Announcement • May 09
Onterris, Inc. Provides Earnings Guidance for the Second Quarter of 2026 and Maintain Earnings Guidance for Full Year 2026 Onterris, Inc. provides earnings guidance for the second quarter of 2026 and maintain earnings guidance for full year 2026. For the period, the company expects revenue in the range of $190 million to $210 million
For the full year the company expects revenue guidance range of $840.0 million to $900.0 million is unchanged. Announcement • Apr 28
Montrose Environmental Group, Inc. to Report Q1, 2026 Results on May 06, 2026 Montrose Environmental Group, Inc. announced that they will report Q1, 2026 results After-Market on May 06, 2026 Announcement • Mar 25
Montrose Environmental Group, Inc., Annual General Meeting, May 06, 2026 Montrose Environmental Group, Inc., Annual General Meeting, May 06, 2026. Announcement • Feb 26
Montrose Environmental Group, Inc. Provides Consolidated Earnings Guidance for the Year 2026 Montrose Environmental Group, Inc. provided consolidated earnings guidance for the year 2026. The company announced an expected 2026 revenue range of $840.0 million to $900.0 million, which includes expected annual emergency response revenue of $50.0 million to $70.0 million. Expected 2026 revenue at the midpoint represents approximately 8% organic growth. Announcement • Feb 04
Montrose Environmental Group, Inc. to Report Q4, 2025 Results on Feb 25, 2026 Montrose Environmental Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 Announcement • Jan 20
Montrose Environmental Group, Inc. Appoints James Laws as Chief Operating Officer Montrose Environmental Group, Inc. announced the appointment of James Laws as Chief Operating Officer of the Company. James Laws, has 25 years of experience in the environmental industry. Prior to joining the Company as Chief Operating Officer, Mr. Laws served from September 2023 to January 2026 as Senior Vice President and Director of Operations for the West Environment business at AECOM, where he was responsible for a portfolio of five practices with approximately 2,500 staff members. He also served from October 2021 to August 2023 as Vice President and Director of Operations for the West Environment business at AECOM, where he was responsible for three practices with approximately 1,000 staff members, and from 2020 to September 2021 as Vice President and Director of Operations for the Air/Environmental Health and Safety Practice at AECOM, as well as the Federal Remediation Practice from April 2021 to September 2021. He was responsible for approximately 1,100 staff members between the two practices. Before joining AECOM, Mr. Laws held a number of positions with CH2M Hill with increasing levels of responsibility and seniority beginning in 2001. Mr. Laws holds a B.S. in Chemical Engineering from the University of Southern California. Announcement • Jan 07
Montrose Environmental Group, Inc. Announces Latest Innovation, the VeriPlume Capture System Montrose Environmental Group, Inc. is leading the way with breakthrough technology that delivers tangible results against escalating global temperatures and ensures greater safety for technicians. The company's latest innovation, the VeriPlume Capture System™?, now patent-pending, was developed to address one of the most significant sources of methane emissions: high-volume vents. This advancement underscores Montrose's ongoing leadership in emissions reduction and its commitment to innovation that drives both environmental and operational progress. The VeriPlume Capture System®? was designed to solve a critical challenge in methane measurement: technician safety and accurate capture of emissions from vents located up to 60 feet above ground. Traditional methods often require costly man-lifts and expose technicians to unnecessary risk. VeriPlume's lightweight, carbon-fiber telescoping system enables technicians to measure emissions from the ground, enhancing safety while eliminating friction losses common in older hose-based systems to improve collection efficiency. The result? More accurate plume measurement, faster deployment and cost savings for clients. This innovation helps oil and gas operators comply with EPA OOOO-b regulations, which mandate repairs for vents emitting excessive gas--a source of emissions consistently larger than fugitive leaks. Montrose has 31 patents and multiple trademarks along with a growing portfolio of technologies, including the patent-pending VeriPlume Capture system, which tackle some of the world's toughest environmental challenges. Among these are: SORBIX™? RePURE - A regenerable ion-exchange resin system that removes harmful per- and polyfluoroalkyl substances (PFAS) from water more efficiently than traditional single-use media. Unlike older methods that generate large volumes of waste and require frequent replacement, SORBIX™? rePURE enables in-place regeneration, dramatically reducing waste (up to 80%), lowering lifecycle costs and improving sustainability across municipal, industrial and groundwater applications. Super Loaders™? contain specialized media to adsorb PFAS, maximize media capacity and minimize waste volume. Industrial VOC Abatement - A sustainable system for removing hydrocarbons from contaminated vapors at petroleum refineries, chemical production facilities and other industrial sites. The technology uses synthetic media to remove the hydrocarbons, then regenerates the media automatically in place using plant steam. This process reduces operational interruptions, logistical complexities and potential operator error during media changeout. An innovative vapor cooling system further boosts contaminant removal efficiency, cutting waste and lowering operating costs. These innovations reflect Montrose's commitment to practical, science-driven solutions that safeguard health and the environment. Announcement • Nov 05
