Montrose Environmental Group’s Fourth Quarter and Full Year 2024 Financial Highlights
Montrose Environmental Group, Inc. recently reported its financial results for the fourth quarter and full year ended December 31, 2024. The company posted impressive financial results, with significant growth in revenue, Adjusted EBITDA, and organic revenue.
Fourth Quarter 2024 Highlights
Montrose reported a highest-ever quarterly revenue of $189.1 million, representing a $21.3 million, or 14.1% increase, compared to the same quarter in 2023. Despite this revenue growth, the company reported a net loss of $28.2 million, or $0.90 net loss per diluted share attributable to common stockholders (LPS). However, the company’s Adjusted Net Income1 was $14.7 million, or $0.29 Diluted Adjusted Net Income per share1 (Adj EPS), and its Consolidated Adjusted EBITDA1 reached a record high of $27.2 million, an increase of $9.8 million, or 55.8%.
- Revenue: $189.1 million, up $21.3 million or 14.1% from Q4 2023
- Net Loss: $28.2 million, or $0.90 LPS
- Adjusted Net Income1: $14.7 million, or $0.29 Adj EPS1
- Consolidated Adjusted EBITDA1: $27.2 million, up $9.8 million or 55.8%
Full Year 2024 Highlights
Montrose achieved record total revenue of $696.4 million, a $72.2 million, or 11.6% increase, compared to the previous year. The company reported a net loss of $62.3 million, or $2.22 LPS, and Adjusted Net Income1 of $55.8 million, or $1.08 Adj EPS1. Additionally, the company’s Consolidated Adjusted EBITDA1 reached $95.8 million, an increase of $17.2 million, or 21.9%. Montrose also reported a robust expansion in Consolidated Adjusted EBITDA1 as a percentage of revenue, which reached 13.8%.
- Revenue: $696.4 million, up $72.2 million or 11.6% from FY 2023
- Net Loss: $62.3 million, or $2.22 LPS
- Adjusted Net Income1: $55.8 million, or $1.08 Adj EPS1
- Consolidated Adjusted EBITDA1: $95.8 million, up $17.2 million or 21.9%
Regarding the financial outlook for 2025, Montrose expects revenue to be in the range of $735.0 million to $785.0 million, with organic revenue growth expectations of 7% to 9% per year. The company also anticipates Consolidated Adjusted EBITDA1 to be in the range of $101.0 million to $108.0 million and a focus on continued margin expansion and significantly improved operating cash flow. It is important to note that the revenue and Consolidated Adjusted EBITDA1 outlooks do not include any benefit from future acquisitions.
Impact on Individuals
The financial results of Montrose Environmental Group may not have a direct impact on individuals, but the company’s focus on environmental solutions could potentially lead to job opportunities in the industry. Additionally, Montrose’s growth and expansion may indicate a growing demand for environmental services, which could lead to increased competition and potentially higher prices for consumers.
Impact on the World
Montrose Environmental Group’s financial results and growth in the environmental solutions industry could have a positive impact on the world by helping to address environmental challenges and promote sustainability. The company’s focus on expanding its operations and improving its financial performance could lead to the development of new technologies and solutions to address environmental issues. Additionally, Montrose’s growth could create new jobs and contribute to economic growth.
Conclusion
Montrose Environmental Group reported impressive financial results for the fourth quarter and full year ended December 31, 2024, with significant growth in revenue, Adjusted EBITDA, and organic revenue. The company’s financial outlook for 2025 indicates continued growth and a focus on margin expansion and improved operating cash flow. While the financial results may not have a direct impact on individuals, Montrose’s growth in the environmental solutions industry could contribute to job opportunities and the development of new technologies and solutions to address environmental challenges. Overall, Montrose’s financial performance and focus on sustainability could have a positive impact on the world.
