earnings
confidence high
sentiment positive
materiality 0.70
Montrose Environmental Q2 revenue record $173.3M (+8.9% YoY); Adj EBITDA $23.3M (+10%)
Onterris, Inc.
2024-Q2 EPS reported
-$0.91
revenue$328,650,000
- Net loss $10.2M ($0.39 LPS) vs $7.2M loss ($0.38 LPS) a year ago; Adj Net Income $10.8M ($0.20 Adj EPS).
- Record first-half revenue $328.7M (+13.1%); Adj EBITDA $40.2M (+6.5%), margins expanded in all three segments.
- Raised $121.8M net in April stock offering; repurchased $60M of Series A-2 stock; liquidity $188.3M as of June 30.
- Completed two strategic acquisitions (ETA, Paragon) and one post-quarter (Spirit); reaffirms FY 2024 rev $690M-$740M and Adj EBITDA $95M-$100M.
- CEO cites strong organic growth, cross-selling traction; does not expect Loper Bright ruling or election to alter outlook.