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Sep 30, 2024
Montrose Q3 2024 Earnings Report
Montrose reported record results driven by continued demand and strategic advantages.
Key Takeaways
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.
Highest-ever total revenue of $178.7 million, an increase of 6.4%.
Net loss of $10.6 million, or $0.39 net loss per diluted share.
Record Consolidated Adjusted EBITDA of $28.3 million, an increase of 21.5%.
Reaffirms full-year 2024 guidance for total revenue of $690 million to $740 million, and Consolidated Adjusted EBITDA of $95 million to $100 million.
Revenue by Segment
Forward Guidance
The Company reaffirms its full year 2024 Revenue and Consolidated Adjusted EBITDA outlook. The Company expects Revenue to be in the range of $690 million to $740 million. Consolidated Adjusted EBITDA is expected to be in the range of $95 million to $100 million for the full year 2024.
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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