There are 8 companies in the Montrose Environmental Corporation corporate family. Adjusted EBITDA margin1 improved 270 basis points to 14.4%, compared to 11.7% in the prior year period. Net loss was $28.0 million, compared to a net loss of $5.6 million in the prior year period. Many of the delayed projects have subsequently been awarded and started. The increase in Adjusted EBITDA1 was primarily due to higher revenues and favorable shifts in business mix. Montrose Environmental Group has assembled the nation’s largest and most experienced environmental services company. Revenue (TTM) is a widely used stock evaluation measure. See the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Key Factors that Affect Our Business and Our Results” in our Quarterly Report on Form 10-Q for the three months ended June 30, 2020. I am thankful and grateful for the ongoing commitment of all our colleagues around the world. Montrose Environmental Group's key executives are Richard E. Perlman, Steven Eckard and Joshua Lemaire. In April 2020, the Company entered into a new $225 million credit facility, comprised of a $175 million term loan and a $50 million revolving credit facility, and used a portion of the proceeds to repay all amounts outstanding under the prior senior secured credit facility. Excluding contingent earnout payments cash flow from operations was $4.6 million, compared to $4.4 million in the prior year period, primarily driven by higher Adjusted EBITDA1 and working capital improvements, partly offset by higher interest expense and investments in new customer relationship management and enterprise resource management systems. Montrose Environmental Group's Annual Report & Profile shows critical firmographic facts: What is the company's size? Specifically, we are unable to estimate for the second half of 2020 the impact of certain items, including income tax (expense) benefit, stock-based compensation expense, fair value changes and the accounting for the issuance of the Series A-2 preferred stock. Remediation and Reuse segment provides engineering, design, implementation and operations and maintenance services. • Resilient revenue with repeat client base and diverse end markets • Consistent record of organic and inorganic annual growth • Strong cash flow generation and healthy balance sheet Montrose Environmental at a Glance Treating water contaminated with Per- and polyfluoroalkyl substances (PFAS) Managing air qualitythrough the Authorized, issued and outstanding shares: 12,000 at June 30, 2020 and December 31, 2019; aggregate liquidation preference of $152,199 and $141,898 at June 30, 2020, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK $0.0001, Authorized, issued and outstanding shares: 17,500 and 0 at June 30, 2020 and, December 31, 2019, respectively; aggregate liquidation preference of $179,600 and. The Company is providing a full year outlook for Adjusted EBITDA1 to be in the range of $47 million to $55 million, reflecting year-over-year growth of 63% at the mid-point. The Company expects 2020 to be another year of revenue growth in excess of 20%. Third Quarter 2020 Highlights. Montrose Environmental Group, Inc. has 1730 total employees across all of its locations and generates $233.85 million in sales (USD). Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Montrose Environmental Group shares (MEG) are listed on the NYSE and all prices are listed in US Dollars. IRVINE, Calif.-- (BUSINESS WIRE)-- Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the third quarter ended September 30, 2020 and an updated full year 2020 outlook. Find the latest Revenue (Quarterly) for Montrose Environmental Group Inc (MEG) With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. The Income Statement (earnings report) for Montrose Environmental Grp. CTEH is very additive to Montrose’s focus on technology and environmental infrastructure. Montrose Environmental Group's annual revenues are $100-$500 million (see exact revenue data) and has over 1,000 employees. Second Quarter 2020 Highlights. Montrose Environmental Group Inc. is based in Irvine, California. Additionally, we have provided estimates regarding Adjusted EBITDA and Adjusted EBITDA margin for 2020. Over the last four quarters, Montrose Environmental Group's revenue has decreased by 63.8%. Adjustments to reconcile net loss to net cash (used in) provided by operating activities: Fair value changes in the contingent put option, Fair value changes in the compound embedded option, Fair value changes in the contingent liabilities. For those who are unable to listen to the live broadcast, an audio replay of the conference call will be available on the Montrose website for 30 days. A live webcast of the conference call will be available in the Investor Relations section of the Montrose website at www.montrose-env.com. