Second Quarter 2022 Earnings Call August 9, 2022 Safe Harbor Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements o ...

PART I. FINANCIAL INFORMATION This section presents the company's unaudited condensed consolidated financial information, management's discussion, market risk, and controls [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for Montrose Environmental Group, Inc., including the statements of financial position, operations and comprehensive loss, convertible and redeemable Series A-2 preferred stock and stockholders' equity, and cash flows, along with detailed notes explaining the company's business, accounting policies, revenue recognition, acquisitions, debt, equity, and segment information for the periods ended June 30, 2022 and 2021 [Unaudited Condensed Consolidated Statements of Financial Position](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Financial%20Position) The company's financial position shows a decrease in total assets and liabilities from December 2021 to June 2022 | ASSETS (in thousands) | June 30, 2022 | December 31, 2021 | | :-------------------- | :------------ | :---------------- | | Cash and restricted cash | $98,414 | $146,741 | | Accounts receivable—net | $87,676 | $98,513 | | Contract assets | $47,740 | $40,139 | | Total current assets | $244,236 | $293,858 | | Goodwill | $315,626 | $311,944 | | Other intangible assets—net | $150,684 | $160,997 | | TOTAL ASSETS | $787,743 | $833,094 | | LIABILITIES & EQUITY (in thousands) | June 30, 2022 | December 31, 2021 | | :-------------------------------- | :------------ | :---------------- | | Accounts payable and other accrued liabilities | $59,285 | $68,936 | | Accrued payroll and benefits | $18,756 | $25,971 | | Business acquisitions contingent consideration, current | $2,814 | $31,450 | | Total current liabilities | $101,293 | $147,695 | | Long-term debt—net | $157,703 | $161,818 | | Total liabilities | $319,964 | $363,665 | | Convertible and Redeemable Series A-2 Preferred Stock | $152,928 | $152,928 | | Total stockholders' equity | $314,851 | $316,501 | | TOTAL LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY | $787,743 | $833,094 | - Total assets decreased by **$45.35 million** from December 31, 2021, to June 30, 2022, primarily due to a reduction in cash and restricted cash, and accounts receivable[6](index=6&type=chunk) - Total liabilities decreased by **$43.7 million**, largely driven by a significant reduction in current business acquisitions contingent consideration[6](index=6&type=chunk) [Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) This statement details the company's revenues, expenses, and net loss for the three and six months ended June 30, 2022 and 2021 | (in thousands, except per share data) | Three Months Ended June 30, 2022 | Three Months Ended June 30, 2021 | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :------------------------------------ | :------------------------------- | :------------------------------- | :----------------------------- | :----------------------------- | | REVENUES | $139,910 | $136,224 | $274,590 | $270,041 | | COST OF REVENUES | $90,429 | $92,104 | $178,815 | $187,420 | | SELLING, GENERAL AND ADMINISTRATIVE EXPENSE | $46,456 | $27,366 | $88,263 | $52,366 | | FAIR VALUE CHANGES IN BUSINESS ACQUISITION CONTINGENCIES | $(3,510) | $12,971 | $(3,531) | $24,035 | | DEPRECIATION AND AMORTIZATION | $12,280 | $9,878 | $24,424 | $21,674 | | LOSS FROM OPERATIONS | $(5,745) | $(6,095) | $(13,381) | $(15,454) | | NET LOSS | $(7,751) | $(13,148) | $(15,287) | $(26,079) | | NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS | $(11,851) | $(17,248) | $(23,487) | $(34,279) |\n| NET LOSS PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS— BASIC AND DILUTED | $(0.40) | $(0.66) | $(0.79) | $(1.34) | - Revenues increased by **2.7%** for the three months ended June 30, 2022, and by **1.7%** for the six months ended June 30, 2022, compared to the respective prior periods[7](index=7&type=chunk) - Net loss attributable to common stockholders decreased significantly, from **$(17.2) million** to **$(11.9) million** for the three months, and from **$(34.3) million** to **$(23.5) million** for the six months, primarily due to a gain from fair value changes in business acquisition contingencies and lower interest expense[7](index=7&type=chunk) [Unaudited Condensed Consolidated Statements of Convertible and Redeemable Series A-2 Preferred Stock and Stockholders' Equity](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Convertible%20and%20Redeemable%20Series%20A-2%20Preferred%20Stock%20and%20Stockholders%27%20Equity) This statement outlines changes in convertible and redeemable preferred stock and stockholders' equity, reflecting net losses and equity transactions | (in thousands, except share data) | Convertible and Redeemable Series A-2 Preferred Stock (Amount) | Additional Paid-In Capital | Accumulated Deficit | Total Stockholders' Equity | | :-------------------------------- | :----------------------------------------------------------- | :------------------------- | :------------------ | :------------------------- | | BALANCE—December 31, 2021 | $152,928 | $464,143 | $(147,678) | $316,501 | | Net loss | — | — | $(7,536) | $(7,536) | | Stock-based compensation | — | $10,425 | — | $10,425 | | Dividend payment to Series A-2 preferred shareholders | — | $(4,100) | — | $(4,100) | | Common stock issued | — | $429 | — | $429 | | Accumulated other comprehensive income | — | — | — | $45 | | BALANCE—March 31, 2022 | $152,928 | $470,897 | $(155,214) | $315,764 | | Net loss | — | — | $(7,751) | $(7,751) | | Stock-based compensation | — | $10,932 | — | $10,932 | | Dividend payment to Series A-2 preferred shareholders | — | $(4,100) | — | $(4,100) | | Common stock issued | — | $54 | — | $54 | | Accumulated other comprehensive loss | — | — | — | $(48) | | BALANCE—June 30, 2022 | $152,928 | $477,783 | $(162,965) | $314,851 | - Total stockholders' equity slightly decreased from **$316.5 million** at December 31, 2021, to **$314.9 million** at June 30, 2022, primarily due to net losses and preferred stock dividends, partially offset by stock-based compensation and common stock issuances[9](index=9&type=chunk) - The accumulated deficit increased from **$(147.7) million** to **$(163.0) million** over the six-month period, reflecting the net losses incurred[9](index=9&type=chunk) [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) This statement summarizes the company's cash flows from operating, investing, and financing activities for the six months ended June 30, 2022 and 2021 | (in thousands) | Six Months Ended June 30, 2022 | Six Months Ended June 30, 2021 | | :----------------------------- | :----------------------------- | :----------------------------- | | Net loss | $(15,287) |

