Third Quarter 2024 Highlights (comparisons to third quarter 2023) Highest-ever total revenue of $178.7 million, an increase of $10.8 million, or 6.4% Net loss of $10.6 million, or $0.39 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income1 of $19.1 million, or $0.41 Diluted Adjusted Net Income per share1 (Adj EPS) Record Consolidated Adjusted EBITDA1 of $28.3 million, an increase of $5.0 million, or 21.5% Consolidated margin expansion Reaffirms full-year 2024 guidanc ...

LITTLE ROCK, Ark. , Sept. 24, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth global environmental solutions company, today shared insight into its brownfields and community revitalization work with Alaska Native Corporations (ANCs). The Alaska Native Claims Settlement Act (ANCSA) of 1971 included the transfer of 44 million acres of land to twelve regions and over 200 village ANCs. Some of these areas have been contaminated due to past activit ...

LITTLE ROCK, Ark. and DENVER, Sept. 10, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Origins Laboratory, LLC ("Origins"), a leading environmental laboratory. Origins, including owners Noelle and David Mathis, will be integrated into the Company's Measurement and Analysis Segment and operate as part of Enthalpy Analytical, LLC ("Enthalpy"), a subsidiary of Montrose. T ...

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 June 30, 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 ( State or oth ...

Financial Data and Key Metrics - Q2 2024 revenue increased by 8.9% to a record $173.3 million, with H1 2024 revenue reaching $328.7 million, up 13.1% YoY [23] - Q2 2024 consolidated adjusted EBITDA was $23.3 million, or 13.5% of revenue, compared to $21.2 million, or 13.3% of revenue in Q2 2023 [24] - Diluted adjusted net income per share was $0.20 in Q2 2024, down from $0.29 in Q2 2023, primarily due to increased interest and tax expenses [25] - Full-year 2024 revenue guidance reiterated at $690 million to $740 million, with consolidated adjusted EBITDA guidance of $95 million to $100 million [30][31] Business Segment Performance - **Assessment, Permitting and Response (AP&R)**: Q2 revenue was $53.4 million, down from $61.4 million YoY due to a $14.7 million decline in environmental emergency response revenues [27] - **Measurement and Analysis (M&A)**: Q2 revenue increased 9.5% to $54.8 million, with adjusted EBITDA up 14.6% to $12.4 million, or 22.5% of revenue [27] - **Remediation and Reuse**: Q2 revenue increased 36.6% to $65.1 million, driven by the acquisition of Matrix and strong organic growth in soil and groundwater remediation [28] Market and Regulatory Developments - The U.S. Supreme Court rulings may limit federal agency authority, increasing regulatory complexity and driving demand for advisory and consulting services [13][14] - PFAS regulations, including CERCLA designations, are expected to enhance access to a $200 billion addressable market [16][17] - Methane emissions funding of $850 million from the EPA presents long-term tailwinds for emissions monitoring and assessment solutions [18] Strategic Direction and Industry Competition - The company completed strategic acquisitions of Paragon and Spirit Environmental, expanding its footprint in Canada and the U.S. Mountain and Gulf states [7][8] - The M&A pipeline remains robust, with numerous opportunities expected in the next 12 to 18 months [8] - The company's business model is designed to be resilient to political changes, with limited exposure to any single end market [19] Management Commentary on Operating Environment and Future Outlook - Management remains confident in the company's ability to capitalize on regulatory complexity and growing environmental concerns [9][20] - The company expects strong organic growth in the back half of 2024, with full-year organic growth guidance of 10% to 12% [6][31] - Client sentiment remains positive, with no immediate changes expected in demand for the company's services [15] Other Important Information - The company raised $121.8 million in a follow-on equity offering, deploying $27 million for acquisitions [29] - Leverage ratio as of June 30, 2024, was 2.4x, well within the long-term target of below 3.5x [30] - Matrix is on track to achieve mid-teen adjusted EBITDA margins by the end of 2024 [28][47] Q&A Session Summary Question: Organic growth in Q2 - The company does not break out quarterly organic growth but is on track to achieve annual organic growth guidance of 10% to 12% [33] Question: Water treatment business outlook - PFAS water treatment is expected to grow in H2 2024, with long-term secular tailwinds in the broader treatment technology business [34][35] Question: Impact of Supreme Court rulings on M&A and resource allocation - The company does not anticipate significant changes due to the Supreme Court rulings, as most regulations impacting the company are within the EPA's statutory authority [39][40] Question: Gross margin improvement - Gross margins improved due to business mix, pricing success, and operating leverage, with further improvements expected [42][43] Question: Contribution of recent acquisitions to guidance - Recent acquisitions (Paragon and Spirit) are small and contribute minimally to the full-year guidance [45][46] Question: Matrix margin improvement - Matrix is on track to achieve mid-teen adjusted EBITDA margins by the end of 2024, driven by pricing, staffing optimization, and overhead cost reductions [47][48] Question: Renewable service business progress - The renewable service business is progressing well, with expected growth in H2 2024 and beyond [50][51] Question: Capital allocation and share buybacks - The company has surpassed its annual acquisition goal of $10 million in EBITDA and does not currently plan to buy back shares, focusing instead on high-growth acquisitions [52][53][54]

Montrose Environmental (MEG) reported $173.33 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.9%. EPS of $0.20 for the same period compares to -$0.38 a year ago. The reported revenue represents a surprise of -0.72% over the Zacks Consensus Estimate of $174.59 million. With the consensus EPS estimate being $0.24, the EPS surprise was -16.67%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Montrose Environmental (MEG) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to loss of $0.38 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -16.67%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced earnings of $0.16, delivering a surprise of 220%. Over the last four quarters, the compa ...

Exhibit 99.1 Montrose Environmental Group Reports Record Second Quarter and First Half 2024 Results, Reaffirms Guidance, and Advances Strategic Capital Allocation Priorities Second Quarter 2024 Highlights (comparisons to second quarter 2023) • Highest-ever total revenue of $173.3 million, an increase of $14.2 million, or 8.9% • Margin expansion in all three segments • Net loss of $10.2 million, or $0.39 net loss per diluted share attributable to common stockholders (LPS), and Adjusted Net Income 1 of $10.8 ...

■ I t 1100 1 of the F 78 AdShooter Q2 Update | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------|----------------|------------------------------------|-------|---------|----------------------------------------------------------------|-------|---------------------------------|-------------|-------|-----------------|-------| | (Smillions, except as indicated) | 2024 | Six monthsended June 30 \n2023 | Q2 | | 2024 \n ...

LITTLE ROCK, Ark., July 30, 2024 /PRNewswire/ -- Montrose Environmental Group, Inc. ("Montrose" or "the Company") (NYSE: MEG), a high-growth global environmental solutions company, today shared insight on the use of its Leak Detection Sensor Network (LDSN) solution to enhance real-time emissions monitoring in a U.S. Gulf Coast refinery. The EPA allows for alternative means of emission limitation (AMEL) for nonstandard leak detection monitoring systems through the Clean Air Act. The federal law establishes e ...