BluMetric Announces $3.8 Million WaterTech Contract with Thales Canada to Upgrade Royal Canadian Navy Ships August 12, 2025 7:00 AM EDT | Source: BluMetric Environmental Inc. Ottawa, Ontario--(Newsfile Corp. - August 12, 2025) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or "the Company"), an engineering WaterTech and full-service environmental consulting firm, announced it has signed a contract with Thales Canada, a subsidiary of Thales S.A. (HO.PA), to enhance the quality of pota ...

Core Insights - Montrose Environmental Group reported its highest-ever first-quarter revenue, Consolidated Adjusted EBITDA, and operating cash flow for Q1 2025, driven by strong organic growth and strategic capital allocation [3][6][12] - The company has increased its 2025 guidance for Consolidated Adjusted EBITDA to a range of $103.0 million to $110.0 million, reflecting a positive outlook despite macroeconomic uncertainties [4][5] - Montrose aims to achieve high-single-digit organic revenue growth and enhance margins while maintaining liquidity and optimizing its balance sheet [3][5] Financial Performance - Total revenue for Q1 2025 was $177.8 million, a 14.5% increase from $155.3 million in Q1 2024, attributed to organic growth and contributions from acquisitions [6][8] - The net loss for Q1 2025 was $19.4 million, or $0.64 per diluted share, compared to a net loss of $13.4 million, or $0.53 per diluted share in the prior year [9][10] - Adjusted Net Income for Q1 2025 was $5.8 million, or $0.07 per diluted share, down from $8.4 million, or $0.16 per diluted share in Q1 2024 [10][36] Segment Performance - The Remediation and Reuse segment generated $65.7 million in revenue, while the Measurement and Analysis segment contributed $59.0 million, reflecting strong demand across diverse end markets [8][20] - The Assessment, Permitting and Response segment saw a revenue decline to $53.1 million due to the absence of larger projects that occurred in the prior year [8][20] Cash Flow and Liquidity - Operating cash flow for Q1 2025 was $5.5 million, a significant improvement from a cash outflow of $22.0 million in the prior year [12][23] - As of March 31, 2025, Montrose had a leverage ratio of 2.2x and liquidity of $294.2 million, including $30.3 million in cash [14][21] Strategic Initiatives - The company announced a stock repurchase program of up to $40.0 million and redeemed $60.0 million of preferred equity in April 2025 [6][14] - Montrose's strategic focus includes enhancing environmental stewardship while driving economic growth through its integrated service portfolio [3][5]

Group 1: Company Overview - Montrose Environmental Group is focused on enhancing environmental stewardship while supporting economic development, with a recent contract worth $4 million AUD for environmental services in Australia's Bowen Basin [1][2] - The company employs approximately 3,400 people across over 100 locations globally, combining local knowledge with an integrated approach to deliver innovative solutions [4] Group 2: Industry Context - The global demand for steel is increasing, prompting Montrose to assist the industry in transitioning to more sustainable practices [2] - Montrose's expertise in environmental consulting, including risk assessments and regulatory compliance, positions it as a trusted partner for responsible mining operations [3][4] Group 3: Project Details - The project in Bowen Basin includes advanced environmental baseline and impact assessments, crucial for the mine's development and sustainability [1] - Montrose aims for fast-tracked delivery over the coming year, reinforcing its role in advancing sustainable development in resource-intensive industries [1][3]