Montrose environmental group reports record fourth quarter and full year 2024 results and provides strong 2025 guidance

Fourth quarter 2024 highlights (comparisons to fourth quarter 2023) highest-ever quarterly revenue of $189.1 million, an increase of $21.3 million, or 14.1% net loss of $28.2 million, or $0.90 net loss per diluted share attributable to common stockholders (lps), and adjusted net income1 of $14.7 million, or $0.29 diluted adjusted net income per share1 (adj eps) record fourth quarter consolidated adjusted ebitda1 of $27.2 million, an increase of $9.8 million, or 55.8% expansion in consolidated adjusted ebitda1 as a percentage of revenue to 14.4% full year 2024 highlights (comparisons to full year 2023) record total revenue of $696.4 million, an increase of $72.2 million, or 11.6% over the prior year record net loss of $62.3 million, or $2.22 lps, and adjusted net income1 of $55.8 million, or $1.08 adj eps1 record consolidated adjusted ebitda1 of $95.8 million, an increase of $17.2 million, or 21.9% robust expansion in consolidated adjusted ebitda1 as a percentage of revenue to 13.8% resilient organic revenue growth of 8.3% continued balance sheet strength, with a leverage ratio of 2.1x as of december 31, 2024 2025 guidance revenue is expected to be in the range of $735.0 million to $785.0 million reiterates organic revenue growth expectations of 7% to 9% per year consolidated adjusted ebitda1 is expected to be in the range of $101.0 million to $108.0 million focus on continued margin expansion and significantly improved operating cash flow revenue and consolidated adjusted ebitda1 outlooks do not include any benefit from future acquisitions little rock, ark. , feb. 26, 2025 /prnewswire/ -- montrose environmental group, inc. (the "company," "montrose" or "meg") (nyse: meg) today announced results for the fourth quarter and full year ended december 31, 2024.
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