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.
David Ridley-Lane
Bank of America
3 questions for MEG
Also covers: ATMU, CNM, EMR +5 more
James Ricchiuti
Needham & Company, LLC
3 questions for MEG
Also covers: AEIS, BELFA, BHE +20 more
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
Tami Zakaria
JPMorgan Chase & Co.
2 questions for MEG
Also covers: ADM, AGCO, ALSN +23 more
Wade Suki
Capital One Financial
2 questions for MEG
Also covers: AM, ARIS, EE +5 more
Aadit Shrestha
Stifel
1 question for MEG
Also covers: GEF, PCT, ROL
Chris Grenga
Needham & Company
1 question for MEG
Also covers: AEIS, CECO, CLH +6 more
Durgesh Chopra
Evercore ISI
1 question for MEG
Also covers: AEE, AEP, AES +22 more
Jim Ricchiuti
Needham & Company
1 question for MEG
Also covers: CECO, CLH, FARO +1 more
Ryan Gilbert
Stifel
1 question for MEG
Recent press releases and 8-K filings for MEG.
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
Montrose Environmental Group Inc. Reports Record Q2 2025 Results and Raises Full-Year Guidance
MEG
Earnings
Guidance Update
Share Buyback
- Montrose Environmental Group Inc. reported a record Q2 2025, with revenue increasing 35.3% to $234.5M and net income growing 280.5% to $18.4M, resulting in $0.42 EPS.
- The company increased its full-year 2025 guidance for the second consecutive quarter, now expecting revenue in the range of $795M to $835M and Consolidated Adjusted EBITDA between $111M and $117M.
- Montrose achieved significant balance sheet improvements, including deleveraging to 2.5x (a 0.3x reduction from Q1 2025) and the full redemption of Series A-2 Preferred Shares on July 1, six months ahead of schedule.
- The company also announced an inaugural stock repurchase program of up to $40M in May 2025 and implemented governance enhancements, such as a board composition change and the voluntary cancellation of executive stock appreciation rights.
Aug 7, 2025, 12:30 PM
Montrose Environmental Group Redeems Preferred Stock
MEG
- Montrose Environmental Group fully redeemed all remaining issued and outstanding shares of Series A-2 Preferred Stock held by an affiliate of Oaktree Capital on July 1, 2025.
- The redemption involved $62.2 million in stated value and $1.4 million in accrued dividends, funded by cash on hand and borrowings under its 2025 Credit Facility.
- This action simplifies the balance sheet, minimizes dilution to stockholders, and removes Oaktree's right to appoint a board member.
Jul 7, 2025, 1:00 PM
Montrose Environmental Group Delivers Strategic Update at William Blair Conference
MEG
Guidance Update
M&A
Revenue Acceleration/Inflection
- Integrated Environmental Solutions: Montrose emphasized its unique integrator approach across consulting, testing, and remediation services, addressing air, water, and soil quality challenges with a diversified, private-sector client base of about 6,000 customers.
- Robust Organic Growth and Financial Strategy: The company highlighted strong organic growth of approximately high single digits to 13%, margin improvement, and clean balance sheet initiatives, including a pause on acquisitions and repayment of preferred equity.
- Tailwinds and Cross-Selling Opportunities: Regulatory clarity on issues like PFAS has generated significant tailwinds, boosting demand in both testing and potential treatment services, while also opening cross-sell opportunities within its existing customer base.
Jun 4, 2025, 10:36 PM
Montrose Environmental Group Reports Combined Q1 2025 Results
MEG
Earnings
Guidance Update
Share Buyback
Revenue Acceleration/Inflection
- Record Q1 performance: Achieved $177.8M in revenue (14.5% growth) and $19.0M in consolidated adjusted EBITDA (12.5% increase, 10.7% margin) driven by strong organic growth, strategic acquisitions, and robust demand for integrated environmental solutions
- Updated full-year guidance: Now expecting revenue of $735–$785M and adjusted EBITDA of $103–$110M, reflecting improved margin expansion and operating efficiency
- Improved operating cash flow: Recorded $5.5M, marking a $27.5M increase from Q1 2024 due to enhanced working capital and non-cash earnings
- Capital structure enhancements: Initiated a $40M share repurchase program and planned Series A-2 preferred stock redemptions, alongside ongoing PFAS service growth
May 8, 2025, 12:31 PM
Quarterly earnings call transcripts for Montrose Environmental Group.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more