MEG Q3 2023 Earnings — Montrose Environmental Group, Inc. Revenue & Financial Results | Market Cap Arena

MEGMontrose Environmental Group, Inc.

$949M

Q3 2023 Earnings

Industrials Waste Management

Income Statement

Revenue

$168M+28.9% YoY

Gross Profit

$66M39.2% margin

Operating Income

-$3M-2.0% margin

Net Income

-$8M-4.5% margin

EPS (Diluted)

$-0.39

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$12M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$836M

Total Liabilities

$521M

Stockholders' Equity

$315M

Cash & Equivalents

$23M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$168M	$130M	+28.9%
Gross Profit	$66M	$48M	+36.8%
Operating Income	-$3M	-$6M	+45.7%
Net Income	-$8M	-$6M	-31.6%

Revenue Segments

Remediation And Reuse

$60M36%

Assessment Permitting And Response

$57M34%

Measurement And Analysis

$50M30%

Geographic Segments

UNITED STATES

$133M81%

CANADA

$31M19%