NYSE$ONT
Montrose Environmental Group Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Montrose Environmental Group reported record fourth quarter and full year 2024 results, driven by strong organic growth, acquisitions, and improved operating efficiencies.
Montrose Environmental Group achieved record fourth quarter and full year 2024 financial and operating performance, with significant increases in revenue and Adjusted EBITDA. The company's success was attributed to continued demand for environmental expertise and technology, cross-selling, customer retention, improved operating efficiencies, and successful integration of acquisitions.
- Record fourth quarter revenue of $189.1 million, a 14.1% increase year-over-year.
- Record fourth quarter Consolidated Adjusted EBITDA of $27.2 million, up 55.8% from the prior year.
- Full year 2024 total revenue reached a record $696.4 million, an 11.6% increase.
- Full year 2024 Consolidated Adjusted EBITDA was a record $95.8 million, up 21.9%.
Headline financials
Revenue & EPS history
Montrose · Revenue · Quarterly
$189M
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 expects continued growth in 2025, with revenue projected to be between $735.0 million and $785.0 million, and Consolidated Adjusted EBITDA between $101.0 million and $108.0 million. The guidance does not include any benefits from future acquisitions.
Tailwinds
- Revenue expected to be in the range of $735.0 million to $785.0 million.
- Reiterates organic revenue growth expectations of 7% to 9% per year.
- Consolidated Adjusted EBITDA expected to be in the range of $101.0 million to $108.0 million.
- Focus on continued margin expansion.
- Significantly improved operating cash flow expected.
Headwinds
- Revenue and Consolidated Adjusted EBITDA outlooks do not include any benefit from future acquisitions.
- Cannot reconcile projection of Consolidated Adjusted EBITDA to net income (loss) without unreasonable efforts due to unpredictable items.
- Uncertainty regarding future impact of income tax, stock-based compensation, and fair value changes.
- Variability of certain items could significantly impact reported GAAP financial results.
- No specific negative factors were highlighted for 2025 guidance, but general market and policy shifts could create headwinds.
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 Q4 2024
+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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