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Sep 30, 2023
Montrose Q3 2023 Earnings Report
Reported a 28.9% increase in revenue and a 36.2% increase in Consolidated Adjusted EBITDA.
Key Takeaways
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.
Revenue increased by 28.9% year-over-year to $167.9 million.
Net loss was $(7.5) million, or $(0.39) per share.
Consolidated Adjusted EBITDA increased by 36.2% year-over-year to $23.3 million.
The company reiterated full year 2023 revenue and Consolidated Adjusted EBITDA guidance.
Revenue by Segment
Forward Guidance
The Company reiterates its full year 2023 Revenue and Consolidated Adjusted EBITDA outlook. The Company expects Revenue to be in the range of $590 million to $640 million. Consolidated Adjusted EBITDA is expected to be in the range of $75 million to $81 million for the full year 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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