Montrose Environmental Group Sees FY24 Revenue $690M-$740M Vs $710.01M Est.
Portfolio Pulse from Benzinga Newsdesk
Montrose Environmental Group (MEG) has reiterated its FY24 revenue forecast, expecting it to be between $690M-$740M, aligning with analysts' expectations of $710.01M. The company also anticipates its Consolidated Adjusted EBITDA to range from $95M to $100M for the same period. These projections are based on expected low double-digit organic revenue growth and continued year-on-year margin expansion in Consolidated Adjusted EBITDA, excluding any potential benefits from future acquisitions.
May 07, 2024 | 10:19 pm
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Montrose Environmental Group expects FY24 revenue of $690M-$740M and Adjusted EBITDA of $95M-$100M, indicating strong growth and margin expansion.
The reaffirmation of Montrose Environmental Group's FY24 revenue and EBITDA forecasts suggests confidence in the company's growth trajectory and operational efficiency. This positive outlook, especially the expected low double-digit organic revenue growth and margin expansion, is likely to be viewed favorably by investors, potentially leading to a positive short-term impact on MEG's stock price.
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