Montrose Environmental Group reported record full-year revenue and cash flow, though Q4 saw a slight decline in Adjusted EBITDA due to segment mix and project timing. The company successfully redeemed its Series A-2 Preferred Stock and plans to resume strategic acquisitions in 2026.
Montrose Environmental Group achieved another record quarter in Q3 2025, with significant revenue growth and a return to net income profitability. The company's strong performance was driven by organic growth across all segments and improved operating leverage, leading to increased full-year guidance for both revenue and Adjusted EBITDA.
Montrose Environmental Group achieved record second quarter 2025 results, with revenue increasing by 35.3% to $234.5 million and net income improving significantly to $18.4 million. The company also saw substantial growth in Adjusted Net Income and Consolidated Adjusted EBITDA, demonstrating strong operational performance and margin expansion. This robust performance led to an increase in full-year 2025 guidance for both revenue and Adjusted EBITDA.
Montrose Environmental Group reported strong first quarter 2025 results with record revenue, Consolidated Adjusted EBITDA, and operating cash flow. The company increased its full-year 2025 Adjusted EBITDA guidance and announced a stock repurchase program, demonstrating confidence in its performance and commitment to shareholder value.
Montrose Environmental Group achieved record fourth quarter and full year 2024 financial and operating performance, with significant increases in revenue and Adjusted EBITDA. The company's success was attributed to continued demand for environmental expertise and technology, cross-selling, customer retention, improved operating efficiencies, and successful integration of acquisitions.
Montrose Environmental Group reported a record third quarter with a 6.4% increase in total revenue, reaching $178.7 million. The company's Consolidated Adjusted EBITDA increased by 21.5% to $28.3 million. However, the company reported a net loss of $10.6 million, or $0.39 net loss per diluted share.
Montrose Environmental Group reported record second quarter results, with total revenue of $173.3 million, an increase of 8.9% compared to the prior year quarter. The company's Consolidated Adjusted EBITDA was $23.3 million, an increase of 10.0% compared to the prior year quarter. The company reaffirms full-year 2024 guidance for total revenue of $690 million to $740 million, and Consolidated Adjusted EBITDA of $95 million to $100 million.
Montrose Environmental Group announced record first quarter revenue of $155.3 million, an 18% increase year-over-year. The company reported a net loss of $13.4 million, or $0.53 per share. They reiterated their full year 2024 revenue and Consolidated Adjusted EBITDA guidance.
Montrose Environmental Group reported an 18.8% increase in Q4 revenue to $165.7 million, driven by acquisitions and organic growth across segments. Net loss decreased to $(1.4) million, with Adjusted Net Income at $10.6 million and Consolidated Adjusted EBITDA at $17.5 million.
Montrose Environmental Group reported strong Q3 2023 results with a 28.9% increase in revenue to $167.9 million and a 36.2% increase in Consolidated Adjusted EBITDA to $23.3 million. The company's margin profile improved, and operating cash flow generation was robust. They reiterated their full year 2023 revenue and Consolidated Adjusted EBITDA guidance.
Montrose Environmental Group announced strong second quarter performance with record levels of revenue and Consolidated Adjusted EBITDA, driven by robust demand across most business lines. The company is raising its full year revenue and Consolidated Adjusted EBITDA guidance.
Montrose Environmental Group reported a net loss of $14.7 million but achieved a Consolidated Adjusted EBITDA of $16.6 million. The company experienced solid organic growth across multiple business lines, particularly in consulting and testing services. Due to strong business momentum, Montrose is increasing its Consolidated Adjusted EBITDA outlook for the year.
Montrose Environmental Group reported a decrease in total revenue for Q4 2022 to $139.5 million compared to $143.8 million in the prior year quarter, primarily due to lower demand for COVID-19 related services provided by CTEH. Excluding CTEH revenues, revenue increased by 10.6%. The company reported a net loss of $(10.8) million, or a loss of $(0.50) per share, compared to a net loss of $(1.5) million in the prior year quarter.
Montrose Environmental Group reported a decrease in revenue for Q3 2022 compared to the prior year, primarily due to lower demand for COVID-19 related services. However, the company experienced strong organic growth in its Measurement and Analysis and Remediation and Reuse segments. The company is maintaining its full year revenue and Consolidated Adjusted EBITDA outlook.
Montrose Environmental Group reported a revenue increase of 2.7% to $139.9 million in Q2 2022 compared to $136.2 million in the prior year quarter. The increase was primarily driven by organic growth in the Measurement and Analysis and Remediation and Reuse segments, partially offset by lower COVID-19-related services provided by CTEH.
Montrose Environmental Group's first quarter 2022 total revenue increased by 0.6% to $134.7 million compared to the prior year, driven by organic growth in Water, Renewable Energy, and GHG measurement services, offsetting a decline in CTEH COVID-19-related revenue. The net loss was $7.5 million, improved from $12.9 million in the prior year. The Total Operating Segments Adjusted EBITDA margin increased to 17.8%.
Montrose Environmental Group announced record full year revenue, organic growth, earnings, and cash flow. Fourth quarter revenue increased by 32.2% to $143.8 million, driven by organic growth in Measurement and Analysis and Remediation and Reuse segments, offset by lower CTEH revenues. Net loss for the quarter was $1.5 million, compared to a net income of $0.8 million in the prior year quarter.
Montrose Environmental Group reported a strong third quarter in 2021, with a 56.5% increase in total revenue to $132.6 million. The company achieved a net income of $2.2 million, a significant improvement from the prior year's net loss of $30.7 million. Adjusted EBITDA increased by 28.6% to $21.5 million, although the Adjusted EBITDA margin declined to 16.2%.
Montrose Environmental Group reported an 84.7% increase in total revenue to $136.2 million compared to the prior year quarter. However, the company experienced a net loss of $14.5 million, contrasting with a net income of $13.2 million in the prior year quarter, attributed to non-cash fair value adjustments and debt refinancing expenses. Adjusted EBITDA increased by 50.9% to $21.0 million.
Montrose Environmental Group reported a strong first quarter in 2021, with revenue increasing by 119.3% to $133.8 million and a net loss of $11.6 million. The company's Adjusted EBITDA increased by 202.5% to $16.8 million, with the Adjusted EBITDA margin improving to 12.6%.
Montrose Environmental Group announced strong Q4 and full year 2020 results. Q4 revenue increased by 60.2% compared to the prior year quarter, and the company generated net income and record Adjusted EBITDA and Adjusted EBITDA margin. The company also provided full year 2021 outlook.