Montrose Environmental Group, Inc. Increases Earnings Guidance for the Full Year 2025 Montrose Environmental Group, Inc. increased earnings guidance for the full year 2025. For the second consecutive quarter, the Company announced an increase in expected full-year 2025 revenue to a range of $810.0 million to $830.0 million. Announcement • Oct 14
Montrose Environmental Group, Inc. to Report Q3, 2025 Results on Nov 04, 2025 Montrose Environmental Group, Inc. announced that they will report Q3, 2025 results After-Market on Nov 04, 2025 Announcement • Sep 09
Montrose Environmental Group, Inc. Leads Industry Readiness with over 30 Projects Ahead of Impending HON MACT Rule Montrose Environmental Group, Inc. is on a mission to help protect the air we breathe, the water we drink, and the soil that feeds to enhance environmental sustainability while supporting economic development. The company is currently engaged in more than 30 projects nationwide to help chemical manufacturers prepare for the upcoming Hazardous Organic NESHAP Maximum Achievable Control Technology (HON MACT) regulation. These efforts span emissions testing, compliance strategy, and monitoring implementation--all designed to support facilities facing deadlines that begin in mid-2026. With less than a year remaining, Montrose is helping clients navigate complex requirements and avoid costly delays. The HON MACT rule, finalized by the U.S. Environmental Protection Agency in 2024, targets hazardous air pollution emitted by synthetic organic chemical manufacturing and polymer and resin facilities. The regulation introduces stricter controls on ethylene oxide (EtO), chloroprene, and other air toxics, with the goal of reducing community-wide cancer risks by up to 96%. Key compliance deadlines include July 15, 2026, for fenceline monitoring and EtO control requirements, and July 15, 2027, for corrective actions and broader equipment upgrades. Montrose offers a full suite of end-to-end emissions and air testing capabilities, including fenceline monitoring with both real-time and integrated sampling solutions, stack testing, ambient air quality monitoring, leak detection and repair (LDAR), flare efficiency assessments, and compliance program development--supported by the only accredited laboratory in the nation company team of scientists and engineers works closely with clients to deliver tailored solutions that meet regulatory requirements and operational goals. Announcement • Aug 07
Montrose Environmental Group, Inc. Revises Earnings Guidance for the Year 2025 Montrose Environmental Group, Inc. revised earnings guidance for the year 2025. For the year, the company increased expected revenue to a range of $795.0 million to $835.0 million, representing 17% growth at the midpoint compared to full-year 2024. Announcement • Jul 25
Montrose Environmental Group, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Montrose Environmental Group, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • May 09
Montrose Environmental Group, Inc. (NYSE:MEG) announces an Equity Buyback for $40 million worth of its shares. Montrose Environmental Group, Inc. (NYSE:MEG) announces a share repurchase program. Under the program, the company will repurchase up to $40 million worth of its shares. The repurchase program does not have a set expiration date. Announcement • May 08
Montrose Environmental Group, Inc. Reaffirms Revenue Guidance for Year 2025 Montrose Environmental Group, Inc. reaffirmed revenue guidance for year 2025. For the year company reaffirmed its expected 2025 revenue range of $735.0 million to $785.0 million. Consistent with reaffirming revenue guidance, the Company also reiterated long term organic revenue growth expectations of 7% to 9% per year. Announcement • May 06
Montrose Environmental Group Protects Local Communities by Removing Forever Chemicals from Landfills and Local Sites Montrose Environmental Group's innovative PFAS treatment solutions have been deployed at Smith Creek Landfill in St. Clair County, Michigan and West Deptford Township, New Jersey. A leader in environmental solutions, Montrose is exhibiting at Waste Expo 2025 (Booth 3556) with three experts speaking on panels to discuss the challenges landfills face with addressing emerging contaminants. PFAS, commonly known as "forever chemicals," are a growing concern in landfills across the country. These persistent pollutants accumulate in landfill leachate, creating a major challenge for waste management facilities that must meet stringent environmental regulations. Traditional treatment methods often fail to effectively remove PFAS, leading to contamination risks in nearby water sources. Montrose is at the forefront of addressing this issue, offering proven, field-tested PFAS treatment solutions that help landfills manage their leachate safely and effectively while ensuring compliance with evolving regulations. Announcement • Apr 22
