Montrose Environmental Group Inc Stock Price, News & Analysis

Montrose Environmental Group (NYSE: MEG) has announced its participation in the upcoming Evercore 17th Annual Industrial Conference. The event is scheduled to take place on Tuesday, March 4, 2025, in New York, New York. Montrose, a company dedicated to environmental protection focusing on air, water, and soil quality, will be among the attendees at this significant industrial sector gathering.

Montrose Environmental Group (NYSE: MEG) reported record financial results for Q4 and full year 2024. Q4 revenue reached $189.1 million, up 14.1% year-over-year, while full-year revenue grew 11.6% to $696.4 million.

The company posted a Q4 net loss of $28.2 million ($0.90 per share), primarily due to a one-time $18.0 million charge related to executive Stock Appreciation Rights cancellation. Q4 Adjusted EBITDA increased 55.8% to $27.2 million.

For 2025, MEG projects revenue between $735.0-785.0 million and Adjusted EBITDA of $101.0-108.0 million, maintaining organic growth expectations of 7-9%. The company's leverage ratio stands at 2.1x, with $296.7 million in liquidity as of December 31, 2024.

Montrose Environmental Group (NYSE: MEG) has appointed Vincent Colman to its Board of Directors and Audit Committee, effective February 19, 2025. Colman brings nearly 40 years of experience from PricewaterhouseCoopers (PwC), where he worked with numerous Fortune 500 companies.

The Board has determined that Colman qualifies as an independent director and audit committee financial expert. His expertise spans leadership development, strategy development, and public company reporting and governance. Colman's background includes serving on several prestigious committees, including the Center for Audit Quality Executive Committee and FASB's Financial Accounting Standards Advisory Council.

The appointment aligns with Montrose's strategy to enhance shareholder value through experienced leadership. Colman holds a B.S. in Accounting from St. John's University, graduating magna cum laude.

Montrose Environmental Group (NYSE: MEG) has announced the schedule for its fourth quarter and full year 2024 financial results release and conference call. The company will release its results on Wednesday, February 26, 2025, after the NYSE trading closes. A conference call to discuss the results and future outlook is scheduled for Thursday, February 27, 2025, at 8:30 a.m. Eastern Time.

Investors can access the live webcast through the Investors section of Montrose's website at www.montrose-env.com. Alternatively, participants can join the call by dialing 1-844-826-3035 (US) or 1-412-317-5195 (International). A replay will be available on the company's website for 30 days following the live call.

Montrose Environmental Group (NYSE: MEG) has announced changes to its participation in the Needham 27th Annual Growth Conference due to wildfires in southern California. The company will now present virtually on Thursday, January 16, 2025, at 8:45 a.m. Eastern Time.

While MEG's operations remain unaffected by the wildfires, the company's leadership team is actively engaging with impacted clients, colleagues, and other stakeholders. Investors can access the live audio webcast through the Investors section of Montrose's website, with a replay available after the event.

Montrose Environmental Group (NYSE: MEG) has announced its participation in the Needham 27th Annual Growth Conference in New York. The company's presentation is scheduled for Tuesday, January 14, 2025, at 9:30 a.m. Eastern Time.

MEG will make their presentation materials available in the Investors section of their website before the conference. Interested parties can access a live audio webcast of the presentation through the company's investor relations website at https://investors.montrose-env.com. For those unable to attend live, a replay of the webcast will be available in the same section after the event.

Pioneer Energy has secured $27 million in DOE funding through four distinct awards. The primary focus is on advancing their Emission Control Treater™ (ECT), a revolutionary zero-emissions well pad production technology that can boost crude yield by 5-10%. Three awards totaling $21 million will support ECT development across different applications, including a $10MM commercial-scale project, a $6MM sour crude processing initiative, and a $5MM marginal wells program.

The ECT technology eliminates routine flaring, removes the need for atmospheric storage tanks, and improves separation efficiency. It features cloud-connected automation for remote monitoring and control, reducing operational costs. The fourth grant, worth $6MM, partners with Emvolon to develop a flare gas to methanol system. All projects will undergo extended field demonstrations, with emissions reduction validation by Colorado School of Mines and Montrose Environmental Group.

Montrose Environmental Group (NYSE: MEG) has been selected to install its PFAS mobile treatment system at Sydney Water's Cascade Water Filtration Plant near Sydney, Australia. The initiative comes after the detection of PFAS compounds (PFOS and PFHxS) in the plant's outlet in June 2024. The multi-million-dollar system will help reduce PFAS levels below the limits proposed in the draft Australian Drinking Water Guidelines, set to be finalized in April 2025.

As Australia's largest water utility, Sydney Water chose Montrose for its expertise in water treatment solutions and PFAS-impacted water treatment in the country. The installation represents a temporary solution while Sydney Water pursues long-term facility upgrades.

Montrose Environmental Group (NYSE: MEG) has announced its participation in the Baird 2024 Global Industrial Conference scheduled for Tuesday, November 12, 2024, in Chicago, IL. The company will make its conference presentation materials available to the public by posting them in the Investors section of its website.