Montrose Environmental Group announced its first quarter results for 2025 on May 7, 2025, reporting its highest-ever first-quarter revenue, Consolidated Adjusted EBITDA, and operating cash flow. Total revenue for the quarter was $177.8 million, a 14.5% increase compared to the prior year quarter.
The company reported a net loss of $19.4 million, or $0.64 per share, for Q1 2025. Adjusted Net Income was $5.8 million, with Adjusted EPS of $0.07. Consolidated Adjusted EBITDA reached $19.0 million, or 10.7% of revenue. Net cash provided by operating activities was $5.5 million, a $27.5 million improvement over the prior-year period, with remaining Tustin project receivables reduced to $7.5 million.
Montrose increased its expected 2025 Consolidated Adjusted EBITDA guidance to a range of $103.0 million to $110.0 million, up from $101.0 million to $108.0 million, while reaffirming its 2025 revenue guidance of $735.0 million to $785.0 million. The company also announced an inaugural $40 million stock repurchase program and completed the redemption of $60.0 million in stated value of its Series A-2 Preferred Stock on April 1, 2025.
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