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) announced today that it will issue its third quarter 2020 earnings release on Thursday, November 12, 2020, after the close of trading on the New York Stock Exchange. Total revenue in the second quarter of 2020 increased 28.5% to $73.8 million, compared to $57.4 million in the prior year quarter. The Drivers Module shows relationships between Montrose Environmental's most relevant fundamental drivers and provides multiple suggestions of what could possibly affect the performance of Montrose Environmental Group over time as well as its relative position and ranking within its peers. Amount relates to changes in various financial options, which include the fair value of the contingent put option attached to the Series A-1 preferred stock and the warrant options attached to the Series A-1 and Series A-2 preferred stock, and changes in fair value of the Series A-2 preferred stock compound embedded derivative. Latest Montrose Environmental Group annual revenue is $233.9 m. Represent start-up losses related to losses incurred on (i) the expansion of lab testing methods and lab capacity, including into new geographies, (ii) expansion of our Canadian testing capacity in advance of new regulations and (iii) expansion into Europe in advance of projects driven by new regulations. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Total revenue in the first six months of 2020 increased 24.4% to $134.8 million, compared to $108.4 million in the prior year period. IRVINE, Calif.--(BUSINESS WIRE)-- Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Forward-looking statements may be identified by the use of words such as “intend,” “expect”, and “may”, and other similar expressions that predict or indicate future events or that are not statements of historical matters. However, we cannot reconcile our projection of Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, without unreasonable efforts because of the unpredictable or unknown nature of certain significant items excluded from Adjusted EBITDA and the resulting difficulty in quantifying the amounts thereof that are necessary to estimate net income (loss). We encourage investors and others to review our financial information in its entirety, not to rely on any single measure and to view Adjusted EBITDA and Adjusted EBITDA margin in conjunction with the related GAAP measures. In July 2020, Montrose completed its initial public offering of common stock, raising approximately $161.3 million, net of underwriting discounts and commissions. Total revenue of $84.7 million increased 47.0% compared to the prior year quarter. These non-GAAP measures do, however, have certain limitations and should not be considered as an alternative to net income (loss) or any other performance measure derived in accordance with GAAP. Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Rodny Nacier Montrose Environmental Group, Inc. ... Revenue grew to $26.6 million and adjusted EBITDA improved to $8.2 million. At Montrose Environmental, we promise to treat your data with respect and will not share your information with any third party. With our reinforced balance sheet and solid financial position, we plan to continue pursuing innovative and value-enhancing opportunities for our rapidly growing company. CASH, CASH EQUIVALENTS AND RESTRICTED CASH: SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION: SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING, Accrued purchases of property and equipment, Property and equipment purchased under capital leases, Accretion of the Redeemable Series A-1 Preferred Stock to redeemable value, Acquisitions unpaid contingent liabilities, Common stock issued to acquire new businesses, Offering costs included in accounts payable and other accrued liabilities. Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Adjusted EBITDA1 increased to $13.9 million, compared to $8.0 million in the prior year quarter. Total revenue of $84.7 million increased 47.0% compared to the prior year quarter If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. The company's operating segment consists Assessment, Permitting and Response; Measurement and … Second Quarter 2020 Highlights. ir@montrose-env.com Excluding discontinued services, which generated revenues of $3.8 million and $15.5 million in the 2020 and 2019 periods, respectively, total revenue increased 43.3%. Revenues in the Assessment, Permitting and Response segment increased significantly, mainly due to the acquisition of CTEH in April 2020. In April 2020, the Company acquired CTEH®, an Arkansas-based firm that primarily specializes in environmental emergency preparedness, response and recovery. Demand for the Company’s services remains resilient amid broader macro-economic uncertainty related to COVID-19. Montrose Environmental Group employs 1,700 staff and has a trailing 12-month revenue of around USD$287.4 million. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. The year-over-year difference in net loss primarily reflected an increase in net expenses from fair value adjustments and from amortization of intangibles on acquisitions, as well as an increase in interest expense, acquisition-related transaction costs and a loss from discontinued service lines. Total revenue of $73.8 … - Focused Execution and Resilient Demand Drive Solid Third Quarter Results - - Increases Full Year 2020 Growth Outlook - ... | November 12, 2020 Please check your download folder. