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Montrose Environmental Group (MEG)
NYSE:MEG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.39Last Year’s EPS
-0.53Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 13.93%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
Montrose Environmental Group achieved record revenue and strong organic growth in 2024, with significant international expansion and a solid financial position. However, challenges included lower environmental emergency response revenue and cash flow issues due to outstanding receivables. The overall sentiment is balanced, reflecting positive growth metrics alongside financial challenges.Company Guidance
During Montrose Environmental Group's fourth-quarter 2024 earnings call, the company provided guidance for 2025, anticipating revenue between $735 million and $785 million, and consolidated adjusted EBITDA ranging from $101 million to $108 million. This guidance reflects confidence in continued organic growth, projected at 7% to 9% annually, and improved margins. The company highlighted a 24% CAGR in revenue since 2019 and a consolidated adjusted EBITDA margin increase of 120 basis points to 13.8% in 2024. Montrose also emphasized its strong balance sheet with a leverage ratio of 2.1x and plans to optimize its capital structure by redeeming $60 million of preferred stock in April 2025 and the remaining $62 million by year-end. The company expects its cash flow conversion rate to exceed 50% and noted a third consecutive year of 96% revenue retention.Record-Breaking Revenue and Growth
Montrose achieved 2024 revenue of $696.4 million and consolidated adjusted EBITDA of $95.8 million, both record highs. The company's revenue has grown at a 24% CAGR since 2019, with an adjusted EBITDA margin expansion of 120 basis points to 13.8%.
Strong Organic Growth and Customer Retention
The company reported robust organic revenue growth of 8.3% and a third consecutive year with a 96% revenue retention rate. Cross-selling improved to 53% of 2024 revenue, up from 51% in the prior year.
Positive International Performance
Approximately 20% of Montrose's revenue originated from Canada, Australia, and Europe, marking a significant increase from only 4% international revenue in 2021.
Solid Financial Position and New Credit Facility
Montrose's leverage ratio reduced to 2.1x, and they finalized a new credit agreement expanding borrowing capacity to $500 million with slightly lower interest rates.
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MEG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MEG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $17.44 | $23.13 | +32.63% |
| Nov 06, 2024 | $24.39 | $23.67 | -2.95% |
| Aug 06, 2024 | $29.27 | $29.32 | +0.17% |
| May 07, 2024 | $47.57 | $43.27 | -9.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Montrose Environmental Group (MEG) report earnings?
Montrose Environmental Group (MEG) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Montrose Environmental Group (MEG) earnings time?
Montrose Environmental Group (MEG) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MEG EPS forecast?
MEG EPS forecast for the fiscal quarter 2025 (Q1) is -0.39.
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