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.
Montrose Environmental Group Inc (NYSE: MEG) provides essential environmental solutions through its three core service segments: consulting assessments, analytical testing, and remediation engineering. This news hub delivers timely updates on regulatory developments, project milestones, and corporate initiatives impacting the environmental services sector.
Investors and industry professionals will find curated press releases covering earnings announcements, strategic acquisitions, and technological innovations. Our collection features updates on PFAS remediation advancements, air quality compliance programs, and government contract awards that demonstrate MEG's market leadership.
The page organizes news into key categories including quarterly financial results, environmental policy changes, and major remediation project updates. Each entry provides direct access to primary sources while maintaining neutral analysis appropriate for both institutional investors and sustainability-focused stakeholders.
Bookmark this resource for structured updates on MEG's progress in water treatment technologies, regulatory compliance strategies, and sustainable remediation practices. Regular visitors gain strategic insights into how environmental industry trends translate to corporate performance metrics.
Montrose Environmental Group, Inc. (NYSE: MEG) announced the release of its first quarter 2023 earnings on May 9, 2023, after trading hours. The Company will hold a conference call on May 10, 2023, at 8:30 AM EDT, featuring CEO Vijay Manthripragada and CFO Allan Dicks, who will discuss financial results followed by a Q&A session. Participants can join by calling 1-844-826-3035 or 1-412-317-5195. A live webcast will be available on Montrose's website, with a replay accessible for 30 days. Montrose specializes in environmental solutions for commercial and governmental organizations, leveraging over 2,800 employees across 80+ locations worldwide.
Montrose Environmental Group (NYSE: MEG) has appointed John Jackson as its new Chief Information Officer, effective immediately. With over 20 years of experience, Jackson will oversee IT and cybersecurity strategies, focusing initially on enterprise network infrastructure. CEO Vijay Manthripragada praised Jackson's capabilities in talent development and global technology leadership. Jackson, previously CIO at Aerojet Rocketdyne, expressed enthusiasm about Montrose's technology ambitions and market opportunities. This leadership change is expected to enhance Montrose's digital solutions and support its M&A strategy.
Montrose Environmental Group (MEG) reported a strong year in 2022, with total revenue of $544.4 million despite a $125 million decline in CTEH COVID-19 revenues. Excluding CTEH, organic revenue growth reached 41%, driven by advances in Measurement and Analysis and Remediation sectors. Customer revenue retention improved to 96%, while cross-selling activities nearly doubled. However, the company reported a net loss of $31.8 million or $(1.62) per share for the year. For Q4 2022, total revenue was $139.5 million, a slight decrease from the previous year, attributed to lower COVID-19 related services. Montrose remains optimistic about 2023, citing strong business tailwinds and continued M&A activity.
FAQ
What is the current stock price of Montrose Environmental Group (MEG)?
What is the market cap of Montrose Environmental Group (MEG)?
