Montrose Environmental Group, Inc.
Description
Montrose Environmental Group, Inc. operates as an environmental services company in the United States, Canada, and internationally. The company operates in three segments: Assessment, Permitting and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments; environmental emergency response and recovery; toxicology consulting and environmental audits and permits for current operations; facility upgrades; new projects; decommissioning projects; and development projects. This segment also offers technical advisory and consulting services, including regulatory compliance support and planning, environmental, ecosystem and toxicological assessments, and support during responses to environmental disruptions. The Measurement and Analysis segment tests and analyzes air, water, and soil to determine concentrations of contaminants, as well as the toxicological impact of contaminants on flora, fauna, and human health. Its services include source and ambient air testing and monitoring, leak detection, and advanced analytical laboratory services, such as storm water, wastewater, and drinking water analysis. The Remediation and Reuse segment provides engineering, design, implementation, and operations and maintenance services primarily to treat contaminated water, remove contaminants from soil, or create biogas from waste. The company serves financial, oil and gas, utilities, construction, automotive, real-estate, midstream energy, manufacturing, commodities, petrochemical, food and beverage, telecommunications, and engineering industries, as well as local, state, provincial, and federal government entities. Montrose Environmental Group, Inc. was founded in 2012 and is headquartered in North Little Rock, Arkansas.
About
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Feb 26, 2025 | -0.09 | — | — | — |
| Nov 7, 2024 | -0.09 | -0.39 | -0.30 | 333.33% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 3 |
| Average estimate | — | 0.00 | — | 0.97 |
| Low estimate | — | 0.00 | — | 0.70 |
| High estimate | — | 0.00 | — | 1.41 |
| Last year EPS | — | 0.16 | — | 0.95 |
Growth estimates
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 624.21M | 544.42M | 546.41M | 328.24M | 233.85M |
| Cost of revenue | 383.90M | 351.88M | 369.03M | 215.49M | 163.98M |
| Gross profit | 240.31M | 192.53M | 177.39M | 112.75M | 69.87M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 222.86M | 176.30M | 117.66M | 85.55M | 49.72M |
| Other operating expenses | — | — | — | — | 448,000 |
| Operating income | -28.34M | -31.24M | 14.92M | -10.07M | -7.55M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 7.79M | 5.24M | 11.62M | 13.82M | 6.76M |
| Other income expense | 4.29M | 6.91M | -26.92M | -33.21M | -12.37M |
| Pretax income | -31.84M | -29.57M | -23.62M | -57.10M | -26.68M |
| Tax provision | -980,000 | 2.25M | 1.71M | 851,000 | -3.12M |
| Net income | -30.86M | -31.82M | -25.33M | -57.95M | -23.56M |
| Basic EPS | -1.57 | -1.62 | -1.56 | -6.48 | -2.06 |
| Diluted EPS | -1.57 | -1.62 | -1.56 | -6.48 | -2.06 |
| Basic average shares | 30.06M | 29.69M | 26.72M | 16.48M | 20.91M |
| Diluted average shares | 30.06M | 29.69M | 26.72M | 16.48M | 20.91M |
| EBITDA | 32.01M | 29.21M | 65.33M | 6.94M | 9.17M |
| Net income from continuing op. | -30.86M | -31.82M | -25.33M | -57.95M | -23.56M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | 17.60M | 19.62M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 816.79M | 791.91M | 833.09M | 602.73M | 331.84M |
| Current assets | |||||
| Cash | — | — | 146.25M | 34.39M | 6.41M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 23.24M | 89.83M | 146.74M | 34.39M | 6.41M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 112.36M | 94.71M | 98.51M | 54.10M | 45.93M |
| Other receivables | 51.63M | 52.40M | 40.14M | 38.58M | 13.61M |
| Inventory | 3.82M | 3.63M | 2.44M | 2.49M | 2.37M |
| Prepaid assets | 9.85M | 6.66M | 5.52M | 4.22M | 2.01M |
