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, Inc. (MEG) reported a record-breaking full year revenue of $546.4 million for 2021, a 66.5% increase from the previous year. Fourth quarter revenue was $143.8 million, up 32.2%. Organic growth was 37.0% for the year. Despite a net loss of $25.3 million in 2021, down from $57.9 million in 2020, the company demonstrated strength in cash flow with $53.2 million after contingent payments. Adjusted EBITDA rose 42.5% to $77.6 million, with a margin of 14.2%. The company maintains a favorable outlook for 2022, projecting revenue between $520.0 million and $570.0 million.
Montrose Environmental Group (NYSE: MEG) will release its fourth quarter and full year 2021 earnings on February 28, 2022, after trading closes. A conference call featuring CEO Vijay Manthripragada and CFO Allan Dicks will be held on March 1, 2022, at 8:30 AM EST, to discuss the financial results and address questions. Participants can join by dialing 1-877-407-9208 or through a live webcast available on the Montrose website. The company specializes in environmental services, supporting clients with innovative solutions across various projects.
Montrose Environmental Group (NYSE: MEG) has acquired Environmental Standards, Inc., a recognized environmental consulting firm founded in 1987. This acquisition enhances Montrose's chemistry and auditing services, expanding their capabilities and expertise, particularly in the East Coast markets. Rock Vitale, CEO of Environmental Standards, will join Montrose's team. The transaction is expected to deepen client relationships across various industries, reinforcing Montrose's position in the environmental services sector.
Montrose Environmental Group (NYSE: MEG) will present at the Needham 24th Annual Growth Conference on January 10, 2022, at 3:30 p.m. ET. Attendees can access a live audio webcast through the Investors section of the Company's website. A replay will be available post-event. Montrose, with over 2000 employees in 70 locations, specializes in environmental services, helping organizations tackle current challenges and prepare for future ones.
Montrose Environmental Group, Inc. (NYSE: MEG) will participate in the virtual Capital One Securities 16th Annual Energy Conference happening from December 6-8, 2021. A presentation will be made available on the investor section of Montrose's website ahead of the event. Montrose provides comprehensive environmental services, including air measurement, regulatory compliance, and emergency response, with over 2,000 employees worldwide. Their integrated approach ensures effective solutions for both commercial and government clients.
Clean Energy Fuels Corp. (NASDAQ: CLNE) has commenced construction on a renewable natural gas (RNG) digester at Del Rio Dairy in Friona, Texas. This project, a joint venture with TotalEnergies, aims to produce over 1.1 million gallons of RNG annually by utilizing waste from over 7,500 cows. The RNG produced will be integrated into Clean Energy's nationwide RNG fueling network, contributing to lower greenhouse gas emissions. The completion of this digester aligns with the company’s goal of achieving a carbon intensity of zero by 2025.
Montrose Environmental Group, Inc. (MEG) reported strong third quarter results for 2021, with total revenue of $132.6 million, a 56.5% increase year-over-year. Net income reached $2.2 million, compared to a net loss of $30.7 million in the prior year. Adjusted EBITDA rose 28.6% to $21.5 million with a margin of 16.2%. The company completed two strategic acquisitions and successfully reduced its leverage to 0.8x after a public offering that raised approximately $169.8 million. Montrose has raised its full-year Adjusted EBITDA guidance to $75-$80 million.
Montrose Environmental Group, Inc. (NYSE: MEG) has acquired Horizon Water and Environment, LLC, enhancing its environmental consulting capabilities in California. This acquisition, Montrose's fourth in the state this year, positions the company to deepen its expertise in water resource management and ecosystem services. Horizon specializes in regulatory compliance and watershed science, making it a strategic addition to Montrose's workforce. Key leaders from Horizon, including founder Kenneth Schwarz, will join Montrose to support its mission on the West Coast.
Montrose Environmental Group, Inc. (NYSE: MEG) will release its third quarter 2021 earnings on November 9, 2021, after market close. A conference call will be held on November 10 at 8:30 AM EST to discuss these results, followed by a Q&A session. Investors can participate by dialing in or via a live webcast available on Montrose's website. The company focuses on environmental services for commercial and government sectors, employing over 2000 staff globally.
Montrose Environmental Group (NYSE: MEG) has acquired Environmental Chemistry, Inc. (ECI), a full-service environmental laboratory in the Texas and Louisiana gulf coast region. The deal enhances Montrose’s analytical capabilities, integrating ECI into its Measurement and Analysis Segment under Enthalpy Analytical, LLC. ECI, founded in 1990, is known for its comprehensive environmental laboratory services. This acquisition aims to bolster Montrose's service offerings in water and soil testing, complementing its air capabilities and expanding its regional responsiveness.
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?
