NYSE$ONT
Montrose Environmental Group Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Montrose Environmental Group announced results for the first quarter ended March 31, 2021, with a significant increase in revenue and improved profitability.
Montrose Environmental Group reported a strong first quarter in 2021, with revenue increasing by 119.3% to $133.8 million and a net loss of $11.6 million. The company's Adjusted EBITDA increased by 202.5% to $16.8 million, with the Adjusted EBITDA margin improving to 12.6%.
- Total revenue increased by 119.3% compared to the prior year quarter, reaching $133.8 million.
- Net loss improved to $11.6 million compared to a net loss of $41.2 million in the prior year quarter.
- Adjusted EBITDA increased by 202.5% compared to the prior year quarter, reaching $16.8 million.
- Adjusted EBITDA margin improved to 12.6% compared to 9.1% in the prior year quarter.
Headline financials
Revenue & EPS history
Montrose · Revenue · Quarterly
$134M
Revenue by segment
Montrose · $111M total across 2 segments · Q3 2023
- Remediation and Reuse$60.5M—54.5%
- Measurement and Analysis$50.5M—45.5%
Forward guidance
The Company expects full year 2021 Adjusted EBITDA to be in the range of $63.0 million to $70.0 million, which is increased from its prior full year 2021 guidance of $61.0 million to $67.0 million in Adjusted EBITDA.
Tailwinds
- Anticipated year-over-year revenue growth in excess of 20.0% at the mid-point.
- Outlook based on a combination of mid-to-high single digit organic growth plus the contribution of completed acquisitions.
- Expect to continue adding strategically and financially accretive acquisitions
- Strong start to the year
- Strength across its segments
Headwinds
- The outlook does not include any benefit from future acquisitions that have not yet been completed.
- Demand for environmental services does not follow fiscal quarter patterns, the Company’s business is best assessed on yearly results.
- Cannot reconcile projection of Adjusted EBITDA to net income (loss)
- Unable to estimate for the future impact of certain items, including income tax (expense) benefit, stock-based compensation expense, fair value changes and the accounting for the issuance of the Series A-2 preferred stock.
- The variability of these items could have a significant impact on reported GAAP financial results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+2.5%
Avg return
Earnings day
+3.8%
Avg return
5 days after
+0.3%
Avg return
30 days after
48%
13 / 27 earnings
Positive
+32.6%
Q4 2024
Best reaction
-14.0%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +22.6% | +21.4% | -9.7% | |
| Q3 2025 | +5.1% | +0.3% | +6.8% | |
| Q2 2025 | +8.1% | +20.7% | +34.5% | |
| Q1 2025 | +17.3% | +23.6% | +42.3% | |
| Q4 2024 | +32.6% | +6.9% | -17.4% | |
| Q3 2024 | -11.3% | -18.5% | -36.5% | |
| Q1 2024 | -8.2% | -6.9% | -5.0% | |
| Q4 2023 | +15.2% | +9.4% | +18.7% | |
| Q3 2023 | +4.8% | +4.6% | +28.3% | |
| Q2 2023 | +10.4% | +3.9% | -6.0% | |
| Q1 2023 | +15.4% | +16.4% | +41.7% | |
| Q4 2022 | -14.0% | -26.4% | -31.1% | |
| Q3 2022 | -6.1% | +18.7% | +7.8% | |
| Q2 2022 | +0.4% | +9.7% | +0.7% | |
| Q1 2022 | -8.7% | -9.5% | -13.0% | |
| Q4 2021 | -9.4% | +3.2% | +19.0% | |
| Q3 2021 | +2.0% | +1.6% | -5.9% | |
| Q2 2021 | +4.8% | -3.8% | +13.2% | |
| Q1 2021 | -9.2% | -6.6% | -9.3% | |
| Q4 2020 | +6.1% | +8.7% | +30.5% | |
| Q3 2020 | -0.5% | +11.6% | -7.1% | |
| Q3 2019 | -0.5% | +11.6% | -7.1% | |
| Q1 2020 | -2.1% | +0.5% | -17.3% | |
| Q2 2020 | -2.1% | +0.5% | -17.3% | |
| Q1 2019 | -2.1% | +0.5% | -17.3% | |
| Q2 2019 | -2.1% | +0.5% | -17.3% | |
| Q4 2019 | -2.1% | +0.5% | -17.3% | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — | |
| Q4 2015 | — | — | — | |
| Q3 2015 | — | — | — | |
| Q2 2015 | — | — | — | |
| Q1 2015 | — | — | — | |
| Q4 2014 | — | — | — | |
| Q2 2013 | — | — | — |
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