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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 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) (State or other jurisdiction of incor ...

Financial Data and Key Metrics Changes - The company reported a total revenue increase of 20.2% to $162.8 million in Q4 2023 and a full-year revenue increase of 17.5% to $615.4 million [44] - Consolidated adjusted EBITDA for Q4 2023 increased by 12.2%, driven by higher revenues, with full-year consolidated adjusted EBITDA at $78.6 million, or 12.6% of revenue, compared to $66.2 million, or 12.2% in the prior year [45][66] - Adjusted net income per share increased by 24% to $1.07 for the full year, up from $0.86 in 2022, primarily due to higher revenues and stronger adjusted EBITDA [94] Business Line Data and Key Metrics Changes - The Assessment, Permitting, and Response (AP&R) segment saw a 24% organic revenue growth, while the Measurement and Analysis (M&A) segment experienced a 17% organic revenue growth, attributed to higher demand for advisory services and strong performance in lab and field services [31][39] - The Remediation and Reuse (R&R) segment's revenue growth was primarily driven by the acquisition of Matrix, but faced declines from certain large water treatment projects and a strategic shift towards higher-margin services [40][68] Market Data and Key Metrics Changes - The company noted a significant uptick in activity globally, particularly in Europe, due to anticipatory actions by clients related to PFAS regulations [2] - The U.S. EPA's focus on PFAS and new regulations is expected to create substantial opportunities for the company, as it aims to regulate emerging contaminants at permitted waste facilities [89] Company Strategy and Development Direction - The company is focused on expanding its advisory services, which were previously underrepresented, and is seeing success in building deeper client relationships across multiple service lines [6][8] - Acquisitions remain a core part of the company's strategy, with five acquisitions closed in 2023 and two more in early 2024, enhancing service capabilities and geographic reach [55][56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the outlook for advisory services in 2024, expecting continued strong organic growth and margin expansion [39][72] - The company anticipates a revenue increase in each quarter of 2024, with a focus on maintaining a healthy cash flow conversion rate above 50% [100][72] Other Important Information - The company achieved a cash flow from operations of $56 million in 2023, more than double the prior year, providing flexibility for investments in M&A and R&D [37] - The company ended 2023 with a net leverage ratio of 1.9 times and a strong liquidity position of approximately $150 million [70] Q&A Session Summary Question: Can you provide more detail on the two acquisitions, Epic and Two Dot? - Management highlighted that Epic brings environmental expertise and credibility in the Australian market, complementing treatment technology efforts, while Two Dot enhances capabilities in the Rocky Mountain region, where the company is underrepresented [3][4] Question: What is the expected cash flow conversion for 2024? - The company expects to convert 50% to 60% of adjusted EBITDA into operating cash flow, likely on the higher end of that range due to improved working capital management [14] Question: Are there any tough comparisons for 2024 by segment? - Management noted that Q1 2024 has the toughest comparables on an EBITDA basis due to a large emergency response project in the prior year, but expects revenue growth across all quarters [16][17] Question: How is the integration of Matrix going? - The integration is progressing well, with margins nearly doubling since acquisition, and cross-selling efforts are expected to manifest more fully in 2024 [141]

Exhibit 99.1 MONTROSE ENVIRONMENTAL GROUP ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 RESULTS - Record Full Year Revenue and Cash Flow from Operations - - Net Loss of $30.9 million; Basic and Diluted Net Loss Per Share of $1.57 - - Significant Increase in Diluted Adjusted Net Income Per Share 1 - - Record Full Year Consolidated Adjusted EBITDA1 - - Expansion in Segment Level and Consolidated Adjusted EBITDA1 as Percent of Revenue for Full Year - - Continued Success Consolidating Fragmented Industry with Hig ...

Montrose Environmental Group, Inc. (NYSE:MEG) Q3 2023 Earnings Conference Call November 8, 2023 8:30 AM ET Company Participants Rodny Nacier - Investor Relations Vijay Manthripragada - President and Chief Executive Officer Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Jim Ricchiuti - Needham & Company David Ridley-Lane - Bank of America Wade Suki - Capital One Stephanie Yee - JP Morgan Operator Good morning and welcome to the Montrose Environmental Group, I ...

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 September 30, 2023 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 | | - ...