Welcome to our dedicated page for Montrose Environmental Group news (Ticker: MEG), a resource for investors and traders seeking the latest updates and insights on Montrose Environmental Group stock.
Montrose Environmental Group, Inc. (symbol: MEG) is a leading, high-growth environmental company headquartered in Orange County, California. With over 42 offices and more than 750 employees nationwide, Montrose provides a broad spectrum of environmental services tailored to both industry and government clients.
Montrose operates through various well-established brands across the country, each with a rich history of delivering top-quality services. The company's diverse range of operations includes air quality assessments, environmental laboratory analysis, and regulatory compliance services.
- Assessment, Permitting, and Response: This segment offers scientific advisory and consulting services, including environmental assessments, emergency response, and audits.
- Measurement and Analysis: This arm specializes in testing and analyzing air, water, and soil to identify contaminant concentrations.
- Remediation and Reuse: This segment provides engineering, design, and operational services to treat contaminated water, remove pollutants, and generate biogas.
Montrose’s commitment to environmental sustainability is evident through their innovative solutions and partnerships. Some recent achievements include advancements in biogas generation and significant projects in environmental remediation. Their financial health and operational efficiency continue to attract client trust and industry recognition.
By leveraging a vast network of experts and cutting-edge technology, Montrose ensures comprehensive environmental solutions that meet the exacting standards of its clients and regulatory bodies.
Montrose Environmental Group (NYSE: MEG) has announced changes to its participation in the Needham 27th Annual Growth Conference due to wildfires in southern California. The company will now present virtually on Thursday, January 16, 2025, at 8:45 a.m. Eastern Time.
While MEG's operations remain unaffected by the wildfires, the company's leadership team is actively engaging with impacted clients, colleagues, and other stakeholders. Investors can access the live audio webcast through the Investors section of Montrose's website, with a replay available after the event.
Montrose Environmental Group (NYSE: MEG) has announced its participation in the Needham 27th Annual Growth Conference in New York. The company's presentation is scheduled for Tuesday, January 14, 2025, at 9:30 a.m. Eastern Time.
MEG will make their presentation materials available in the Investors section of their website before the conference. Interested parties can access a live audio webcast of the presentation through the company's investor relations website at https://investors.montrose-env.com. For those unable to attend live, a replay of the webcast will be available in the same section after the event.
Pioneer Energy has secured $27 million in DOE funding through four distinct awards. The primary focus is on advancing their Emission Control Treater™ (ECT), a revolutionary zero-emissions well pad production technology that can boost crude yield by 5-10%. Three awards totaling $21 million will support ECT development across different applications, including a $10MM commercial-scale project, a $6MM sour crude processing initiative, and a $5MM marginal wells program.
The ECT technology eliminates routine flaring, removes the need for atmospheric storage tanks, and improves separation efficiency. It features cloud-connected automation for remote monitoring and control, reducing operational costs. The fourth grant, worth $6MM, partners with Emvolon to develop a flare gas to methanol system. All projects will undergo extended field demonstrations, with emissions reduction validation by Colorado School of Mines and Montrose Environmental Group.
Montrose Environmental Group (NYSE: MEG) has been selected to install its PFAS mobile treatment system at Sydney Water's Cascade Water Filtration Plant near Sydney, Australia. The initiative comes after the detection of PFAS compounds (PFOS and PFHxS) in the plant's outlet in June 2024. The multi-million-dollar system will help reduce PFAS levels below the limits proposed in the draft Australian Drinking Water Guidelines, set to be finalized in April 2025.
As Australia's largest water utility, Sydney Water chose Montrose for its expertise in water treatment solutions and PFAS-impacted water treatment in the country. The installation represents a temporary solution while Sydney Water pursues long-term facility upgrades.
Montrose Environmental Group (NYSE: MEG) has announced its participation in the Baird 2024 Global Industrial Conference scheduled for Tuesday, November 12, 2024, in Chicago, IL. The company will make its conference presentation materials available to the public by posting them in the Investors section of its website.
