Earnings summaries and quarterly performance for Montrose Environmental Group.
Executive leadership at Montrose Environmental Group.
Board of directors at Montrose Environmental Group.
Research analysts who have asked questions during Montrose Environmental Group earnings calls.
TZ
Tami Zakaria
JPMorgan Chase & Co.
4 questions for MEG
Also covers: ADM, AGCO, ALSN +24 more
David Ridley-Lane
Bank of America
3 questions for MEG
Also covers: ATMU, CNM, DOV +6 more
JR
James Ricchiuti
Needham & Company, LLC
3 questions for MEG
Also covers: AEIS, BELFA, BHE +20 more
JR
Jim Ricchiuti
Needham & Company
3 questions for MEG
Also covers: AEIS, BHE, CECO +12 more
TM
Timothy Mulrooney
William Blair & Company
3 questions for MEG
Also covers: ABM, APG, BBCP +13 more
Lawrence Stavitski
Clear Street
2 questions for MEG
Also covers: REKR
Sam Kusswurm
William Blair & Company
2 questions for MEG
Also covers: BCO, EME, ICFI
TM
Tim Mulrooney
William Blair
2 questions for MEG
Also covers: ABM, APG, BV +9 more
Wade Suki
Capital One Financial
2 questions for MEG
Also covers: AM, ARIS, EE +6 more
Aadit Shrestha
Stifel
1 question for MEG
Also covers: GEF, PCT, ROL
CG
Chris Grenga
Needham & Company
1 question for MEG
Also covers: AEIS, CECO, CLH +6 more
DC
Durgesh Chopra
Evercore ISI
1 question for MEG
Also covers: AEE, AEP, AES +22 more
RG
Ryan Gilbert
Stifel
1 question for MEG
Also covers: GRBK, SDHC, TOL
Recent press releases and 8-K filings for MEG.
Montrose Environmental Group Reports Record 2025 Results and Provides 2026 Guidance
MEG
Earnings
Guidance Update
Share Buyback
- Montrose Environmental Group (MEG) reported record full-year 2025 results, with revenue of $830.5 million and consolidated adjusted EBITDA of $116.2 million, representing year-over-year growth of 19.3% and 21.3%, respectively.
- The company achieved 12.7% organic revenue growth in 2025, exceeding its long-term target of 7%-9%, and expanded its consolidated adjusted EBITDA margin to 14%.
- MEG delivered record operating cash flow of $107 million in 2025, with a 93% conversion rate of consolidated adjusted EBITDA, and record free cash flow of $87 million.
- For 2026, MEG introduced guidance of $840 million to $900 million in revenue and $125 million to $130 million in consolidated adjusted EBITDA, targeting approximately 15% consolidated adjusted EBITDA margins.
- The company announced plans to begin returning capital to shareholders through its existing $40 million share repurchase authorization and will return to accretive acquisitions in 2026, having completed balance sheet simplification.
Feb 26, 2026, 1:30 PM
Montrose Environmental Group Reports Record 2025 Results and Provides 2026 Guidance
MEG
Earnings
Guidance Update
Share Buyback
- Montrose Environmental Group (MEG) reported a record 2025, with full-year revenue of $830.5 million and consolidated adjusted EBITDA of $116.2 million, marking 19.3% and 21.3% year-over-year growth, respectively.
- The company achieved record operating cash flow of $107 million in 2025, representing a 93% conversion of consolidated adjusted EBITDA, and generated $87 million in free cash flow.
- For 2026, MEG provided guidance for revenue between $840 million and $900 million and consolidated adjusted EBITDA between $125 million and $130 million, targeting approximately 15% consolidated adjusted EBITDA margins.
- MEG completed its balance sheet simplification and plans to begin returning capital to shareholders via its $40 million share repurchase authorization.
- The company intends to resume accretive, small, bolt-on acquisitions in 2026, primarily in the second half, focusing on testing and consulting segments in the U.S., Australia, and Canada.
