MEG
Montrose Environmental Group, Inc.26.40
-0.60-2.22%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
932.91MP/E (TTM)
-Basic EPS (TTM)
-0.84Dividend Yield
0%Recent Filings
10-K
FY2025 results
Montrose Environmental Group drove FY2025 revenue to $830.5M, up 19.3% y/y, fueled by 12.7% organic growth across segments and $29M higher emergency response in Assessment, Permitting and Response, which hit 37% of total revenue. Q4 momentum accelerated with 43.1% segment growth there versus Q3, while Measurement and Analysis margins expanded to 26.2% on operating leverage; Remediation margins slipped to 13.1% from renewables losses. Operating cash flow surged to $107.5M. Debt stands at $288.3M with $214M revolver capacity. No 2026 guidance disclosed. Emergency response volatility looms large.
8-K
Record revenue, raised 2026 guidance
Montrose Environmental Group reported record 2025 revenue of $830.5 million, up 19.3% from 2024, with Consolidated Adjusted EBITDA surging 21.3% to $116.2 million at 14.0% margins. Cash from operations hit $107.5 million; leverage fell to 2.5x after redeeming $122.2 million Series A-2 Preferred Stock. Guidance calls for $840-900 million revenue and $125-130 million Adjusted EBITDA in 2026, excluding acquisitions. Balance sheet strengthened.
8-K
COO Laws appointed
Montrose Environmental Group appointed James Laws as COO effective January 19, 2026, bringing 25 years of environmental industry experience from AECOM, where he led up to 2,500 staff across key practices. Laws gets $525,000 base salary, 100% target bonus, and $500,000 RSUs vesting over three years. New ops leader joins seamlessly.
10-Q
Q3 FY2025 results
Montrose turned profitable in Q3 with revenues up 25.9% y/y to $224.9M, driven by Assessment, Permitting and Response surging 75.1% y/y on remediation consulting cross-sold from emergency response; operating income flipped to $9.9M from a $1.2M loss. Diluted EPS hit $0.21, confirmed against 39.9M shares with no anti-dilution flagged. Cash from operations reached $55.5M YTD, funding full Series A-2 redemption and boosting debt to $313.6M under the new 2025 Credit Facility (due 2030, 2.7x leverage, compliant). Free cash flow not disclosed in the 10-Q. Highly competitive pressures persist.
8-K
Record Q3 revenue, raised guidance
Montrose Environmental Group posted record Q3 revenue of $224.9 million, up 25.9% year-over-year, with Consolidated Adjusted EBITDA rising 18.9% to $33.7 million at 15.0% margin. Nine-month revenue hit $637.3 million, up 25.6%, driving $92.3 million Adjusted EBITDA and $55.5 million operating cash flow. Fully redeemed $62.2 million Series A-2 Preferred Stock on July 1, simplifying capital structure. Raised 2025 guidance to $810-830 million revenue and $112-118 million Adjusted EBITDA; 2026 outlook at or above $125 million.
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