MEG Q2 2023 Earnings — Montrose Environmental Group, Inc. Revenue & Financial Results | Market Cap Arena

MEGMontrose Environmental Group, Inc.

$949M

Q2 2023 Earnings

Industrials Waste Management

Income Statement

Revenue

$159M+13.7% YoY

Gross Profit

$61M38.3% margin

Operating Income

-$6M-3.8% margin

Net Income

-$7M-4.5% margin

EPS (Diluted)

$-0.38

QoQ Revenue Growth

+21.1%

Cash Flow

Operating Cash Flow

$21M

Free Cash Flow

$3M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$826M

Total Liabilities

$513M

Stockholders' Equity

$313M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$159M	$140M	+13.7%
Gross Profit	$61M	$49M	+23.1%
Operating Income	-$6M	-$6M	-6.1%
Net Income	-$7M	-$8M	+7.4%

Revenue Segments

Assessment Permitting And Response

$61M39%

Measurement And Analysis

$50M31%

Remediation And Reuse

$48M30%