Montrose Environmental Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:30 pm EST
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Montrose Environmental Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 167.94 million compared to USD 130.31 million a year ago. Net loss was USD 7.53 million compared to USD 5.72 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to USD 0.33 a year ago.
For the nine months, sales was USD 458.47 million compared to USD 404.9 million a year ago. Net loss was USD 29.42 million compared to USD 21.01 million a year ago. Basic loss per share from continuing operations was USD 1.39 compared to USD 1.12 a year ago.
Montrose Environmental Group, Inc. is an environmental solutions company focused on supporting commercial and government organizations. Its segment includes Assessment, Permitting and Response, Measurement and Analysis, and Remediation and Reuse. Assessment, Permitting and Response segment provides scientific advisory and consulting services to support environmental assessments, environmental emergency response, and environmental audits and permits for operations, facility upgrades, new projects, decommissioning projects and development projects. Measurement and Analysis segment includes source and ambient air testing and monitoring, leak detection and repair and advanced analytical laboratory services such as air, storm water, wastewater and drinking water analysis. Remediation and Reuse segment provides clients with engineering, design, and implementation services to treat contaminated water. This segment also offers regulatory services to the oil and gas, and renewables sectors.