Montrose Environmental Group, Inc. to Report Q1, 2025 Results on May 07, 2025 Montrose Environmental Group, Inc. announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Mar 10
Montrose Environmental Group, Inc., Annual General Meeting, May 06, 2025 Montrose Environmental Group, Inc., Annual General Meeting, May 06, 2025. Announcement • Feb 27
Montrose Environmental Group, Inc. Provides Revenue Guidance for Full Year 2025 Montrose Environmental Group, Inc. provided revenue guidance for full year 2025. For the period, the Company expects revenue to be in the range of $735.0 million to $785.0 million. Announcement • Feb 21
Montrose Environmental Group Announces the Appointment of Vincent Colman to Board of Directors and Audit Committee Montrose Environmental Group, Inc. announced the appointment of Mr. Vincent Colman to its Board of Directors and Audit Committee effective February 19, 2025. Mr. Colman brings exceptional financial and accounting proficiency to the Board, which he developed at the levels during his nearly 40-year career with PricewaterhouseCoopers (PwC), working with numerous Fortune 500 listed companies. His experience provides invaluable insight regarding public company reporting matters and leadership in business strategy and development. He also brings a deep understanding of how an audit committee interacts with the Board, management and external auditors. The Board affirmatively determined that Mr. Colman is independent and an audit committee financial expert. Mr. Colman has been a frequent speaker on emerging governance, regulatory, and professional issues. He is a former member of the Center for Audit Quality Executive Committee, AICPA's Professional Practice Executive Committee, FASB's Financial Accounting Standards Advisory Council and PCAOB's Standing Advisory Group. He received his B.S. in Accounting, magna cum laude, from St. John's University. Announcement • Feb 13
Montrose Environmental Group, Inc. to Report Q4, 2024 Results on Feb 26, 2025 Montrose Environmental Group, Inc. announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 Reported Earnings • Nov 08
Third quarter 2024 earnings released: US$0.39 loss per share (vs US$0.39 loss in 3Q 2023) Third quarter 2024 results: US$0.39 loss per share (further deteriorated from US$0.39 loss in 3Q 2023). Revenue: US$178.7m (up 6.4% from 3Q 2023). Net loss: US$13.3m (loss widened 14% from 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Announcement • Nov 07
Montrose Environmental Group, Inc. Reaffirms Consolidated Earnings Guidance for the Full Year 2024 Montrose Environmental Group, Inc. reaffirmed consolidated earnings guidance for the full year 2024. Reaffirms full-year 2024 guidance for total revenue of $690 million to $740 million. Announcement • Oct 23
Montrose Environmental Group, Inc. to Report Q3, 2024 Results on Nov 06, 2024 Montrose Environmental Group, Inc. announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 New Risk • Aug 07
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -US$19m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Minor Risks Less than 1 year of cash runway based on current free cash flow (-US$19m). Currently unprofitable and not forecast to become profitable next year (US$24m net loss next year). Share price has been volatile over the past 3 months (8.2% average weekly change). Shareholders have been diluted in the past year (14% increase in shares outstanding). Announcement • Jul 23
Montrose Environmental Group, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Montrose Environmental Group, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Announcement • Jul 08
Montrose Environmental Group, Inc. (NYSE:MEG) acquired Spirit Environmental, LLC. Montrose Environmental Group, Inc. (NYSE:MEG) acquired Spirit Environmental, LLC on July 8, 2024. Spirit’s senior leadership team, including Founder and CEO Brad Herrin, will join Montrose’s Consulting and Engineering division. The Dunagan Law Firm, P.C. acted as legal advisor to Spirit.Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Spirit Environmental, LLC on July 8, 2024. Announcement • Jun 06
Montrose Environmental Group, Inc. (NYSE:MEG) acquired Paragon Soil and Environmental Consulting Inc. Montrose Environmental Group, Inc. (NYSE:MEG) acquired Paragon Soil and Environmental Consulting Inc. on June 5, 2024. F&M Management Ltd. acted as lead M&A advisor and Birdsell Grant LLP acted as legal advisor for Paragon Soil and Environmental Consulting Inc. Paragon’s senior leadership team, including President Lee Waterman, will join Montrose’s Consulting and Engineering services within the Company’s Remediation and Reuse segment. Terms of the transaction were not disclosed.
