10:27 AM EDT, 05/08/2025 (MT Newswires) -- Montrose Environmental Group ( MEG ) shares climbed more than 19% in recent trading Thursday after the company reported Q1 results above expectations and announced a stock repurchase program.

The company reported adjusted net income late Wednesday of $0.07 per diluted share, down from $0.16 a year earlier.

Two analysts polled by FactSet expected a loss of $0.09.

Revenue for the quarter ended March 31 was $177.8 million, up from $155.3 million a year earlier.

Analysts polled by FactSet expected $168 million.

The company reiterated its full year 2025 revenue guidance of $735 million to $785 million. Analysts polled by FactSet expect $754.5 million.

The company said it also authorized a stock buyback program of up to $40 million.

Price: 17.93, Change: +2.88, Percent Change: +19.14