NYSE$ONT
Montrose Environmental Group Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Montrose reported strong revenue growth and margin expansion, increased year-to-date operating cash flow, and raised revenue and consolidated adjusted EBITDA outlook for full year 2023.
Montrose Environmental Group announced strong second quarter performance with record levels of revenue and Consolidated Adjusted EBITDA, driven by robust demand across most business lines. The company is raising its full year revenue and Consolidated Adjusted EBITDA guidance.
- Second quarter revenue increased by 13.7% year-over-year to $159.1 million.
- Net loss was $(7.2) million, or a loss of $(0.38) per share, compared to a net loss of $(7.8) million, or a loss of $(0.40) per share in the prior year quarter.
- Adjusted Net Income was $8.9 million, and Adjusted Net Income per Share was $0.16.
- Second quarter Consolidated Adjusted EBITDA was $21.2 million, representing 13.3% of revenue, compared to $15.6 million in the prior year quarter.
Headline financials
Revenue & EPS history
Montrose · Revenue · Quarterly
$159M
Revenue by segment
Montrose · $97.7M total across 2 segments · Q2 2023
- Measurement and Analysis$50.1M—51.2%
- Remediation and Reuse$47.6M—48.8%
Forward guidance
The Company has increased its expectation for full year 2023 revenue and Consolidated Adjusted EBITDA. 2023 Revenue is expected to be in the range of $590 million to $640 million and Consolidated Adjusted EBITDA is expected to be in the range of $75 million to $81 million.
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 2023
+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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