Montrose Environmental Group, Inc. (NYSE:MEG) competed the acquisition of Paragon Soil and Environmental Consulting Inc. on June 5, 2024. Reported Earnings • May 08
First quarter 2024 earnings released: US$0.53 loss per share (vs US$0.63 loss in 1Q 2023) First quarter 2024 results: US$0.53 loss per share (improved from US$0.63 loss in 1Q 2023). Revenue: US$155.3m (up 18% from 1Q 2023). Net loss: US$16.2m (loss narrowed 14% from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Announcement • May 08
Montrose Environmental Group, Inc. Provides Earnings Guidance for the Year 2024 Montrose Environmental Group, Inc. provided earnings guidance for the year 2024. The company expects Revenue to be in the range of $690 million to $740 million. Announcement • Apr 24
Montrose Environmental Group, Inc. to Report Q1, 2024 Results on May 07, 2024 Montrose Environmental Group, Inc. announced that they will report Q1, 2024 results After-Market on May 07, 2024 Announcement • Apr 19
Montrose Environmental Group, Inc. has completed a Follow-on Equity Offering in the amount of $111.45 million. Montrose Environmental Group, Inc. has completed a Follow-on Equity Offering in the amount of $111.45 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,000,000
Price\Range: $37.15 Announcement • Apr 17
Montrose Environmental Group, Inc. has filed a Follow-on Equity Offering. Montrose Environmental Group, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 3,000,000 Announcement • Mar 26
Montrose Environmental Group, Inc., Annual General Meeting, May 07, 2024 Montrose Environmental Group, Inc., Annual General Meeting, May 07, 2024, at 09:00 Central Standard Time. Agenda: To elect three Class I directors to Board of Directors; to ratify the appointment of Deloitte & Touche LLP, as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2024; to approve, on a non-binding and advisory basis, the compensation of named executive officers; and to approve amendments to the Company's Certificate of Incorporation to remove the 66 2/3% Supermajority Voting Requirements. New Risk • Mar 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$7.0m net loss in 3 years). Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Announcement • Mar 01
Montrose Environmental Group, Inc. (NYSE:MEG) acquired 100% stake in Two Dot Environmental Consulting, LLC for 0.06 million. Montrose Environmental Group, Inc. (NYSE:MEG) acquired 100% stake in Two Dot Environmental Consulting, LLC for 0.06 million on February 29, 2024. The consideration consists of cash $39,393; Common Stock worth $1,832; Deferred Common Stock worth $4,652 and Earnout of $20,000. The cash portion of these acquisitions purchase price was funded through proceeds received from the revolving credit facility.
