environmental solutions firm Montrose Q3 revenue beats estimates on robust demand across segments

Onterris

04/11/2025 21:13

Corrects syntax in headline

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/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$224.88 mln
$200.48 mln (6 Analysts)
Q3 Net Income
$8.37 mln
Q3 Income From Operations
$9.93 mln


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 is $33.00, about 23.9% above its November 3 closing price of $25.10

Press Release: ID:nBw8CMrvba

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

 (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.)