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. From comprehensive air measurement and laboratory services to regulatory compliance, emergency response, permitting, engineering, and remediation, Montrose delivers innovative and practical solutions that keep its clients on top of their immediate needs – and well ahead of the strategic curve. Adjusted EBITDA1 increased 53.7% to $19.4 million, compared to $12.7 million in the prior year period. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the third quarter ended September 30, 2020 and an updated full year 2020 outlook. View source version on businesswire.com: Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of revenues for a given period. $0 at June 30, 2020 and December 31, 2019, respectively. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND, COST OF REVENUES (exclusive of depreciation and, SELLING, GENERAL AND ADMINISTRATIVE EXPENSE, ACCRETION OF REDEEMABLE SERIES A-1 PREFERRED, NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS, NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. Find the latest Revenue (TTM) for Montrose Environmental Group, Inc. (MEG) Company profile for Montrose Environmental Group Inc. including key executives, insider trading, ownership, revenue and average growth rates. The addition of CTEH and its over 170 highly credentialed employees is strategically additive to the Permitting, Response and Assessment segment and represents substantial potential revenue synergies for various service lines that are mainly in the Measurement and Analysis and Remediation and Reuse segments. The Company expects Adjusted EBITDA margin1 to be in the range of 16.0% to 17.5% for the full year 2020. It is classified as operating in the Management, Scientific & Technical Consulting Services industry. Acquisition costs include financial and tax diligence, consulting, legal, valuation, accounting, travel costs, acquisition-related incentives and fair value changes to contingent liabilities, which reflect the difference between the expected settlement value of acquisition-related earn-out payments at the time of the closing of acquisitions and the expected (or actual) value of earn-outs at the end of the relevant period. The environmental emergency response component of CTEH’s revenues may add to the Company’s quarterly earnings variability. The top 10 competitors average 612.4M. After submitting your request, you will receive an activation email to the requested email address. We calculate Adjusted EBITDA as net income (loss) before interest expense, income tax expense (benefit) and depreciation and amortization, adjusted for the impact of certain other items, including stock-based compensation expense and acquisition-related costs, as set forth in greater detail in the table below. Revenue: $100 to $500 million (USD) Competitors: UNKNOWN. Montrose@icrinc.com. What is Montrose Environmental Group revenue? Montrose Environmental fundamental comparison: Short Ratio vs Revenue. Cash outflow used by operations, which included $6.2 million in contingent earnout payments, was $1.6 million. Represents non-cash stock-based compensation expenses related to option awards issued to employees and restricted stock grants issued to directors. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Montrose Environmental Group, Inc. Common Stock (MEG) Revenue EPS : Previous 3 Years Next 3 Years. Changes in operating assets and liabilities—net of acquisitions: Prepaid expenses and other current assets, Payment of contingent consideration and other assumed purchase price obligations, Net cash (used in) provided by operating activities, Proceeds from net working capital adjustment related to acquisitions, Cash paid for acquisitions—net of cash acquired, Issuance of convertible and redeemable Series A-2 preferred stock and warrant, Net cash provided by financing activities, CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH. In addition to our results under GAAP, in this release we also present certain other supplemental financial measures of financial performance that are not required by, or presented in accordance with, GAAP, including Adjusted EBITDA and Adjusted EBITDA margin. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Overall, we believe that positive trends in our markets, solid execution of our strategy and continued new business wins provide us with a solid footing to achieve our goals in 2020 and beyond.”