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of 100% stake in Two Dot Environmental Consulting, LLC on February 29, 2024. Reported Earnings • Mar 01
Full year 2023 earnings released: US$1.57 loss per share (vs US$1.62 loss in FY 2022) Full year 2023 results: US$1.57 loss per share (improved from US$1.62 loss in FY 2022). Revenue: US$624.2m (up 15% from FY 2022). Net loss: US$47.3m (loss narrowed 2.0% from FY 2022). Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Announcement • Feb 29
Montrose Environmental Group, Inc. Provides Revenue Guidance for Full Year 2024 Montrose Environmental Group, Inc. provided revenue guidance for full year 2024. For the period, the Company expects revenue to be in the range of $675 million to $725 million. Announcement • Feb 21
Montrose Environmental Group, Inc. to Report Q4, 2023 Results on Feb 29, 2024 Montrose Environmental Group, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 29, 2024 Announcement • Nov 08
Montrose Environmental Group, Inc. Reiterates Earnings Guidance for Full Year 2023 Montrose Environmental Group, Inc. reiterates earnings guidance for full year 2023. For the period, the Company expects Revenue to be in the range of $590 million to $640 million. Reported Earnings • Nov 08
Third quarter 2023 earnings released: US$0.39 loss per share (vs US$0.33 loss in 3Q 2022) Third quarter 2023 results: US$0.39 loss per share (further deteriorated from US$0.33 loss in 3Q 2022). Revenue: US$167.9m (up 29% from 3Q 2022). Net loss: US$11.6m (loss widened 18% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Announcement • Oct 25
Montrose Environmental Group, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Montrose Environmental Group, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Recent Insider Transactions • Sep 14
Independent Director recently bought €307k worth of stock On the 12th of September, J. Miguel de Castro bought around 10k shares on-market at roughly €30.71 per share. This transaction amounted to 7.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €1.5m more in shares than they have sold in the last 12 months. Announcement • Aug 10
Montrose Environmental Group, Inc. Revises Revenue Guidance for the Year 2023 Montrose Environmental Group, Inc. revised revenue guidance for the year 2023. For the year, the company expects Revenue to be in the range of $590 million to $640 million up from previously issued guidance ranges of $550 million to $600 million. Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.38 loss per share (vs US$0.40 loss in 2Q 2022) Second quarter 2023 results: US$0.38 loss per share (improved from US$0.40 loss in 2Q 2022). Revenue: US$159.1m (up 14% from 2Q 2022). Net loss: US$11.3m (loss narrowed 4.9% from 2Q 2022). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Announcement • Aug 09
Montrose Environmental Group, Inc. acquired Jysk Vandrensning A/S. Montrose Environmental Group, Inc. acquired Jysk Vandrensning A/S on August 8, 2023.Montrose Environmental Group, Inc. completed the acquisition of Jysk Vandrensning A/S on August 8, 2023. Announcement • Jul 26
Montrose Environmental Group, Inc. to Report Q2, 2023 Results on Aug 08, 2023 Montrose Environmental Group, Inc. announced that they will report Q2, 2023 results After-Market on Aug 08, 2023 Announcement • Jun 02
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Matrix Solutions Inc. Montrose Environmental Group, Inc. (NYSE:MEG) agreed to acquire Matrix Solutions Inc. for CAD 65.2 million on May 3, 2023. The transaction, which is subject to, among other things, approval of Matrix shareholders and the Court of King’s Bench of Alberta, is expected to close in the second quarter of 2023. Blake, Cassels & Graydon LLP acted as legal advisor to Montrose Environmental Group, Inc. AEC Advisors LLC acted as financial advisor to Matrix Solutions Inc. Borden Ladner Gervais LLP acted as legal advisor to Matrix Solutions Inc. As of June 1, 2023, received the required support of Matrix shareholders and approval from the Court of King’s Bench of Alberta.
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Matrix Solutions Inc. on June 1, 2023. Announcement • May 24
Montrose Environmental Group, Inc. Announces Global Collaboration with Thermo Fisher Scientific Inc. to Provide A Comprehensive Real-Time Ethylene Oxide Monitoring Solution Meets Recent Release U.S. Environmental Protection Agency Regulations Montrose Environmental Group, Inc. announced a global collaboration with Thermo Fisher Scientific Inc. (Thermo Fisher) to provide a comprehensive real-time ethylene oxide (EtO) monitoring solution that meets recently released U.S. Environmental Protection Agency (EPA) regulations. Ethylene oxide is a carcinogenic and mutagenic compound commonly used in the chemical industry, particularly as a sterilant for medical products and as a reaction intermediate in the production of ethylene glycol. Due to its toxicity, federal, state and local regulators require monitoring for very low levels of EtO in and around commercial sterilizers and chemical plants. The EPA has recently issued three focused proposals addressing the reduction of EtO emissions from chemical plants and commercial sterilizers, thereby reducing risk to workers, the broader community, and the environment. Working together, Montrose and Thermo Fisher offer medical device manufacturers, pharmaceutical companies, chemical companies, and commercial sterilization service providers, a comprehensive solution to achieve compliance with the EPA’s new ethylene oxide regulations. Together, the companies combine Montrose’s expert field services and data platform (SensibleEDP™) with the proven ambient air monitoring (MAX-iQ) and emissions monitoring (EMS-10) systems of Thermo Fisher. The MAX-iQ and EMS-10 systems, combined with the system design, installation, operations, software, geographic footprint, and maintenance expertise of Montrose, allow for monitoring low-level EtO emissions at a detection limit of 1 ppb, which exceeds the current EPA EtO standards. Reported Earnings • May 10