Feb 26, 2026, 1:30 PM
Montrose Environmental Group Reports Record 2025 Results and Issues 2026 Guidance
MEG
Earnings
Guidance Update
Share Buyback
- Montrose Environmental Group achieved record full-year 2025 revenue of $830.5 million, a 19.3% increase year-over-year, driven by 12.7% organic growth, and record consolidated adjusted EBITDA of $116.2 million, up 21.3% year-over-year, reaching a 14% margin.
- The company generated record operating cash flow of $107 million and free cash flow of $87 million in 2025, representing 93% and 75% conversion of consolidated adjusted EBITDA, respectively.
- For 2026, Montrose Environmental Group provided guidance of $840 million to $900 million in revenue and $125 million to $130 million in consolidated adjusted EBITDA, targeting approximately 15% consolidated adjusted EBITDA margins and organic revenue growth at the high end of the 7%-9% range.
- The company announced the initiation of a $40 million share repurchase authorization and plans to return to accretive acquisitions in 2026, following the full redemption of Series A-2 preferred stock and achieving a leverage ratio of 2.5 times.
Feb 26, 2026, 1:30 PM
Montrose Environmental Group Reports Record Full-Year 2025 Results and Provides Strong 2026 Outlook
MEG
Earnings
Guidance Update
Share Buyback
- Montrose Environmental Group reported record full-year 2025 revenue of $830.5 million, a 19.3% increase over 2024, and record Consolidated Adjusted EBITDA of $116.2 million, up 21.3% from 2024.
- For Q4 2025, total revenue increased 2.2% to $193.3 million, with Consolidated Adjusted EBITDA at $23.9 million.
- The company provided a strong 2026 outlook, projecting revenue between $840 million and $900 million and Consolidated Adjusted EBITDA between $125 million and $130 million, with an expected Consolidated Adjusted EBITDA margin of approximately 15%.
- Montrose exceeded its 2025 objectives, achieving 12.7% organic revenue growth, 92.5% operating cash flow as a percentage of Consolidated Adjusted EBITDA, and reducing leverage to 2.5x by year-end.
- Strategic capital allocation for 2026 includes plans to restart smaller, accretive acquisitions and utilize the existing $40 million share repurchase authorization.
Feb 26, 2026, 1:30 PM
Montrose Environmental Group Reports Record 2025 Results and Increases 2026 Guidance
MEG
Earnings
Guidance Update
M&A
- Montrose Environmental Group reported record revenue of $830.5 million for full-year 2025, a 19.3% increase over 2024, and significantly improved its net loss to $0.8 million compared to a net loss of $62.3 million in the prior year.
- Consolidated Adjusted EBITDA grew 21.3% to $116.2 million in 2025, with $107.5 million in operating cash flow and $87.0 million in Free cash flow.
- For 2026, the company increased its guidance, projecting revenue between $840.0 million and $900.0 million and Consolidated Adjusted EBITDA between $125.0 million and $130.0 million.
- Montrose plans to restart smaller, bolt-on acquisitions in 2026, leveraging its strong balance sheet and cash flow generation.
Feb 25, 2026, 9:30 PM
Montrose Environmental Group Reports Record 2025 Financial Results and Increases 2026 Guidance
MEG
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Montrose Environmental Group (MEG) reported record revenue of $830.5 million for full-year 2025, a 19.3% increase compared to 2024.
- The company's net loss significantly improved to $0.8 million (LPS of $0.14) in 2025, compared to a net loss of $62.3 million (LPS of $2.22) in 2024.
- Consolidated Adjusted EBITDA for 2025 grew 21.3% to $116.2 million, with operating cash flow of $107.5 million and Free cash flow of $87.0 million.
- For 2026, MEG increased its guidance, expecting Consolidated Adjusted EBITDA in the range of $125.0 million to $130.0 million (approximately 10% growth at the midpoint) and revenue in the range of $840.0 million to $900.0 million (approximately 8% organic growth at the midpoint).
- The company plans to restart smaller, bolt-on, and highly accretive acquisitions over the course of 2026.
