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Montrose Environmental Group, Inc.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-05-22Dec-31-21Dec-05-21Dec-31-20Dec-31-19Dec-31-18
   8-K10-K8-K10-K10-K10-K
Revenues:  
    Assessment, Permitting and Response   261.9 98.521.13.7
    Measurement and Analysis   153.2 151.6135.5117.4
    Remediation and Reuse   131.3 78.277.367.8
Total revenues  544.4546.4546.4328.2233.9188.8
            Revenue growth   [+]-0.4%66.5% 40.4%23.9% 
Cost of goods sold  351.9369.0369.0215.5164.0134.7
Gross profit  192.5177.4177.4112.869.954.1
            Gross margin  35.4%32.5%32.5%34.3%29.9%28.6%
Selling, general and administrative  176.3117.7117.785.549.741.0
Other operating expenses  -3.2 24.4   
EBITDA   [+]19.559.735.427.220.213.1
            EBITDA margin  3.6%10.9%6.5%8.3%8.6%6.9%
Depreciation  47.59.644.88.47.77.6
EBITA  -28.050.1-9.518.812.45.5
            EBITA margin  -5.1%9.2%-1.7%5.7%5.3%2.9%
Amortization of intangibles   35.2 28.920.016.3
EBIT   [+]-28.014.9-9.5-10.1-7.6-10.8
            EBIT margin  -5.1%2.7%-1.7%-3.1%-3.2%-5.7%
Non-recurring items   [+] 24.4 12.91.4-0.2
Interest expense, net   [+]5.216.011.616.08.612.1
Other income (expense), net  -15.01.9-20.7-18.1-9.11.3
Pre-tax income  -48.2-23.6-41.7-57.1-26.7-21.5
Income taxes  0.01.70.00.9-3.1-5.0
            Tax rate  0.0% 0.0% 11.7%23.2%
Net income  -48.2-41.7-41.7-106.9-43.2-21.0
            Net margin  -8.9%-7.6%-7.6%-32.6%-18.5%-11.1%
   
Basic EPS   [+]($1.62)($1.56)($1.56)($6.48)($4.91)($2.79)
Diluted EPS   [+]($1.62)($1.56)($1.56)($6.48)($4.91)($2.79)
   
Dividends per share   [+] $0.61 $0.42  
   
Shares outstanding (basic)   [+]29.726.726.716.58.87.5
Shares outstanding (diluted)   [+]29.726.726.716.58.87.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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