First quarter 2023 earnings released: US$0.63 loss per share (vs US$0.39 loss in 1Q 2022) First quarter 2023 results: US$0.63 loss per share (further deteriorated from US$0.39 loss in 1Q 2022). Revenue: US$131.4m (down 2.4% from 1Q 2022). Net loss: US$18.8m (loss widened 62% from 1Q 2022). Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Announcement • May 10
Montrose Environmental Group, Inc. Reaffirms Earnings Guidance for the Full Year 2023 Montrose Environmental Group, Inc. reaffirmed earnings guidance for the full year 2023. For the period, the company expects revenue range are unchanged at $550 million to $600 million. Announcement • May 09
Montrose Environmental Group, Inc. (NYSE:MEG) acquired GreenPath Energy Ltd. Montrose Environmental Group, Inc. (NYSE:MEG) acquired GreenPath Energy Ltd. on May 8, 2023. Joshua Anhalt, president of GreenPath and employees of GreenPath will join Montrose Environmental Group. Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of GreenPath Energy Ltd. on May 8, 2023. Announcement • May 05
Montrose Environmental Group, Inc. (NYSE:MEG) agreed to acquire Matrix Solutions Inc. Montrose Environmental Group, Inc. (NYSE:MEG) agreed to acquire Matrix Solutions Inc. on May 3, 2023. The transaction, which is subject to, among other things, approval of Matrix shareholders and the Court of King’s Bench of Alberta, is expected to close in the second quarter of 2023. Blake, Cassels & Graydon LLP acted as legal advisor to Montrose Environmental Group, Inc. AEC Advisors LLC acted as financial advisor to Matrix Solutions Inc. Borden Ladner Gervais LLP acted as legal advisor to Matrix Solutions Inc. Recent Insider Transactions • Mar 08
Independent Director recently bought €943k worth of stock On the 3rd of March, James Price bought around 28k shares on-market at roughly €34.14 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €2.1m more in shares than they have sold in the last 12 months. Reported Earnings • Mar 01
Full year 2022 earnings released: US$1.62 loss per share (vs US$1.56 loss in FY 2021) Full year 2022 results: US$1.62 loss per share (further deteriorated from US$1.56 loss in FY 2021). Revenue: US$544.4m (flat on FY 2021). Net loss: US$48.2m (loss widened 16% from FY 2021). Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Announcement • Feb 15
Montrose Environmental Group, Inc. to Report Q4, 2022 Results on Feb 28, 2023 Montrose Environmental Group, Inc. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 28, 2023 Announcement • Feb 11
Montrose Environmental Group, Inc. (NYSE:MEG) acquired Environmental Alliance, Inc. Montrose Environmental Group, Inc. (NYSE:MEG) acquired Environmental Alliance, Inc. on February 10, 2023. Bill Smith, President of Environmental Alliance, Inc., Paul Miller, Joseph Rossi and Michael Vanderslice, Vice Presidents of Environmental Alliance, Inc. will continue with Montrose and will join the Environmental Consulting & Engineering Division led by Senior Vice President Sean Rom. Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Environmental Alliance, Inc. on February 10, 2023. Buying Opportunity • Feb 02
Now 20% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €60.94, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last 3 years. Earnings per share has grown by 67%. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 68% in the next 2 years. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Janet Field was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 13
Montrose Environmental Group, Inc. (NYSE:MEG) acquired Huco Consulting, Inc. Montrose Environmental Group, Inc. (NYSE:MEG) acquired Huco Consulting, Inc. on December 12, 2022. Huco’s leadership team, including co-founders Ron Huijsman and Sameer Vyas, will join Montrose’s Advisory and Specialty Services business, led by Senior Vice President Mark Hall.Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Huco Consulting, Inc. on December 12, 2022. Reported Earnings • Nov 10
Third quarter 2022 earnings released: US$0.33 loss per share (vs US$0.071 loss in 3Q 2021) Third quarter 2022 results: US$0.33 loss per share (further deteriorated from US$0.071 loss in 3Q 2021). Revenue: US$130.3m (down 1.7% from 3Q 2021). Net loss: US$9.82m (loss widened 424% from 3Q 2021). Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Announcement • Nov 09
Montrose Environmental Group, Inc. Reaffirms Earnings Guidance for the Year 2022 Montrose Environmental Group, Inc. reaffirmed earnings guidance for the year 2022. The company is maintaining the same midpoint of its revenue guidance and tightening the range to $535.0 million to $555.0 million, which is within the company’s original revenue guidance range of $520.0 million to $570.0 million. The outlook does not include any benefit from future acquisitions that have not yet been completed or any new large-scale CTEH emergency response projects. Announcement • Oct 26
Montrose Environmental Group, Inc. to Report Q3, 2022 Results on Nov 08, 2022 Montrose Environmental Group, Inc. announced that they will report Q3, 2022 results After-Market on Nov 08, 2022 Breakeven Date Change • Oct 15
No longer forecast to breakeven The 7 analysts covering Montrose Environmental Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$6.65m in 2024. New consensus forecast suggests the company will make a loss of US$6.86m in 2024. Announcement • Sep 07
Montrose Environmental Group, Inc. (NYSE:MEG) acquired AirKinetics, Inc. Montrose Environmental Group, Inc. (NYSE:MEG) acquired AirKinetics, Inc. on September 6, 2022. AirKinetics’ leadership team, including founder and president Tony Wong, will join Montrose’s Measurement and Analysis segment.