. Irvine, CA 92614. Vijay Manthripragada, Montrose’s Chief Executive Officer, stated, “We are pleased to have produced strong top line growth, continued margin improvement and strong cash generation during the second quarter and first half of 2020. Following the IPO and application of proceeds, Montrose had total debt of $182.3 million and $89.5 million of liquidity, including $39.5 million of cash and $50.0 million of availability on its credit facility, with a leverage ratio of 2.7 times as calculated pursuant to the Company's credit agreement. TOTAL LIABILITIES, REDEEMABLE SERIES A-1 PREFERRED STOCK, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS. Other adjustments which include a purchase accounting fair value adjustment to the carrying value of deferred revenue related to the ECT2 acquisition as of the date of acquisition, IPO preparation costs, non-operational charges incurred as a result of lease abandonments, and non-capitalizable expenses associated with the issuance of the Series A-2 Preferred Stock. Montrose Total Addressable Market is $395 Billion Revenue Adjusted EBITDA(1) Strategic acquisition opportunities in highly fragmented market Continued market share gains through cross-selling opportunities High-single digit average organic revenue growth since 2016 Multiple Levers to Drive Growth 39% 27% 19% 13% 2% Water Treatment Water Equipment In addition, Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similarly titled measures used by other companies in our industry or across different industries, and other companies may not present these or similar measures. IRVINE, Calif.--(BUSINESS WIRE)-- Montrose Environmental Revenue 2021-2020 | MEG. Cash flow from operations increased to $7.4 million, or $13.6 million excluding contingent earnout payments of $6.2 million, compared to $4.3 million in the prior year quarter, primarily driven by higher Adjusted EBITDA1 and working capital improvements. (646) 361-1427 Back to MEG Overview ©2020, EDGAR®Online, a division of … Adjusted EBITDA and Adjusted EBITDA margin are two of the primary metrics used by management to evaluate our financial performance and compare it to that of our peers, evaluate the effectiveness of our business strategies, make budgeting and capital allocation decisions and in connection with our executive incentive compensation. The increase in revenues was due to growth in the Measurement and Analysis segment and growth in the Remediation and Reuse segment, partly attributable to acquisitions. The increase in Adjusted EBITDA1 was primarily driven by higher revenues and favorable shifts in business mix. Third Quarter 2020 Highlights. The company's operating segment consists Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. Common stock, $0.000004 par value; authorized shares: 25,000,000; issued and, outstanding shares: 9,164,746 and 8,370,107 at June 30, 2020 and. Management compensates for these limitations by using these measures as supplemental financial metrics and in conjunction with our results prepared in accordance with GAAP. Excluding discontinued services, which generated revenues of $1.3 million and $5.8 million in the 2020 and 2019 quarters, respectively, total revenue increased 40.5%. - Delivered Strong Second Quarter Results and Cash Flow Performance -, - Completed Initial Public Offering in July 2020 -, - Provides Full Year 2020 Double-Digit Growth Outlook -. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Media Relations: Our team executed well, worked hard to support each other and met the needs of our customers during the COVID-19 pandemic. 1 Park Plaza, Suite 1000 Investors are referred to the Company’s filings with the Securities and Exchange Commission, including its final prospectus dated July 22, 2020, for additional information regarding the risks and uncertainties that may cause actual results to differ materially from those expressed in any forward-looking statement. See the appendix to this release for a discussion of these measures, including how they are calculated and the reasons why we believe they provide useful information to investors, and a reconciliation of Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure. By providing your email address below, you are providing consent to Montrose Environmental to send you the requested Investor Email Alert updates. Reconciliation of Net Loss to Adjusted EBITDA, Start-up losses and investment in new services (2), Acquisition costs and fair value changes to contingent liabilities (3), Fair value changes in contingent put option, warrant options and compounded embedded option (4). These increases were driven by … Specifically, in Q3 2020's revenue was $84.7M; in Q2 2020, it was $73.8M; in Q1 2020, it was $51M; in Q4 2019, Montrose Environmental Group's revenue was $233.9M. The conference call will also be accessible by dialing 1-877-407-9208 (Domestic) and 1-201-493-6784 (International). Montrose Environmental revenue from 2021 to 2020. The environment is our business and the aggregate demand for our services has remained firm during these challenging times, so we remain optimistic about the strong trajectory and outlook for our business.”, Mr. Manthripragada continued, “In July 2020, we completed our initial public offering and listing on the New York Stock Exchange. Montrose is a leading environmental services company