Please check your download folder. However, we cannot reconcile our projection of Adjusted EBITDA to net income (loss), the most directly comparable GAAP measure, without unreasonable efforts because of the unpredictable or unknown nature of certain significant items excluded from Adjusted EBITDA and the resulting difficulty in quantifying the amounts thereof that are necessary to estimate net income (loss). firstname.lastname@example.org
(1) Adjusted EBITDA and Adjusted EBITDA margin are non-GAAP measures. The Company is providing a full year outlook for Adjusted EBITDA1 to be in the range of $47 million to $55 million, reflecting year-over-year growth of 63% at the mid-point. CTEH typically exhibits more predictable earnings growth on an annualized basis. Irvine, CA 92614. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Amount relates to changes in various financial options, which include the fair value of the contingent put option attached to the Series A-1 preferred stock and the warrant options attached to the Series A-1 and Series A-2 preferred stock, and changes in fair value of the Series A-2 preferred stock compound embedded derivative. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. Additional factors or events that could cause actual results to differ may also emerge from time to time, and it is not possible for the Company to predict all of them. Demand for the Companyâs services remains resilient amid broader macro-economic uncertainty related to COVID-19. Montrose Environmental Group's key executives are Richard E. Perlman, Steven Eckard and Joshua Lemaire. Montrose Environmental Group, Inc. has 1730 total employees across all of its locations and generates $233.85 million in sales (USD). These increases were driven by â¦ Further, many of these factors are, and may continue to be, amplified by the COVID-19 pandemic. Montrose Environmental Corporation is located in Irvine, CA, United States and is part of the Testing Laboratories Industry. View detailed MEG description & address. Montrose Environmental Group Inc. is based in Irvine, California. Represents non-cash stock-based compensation expenses related to option awards issued to employees and restricted stock grants issued to directors. As of August 26, 2020, the Company had 24,955,430 outstanding shares of common stock. Changes in operating assets and liabilitiesânet of acquisitions: Prepaid expenses and other current assets, Payment of contingent consideration and other assumed purchase price obligations, Net cash (used in) provided by operating activities, Proceeds from net working capital adjustment related to acquisitions, Cash paid for acquisitionsânet of cash acquired, Issuance of convertible and redeemable Series A-2 preferred stock and warrant, Net cash provided by financing activities, CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH. Following the IPO and application of proceeds, Montrose had total debt of $182.3 million and $89.5 million of liquidity, including $39.5 million of cash and $50.0 million of availability on its credit facility, with a leverage ratio of 2.7 times as calculated pursuant to the Company's credit agreement. Montrose Environmental Group shares (MEG) are listed on the NYSE and all prices are listed in US Dollars. These projections account for estimates of revenue, operating margins and corporate and other costs. https://www.businesswire.com/news/home/20200831005693/en/, Investor Relations:
1 Park Plaza, Suite 1000
You can unsubscribe to any of the investor alerts you are subscribed to by visiting the âunsubscribeâ section below. Montrose Environmental Group, Inc is a waste management business based in the US. You can sign up for additional alert options at any time. For a detailed definition, formula and example for. Overall, we believe that positive trends in our markets, solid execution of our strategy and continued new business wins provide us with a solid footing to achieve our goals in 2020 and beyond.â. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) announced today that it will issue its third quarter 2020 earnings release on Thursday, November 12, 2020, after the close of trading on the New York Stock Exchange. LIABILITIES, REDEEMABLE SERIES A-1 PREFERRED STOCK, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK AND, Accounts payable and other accrued liabilities, Business acquisitions contingent consideration, Long-term debtânet of deferred financing fees, REDEEMABLE SERIES A-1 PREFERRED STOCK $0.0001 PAR VALUEâ. By providing your email address below, you are providing consent to Montrose Environmental to send you the requested Investor Email Alert updates. It is classified as operating in the Management, Scientific & Technical Consulting Services industry. The increase in Adjusted EBITDA1 was primarily driven by higher revenues and favorable shifts in business mix. Revenue; Business Services: Waste Removal Services: $0.721B: $0.000B: Montrose Environmental Group Inc. provides environmental services principally in the United States. Montrose Environmental Group has assembled the nationâs largest and most experienced environmental services company. For more information, visit montrose-env.com. The Company expects 2020 to be another year of revenue growth in excess of 20%. The Company has a flexible balance sheet to pursue investments in innovation and acquisitions in its highly fragmented industry. Acquisition costs include financial and tax diligence, consulting, legal, valuation, accounting, travel costs, acquisition-related incentives and fair value changes to contingent liabilities, which reflect the difference between the expected settlement value of acquisition-related earn-out payments at the time of the closing of acquisitions and the expected (or actual) value of earn-outs at the end of the relevant period. Their prepared remarks will be followed by a question and answer session. Montrose Environmental Group employs 1,700 staff and has a trailing 12-month revenue of around USD$287.4 million. In addition, Adjusted EBITDA and Adjusted EBITDA margin may not be comparable to similarly titled measures used by other companies in our industry or across different industries, and other companies may not present these or similar measures. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the third quarter ended September 30, 2020 and an updated full year 2020 outlook. Cash outflow used by operations, which included $6.2 million in contingent earnout payments, was $1.6 million. Montrose Environmental Group, Inc. Common Stock (MEG) Revenue EPS : Previous 3 Years Next 3 Years. With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. Further, we believe they are helpful in highlighting trends in our operating results because they allow for more consistent comparisons of financial performance between periods by excluding gains and losses that are non-operational in nature or outside the control of management, as well as items that may differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which we operate and capital investments. In connection with the offering, the Company used $131.8 million of the proceeds and shares of common stock to redeem all outstanding shares of its Series A-1 preferred stock, and used approximately $9.8 million of the proceeds to pay IPO related expenses, with the remaining $19.6 million available for general corporate purposes and acquisitions. Reconciliation of Net Loss to Adjusted EBITDA, Start-up losses and investment in new services (2), Acquisition costs and fair value changes to contingent liabilities (3), Fair value changes in contingent put option, warrant options and compounded embedded option (4). Our presentation of Adjusted EBITDA and Adjusted EBITDA margin should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items for which we may make adjustments. Montrose Environmental Group, Inc. (the "Company," "Montrose" or "MEG") (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Management compensates for these limitations by using these measures as supplemental financial metrics and in conjunction with our results prepared in accordance with GAAP. Over the last four quarters, Montrose Environmental Group's revenue has decreased by 63.8%. (949) 988-3383
We calculate Adjusted EBITDA as net income (loss) before interest expense, income tax expense (benefit) and depreciation and amortization, adjusted for the impact of certain other items, including stock-based compensation expense and acquisition-related costs, as set forth in greater detail in the table below. Our team executed well, worked hard to support each other and met the needs of our customers during the COVID-19 pandemic. If you experience any issues with this process, please contact us for further assistance. Total revenue of $84.7 million increased 47.0% compared to the prior year quarter. These measures are also frequently used by analysts, investors and other interested parties to evaluate companies in our industry. The environmental emergency response component of CTEHâs revenues may add to the Companyâs quarterly earnings variability. Specifically, we are unable to estimate for the second half of 2020 the impact of certain items, including income tax (expense) benefit, stock-based compensation expense, fair value changes and the accounting for the issuance of the Series A-2 preferred stock. IRVINE, Calif.--(BUSINESS WIRE)--
Montrose Environmental Group, Inc.
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