Why Montrose Environmental Group Stock Is Up Big Today [Yahoo! Finance]
Montrose Environmental Group, Inc. (MEG)
US:NYSE Investor Relations:
nexstar.tv/wp-content/uploads/2016/09/nxst-investor-presentation-september-2016-1.pdf
Company Research
Source: Yahoo! Finance
Investors are cheering the results, sending shares of Montrose up 17% as of 10 a.m. Eastern. A strong year and the promise of more to come Montrose works with government and commercial customers dealing with the challenges of environmental regulations and cleanups. The company earned $0.27 per share in the fourth quarter on revenue of $165.7 million, topping the consensus analyst estimate of $0.17 per share in earnings on sales of $160 million. Revenue was up 18.8% year over year, including the impact of acquisitions. For the full year, Montrose generated sales of $624.2 million, up 14% from 2022. "Our record full year results reflect continued strength across our business," CEO Vijay Manthripragada said in a statement. "Demand for our unique, integrated solutions remains at all-time highs given another year of exceptional customer revenue retention at 96% and cross-selling activity increasing to 51% of full year revenue." The company in 2023 filed for nine patents addressin
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News
- Most Shareholders Will Probably Find That The Compensation For Montrose Environmental Group, Inc.'s (NYSE:MEG) CEO Is Reasonable [Yahoo! Finance]Yahoo! Finance
- With 80% ownership, Montrose Environmental Group, Inc. (NYSE:MEG) boasts of strong institutional backing [Yahoo! Finance]Yahoo! Finance
- Montrose Environmental Group Announces Timing of First Quarter 2024 ResultsBusiness Wire
- Strength Seen in Montrose Environmental (MEG): Can Its 12.8% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Why Montrose Environmental Stock Eroded This Week [Yahoo! Finance]Yahoo! Finance
MEG
Earnings
- 2/29/24 - Miss
MEG
Sec Filings
- 4/22/24 - Form DEFA14A
- 4/19/24 - Form 8-K
- 4/19/24 - Form 424B5
- MEG's page on the SEC website