MEG

CARBIOS and Landbell Group join forces to increase circularity of PET waste at first biorecycling plant

Retrieved on: 
Thursday, February 29, 2024

The partnership will leverage Landbell Group’s expertise and network in the sourcing of PET packaging and textile waste which will be prepared for biorecycling.

Key Points: 
  • The partnership will leverage Landbell Group’s expertise and network in the sourcing of PET packaging and textile waste which will be prepared for biorecycling.
  • From 2026, Landbell Group will supply CARBIOS with 15 kt/year of PET flakes, ensuring a steady supply chain for sustainable PET production.
  • These flakes will serve as essential feedstock for CARBIOS’ production of food-grade PTA and MEG, further re-polymerized into PET.
  • The innovative depolymerization process developed by CARBIOS facilitates the recycling of PET waste into high-quality recycled PET.

LanzaTech Announces Fourth Quarter and Full Year 2023 Financial Results and Provides Full Year 2024 Financial Outlook

Retrieved on: 
Wednesday, February 28, 2024

CHICAGO, Feb. 28, 2024 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (Nasdaq: LNZA) (“LanzaTech” or the “Company”), the carbon recycling company transforming waste carbon into sustainable raw materials, today reported its financial and operating results for the fourth quarter and full year 2023.

Key Points: 
  • Fourth Quarter and Full Year 2023 Financial Results:
    In the fourth quarter of 2023, revenue totaled $20.5 million, reflecting an increase of 77% compared to $11.6 million in the fourth quarter of 2022.
  • Gross margin improved to 41% during the fourth quarter, reflecting certain engineering services work completed during the quarter which benefited from extraordinary pricing terms.
  • “However, our results for the fourth quarter and full year 2023 demonstrate we have a lot more work ahead of us.
  • Cash burn during the fourth quarter 2023 was $(15.4) million, continuing the trend over 2023 of reducing quarterly cash burn.

Montrose Environmental Group to Present at the Evercore 16th Annual Industrial Conference

Retrieved on: 
Monday, March 4, 2024

Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the Evercore 16th Annual Industrial Conference in New York, NY on Tuesday, March 5, 2024 at 4:30 p.m. Eastern Time.

Key Points: 
  • Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the Evercore 16th Annual Industrial Conference in New York, NY on Tuesday, March 5, 2024 at 4:30 p.m. Eastern Time.
  • Prior to Montrose’s attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website.
  • A live audio webcast will be available at the time of the event and may be accessed through the Investors section of the Company’s website at https://investors.montrose-env.com .
  • A replay of the audio webcast will be available after the event.

Montrose Environmental Group Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024

Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the fourth quarter and full year ended December 31, 2023.
  • Montrose Chief Executive Officer and Director, Vijay Manthripragada, commented, “Our record full year results reflect continued strength across our business.
  • 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%.
  • Fourth quarter 2023 Consolidated Adjusted EBITDA1 was $17.5 million, compared to $17.8 million in the prior year quarter.

Montrose Environmental Group Acquires Environmental Consultancy Specializing in Regulatory Services in Rocky Mountain Region

Retrieved on: 
Thursday, February 29, 2024

Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Two Dot Consulting, LLC, a leading environmental consultancy specializing in regulatory services to the oil and gas, and renewables sectors in the Rocky Mountain and adjacent regions.

Key Points: 
  • Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental solutions company, today announced the acquisition of Two Dot Consulting, LLC, a leading environmental consultancy specializing in regulatory services to the oil and gas, and renewables sectors in the Rocky Mountain and adjacent regions.
  • Two Dot Consulting is a consulting firm providing environmental services vital to meeting regulatory and planning requirements for the renewable energy, and oil and gas sectors.
  • Headquartered in Arvada, Colorado with offices in Wyoming, Two Dot Consulting’s work spans the Rocky Mountain states and adjacent regions, including Nebraska, Nevada, Texas and New Mexico.
  • “Todd and his team bring a complementary suite of environmental solutions, from regulatory compliance and natural resource management to permitting and stakeholder relations,” said Vijay Manthripragada, President and Chief Executive Officer of Montrose Environmental Group.

Montrose Environmental Group Announces Timing of Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Tuesday, February 20, 2024

Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its fourth quarter and full year 2023 earnings release on Thursday, February 29, 2024, before the start of trading on the New York Stock Exchange.

