Montrose Environmental Group Inc Stock Price, News & Analysis

Montrose Environmental Group (NYSE: MEG) will release its second quarter 2021 earnings on August 10, 2021, after NYSE trading ends. A conference call will follow on August 11, 2021, at 8:30 AM EDT, where senior management will discuss the financial results and engage in a Q&A session. Participants can join the call by dialing 1-877-407-9208 or through an international line at 1-201-493-6784. A live webcast will be available on the Montrose website, along with a subsequent audio replay for 30 days.

Montrose Environmental Group, Inc. (NYSE: MEG) has renewed a five-year contract with the Australian Department of Defence for water treatment services valued at $43 million (AU$59 million). The contract focuses on PFAS removal at three military bases, including RAAF Base Williamtown, and encompasses potential annual extensions up to five years based on Defence's needs. ECT2, a subsidiary, has treated over 5 billion liters of water, maintaining PFAS levels below health standards while employing 19 local workers. The contract started on July 13, 2021.

Montrose Environmental Group, Inc. (NYSE: MEG) announced its acquisition of Environmental Intelligence, LLC (EI), an environmental consulting firm specializing in wildfire mitigation and regulatory compliance. EI, founded in 1994, offers comprehensive services across various sectors in California. The acquisition aims to enhance Montrose’s EcoServices and renewable energy capabilities in the southwestern U.S., with EI’s team, including founder David Levine, integrating into Montrose's Assessment, Permitting and Response segment. Terms of the deal were not disclosed.

Montrose Environmental Group (NYSE: MEG) has acquired Vista Analytical Laboratory, enhancing its capabilities in testing PFAS and other pollutants. This acquisition sees Vista's leadership, led by President Martha Maier, integrated into Montrose's Measurement and Analysis Segment, under Enthalpy Analytical. Founded in 1990, Vista operates globally, holding 21 state accreditations and catering to a diverse client base, including government agencies. This strategic move aims to strengthen Montrose's end-to-end environmental solutions, especially in PFAS analysis.

Montrose Environmental Group (NYSE: MEG) will participate in several upcoming virtual investor conferences in May and June 2021. These include:

• Needham 16th Annual Virtual Technology & Media Conference on May 17, 2021
• BofA Securities 2021 Virtual Transportation, Airlines, & Industrials Conference on May 19, 2021
• William Blair 41st Annual Growth Stock Conference on June 1, 2021
• Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021

Montrose is a global leader in environmental solutions, offering comprehensive services to both commercial and government sectors.

Montrose Environmental Group (MEG) reported Q1 2021 results, with total revenue of $133.8 million, marking a 119.3% increase year-over-year. The net loss narrowed to $11.6 million from $41.2 million a year earlier, largely due to improved revenues and lower non-cash fair value adjustment expenses. Adjusted EBITDA surged 202.5% to $16.8 million, with a margin improvement to 12.6%. The company acquired MSE Group, enhancing its environmental service offerings to federal agencies. Full-year 2021 Adjusted EBITDA guidance is raised to $63-$70 million, reflecting strong demand.

Montrose Environmental Group (MEG) will release its Q1 2021 earnings on May 12, 2021, after market close. The company will host a conference call at 5:00 PM EST that same day to discuss financial results. Participants can join by dialing 1-877-407-9208 (or 1-201-493-6784 internationally).

A live webcast will be available on Montrose’s investor website, with a replay for 30 days.

Montrose provides environmental solutions globally with over 2,000 employees and 70 locations, focusing on client needs in regulatory compliance, engineering, and remediation.

Montrose Environmental Group (MEG) reported a significant revenue increase for 2020, reaching $328.2 million, up 40.4% year-over-year, with fourth-quarter revenue at $108.7 million, a 60.2% rise. The company, however, faced a net loss of $57.9 million for the year, largely due to non-cash adjustments and IPO expenses. Adjusted EBITDA rose 74.4% to $54.5 million, with a margin improvement to 16.6%. Looking ahead, MEG projects 2021 Adjusted EBITDA between $61 million and $67 million, targeting 20% revenue growth.