MEG - Montrose Environmental GAAP EPS of -$0.63 misses by $0.27 revenue of $131.43M misses by $3.77M
2023-05-09 18:15:13 ET
- Montrose Environmental press release ( NYSE: MEG ): Q1 GAAP EPS of -$0.63 misses by $0.27 .
- Revenue of $131.43M (-2.4% Y/Y) misses by $3.77M .
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Net loss of $14.7 million and Consolidated Adjusted EBITDA of $16.6 million
- Adjusted Net Income was $3.4 million in the first quarter of 2023 compared to Adjusted Net Income 1 of $5.5 million in the prior year quarter.
- As of March 31, 2023, Montrose had total debt, before debt issuance costs, of $164.1 million and $201.8 million of liquidity, including $76.8 million of cash and $125.0 million of availability on its revolving credit facility.
- Full Year 2023 Outlook
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The Company has increased its expectation of full year 2023 Consolidated Adjusted EBITDA to be in the range of $70 million to $76 million from previously issued guidance of $68 million to $74 million.
Expectations for the full year 2023 revenue range are unchanged at $550 million to $600 million vs $574.17M Consensus
For further details see:
Montrose Environmental GAAP EPS of -$0.63 misses by $0.27, revenue of $131.43M misses by $3.77M