Montrose Environmental Group, Inc. (NYSE:MEG) Q1 2022 Results Conference Call May 10, 2022 8:30 AM ET Company Participants Vijay Manthripragada - President, Chief Executive Officer & Director Rodny Nacier - Investor Relations Allan Dicks - Chief Financial Officer Conference Call Participants Tim Mulrooney - William Blair Emily Shu - Bank of America Chris Grenga - Needham Stephanie Yee - JPMorgan Noelle Dilts - Stifel Operator Good day, and welcome to the Montrose Environmental Group, Inc. First Quarter 2022 ...

First Quarter 2022 Earnings Call May 10, 2022 Safe Harbor Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or that are not statements of h ...

[FORM 10-Q Filing Information](index=1&type=section&id=FORM%2010-Q%20Filing%20Information) This section presents the official filing information for the Quarterly Report on Form 10-Q, including registrant details and securities registered [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides key identification details for Montrose Environmental Group, Inc.'s Form 10-Q, including incorporation, executive offices, and stock exchange listing - The filing type is a Quarterly Report under Section 13 or 15(d) of the Securities Exchange Act of 1934[2](index=2&type=chunk) - The quarterly period ended on **March 31, 2022**[2](index=2&type=chunk) - The registrant name is **Montrose Environmental Group, Inc.**[2](index=2&type=chunk) Securities Registered | Title of each class | Symbol(s) | Name of each exchange on which registered | | :------------------ | :-------- | :---------------------------------------- | | Common Stock, par value $0.000004 per share | MEG | The New York Stock Exchange | - As of May 5, 2022, **29,678,697 shares** of common stock, $0.000004 par value per share, were outstanding[4](index=4&type=chunk) [Table of Contents](index=2&type=section&id=Table%20of%20Contents) This section provides an organized listing of all chapters and sub-sections within the report [PART I. FINANCIAL INFORMATION](index=3&type=section&id=PART%20I.%20FINANCIAL%20INFORMATION) This part presents the company's comprehensive financial data, including statements, notes, and management's analysis of operations [Item 1. Financial Statements](index=3&type=section&id=Item%201.%20Financial%20Statements) This section presents Montrose Environmental Group, Inc.'s unaudited condensed consolidated financial statements, including position, operations, equity, and cash flows [Unaudited Condensed Consolidated Statements of Financial Position](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Financial%20Position) Total assets decreased from **$833.1 million** to **$790.2 million**, driven by lower cash and accounts receivable, with total liabilities also decreasing Key Financial Position Data (in thousands) | Metric | March 31, 2022 | December 31, 2021 | Change | | :-------------------------------- | :------------- | :---------------- | :----- | | Cash and restricted cash | $93,791 | $146,741 | $(52,950) | | Accounts receivable—net | $81,650 | $98,513 | $(16,863) | | Contract assets | $51,716 | $40,139 | $11,577 | | Total current assets | $238,858 | $293,858 | $(55,000) | | Goodwill | $316,173 | $311,944 | $4,229 | | Total assets | $790,245 | $833,094 | $(42,849) | | Accounts payable and other accrued liabilities | $58,992 | $68,936 | $(9,944) | | Business acquisitions contingent consideration, current | $1,429 | $31,450 | $(30,021) | | Total current liabilities | $99,695 | $147,695 | $(48,000) | | Total liabilities | $321,553 | $363,665 | $(42,112) | | Total stockholders' equity | $315,764 | $316,501 | $(737) | [Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Operations%20and%20Comprehensive%20Loss) Montrose reported a net loss of **$7.5 million** for Q1 2022, an improvement from **$12.9 million** in Q1 2021, driven by lower cost of revenues and favorable contingent consideration changes Key Operations Data (in thousands, except per share data) | Metric | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | Change (YoY) | | :------------------------------------------ | :-------------------------------- | :-------------------------------- | :----------- | | Revenues | $134,680 | $133,817 | $863 | | Cost of revenues | $88,386 | $95,316 | $(6,930) | | Selling, general and administrative expense | $41,807 | $25,000 | $16,807 | | Fair value changes in business acquisitions contingent consideration | $(21) | $11,064 | $(11,085) | | Loss from operations | $(7,636) | $(9,359) | $1,723 | | Net loss | $(7,536) | $(12,931) | $5,395 | | Net loss attributable to common stockholders | $(11,636) | $(17,031) | $5,395 | | Net loss per share attributable to common stockholders— Basic