LITTLE ROCK, Ark., July 9, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth, global environmental solutions company, today shared insight into the first-ever leak detection and repair (LDAR) alternative work practice (AWP) deployed in a U.S. refinery. Leaking equipment has been cited by the United States Environmental Protection Agency (EPA) as the primary source of volatile organic compounds (VOCs) and volatile hazardous air pollutants (HAPs) ...

The 2023 Sustainability Report Executive Summary focuses on Montrose's sustainability approach, the impact of environmental solutions provided and Montrose's own environmental performance. The Executive Summary celebrates the Company's 2023 accomplishments including: Additionally, the application of innovative solutions resulted in meaningful impact in 2023, including: Read Montrose's 2023 Sustainability Report Executive Summary to learn more about the Company's sustainability achievements and innovative ad ...

"At Montrose, we view our business' sustainability as core to our decision framework," said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group. "Our sustainability approach addresses the elements identified by our materiality assessment, focusing on factors most relevant to our business, stakeholders and employees. This informs our comprehensive strategy for serving and assisting our clients – the One Montrose way. This means integrating sustainable practices into ou ...

Financial Performance - First quarter revenue increased by 18.2% year-over-year to $155.3 million, driven by strong organic growth and contributions from acquisitions[11, 41] - Total Operating Segments Adjusted EBITDA was $27.8 million, representing 17.9% of revenue[11] - Consolidated Adjusted EBITDA increased by 1.9% to $16.9 million in Q1 2024, compared to $16.6 million in Q1 2023[21] - Diluted Adjusted EPS was $0.16 in Q1 2024, compared to $0.17 in the prior year quarter, influenced by higher interest and depreciation[11, 23] - Adjusted Net Income was $8.4 million in Q1 2024[11] Segment Performance - Assessment, Permitting and Response (AP&R) segment revenue increased to $58.6 million in Q1 2024 from $52.2 million in Q1 2023, with segment Adjusted EBITDA at $16.3 million, or 27.8% of segment revenue[47] - Measurement & Analysis segment revenue increased to $45.5 million in Q1 2024 from $42.5 million in Q1 2023[50] - Remediation & Reuse segment revenue increased to $51.3 million in Q1 2024 from $36.7 million in Q1 2023, primarily driven by the acquisition of Matrix[52] Strategic Initiatives and Outlook - The company completed three accretive acquisitions in 2024, enhancing services, client opportunities, and geographic expansion[7, 11] - The company anticipates revenue in the range of $690 million to $740 million and Consolidated Adjusted EBITDA in the range of $95 million to $100 million for 2024[58, 59, 80] - The company expects approximately 60% of 2024 Consolidated Adjusted EBITDA to be generated in the second half of the year, primarily due to Matrix and environmental emergency response[32]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39394 Montrose Environmental Group, Inc. (Exact Name of Registrant as Specified in its Charter) | Delaware | 46-4195044 | | --- | ...

For the quarter ended March 2024, Montrose Environmental (MEG) reported revenue of $155.33 million, up 18.2% over the same period last year. EPS came in at $0.16, compared to -$0.63 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $152.61 million, representing a surprise of +1.78%. The company delivered an EPS surprise of +220.00%, with the consensus EPS estimate being $0.05.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...

Montrose Environmental (MEG) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 220%. A quarter ago, it was expected that this company would post earnings of $0.10 per share when it actually produced earnings of $0.27, delivering a surprise of 170%.Over the last four quarters, the company ha ...

Exhibit 99.1 MONTROSE ENVIRONMENTAL GROUP ANNOUNCES FIRST QUARTER 2024 RESULTS - Record First Quarter Consolidated Adjusted EBITDA1 of $16.9 Million - - Executed Three Highly Accretive Acquisitions and Expanded Patent Portfolio - - Reiterates Recently Raised 2024 Revenue and Consolidated Adjusted EBITDA1 Guidance - Little Rock, Arkansas (May 7, 2024) – Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the first quarter ended March 31, 2024. Montr ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Montrose Environmental (MEG) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May ...

The company is building its cash stockpile for further dealmaking.Montrose Environmental Group (MEG 11.87%) shares have been flying high in 2024 and management has decided to use the strength to build its war chest.Shares of the environmental consulting firm were down 7.4% for the week, according to data provided by S&P Global Market Intelligence, as of Thursday afternoon, and at one point were down as much as 15%, after the company announced a secondary offering.Selling into a rallyMontrose Environmental i ...