Latest news with #EnvironmentalServices
Yahoo
07-08-2025
- Business
- Yahoo
Montrose (NYSE:MEG) Surprises With Strong Q2, Stock Jumps 24.7%
Environmental services provider Montrose (NYSE:MEG) reported Q2 CY2025 results exceeding the market's revenue expectations , with sales up 35.3% year on year to $234.5 million. The company's full-year revenue guidance of $815 million at the midpoint came in 7% above analysts' estimates. Its non-GAAP profit of $0.63 per share was significantly above analysts' consensus estimates. Is now the time to buy Montrose? Find out in our full research report. Montrose (MEG) Q2 CY2025 Highlights: Revenue: $234.5 million vs analyst estimates of $188.5 million (35.3% year-on-year growth, 24.4% beat) Adjusted EPS: $0.63 vs analyst estimates of $0.24 (significant beat) Adjusted EBITDA: $39.59 million vs analyst estimates of $27.33 million (16.9% margin, 44.8% beat) The company lifted its revenue guidance for the full year to $815 million at the midpoint from $760 million, a 7.2% increase EBITDA guidance for the full year is $114 million at the midpoint, above analyst estimates of $107 million Operating Margin: 6.4%, up from -1.5% in the same quarter last year Free Cash Flow was $19.93 million, up from -$9.76 million in the same quarter last year Market Capitalization: $773.6 million Company Overview Founded to protect a tree-lined two-lane road, Montrose (NYSE:MEG) provides air quality monitoring, environmental laboratory testing, compliance, and environmental consulting services. Revenue Growth Reviewing a company's long-term sales performance reveals insights into its quality. Any business can experience short-term success, but top-performing ones enjoy sustained growth for years. Over the last five years, Montrose grew its sales at an incredible 24.5% compounded annual growth rate. Its growth beat the average industrials company and shows its offerings resonate with customers, a helpful starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within industrials, a half-decade historical view may miss cycles, industry trends, or a company capitalizing on catalysts such as a new contract win or a successful product line. Montrose's annualized revenue growth of 18% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. This quarter, Montrose reported wonderful year-on-year revenue growth of 35.3%, and its $234.5 million of revenue exceeded Wall Street's estimates by 24.4%. Looking ahead, sell-side analysts expect revenue to remain flat over the next 12 months, a deceleration versus the last two years. This projection doesn't excite us and indicates its products and services will face some demand challenges. At least the company is tracking well in other measures of financial health. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Although Montrose was profitable this quarter from an operational perspective, it's generally struggled over a longer time period. Its expensive cost structure has contributed to an average operating margin of negative 3.4% over the last five years. Unprofitable industrials companies require extra attention because they could get caught swimming naked when the tide goes out. On the plus side, Montrose's operating margin rose by 2.1 percentage points over the last five years, as its sales growth gave it operating leverage. Still, it will take much more for the company to show consistent profitability. This quarter, Montrose generated an operating margin profit margin of 6.4%, up 7.9 percentage points year on year. The increase was solid, and because its operating margin rose more than its gross margin, we can infer it was more efficient with expenses such as marketing, R&D, and administrative overhead. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Montrose's full-year EPS flipped from negative to positive over the last four years. This is a good sign and shows it's at an inflection point. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. Montrose's EPS grew at an astounding 132% compounded annual growth rate over the last two years, higher than its 18% annualized revenue growth. This tells us the company became more profitable on a per-share basis as it expanded. We can take a deeper look into Montrose's earnings to better understand the drivers of its performance. Montrose's operating margin has expanded by 10.2 percentage points over the last two years. This was the most relevant factor (aside from the revenue impact) behind its higher earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. In Q2, Montrose reported adjusted EPS at $0.63, up from $0.20 in the same quarter last year. This print easily cleared analysts' estimates, and shareholders should be content with the results. We also like to analyze expected EPS growth based on Wall Street analysts' consensus projections, but there is insufficient data. Key Takeaways from Montrose's Q2 Results This was a beat and raise quarter. We were impressed by how significantly Montrose blew past analysts' revenue, EBITDA, and EPS expectations this quarter. We were also excited its full-year revenue guidance was raised, a key sign that business momentum is improving. Zooming out, we think this quarter featured some important positives. The stock traded up 24.7% to $28.20 immediately following the results. Indeed, Montrose had a rock-solid quarterly earnings result, but is this stock a good investment here? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free. Sign in to access your portfolio