| Restricted cash | — | — | 487,000 | 495,000 | 473,000 |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | 3.61M |
| Non current assets | |||||
| Properties | 116.24M | 97.99M | 86.21M | 50.81M | 44.73M |
| Land and improvements | 1.09M | 725,000 | 725,000 | 725,000 | — |
| Machinery furniture equipment | 21.31M | 9.50M | 9.19M | 17.09M | 12.19M |
| Construction in progress | 3.96M | 3.15M | 2.34M | 219,000 | 796,000 |
| Leases | 10.81M | 8.58M | 7.27M | 6.77M | 5.95M |
| Accumulated depreciation | -56.81M | -51.00M | -44.71M | -44.19M | -36.64M |
| Goodwill | 869.71M | 789.84M | 784.89M | 704.19M | 356.67M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 140.81M | 142.11M | 161.00M | 154.85M | 102.55M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 8.27M | 6.09M | 2.30M | 4.54M | 1.96M |
| Total liabilities | 495.53M | 478.73M | 516.59M | 465.58M | 358.13M |
| Current liabilities | |||||
| Accounts payable | 31.05M | 25.35M | 24.17M | 15.48M | 15.03M |
| Accrued expenses | 32.27M | 26.66M | 27.44M | 27.23M | 18.32M |
| Short term debt | 28.12M | 23.70M | 21.34M | 5.58M | 7.14M |
| Deferred revenue | 8.13M | 18.55M | 27.91M | 6.11M | 3.31M |
| Tax payable | — | — | — | 256,000 | — |
| Pensions | 18.45M | 8.62M | 13.44M | 5.42M | 3.45M |
| Other current liabilities | 8.27M | 8.56M | 33.41M | 51.46M | 26.00M |
| Non current liabilities | |||||
| Long term debt | 182.22M | 178.42M | 184.43M | 170.32M | 145.05M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 6.06M | 5.74M | 4.01M | 2.82M | 3.53M |
| Derivative product liabilities | 19.02M | 25.73M | 23.08M | 20.89M | 7.10M |
| Other non current liabilities | 9.02M | 4.47M | 4.45M | 7.09M | 379,000 |
| Shareholders equity | |||||
| Common stock | — | — | — | — | — |
| Retained earnings | -210.36M | -179.50M | -147.68M | -122.35M | -64.40M |
| Other shareholders equity | -223,000 | 8,000 | 36,000 | 71,000 | -40,000 |
| Total shareholders equity | 321.25M | 313.19M | 316.50M | 137.15M | -26.29M |
| Additional paid in capital | 531.83M | 492.68M | 464.14M | 259.43M | 38.15M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Net Income | -30.86M | -31.82M | -25.33M | -57.95M | -23.56M | -16.49M |
| Depreciation | 55.97M | 56.77M | 52.96M | 37.27M | 27.71M | 23.92M |
| Deferred Taxes | -980,000 | 2.25M | 1.71M | 851,000 | -3.12M | -4.97M |
| Stock-Based Compensation | 47.27M | 43.29M | 10.32M | 4.85M | 4.35M | 5.79M |
| Other Non-Cash Items | -611,000 | -22.34M | 8.55M | 6.83M | 1.59M | 1.11M |
| Accounts Receivable | -2.92M | 4.39M | -36.16M | -19.20M | -6.59M | -10.00M |
| Accounts Payable | -8.91M | -9.88M | 24.00M | 601,000 | 6.09M | -2.20M |
| Other Assets & Liabilities | -10.49M | -8.94M | -8.21M | -9.57M | -1.61M | — |
| Operating Cash Flow | 48.46M | 33.74M | 27.84M | -36.32M | 4.85M | -2.84M |
| Investing Activities | ||||||
| Capital Expenditures | -28.61M | -9.41M | -6.29M | -7.76M | -4.43M | -3.61M |
| Net Intangibles | -3.35M | -593,000 | -699,000 | -570,000 | -21,000 | -337,000 |
| Net Acquisitions | -66.19M | -28.63M | -55.73M | -173.92M | -81.37M | -45.84M |
| Purchase of Investments | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — |
| Investing Cash Flow | -95.65M | -38.09M | -70.94M | -179.74M | -86.96M | -49.95M |
| Financing Activities | ||||||
| Long-Term Debt Issuance | 10.94M | — | 175.00M | 175.00M | 146.34M | 144.72M |
| Long-Term Debt Payments | -17.39M | -12.72M | -285.62M | -255.02M | -72.40M | -173.93M |
| Other Financing Charges | -1.95M | -11.29M | -12.90M | -15.03M | -991,000 | -34.29M |
| Financing Cash Flow | -24.80M | -40.41M | 29.87M | 3.51M | 72.51M | 72.22M |
| Other Cash Details | ||||||
| End Cash Position | 23.24M | 89.83M | 146.74M | 34.88M | 6.88M | 2.49M |
| Income Tax Paid | 997,000 | 789,000 | 412,000 | 171,000 | 1.21M | 596,000 |
| Interest Paid | 8.06M | 6.51M | 5.01M | 11.95M | 5.89M | 7.92M |
| Free Cash Flow | 23.09M | 10.47M | 30.00M | -5.91M | 12.33M | -6.95M |
Article
Article
Article
