Loading...
•
Dec 31, 2021
Montrose Q4 2021 Earnings Report
Montrose reported a revenue increase of 32.2% and a net loss of $1.5 million compared to a net income of $0.8 million in the prior year quarter.
Key Takeaways
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.
Fourth quarter revenue increased 32.2% compared to the prior year quarter.
Organic growth for core environmental services accelerated.
Six acquisitions in 2021 added talent and service capabilities.
The company is well positioned to continue performing well and creating shareholder value.
Forward Guidance
The Company is introducing its full year 2022 outlook for revenue to be in the range of $520.0 million to $570.0 million and Adjusted EBITDA to be in the range of $73.0 million to $78.0 million.
Positive Outlook
- Continued organic growth outperformance relative to the Company’s historical average of 7.0% - 9.0% (excluding CTEH).
- Revenue from CTEH to exceed $100.0 million due to some continuation of COVID-19 related services, which is higher than CTEH’s $75.0 - $95.0 million revenue run-rate but lower than CTEH’s 2021 performance.
- Strong demand for solutions.
- Tailwinds in the industry.
- Strong acquisition pipeline.
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...