MEG Q1 2023 Earnings — Montrose Environmental Group, Inc. Revenue & Financial Results | Market Cap Arena

MEGMontrose Environmental Group, Inc.

$949M

Q1 2023 Earnings

Industrials Waste Management

Income Statement

Revenue

$131M-2.4% YoY

Gross Profit

$50M37.9% margin

Operating Income

-$10M-7.6% margin

Net Income

-$15M-11.2% margin

EPS (Diluted)

$-0.63

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

-$2M

Stock-Based Comp.

$13M

Balance Sheet

Total Assets

$783M

Total Liabilities

$473M

Stockholders' Equity

$310M

Cash & Equivalents

$77M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$131M	$135M	-2.4%
Gross Profit	$50M	$46M	+7.6%
Operating Income	-$10M	-$8M	-30.6%
Net Income	-$15M	-$8M	-95.3%

Revenue Segments

Assessment Permitting And Response

$52M40%

Measurement And Analysis

$43M32%

Remediation And Reuse

$37M28%