Montrose Environmental Group, Inc. (MEG) has released its earnings summary, presenting the following key points:
For the third quarter, the company recorded a loss of $10.56 million, compared to a loss of $7.53 million during the same timeframe the previous year. The earnings per share (EPS) stood at a deficit of $0.39 in Q3, equivalent to the results from the same quarter last year. However, when specific items are excluded, Montrose Environmental Group, Inc. reported an adjusted profit of $16.31 million or $0.41 per share for the period.
This result surpasses analyst expectations, who had projected a loss of $0.09 per share. In terms of revenue, the company generated $178.69 million in the third quarter, up from $167.94 million from the corresponding quarter last year.
**Guidance**: Montrose Environmental Group, Inc. anticipates full-year revenue within the range of $690 million to $740 million.
