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 appointed John Jackson as its new Chief Information Officer, effective immediately. With over 20 years of experience, Jackson will oversee IT and cybersecurity strategies, focusing initially on enterprise network infrastructure. CEO Vijay Manthripragada praised Jackson's capabilities in talent development and global technology leadership. Jackson, previously CIO at Aerojet Rocketdyne, expressed enthusiasm about Montrose's technology ambitions and market opportunities. This leadership change is expected to enhance Montrose's digital solutions and support its M&A strategy.
Montrose Environmental Group (MEG) reported a strong year in 2022, with total revenue of $544.4 million despite a $125 million decline in CTEH COVID-19 revenues. Excluding CTEH, organic revenue growth reached 41%, driven by advances in Measurement and Analysis and Remediation sectors. Customer revenue retention improved to 96%, while cross-selling activities nearly doubled. However, the company reported a net loss of $31.8 million or $(1.62) per share for the year. For Q4 2022, total revenue was $139.5 million, a slight decrease from the previous year, attributed to lower COVID-19 related services. Montrose remains optimistic about 2023, citing strong business tailwinds and continued M&A activity.
Montrose Environmental Group, Inc. (NYSE: MEG) will release its fourth quarter and full year 2022 earnings on February 28, 2023, post-market. A conference call will take place on March 1, 2023, at 8:30 AM EST, led by CEO Vijay Manthripragada and CFO Allan Dicks, providing insights into the financial results.
Participants can dial in using 1-877-407-9208 or 1-201-493-6784 for international calls. A live webcast will be accessible on Montrose's website, with a replay available for 30 days.
Montrose specializes in environmental solutions, employing over 2,500 staff across 80+ locations globally.
Montrose Environmental Group, Inc. (NYSE: MEG) has acquired Environmental Alliance, Inc. (EAI), an environmental engineering and consulting firm based in the Mid-Atlantic. The acquisition aims to enhance Montrose's service capabilities and scale in the region. EAI, founded in 1991, specializes in environmental solutions for various industries, including real estate and oil and gas. EAI's senior team will join Montrose's Environmental Consulting & Engineering Division, which is part of its Remediation and Reuse segment. The transaction's terms were not disclosed, but the integration is expected to widen Montrose's client base and address increasingly complex environmental challenges.
Montrose Environmental Group, Inc. (NYSE: MEG) will present at the Needham 25th Annual Growth Conference in New York on January 11, 2023, at 9:30 a.m. ET. The presentation will be available on the Company’s website prior to the event. A live audio webcast will also be accessible through the Investors section of the website, with a replay available afterward.
Montrose is a leading environmental solutions provider, employing over 2,500 across 80+ locations, delivering innovative solutions in air measurement, regulatory compliance, and more.
Montrose Environmental Group (NYSE: MEG) has announced the acquisition of Frontier Analytical Laboratories, enhancing its capabilities in environmental testing, particularly for pollutants. Frontier specializes in gas chromatography and mass spectrometry analysis, critical for identifying trace organic pollutants. The integration will occur within Montrose's Enthalpy Analytical subsidiary. This move aims to strengthen Montrose's service offerings as environmental regulations become more stringent, aiding clients in compliance and data precision.
Montrose Environmental Group, Inc. (NYSE: MEG) will present at the J.P. Morgan 2022 Ultimate Services Investor Conference in New York, NY on November 17, 2022, at 4:15 p.m. Eastern Time. The presentation will be available on the Company’s website prior to the event. A live audio webcast can also be accessed during the presentation, with a replay available afterward. Montrose is a leading environmental solutions company with over 2,500 employees across more than 80 locations, offering services in air measurement, regulatory compliance, and remediation.
Montrose Environmental Group (MEG) reported third quarter 2022 revenue of $130.3 million, a slight decline from $132.6 million in Q3 2021, largely due to reduced COVID-19 services. However, excluding those revenues, total revenue increased by 30.9% year-over-year. The net loss for Q3 was $(5.7) million, or $(0.33) per share, with Adjusted Net Income of $7.8 million, translating to $0.12 per share. The company maintains a stable full-year revenue outlook of $535 million to $555 million. Cash flow from operations showed strength, and the balance sheet has limited exposure to rising interest rates.
Montrose Environmental Group, Inc. (NYSE: MEG) plans to release its third quarter 2022 earnings on November 8, 2022, post-market. A conference call will follow on November 9, 2022, at 8:30 AM EST, led by CEO Vijay Manthripragada and CFO Allan Dicks, discussing financial results and hosting a Q&A session. Interested parties can join the call via phone or through a live webcast. Montrose specializes in environmental solutions with over 2,500 employees globally, focusing on diverse services ranging from compliance to remediation.
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