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BluMetric Announces Closing of $15 Million Brokered Offering
Newsfile· 2025-12-09 14:13
Ottawa, Ontario--(Newsfile Corp. - December 9, 2025) - BluMetric Environmental Inc. (TSXV: BLM) (OTCQX: BLMWF) ("BluMetric" or the "Company"), an engineering WaterTech and full-service environmental consulting firm, is pleased to announce that the Company has closed its previously announced best-efforts brokered offering of 11,538,461 common shares of the Company (the "Offered Shares") at a price of $1.30 per Offered Share for aggregate gross proceeds of $14,999,999.30 (the "Offering"). The offering was le ...
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
Core Points - BluMetric Environmental Inc. has signed a CA$3.8 million contract with Thales Canada to enhance potable water quality and extend the lifespan of water distribution systems for the Royal Canadian Navy [1][2] - The project will be executed by BluMetric's WaterTech Canada division and is expected to be delivered and commissioned within the next eighteen months [2] Company Overview - BluMetric Environmental Inc. is a publicly traded environmental consulting and engineering firm with over 220 employees and more than 45 years of expertise [3] - The company operates in various sectors including Commercial and Industrial, Military, Mining, and Government [3]
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]