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Overview
Montrose Q3 revenue grows 25.9%, beating analyst expectations
Net income improved to $8.4 mln from a loss of $10.6 mln last year
Company raises 2025 revenue and EBITDA guidance, reflecting strong performance
Outlook
Montrose raises 2025 revenue guidance to $810 mln-$830 mln
Company boosts 2025 Consolidated Adjusted EBITDA guidance to $112 mln-$118 mln
Result Drivers
ORGANIC GROWTH - Strong organic revenue growth across all segments drove Q3 results
MARGIN EXPANSION - Improved margins in key segments contributed to increased income from operations
SERIES A-2 REDEMPTION - Elimination of Series A-2 dividends following redemption contributed to net income improvement
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $224.88 mln | $200.48 mln (6 Analysts) |
Q3 Net Income | $8.37 mln | ||
Q3 Income From Operations | $9.93 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Montrose Environmental Group Inc is $33.00, about 23.9% above its November 3 closing price of $25.10
Press Release: ID:nBw8CMrvba
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)