Montrose Environmental Group Inc Stock Price, News & Analysis

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.

Montrose Environmental Group (NYSE: MEG) has acquired Environmental Standards, Inc., a recognized environmental consulting firm founded in 1987. This acquisition enhances Montrose's chemistry and auditing services, expanding their capabilities and expertise, particularly in the East Coast markets. Rock Vitale, CEO of Environmental Standards, will join Montrose's team. The transaction is expected to deepen client relationships across various industries, reinforcing Montrose's position in the environmental services sector.

Montrose Environmental Group (NYSE: MEG) will present at the Needham 24th Annual Growth Conference on January 10, 2022, at 3:30 p.m. ET. Attendees can access a live audio webcast through the Investors section of the Company's website. A replay will be available post-event. Montrose, with over 2000 employees in 70 locations, specializes in environmental services, helping organizations tackle current challenges and prepare for future ones.

Montrose Environmental Group, Inc. (NYSE: MEG) will participate in the virtual Capital One Securities 16th Annual Energy Conference happening from December 6-8, 2021. A presentation will be made available on the investor section of Montrose's website ahead of the event. Montrose provides comprehensive environmental services, including air measurement, regulatory compliance, and emergency response, with over 2,000 employees worldwide. Their integrated approach ensures effective solutions for both commercial and government clients.

Clean Energy Fuels Corp. (NASDAQ: CLNE) has commenced construction on a renewable natural gas (RNG) digester at Del Rio Dairy in Friona, Texas. This project, a joint venture with TotalEnergies, aims to produce over 1.1 million gallons of RNG annually by utilizing waste from over 7,500 cows. The RNG produced will be integrated into Clean Energy's nationwide RNG fueling network, contributing to lower greenhouse gas emissions. The completion of this digester aligns with the company’s goal of achieving a carbon intensity of zero by 2025.

Montrose Environmental Group, Inc. (MEG) reported strong third quarter results for 2021, with total revenue of $132.6 million, a 56.5% increase year-over-year. Net income reached $2.2 million, compared to a net loss of $30.7 million in the prior year. Adjusted EBITDA rose 28.6% to $21.5 million with a margin of 16.2%. The company completed two strategic acquisitions and successfully reduced its leverage to 0.8x after a public offering that raised approximately $169.8 million. Montrose has raised its full-year Adjusted EBITDA guidance to $75-$80 million.