Montrose Environmental Group (MEG) reported record Q3 2024 results with total revenue of $178.7 million, up 6.4% year-over-year. The company posted a net loss of $10.6 million ($0.39 per share) but achieved record Consolidated Adjusted EBITDA of $28.3 million, increasing 21.5%. For the first nine months of 2024, revenue grew 10.7% to $507.4 million with a net loss of $34.1 million. The company reaffirmed its full-year 2024 guidance of $690-740 million in revenue and $95-100 million in Adjusted EBITDA. MEG announced a shift in capital allocation priorities, focusing on preferred equity redemption and deleveraging while de-emphasizing acquisitions.
Montrose Environmental Group (NYSE: MEG) has announced its schedule for third quarter 2024 financial results release and conference call. The company will release its Q3 2024 results on Wednesday, November 6, 2024, after NYSE trading hours. A conference call to discuss the results and future outlook is scheduled for Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. Investors can access the live webcast through the company's website or join via phone using specified dial-in numbers. A replay will be available on the website for 30 days after the call.
Montrose Environmental Group (NYSE: MEG) has been selected for a $249 million, five-year, multiple-award contract by the U.S. Army Corps of Engineers (USACE) Mobile District. The contract focuses on providing environmental quality support to various military, civil, and federal agencies, including the U.S. Army, Air Force, Marine Corps, Navy, and Defense Logistics Agency.
The scope of work includes solutions and remedial plans for air and water quality compliance, PFAS, pollution prevention, hazardous waste, sustainability, and other environmental compliance support. Montrose's CEO, Vijay Manthripragada, highlighted the company's valued partnership with USACE and their unique integration of environmental consulting, analytical services, engineering, and next-generation technology.
The announcement aligns with market growth opportunities in the $15.5B annual U.S. remediation services market, particularly within the Department of Defense sector, as reported by Environmental Business Journal's 2024 EBJ Remediation Markets Survey.
Montrose Environmental Group (NYSE: MEG) has been supporting Alaska Native Corporations (ANCs) in their efforts to revitalize contaminated lands. The company has assisted ANCs in securing and implementing $8 million of EPA Brownfield and Contaminated ANCSA Land Grants throughout 2023 and 2024. These grants aim to address legacy contamination issues on lands transferred to ANCs under the Alaska Native Claims Settlement Act of 1971.
Montrose's work involves leveraging its suite of services, including consulting, engineering, lab testing, and innovative technologies. A key project included helping Cook Inlet Region, Inc. and Tyonek Native secure a $3 million EPA grant for the restoration of the Iniskin Peninsula. The project aims to restore impacted areas for cultural, subsistence, and recreational use, while also developing reuse plans for renewable energy, resource extraction, and tourism.
Montrose Environmental Group (NYSE: MEG) has acquired Origins Laboratory, a leading environmental testing lab in Denver, Colorado. This strategic move expands Montrose's presence in the Rocky Mountain region and enhances its Measurement and Analysis Segment. Origins, founded in 2006, specializes in water, soil, and air contamination testing for oil and gas clients, offering advanced services like VOC air analysis and PFAS measurement.
The acquisition allows Montrose to provide integrated environmental solutions in the region, combining laboratory services with existing offerings. Origins' rapid turnaround capabilities, including same-day results, enable significant cost savings for clients through faster remediation and improved project efficiency. This move aligns with Montrose's commitment to responsive, client-focused service and positions the company to address evolving regulatory needs in the environmental sector.
FAQ
What is the current stock price of Montrose Environmental Group (MEG)?
What is the market cap of Montrose Environmental Group (MEG)?
What services does Montrose Environmental Group, Inc. provide?
Where is Montrose Environmental Group, Inc. headquartered?
How many offices and employees does Montrose have?
What are the main segments of Montrose Environmental Group, Inc.?
What recent achievements has Montrose Environmental Group, Inc. made?
What is the focus of Montrose's Measurement and Analysis segment?
What does Montrose's Remediation and Reuse segment do?
How does Montrose ensure regulatory compliance?
What kind of clients does Montrose serve?
How does Montrose contribute to environmental sustainability?
