted EBITDA between $68 million to $73 million, reflecting ongoing strong demand for its services.
Montrose Environmental Group (NYSE: MEG) announced the acquisition of TriAD Environmental Consultants, an established environmental consulting firm based in Nashville, Tennessee. This acquisition is aimed at strengthening Montrose's Assessment, Permitting & Response segment. The transaction will integrate TriAD's expertise in environmental regulatory compliance, solid waste permitting, and engineering services, which is expected to enhance Montrose's service offerings across the Southeast. Terms of the deal were not disclosed.
Montrose Environmental Group (NYSE: MEG) will release its second quarter 2022 earnings on August 8, 2022, after market close. A conference call hosted by CEO Vijay Manthripragada and CFO Allan Dicks will follow on August 9, 2022, at 8:30 AM EDT to discuss the results. Interested participants can join by calling 1-877-407-9208 in the U.S. or 1-201-493-6784 internationally. A live webcast will also be available on their website. Montrose specializes in environmental solutions for both commercial and government sectors.
Montrose Environmental Group, Inc. (NYSE: MEG) reported a ransomware attack affecting its Enthalpy Analytical laboratory network. This sophisticated cyber incident prompted immediate suspension of affected systems, notification of law enforcement, and engagement of cybersecurity experts. Restoration efforts are underway, with no significant disruption expected to other services. Although some laboratory results may be delayed, the company's backup data remains intact. Montrose is committed to monitoring its networks closely and apologizes to clients potentially impacted by the attack.
Montrose Environmental Group, Inc. (NYSE: MEG) will present at the William Blair 42nd Annual Growth Stock Conference in Chicago, IL, on June 9, 2022, at 3:40 p.m. ET. An audio webcast of the presentation will be available on their Investors section of the website, with a replay accessible afterward. Montrose provides comprehensive environmental solutions with over 2,700 employees across 80+ global locations, specializing in air measurement, regulatory compliance, and remediation services. For more details, visit www.montrose-env.com.
Montrose Environmental Group, Inc. (NYSE: MEG) will present at the Stifel 2022 Cross Sector Insight Conference in Boston, MA, on June 8, 2022, at 4:10 p.m. Eastern Time. The presentation will be available on the company’s website prior to the event. Live audio webcasting will occur during the presentation, with a replay accessible afterward. Montrose specializes in environmental solutions for commercial and government sectors, employing over 2,700 individuals across more than 80 locations globally. For more details, visit www.montrose-env.com.
Montrose Environmental Group, Inc. (MEG) reported a small revenue increase of 0.6% to $134.7 million for Q1 2022, despite a decline in COVID-19-related revenue. The company achieved a lower net loss of $7.5 million, improving its net loss margin to (5.6)%. Adjusted EBITDA was $16.5 million, with a slight decline in adjusted EBITDA margin to 12.2%. Montrose confirmed its 2022 revenue guidance of $520-$570 million and EBITDA guidance of $73-$78 million, highlighting strong growth in water and renewable energy services.
Montrose Environmental Group, Inc. (NYSE: MEG) will release its first quarter 2022 earnings results on May 9, 2022, after market close. A conference call with CEO Vijay Manthripragada and CFO Allan Dicks is scheduled for May 10, 2022, at 8:30 AM EDT to discuss these results. Investors can join the call by dialing in or via a live webcast available on the Montrose website. An audio replay will also be accessible for 30 days. Montrose is an environmental solutions company with over 2,500 employees in 80 locations, focusing on comprehensive environmental services.
Montrose Environmental Group, Inc. (MEG) reported a record-breaking full year revenue of $546.4 million for 2021, a 66.5% increase from the previous year. Fourth quarter revenue was $143.8 million, up 32.2%. Organic growth was 37.0% for the year. Despite a net loss of $25.3 million in 2021, down from $57.9 million in 2020, the company demonstrated strength in cash flow with $53.2 million after contingent payments. Adjusted EBITDA rose 42.5% to $77.6 million, with a margin of 14.2%. The company maintains a favorable outlook for 2022, projecting revenue between $520.0 million and $570.0 million.
Montrose Environmental Group (NYSE: MEG) will release its fourth quarter and full year 2021 earnings on February 28, 2022, after trading closes. A conference call featuring CEO Vijay Manthripragada and CFO Allan Dicks will be held on March 1, 2022, at 8:30 AM EST, to discuss the financial results and address questions. Participants can join by dialing 1-877-407-9208 or through a live webcast available on the Montrose website. The company specializes in environmental services, supporting clients with innovative solutions across various projects.