Montrose Environmental reports record FY23 revenue $624M, net loss $30.9M; guides FY24 revenue $675-725M

Onterris, Inc.

2023-FY EPS reported -$1.57 revenue$624,208,000

Revenue $624.2M (+14.7% YoY); organic growth 2%; record cash from ops $56M.
Net loss $30.9M ($1.57/share) vs $31.8M loss prior year; Adjusted EBITDA $78.6M (+18.7%).
Q4 revenue $165.7M (+18.8%); adjusted EBITDA $17.5M vs $17.8M prior year.
FY2024 outlook: revenue $675-725M, Adj. EBITDA $90-95M, expects low double-digit organic growth.
Two acquisitions (Epic Environmental, Two Dot) closed in Jan/Feb 2024; $60M preferred stock redeemed Jan 2024.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Onterris, Inc. reported fourth quarter ended December 31, 2023 results: revenue $165.7 million, net income $(1.4) million, EPS $(0.18).

Period: fourth quarter ended December 31, 2023
Revenue: $165.7 million
Net income: $(1.4) million
EPS: $(0.18)
Result: reported results

Exact text from the filing

Total revenue in the fourth quarter of 2023 was $165.7 million compared to $139.5 million in the prior year quarter, an increase of 18.8%.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Onterris, Inc. reported full year ended December 31, 2023 results: revenue $624.2 million, net income $(30.9) million, EPS $(1.57).

Period: full year ended December 31, 2023
Revenue: $624.2 million
Net income: $(30.9) million
EPS: $(1.57)
Result: reported results

Exact text from the filing

Adjusted EBITDA 1 as a percentage of revenues was driven primarily by the acquisition of Matrix. Full Year 2023 Results Total revenue in the full year 2023 increased 14.7% to $624.2 million compared to $544.4 million in the prior year. The increase in revenues was primarily due to 24.3% organic growth in the Assessment, Permitting and Response segment, 1

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Source: SEC EDGAR

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