Key Points: 
  • Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) announced today that it will issue its fourth quarter and full year 2023 earnings release on Thursday, February 29, 2024, before the start of trading on the New York Stock Exchange.
  • You are invited to participate in the Company’s conference call hosted by CEO Vijay Manthripragada and CFO Allan Dicks on February 29, 2024 at 8:30 AM EST to discuss the Company’s fourth quarter and full year financial results.
  • To participate on the day of the call, dial 1-844-826-3035 or internationally 1-412-317-5195 approximately ten minutes before the call and tell the operator you wish to join the Montrose Fourth Quarter 2023 Earnings Conference Call.
  • A live webcast of the conference call will be available in the Investors section of the Montrose website at www.montrose-env.com .

Montrose Environmental Group Upsizes Credit Facility to $400 Million

Retrieved on: 
Tuesday, February 20, 2024

Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG), today announced that it has upsized its Senior Secured Credit Agreement (“Credit Facility”) to $400 million.

Key Points: 
  • Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG), today announced that it has upsized its Senior Secured Credit Agreement (“Credit Facility”) to $400 million.
  • The additional $100 million of availability includes a $50 million increase in the revolving credit facility to $175 million and a $50 million increase to the term loan.
  • The Credit Facility will be available for working capital needs, growth initiatives and general corporate purposes.
  • The interest rate and the term of the Credit Facility remain unchanged with a maturity date in April 2026.

Montrose Environmental Group Acquires Epic Environmental, Expanding Consultative and Engineering Services in Australia

Retrieved on: 
Thursday, February 1, 2024

Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental services company, today announced the acquisition of Epic Environmental Pty Ltd, a leading environmental consultancy in Australia.

Key Points: 
  • Montrose Environmental Group, Inc. (“Montrose” or “the Company”) (NYSE: MEG), a high-growth global environmental services company, today announced the acquisition of Epic Environmental Pty Ltd, a leading environmental consultancy in Australia.
  • Headquartered in Brisbane, with offices in Sydney, Mudgee, Adelaide and Darwin, Epic Environmental is an environmental science and engineering consultancy, serving clients across Australia.
  • Epic will both accelerate our growth in Australia and significantly expand our capabilities, relationships and services in market,” said Vijay Mathripragada, President and Chief Executive Officer of Montrose Environmental Group.
  • With Epic, we are creating a more comprehensive environmental solutions platform in Australia which we believe will be very additive to both organizations.

NOV Reports Fourth Quarter and Full Year 2023 Earnings

Retrieved on: 
Thursday, February 1, 2024

NOV Inc. (NYSE: NOV) today reported fourth quarter 2023 revenues of $2.34 billion, an increase of seven percent compared to the third quarter of 2023 and an increase of 13 percent compared to the fourth quarter of 2022.

Key Points: 
  • NOV Inc. (NYSE: NOV) today reported fourth quarter 2023 revenues of $2.34 billion, an increase of seven percent compared to the third quarter of 2023 and an increase of 13 percent compared to the fourth quarter of 2022.
  • Completion & Production Solutions generated revenues of $803 million in the fourth quarter of 2023, an increase of six percent from the third quarter of 2023 and an increase of nine percent from the fourth quarter of 2022.
  • Rig Technologies generated revenues of $766 million in the fourth quarter of 2023, an increase of 12 percent from the third quarter of 2023 and an increase of 24 percent from the fourth quarter of 2022.
  • NOV will hold a conference call to discuss its fourth quarter 2023 results on February 2, 2024 at 10:00 AM Central Time (11:00 AM Eastern Time).

Montrose Environmental Group to Present at the Needham 26th Annual Growth Conference

Retrieved on: 
Tuesday, January 16, 2024

Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the Needham 26th Annual Growth Conference in New York, NY on Thursday, January 18, 2024 at 8:45 a.m. Eastern Time.

Key Points: 
  • Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced that the Company will present at the Needham 26th Annual Growth Conference in New York, NY on Thursday, January 18, 2024 at 8:45 a.m. Eastern Time.
  • Prior to Montrose’s attendance at this conference, the Company will post a copy of the presentation it intends to use in the Investors section of its website.
  • A live audio webcast will be available at the time of the event and may be accessed through the Investors section of the Company’s website at https://investors.montrose-env.com .
  • A replay of the audio webcast will be available after the event.