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of AirKinetics, Inc. on September 6, 2022. Breakeven Date Change • Aug 11
Forecast breakeven date pushed back to 2024 The 8 analysts covering Montrose Environmental Group previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 59% per year to 2023. The company is expected to make a profit of US$14.2m in 2024. Average annual earnings growth of 97% is required to achieve expected profit on schedule. Announcement • Aug 09
Montrose Environmental Group, Inc. Reiterates Revenue Guidance for the Full Year 2022 Montrose Environmental Group, Inc. reiterated revenue guidance for the full year 2022. For the period, the Company expects revenue to be in the range of $520.0 million to $570.0 million. Reported Earnings • Aug 09
Second quarter 2022 earnings released: US$0.26 loss per share (vs US$0.71 loss in 2Q 2021) Second quarter 2022 results: US$0.26 loss per share (up from US$0.71 loss in 2Q 2021). Revenue: US$139.9m (up 2.7% from 2Q 2021). Net loss: US$7.75m (loss narrowed 58% from 2Q 2021). Over the next year, revenue is forecast to grow 4.6%, compared to a 6.6% growth forecast for the industry in Germany. Announcement • Aug 05
Montrose Environmental Group, Inc. (NYSE:MEG) acquired TriAD Environmental Consultants, Inc. Montrose Environmental Group, Inc. (NYSE:MEG) acquired TriAD Environmental Consultants, Inc. on August 04, 2022. Founders and principals Nancy Sullivan, Mark Hobbs and Dwight Hinch, will join Montrose’s Assessment, Permitting & Response (“AP&R”) segment.
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of TriAD Environmental Consultants, Inc. on August 04, 2022. Announcement • Jul 26
Montrose Environmental Group, Inc. to Report Q2, 2022 Results on Aug 08, 2022 Montrose Environmental Group, Inc. announced that they will report Q2, 2022 results After-Market on Aug 08, 2022 Recent Insider Transactions • May 17
Independent Director recently bought €480k worth of stock On the 12th of May, James Price bought around 13k shares on-market at roughly €35.99 per share. In the last 3 months, they made an even bigger purchase worth €948k. Despite this recent purchase, insiders have collectively sold €5.6m more in shares than they bought in the last 12 months. Reported Earnings • May 11
First quarter 2022 earnings released: US$0.39 loss per share (vs US$0.63 loss in 1Q 2021) First quarter 2022 results: US$0.39 loss per share (up from US$0.63 loss in 1Q 2021). Revenue: US$134.7m (flat on 1Q 2021). Net loss: US$11.6m (loss narrowed 26% from 1Q 2021). Over the next year, revenue is forecast to grow 3.7%, compared to a 15% growth forecast for the industry in Germany. Breakeven Date Change • May 11
Forecast breakeven date pushed back to 2023 The 7 analysts covering Montrose Environmental Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 52% to 2022. The company is expected to make a profit of US$11.3m in 2023. Average annual earnings growth of 126% is required to achieve expected profit on schedule. Announcement • May 10
Montrose Environmental Group, Inc. Reiterates Earnings Guidance for the Year 2022 Montrose Environmental Group, Inc. reiterated earnings guidance for the year 2022. The Company reiterates its full year 2022 outlook for revenue to be in the range of $520.0 million to $570.0 million. Announcement • Apr 26
Montrose Environmental Group, Inc. to Report Q1, 2022 Results on May 09, 2022 Montrose Environmental Group, Inc. announced that they will report Q1, 2022 results After-Market on May 09, 2022 Breakeven Date Change • Apr 07
Forecast breakeven date pushed back to 2023 The 8 analysts covering Montrose Environmental Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 96% to 2022. The company is expected to make a profit of US$9.58m in 2023. Average annual earnings growth of 142% is required to achieve expected profit on schedule. Announcement • Mar 31
