Montrose Environmental Group Announces Strong Fourth Quarter and Full Year 2020 Results
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Montrose Environmental (MEG) Misses Q4 EPS by 9c, Revenues Beat
March 24, 2021 4:14 PM EDTMontrose Environmental (NYSE: MEG) reported Q4 EPS of ($0.13), $0.09 worse than the analyst estimate of ($0.04). Revenue for the quarter came in at $108.7 million versus the consensus estimate of $86.5 million.
Full Year and Fourth Quarter 2020 Highlights
2020 revenue of $328.2 million increased 40.4% compared to the prior year. Fourth quarter revenue of $108.7 million increased 60.2% compared to the prior year quarter.2020 Net loss of $57.9 million compared to a net loss of $23.6 million in the prior year. Fourth quarter net income of $0.8 million compared to a net loss of $11.3 million in the prior year quarter. Net loss... More