NYSE$ONT
Montrose Environmental Group Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Montrose Environmental Group's second quarter results for 2021 were announced, showing strong performance across all segments and increased guidance for the full year.
Montrose Environmental Group reported an 84.7% increase in total revenue to $136.2 million compared to the prior year quarter. However, the company experienced a net loss of $14.5 million, contrasting with a net income of $13.2 million in the prior year quarter, attributed to non-cash fair value adjustments and debt refinancing expenses. Adjusted EBITDA increased by 50.9% to $21.0 million.
- Total revenue increased by 84.7% to $136.2 million compared to the prior year quarter.
- Net loss was $14.5 million, compared to a net income of $13.2 million in the prior year quarter.
- Adjusted EBITDA increased by 50.9% to $21.0 million compared to the prior year quarter.
- The company increased its Adjusted EBITDA outlook for 2021, expecting it to be in the range of $70.0 million to $75.0 million.
Headline financials
Revenue & EPS history
Montrose · Revenue · Quarterly
$136M
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
Montrose Environmental Group has increased its Adjusted EBITDA outlook for the full year 2021, now expecting it to be in the range of $70.0 million to $75.0 million. This outlook is supported by heightened demand, continued organic growth, and contributions from recent acquisitions.
Tailwinds
- Heightened demand for Montrose's service offerings in the first half of 2021.
- Continued organic growth across its segments.
- Contribution of acquisitions.
- Expects to exceed 20% revenue growth threshold in 2021.
- Continue adding strategically and financially accretive acquisitions.
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 Q2 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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