Montrose Environmental Group, Inc., Annual General Meeting, May 10, 2022 Montrose Environmental Group, Inc., Annual General Meeting, May 10, 2022, at 09:00 Central Standard Time. Agenda: To elect three Class II directors, J. Thomas Presby, James K. Price and Janet Risi Field to our Board of Directors to hold office until the company's 2025 annual meeting of stockholders, or until their successors are duly elected and qualified; to ratify the appointment of Deloitte & Touche LLP, as independent registered public accounting firm for the Company for the fiscal year ending December 31, 2022; to approve, on a non-binding and advisory basis, the compensation of our named executive officers Say-on-Pay; and to conduct a non-binding and advisory vote on the frequency of future non-binding, advisory votes to approve the compensation of our named executive officers. Breakeven Date Change • Mar 03
Forecast breakeven date pushed back to 2023 The 7 analysts covering Montrose Environmental Group previously expected the company to break even in 2022. New consensus forecast suggests losses will reduce by 97% to 2022. The company is expected to make a profit of US$7.09m in 2023. Average annual earnings growth of 133% is required to achieve expected profit on schedule. Reported Earnings • Mar 02
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$1.56 loss per share (up from US$6.49 loss in FY 2020). Revenue: US$546.4m (up 67% from FY 2020). Net loss: US$41.7m (loss narrowed 61% from FY 2020). Revenue exceeded analyst estimates by 4.6%. Over the next year, revenue is expected to shrink by 15% compared to a 22% growth forecast for the industry in Germany. Breakeven Date Change • Mar 01
Forecast breakeven date moved forward to 2022 The 7 analysts covering Montrose Environmental Group previously expected the company to break even in 2023. New consensus forecast suggests the company will make a profit of US$569.1k in 2022. Average annual earnings growth of 91% is required to achieve expected profit on schedule. Buying Opportunity • Feb 23
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 46%. The fair value is estimated to be US$45.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% per annum over the last 3 years. Earnings per share has grown by 8.3% per annum over the last 3 years. Announcement • Feb 15
Montrose Environmental Group, Inc. to Report Q4, 2021 Results on Feb 28, 2022 Montrose Environmental Group, Inc. announced that they will report Q4, 2021 results After-Market on Feb 28, 2022 Announcement • Feb 08
Montrose Environmental Group, Inc. (NYSE:MEG) acquired Environmental Standards, Inc. Montrose Environmental Group, Inc. (NYSE:MEG) acquired Environmental Standards, Inc. on February 7, 2022. Environmental Standards’ leadership team, including Founder and Chief Executive OfficerRock Vitale, CEAC, will join Montrose’s Assessment, Permitting & Response segment.
Montrose Environmental Group, Inc. (NYSE:MEG) completed the acquisition of Environmental Standards, Inc. on February 7, 2022. Recent Insider Transactions • Dec 14
Independent Director recently bought €443k worth of stock On the 13th of December, Janet Field bought around 7k shares on-market at roughly €60.84 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €7.0m more in shares than they bought in the last 12 months. Reported Earnings • Nov 10
Third quarter 2021 earnings released: US$0.071 loss per share (vs US$2.99 loss in 3Q 2020) The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$132.6m (up 56% from 3Q 2020). Net loss: US$1.87m (loss narrowed 97% from 3Q 2020). Recent Insider Transactions • Sep 15
Independent Chairman of the Board recently sold €4.9m worth of stock On the 10th of September, Richard Perlman sold around 100k shares on-market at roughly €48.62 per share. This was the largest sale by an insider in the last 3 months. This was Richard's only on-market trade for the last 12 months. Breakeven Date Change • Sep 08
Forecast to breakeven in 2023 The 7 analysts covering Montrose Environmental Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of US$8.75m in 2023. Average annual earnings growth of 80% is required to achieve expected profit on schedule.