Feb 25, 2026, 9:05 PM
Montrose Environmental Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Provides 2026 Outlook
MEG
Earnings
Guidance Update
M&A
- Montrose Environmental reported strong Q3 2025 results, with revenue growing 25.9% to $224.9 million and consolidated adjusted EBITDA increasing nearly 19% to $33.7 million, leading to positive GAAP net income of $8.4 million and GAAP EPS of $0.21.
- The company raised its 2025 guidance for the third consecutive quarter, now expecting revenue between $810 million and $830 million and consolidated adjusted EBITDA between $112 million and $118 million.
- Montrose provided an early 2026 outlook, anticipating at least $125 million in EBITDA and further improvement in EBITDA margin compared to 2025.
- The company successfully redeemed the final $62.6 million of Series A preferred stock on July 1, 2025, achieving balance sheet simplification ahead of schedule, and plans to restart acquisitions sometime in 2026 after a strategic pause.
Nov 5, 2025, 1:30 PM
Montrose Environmental Group Reports Q3 2025 Results, Announces Executive Compensation and Governance Changes
MEG
Earnings
Executive Compensation
Proxy Vote Outcomes
- Montrose Environmental Group reported Net income of $8,378 and Consolidated Adjusted EBITDA of $33,661 for Q3 2025.
- The company voluntarily cancelled all outstanding executive stock appreciation rights (SARs), which is expected to eliminate approximately $10 million in non-cash expense from the income statement in 2025 and 2026.
- Executive compensation for 2025 has been revised, tying short-term incentives for the CEO, CFO, and General Counsel to strategic efforts and Consolidated Adjusted EBITDA, while removing M&A incentives.
- Governance enhancements include the approval of a proposal to declassify the board and phase in annual director elections at the Annual Stockholder Meeting held on May 6, 2025.
- Free cash flow for the nine months ended September 30, 2025, was $38,794, a significant improvement from $(38,590) in the prior year period.
Nov 5, 2025, 1:30 PM
Montrose Environmental Group Reports Record Q3 and Nine-Month Results, Increases 2025 Guidance
MEG
Earnings
Guidance Update
Convertible Preferred Issuance
- Montrose Environmental Group reported strong financial results for Q3 2025, with revenue growing 25.9% to $224.9 million and net income improving to $8.4 million ($0.21 EPS), compared to a net loss in the prior year quarter.
- For the first nine months of 2025, revenue increased 25.6% to $637.3 million, and Consolidated Adjusted EBITDA grew 34.6% to $92.3 million.
- Due to strong performance, the company increased its full-year 2025 guidance, now expecting revenue between $810.0 million and $830.0 million and Consolidated Adjusted EBITDA between $112.0 million and $118.0 million.
- In Q3 2025, Montrose redeemed the remaining $62.2 million of Series A-2 Preferred Stock, simplifying its capital structure and eliminating future Series A-2 dividends.
Nov 4, 2025, 9:30 PM
Montrose Environmental Group Reports Record Q3 and First Nine Months 2025 Results, Increases 2025 Guidance
MEG
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Montrose Environmental Group reported record third quarter 2025 revenue of $224.9 million, a 25.9% increase compared to the prior year, and record first nine months 2025 revenue of $637.3 million, up 25.6%.
- The company achieved net income of $8.4 million ($0.21 EPS) in Q3 2025, a significant improvement from a net loss of $10.6 million ($0.39 LPS) in Q3 2024. For the first nine months of 2025, net income was $7.4 million ($0.08 EPS) compared to a net loss of $34.1 million ($1.30 LPS) in the prior year period.
- Consolidated Adjusted EBITDA grew 18.9% to $33.7 million in Q3 2025 and 34.6% to $92.3 million for the first nine months of 2025.
- Montrose increased its full-year 2025 guidance, projecting revenue between $810.0 million and $830.0 million (18% growth at midpoint) and Consolidated Adjusted EBITDA between $112.0 million and $118.0 million (20% growth at midpoint). The company also provided a preliminary full-year 2026 Consolidated Adjusted EBITDA outlook of at or above $125.0 million.
Nov 4, 2025, 9:03 PM
Quarterly earnings call transcripts for Montrose Environmental Group.
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