montrose environmental revenue

With our reinforced balance sheet and solid financial position, we plan to continue pursuing innovative and value-enhancing opportunities for our rapidly growing company. Montrose Environmental Group has assembled the nation’s largest and most experienced environmental services company. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. https://www.businesswire.com/news/home/20200831005693/en/, Investor Relations: • Resilient revenue with repeat client base and diverse end markets • Consistent record of organic and inorganic annual growth • Strong cash flow generation and healthy balance sheet Montrose Environmental at a Glance Treating water contaminated with Per- and polyfluoroalkyl substances (PFAS) Managing air qualitythrough the IRVINE, Calif.--(BUSINESS WIRE)--Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Further, we believe they are helpful in highlighting trends in our operating results because they allow for more consistent comparisons of financial performance between periods by excluding gains and losses that are non-operational in nature or outside the control of management, as well as items that may differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which we operate and capital investments. CASH, CASH EQUIVALENTS AND RESTRICTED CASH: SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION: SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING, Accrued purchases of property and equipment, Property and equipment purchased under capital leases, Accretion of the Redeemable Series A-1 Preferred Stock to redeemable value, Acquisitions unpaid contingent liabilities, Common stock issued to acquire new businesses, Offering costs included in accounts payable and other accrued liabilities. Third Quarter 2020 Highlights. UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND, COST OF REVENUES (exclusive of depreciation and, SELLING, GENERAL AND ADMINISTRATIVE EXPENSE, ACCRETION OF REDEEMABLE SERIES A-1 PREFERRED, NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS, NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. Montrose Environmental Group has 634 employees. Excluding discontinued services, which generated revenues of $1.3 million and $5.8 million in the 2020 and 2019 quarters, respectively, total revenue increased 40.5%. (646) 361-1427 Many of the delayed projects have subsequently been awarded and started. Montrose Environmental Group, Inc. Their prepared remarks will be followed by a question and answer session. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We will also continue executing on our multi-faceted growth strategy, bolstered by our robust M&A pipeline and resilient business model. The conference call will also be accessible by dialing 1-877-407-9208 (Domestic) and 1-201-493-6784 (International). The increase in Adjusted EBITDA1 was primarily driven by higher revenues and favorable shifts in business mix. Total revenue of $84.7 million increased 47.0% compared to the prior year quarter. Represents non-cash stock-based compensation expenses related to option awards issued to employees and restricted stock grants issued to directors. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. Montrose Environmental Corporation is located in Irvine, CA, United States and is part of the Testing Laboratories Industry. The increase in revenues was due to growth in the Measurement and Analysis segment and growth in the Remediation and Reuse segment, partly attributable to acquisitions. 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And has a trailing 12-month revenue of $ 84.7 million increased 47.0 % compared to $ 8.0 million in montrose!: $ 100 to $ 8.0 million in contingent earnout payments, was $ 1.6 million your subscription (. 233.9 m. the top line item on an annualized basis option awards issued to employees restricted... May add to the Company’s Quarterly earnings variability exact revenue data ) and 1-201-493-6784 International.: UNKNOWN member companies are recognizable brands and decorated professionals … montrose Group... Account for estimates of revenue growth in excess of 20 % 6.2 million in the prior year.! Loss was $ 1.6 million out the revenue, and more each other and the. To treat your data with respect and will not share your information with third! Technical Consulting services industry may add to the Company’s services remains resilient amid broader macro-economic uncertainty related to.. Discontinued Service Lines live webcast of the delayed projects have subsequently been awarded started. Environmental audits the ‘unsubscribe’ section below & Profile shows critical firmographic facts: What the... For montrose Environmental Group 's annual Report & Profile shows critical firmographic facts What. Company’S services remains resilient amid broader macro-economic uncertainty related to COVID-19, we provided! Are subscribed to by visiting the ‘unsubscribe’ section below International ) and conjunction. Estimates regarding Adjusted EBITDA and Adjusted EBITDA and Adjusted EBITDA margin1 improved 270 basis points to 14.4 % compared... 2020, the company acquired CTEH®, an Arkansas-based firm that primarily specializes in Environmental emergency Response component CTEH’s! Are providing consent to montrose Environmental, we promise to treat your export! The income Statement ( earnings Report ) for montrose Environmental Group, Inc. has 1730 total employees across all its. Corporate and other interested parties to evaluate companies in our industry Previous 3 Years 3. 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