focused on supporting commercial and government organizations as they deal with the challenges of today, and prepare for what’s coming tomorrow. https://www.businesswire.com/news/home/20200831005693/en/, Investor Relations: These measures are also frequently used by analysts, investors and other interested parties to evaluate companies in our industry. IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Montrose Environmental Group Inc. provides environmental services principally in the United States. Our member companies are recognizable brands and decorated professionals … Forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect future events, developments or otherwise, except as may be required by applicable law. View detailed MEG description & address. We have provided a few examples below that you can copy and paste to your site: Your image export is now complete. You must click the activation link in order to complete your subscription. We expect the variability of these items could have a significant impact on our reported GAAP financial results. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced the acquisition of MSE Group ("MSE"), a leading provider of environmental … Montrose Environmental Group Announces Second Quarter 2020 Results, https://www.businesswire.com/news/home/20200831005693/en/, Total revenue of $73.8 million increased 28.5% compared to the prior year quarter, Net income of $13.2 million compared to a net loss of $0.3 million in the prior year quarter, Second quarter cash flow from operations of $7.4 million, or $13.6 million excluding contingent earnout payments, up from $4.3 million in the prior year quarter, Total revenue of $134.8 million increased 24.4% compared to the prior year period, Net loss of $28.0 million compared to a net loss of $5.6 million in the prior year period. Net income was $13.2 million, compared to a net loss of $0.3 million in the prior year quarter. The increase in revenues was driven by growth in the Measurement and Analysis segment and growth in the Remediation and Reuse segment, partly attributable to acquisitions. Revenue (Quarterly) is a widely used stock evaluation measure. Industry Information Montrose Environmental Group, Inc. is located in Irvine, CA, United States and is part of the Environmental Consulting Services Industry. For a detailed definition, formula and example for. LIABILITIES, REDEEMABLE SERIES A-1 PREFERRED STOCK, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK AND, Accounts payable and other accrued liabilities, Business acquisitions contingent consideration, Long-term debt—net of deferred financing fees, REDEEMABLE SERIES A-1 PREFERRED STOCK $0.0001 PAR VALUE—. For more information, visit montrose-env.com. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Please check your download folder. These projections account for estimates of revenue, operating margins and corporate and other costs. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Montrose Environmental Corporation is located in Irvine, CA, United States and is part of the Testing Laboratories Industry. Measurement and Analysis segment tests and analyzes air, water and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna and human health. As of June 30, 2020, the Company had cash of $44.8 million and total debt of $207.3 million. Further, we believe they are helpful in highlighting trends in our operating results because they allow for more consistent comparisons of financial performance between periods by excluding gains and losses that are non-operational in nature or outside the control of management, as well as items that may differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which we operate and capital investments. Find the company's financial performance, revenue, and more. Doug Donsky The year-over-year change was primarily driven by a net gain related to a fair value adjustments, partially offset by increases in interest expense, amortization of intangibles on acquisitions, acquisition-related transaction costs, and a loss from discontinued service lines. Montrose Environmental Group, Inc. The Company’s senior management will host a webcast and conference call on Monday, August 31, 2020 at 5:00 p.m. Eastern time to discuss second quarter financial results. Revenue; Business Services: Waste Removal Services: $0.721B: $0.000B: Montrose Environmental Group Inc. provides environmental services principally in the United States. (1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. Growth in all segments was partly offset by temporary delays in project start dates due to the impact of shelter-in-place orders and travel restrictions related to COVID-19. Shares ( MEG ) revenue EPS: Previous 3 Years see exact revenue data ) and 1-201-493-6784 International. Top 10 competitors average 612.4M margin represents Adjusted EBITDA margin1 to be, amplified by the COVID-19.. And all prices are listed in US Dollars balance sheet and solid position... 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