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Here's What Key Metrics Tell Us About Montrose Environmental (MEG) Q3 Earnings
ZACKS· 2025-11-05 02:01
Core Insights - Montrose Environmental (MEG) reported revenue of $224.89 million for Q3 2025, marking a year-over-year increase of 25.9% and exceeding the Zacks Consensus Estimate of $195.85 million by 14.83% [1] - The company's EPS for the quarter was $0.36, down from $0.41 a year ago, but still above the consensus estimate of $0.33, resulting in an EPS surprise of 9.09% [1] Revenue Breakdown - Revenues from Assessment, Permitting and Response reached $91.08 million, significantly higher than the estimated $58.51 million, reflecting a year-over-year increase of 75.1% [4] - Revenues from Remediation & Reuse were reported at $70.85 million, slightly above the average estimate of $68.55 million, with a year-over-year change of 4.1% [4] - Revenues from Measurements & Analysis totaled $62.96 million, surpassing the estimated $61.29 million, and showing a year-over-year increase of 7.5% [4] Stock Performance - Over the past month, shares of Montrose Environmental have declined by 11.6%, contrasting with a 2.1% increase in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
Birchtech to Collaborate with National Engineering Firm, Civil & Environmental Consultants, Inc. (CEC) for Utility Water Testing
Globenewswire· 2025-11-03 13:31
Core Insights - Birchtech Corp has signed a letter of intent to collaborate with Civil & Environmental Consultants, Inc. (CEC) to provide Rapid Small-Scale Column Testing (RSSCT) for CEC's water utility customers across the United States [1][2] Company Overview - Birchtech Corp specializes in activated carbon technologies aimed at sustainable air and water treatment, positioning itself as a leader in this sector [6] - The company is recognized for its innovative solutions in air and water purification, particularly focusing on capturing mercury emissions and developing technologies to address "forever chemicals" like PFAS and PFOS [6] Collaboration Details - The collaboration will utilize Birchtech's Analytical Design Center in Grand Forks, ND, which is equipped to deliver comprehensive testing and analysis for water treatment challenges [2] - RSSCT is a specialized testing methodology that allows utilities to simulate full-scale filter bed conditions quickly, enabling efficient decision-making regarding granular activated carbon performance [2] Strategic Importance - This partnership is seen as a critical step for Birchtech's "Clean Water" business, providing essential testing services to both large and small water utility customers [4] - The collaboration is expected to enhance Birchtech's market presence and expand its water treatment technologies, contributing to sustainable long-term value for shareholders [4][3]
BluMetric Announces $3.8 Million WaterTech Contract with Thales Canada to Upgrade Royal Canadian Navy Ships
Newsfile· 2025-08-12 11:00
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 ...
Montrose Environmental Group Reports Record First Quarter Results, Increases 2025 Guidance, and Announces Inaugural Stock Repurchase Program
Prnewswire· 2025-05-07 20:34
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]
Montrose Environmental Group Awarded $4M AUD Environmental Services Contract for Major Mining Operation in Australia
Prnewswire· 2025-04-23 22:00
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]