Overview

* Montrose Q3 revenue grows 25.9%, beating analyst expectations

* Net income improved to $8.4 mln from a loss of $10.6 mln last year

* Company raises 2025 revenue and EBITDA guidance, reflecting strong performance

Outlook

* Montrose raises 2025 revenue guidance to $810 mln-$830 mln

* Company boosts 2025 Consolidated Adjusted EBITDA guidance to $112 mln-$118 mln

Result Drivers

* ORGANIC GROWTH - Strong organic revenue growth across all segments drove Q3 results

* MARGIN EXPANSION - Improved margins in key segments contributed to increased income from operations

* SERIES A-2 REDEMPTION - Elimination of Series A-2 dividends following redemption contributed to net income improvement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $224.88 $200.48

Revenue mln mln (6

Analysts

)

Q3 Net $8.37

Income mln

Q3 $9.93

Income mln

From

Operatio

ns

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Montrose Environmental Group Inc ( MEG ) is $33.00, about 23.9% above its November 3 closing price of $25.10

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)