NYSE$ONT
Montrose Environmental Group Inc · Q2 2024 earnings
Q2 2024 earnings · · After market close · Investor relations
Briefing
Montrose Environmental Group Inc reported Q2 2024 revenues of $173.3 million and a net loss of $10.2 million.
The company posted quarterly revenues of $173.3 million, up 8.9% year-over-year, driven by acquisitions and organic growth in Measurement and Analysis and Assessment, Permitting and Response segments, partially offset by lower environmental emergency response revenues. Net loss widened to $10.2 million from $7.2 million in the prior-year quarter due to higher interest expense and income tax expense. The company completed four acquisitions during the first half of 2024 and raised net proceeds of $121.8 million from a follow-on equity offering.
- Q2 revenues reached $173.3 million, supported by $23.6 million from recent acquisitions and organic growth, despite a $14.7 million decline in emergency response revenue.
- Net loss per share was $(0.39) compared to $(0.38) in Q2 2023, with operating loss improving to $2.7 million from $6.1 million.
- The company redeemed $60 million of Series A-2 preferred stock and ended the quarter with approximately 3,380 employees.
- Segment Adjusted EBITDA margins improved across all three operating segments year-over-year.
Headline financials
Revenue & EPS history
Montrose · Revenue · Quarterly
$173M
Revenue by segment
Montrose · $173M total across 3 segments · Q2 2024
- Remediation and Reuse$65.1M+36.6%37.5%
- Measurement and Analysis$54.8M+9.5%31.6%
- Assessment, Permitting and Response$53.4M—30.8%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2024 | — | — | — | |
| 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 2019 | -0.5% | +11.6% | -7.1% | |
| Q3 2020 | -0.5% | +11.6% | -7.1% | |
| Q1 2019 | -2.1% | +0.5% | -17.3% | |
| Q1 2020 | -2.1% | +0.5% | -17.3% | |
| Q2 2020 | -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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