and Diluted | $(0.39) | $(0.68) | $0.29 | [Unaudited Condensed Consolidated Statements of Convertible and Redeemable Series A-2 Preferred Stock and Stockholders' Equity](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Convertible%20and%20Redeemable%20Series%20A-2%20Preferred%20Stock%20and%20Stockholders'%20Equity) Stockholders' equity slightly decreased from **$316.5 million** to **$315.8 million**, influenced by net loss, stock-based compensation, common stock issuance, and preferred dividends Changes in Stockholders' Equity (in thousands) | Item | Three Months Ended March 31, 2022 | | :------------------------------------------ | :-------------------------------- | | Balance—December 31, 2021 | $316,501 | | Net loss | $(7,536) | | Stock-based compensation | $10,425 | | Dividend payment to the Series A-2 preferred shareholders | $(4,100) | | Common stock issued | $429 | | Accumulated other comprehensive income | $45 | | Balance—March 31, 2022 | $315,764 | [Unaudited Condensed Consolidated Statements of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Montrose experienced a **$53.0 million** decrease in cash in Q1 2022, with increased cash usage across operating, investing, and financing activities compared to the prior year Consolidated Statement of Cash Flows Data (in thousands) | Activity | Three Months Ended March 31, 2022 | Three Months Ended March 31, 2021 | Change (YoY) | | :--------------------------------------- | :-------------------------------- | :-------------------------------- | :----------- | | Net cash used in operating activities | $(18,328) | $(13,913) | $(4,415) | | Net cash used in investing activities | $(15,005) | $(7,398) | $(7,607) | | Net cash used in financing activities | $(19,715) | $(3,087) | $(16,628) | | Change in cash, cash equivalents and restricted cash | $(53,048) | $(24,398) | $(28,650) | | Cash, cash equivalents and restricted cash: End of period | $93,791 | $10,641 | $83,150 | [Notes to Unaudited Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) These notes provide detailed disclosures supporting the unaudited condensed consolidated financial statements, offering crucial context on financial reporting and operational activities [1. DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION](index=7&type=section&id=1.%20DESCRIPTION%20OF%20THE%20BUSINESS%20AND%20BASIS%20OF%20PRESENTATION) Montrose Environmental Group, Inc. is a Delaware-formed environmental services company with approximately **80 offices** and over **2,700 employees** as of March 31, 2022, serving diverse clients through three segments - Montrose Environmental Group, Inc. was formed in November 2013 in Delaware, with approximately **80 offices** across the U.S., Canada, and Australia, and over **2,700 employees** as of March 31, 2022[14](index=14&type=chunk) - The company provides environmental services through three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse[15](index=15&type=chunk)[16](index=16&type=chunk)[17](index=17&type=chunk) - Retroactive adoption of ASC 842 (Leases) effective January 1, 2021, resulted in adjustments: depreciation and amortization expense increased by **$1.0 million**, other income (expense) increased by **$0.3 million**, and net loss increased by **$1.3 million**[19](index=19&type=chunk) [2. SUMMARY OF NEW ACCOUNTING PRONOUNCEMENTS](index=7&type=section&id=2.%2

The Future of Environmental Solutions DSE Fourth Quarter 2021 Earnings Call March 1, 2022 Safe Harbor Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate f ...

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, 2021 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 (State or other j ...

Montrose Environmental Group, Inc. (NYSE:MEG) Q4 2021 Earnings Conference Call March 1, 2022 8:30 AM ET Company Participants Vijay Manthripragada ??? President, Chief Executive Officer & Director Rodny Nacier ??? Investor Relations Allan Dicks ??? Chief Financial Officer Conference Call Participants Jim Ricchiuti ??? Needham & Company Emily Shu ??? Bank of America Noelle Dilts ??? Stifel, Nicolaus & Company Operator Greetings, welcome to Montrose Environmental Group Fourth Quarter 2021 Earnings Call. At thi ...

The Future of Environmental Solutions Investor Presentation December 2021 Safe Harbor Statements contained herein and in the accompanying oral presentation contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements may be identified by the use of words such as "intend," "expect", and "may", and other similar expressions that predict or indicate future events or ...

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, 2021 OR Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) ...