Loading...
•
Dec 31, 2020
Montrose Q4 2020 Earnings Report
Montrose reported strong results driven by growing demand for innovative environmental solutions.
Key Takeaways
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.
Fourth quarter revenue increased 60.2% compared to the prior year quarter.
Fourth quarter net income was $0.8 million, compared to a net loss of $11.3 million in the prior year quarter.
Fourth quarter Adjusted EBITDA increased to $18.3 million, compared to $10.5 million in the prior year quarter.
Fourth quarter adjusted EBITDA margin improved to 16.8% compared to 15.5% in the prior year quarter.
Forward Guidance
The Company is introducing its full year 2021 outlook for Adjusted EBITDA1 to be in the range of $61 million to $67 million, reflecting anticipated year-over-year revenue growth of approximately 20% at the mid-point. The Company expects Adjusted EBITDA margin1 to be in the range of 16.0% to 17.0% for full year 2021.
Positive Outlook
- Anticipated year-over-year revenue growth of approximately 20% at the mid-point.
- Adjusted EBITDA margin1 to be in the range of 16.0% to 17.0% for full year 2021.
- Mid-to-high single digit organic growth
- Contribution of completed acquisitions
- Expect to meet or exceed 20% revenue growth threshold in 2021
Challenges Ahead
- Outlook does not include any benefit from future acquisitions that have not yet been completed.
- Variability of certain items could have a significant impact on our reported GAAP financial results.
- Unable to estimate for the future 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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...