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Mar 31, 2023
Montrose Q1 2023 Earnings Report
Announced strong first quarter results with operating segment adjusted EBITDA growth and solid margin expansion.
Key Takeaways
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.
Strong growth and margin improvement in Operating Segment Adjusted EBITDA and Consolidated Adjusted EBITDA.
Experienced solid organic growth across multiple business lines, particularly in consulting and testing services.
Multi-year outlook for remediation and reuse segment remains robust.
Increased Consolidated Adjusted EBITDA outlook for the year.
Revenue by Segment
Forward Guidance
The Company has increased its expectation of full year 2023 Consolidated Adjusted EBITDA to be in the range of $70 million to $76 million. Expectations for the full year 2023 revenue range are unchanged at $550 million to $600 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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