Montrose Environmental: Fourth Quarter Earnings Overview

Montrose Environmental Group Reports Fourth Quarter Financial Results

Montrose Environmental Group, headquartered in North Little Rock, Arkansas, announced on Wednesday that it recorded a net loss of $8.2 million for the fourth quarter.

The company reported a loss of 23 cents per share during this period. After adjusting for expenses related to stock options and amortization, adjusted earnings came to 35 cents per share.

These adjusted earnings exceeded analysts’ expectations, as the consensus among four analysts surveyed by Zacks Investment Research was 24 cents per share.

Montrose Environmental Group generated $193.3 million in revenue for the quarter, surpassing the $185.8 million anticipated by three analysts polled by Zacks.

For the full year, the company posted a net loss of $843,000, or 14 cents per share, with total revenue reaching $830.5 million.

Looking ahead, Montrose Environmental Group projects its annual revenue will fall between $840 million and $900 million.