Yahoo
03-06-2025
- General
- Yahoo
‘No danger to public' after chemical spill in East Point
Crews worked to clean up a chemical spill early Tuesday in East Point. Just before midnight, a trailer overturned at the Brenntag facility at 2225 Lawrence Street. East Point Fire Department officials did not say what chemicals were involved in the spill, but did say there was no danger to the public. Several trucks from Hull's Environmental Services arrived to clean up the spilled chemicals. As of 3 a.m., crews were still working to clean up the spill. There were no injuries reported. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] TRENDING STORIES: Governor's office said it will start issuing special tax refund checks this week PHOTOS: 'Itsy-Bitsy, Teenie-Tiny' town is Georgia's third most visited Midtown Taco Mac abruptly closes, second location to do so in as many months [SIGN UP: WSB-TV Daily Headlines Newsletter]
Times of Oman
21-05-2025
- General
- Times of Oman
Be'ah conducts awareness visits to schools in South Al Sharqiyah
Sur: The Community Awareness and Engagement Team from the Oman Environmental Services Holding Company 'be'ah' carried out a series of awareness visits to six schools in the South Al Sharqiyah Governorate, targeting more than 5,219 students and educational staff. This initiative aligns with the company's commitment to spreading environmental awareness and promoting sustainable practices among younger generations. The visits included interactive educational sessions focusing on sustainable consumption, smart shopping, and proper waste disposal methods. The team aimed to deliver simplified and engaging content tailored to the students' age groups, fostering a culture of environmental conservation from an early age. Additionally, the visits highlighted the company's efforts in managing engineered landfills in compliance with the highest environmental standards, as well as the operational mechanisms of waste transfer stations. The team also provided an overview of the services offered by be'ah call center, a key platform for receiving inquiries and feedback from the community.
Daily Mail
07-05-2025
- Politics
- Daily Mail
Tycoon rants and raves in court over seawall he built outside his oceanside South Carolina mansion
A South Carolina man currently embroiled in an ongoing court battle exploded at environmental officials during arguments, insisting that the man-made seawall outside his oceanfront mansion is entirely legal. Rom Reddy, of Isle of Palms, is locked in a heated court battle over a $289,000 fine for an unauthorized seawall he built behind his beachfront property, with The South Carolina of Health and Environmental Control (DHEC) arguing it violates coastal protection laws, The State reported. On Tuesday, sporting a snazzy black suit and distinguished glasses, Reddy represented himself in court - a rare move for an administrative law case. Reddy argued that he is nothing short of a law-abiding citizen, insisting he was unfairly targeted by the South Carolina Department of Environmental Services, which he claims is using regulation and enforcement to take his property. 'I understand a little bit more than the unelected bureaucrats,' Reddy said in court, according to The State. 'This is an unusual situation where we sit here with the citizens, my beautiful wife and myself... against the police power to the state and a taxpayer funded charity.' In February, the DHEC filed a temporary restraining order and petition for injunctive relief - a court order requiring a party to do or refrain from doing a specific action - against Reddy, WCBD News reported. The department subsequently issued cease-and-desist orders to Reddy, arguing that the seawall is located in a critical area. Rom Reddy (pictured in court), of Isle of Palms, is locked in a heated court battle over a $289,000 fine for an unauthorized seawall he built behind his beachfront property, with The South Carolina of Health and Environmental Control (DHEC) arguing it violates coastal protection laws Now, with the court battle intensifying, the Reddy case has drawn in close scrutiny, as it could challenge state efforts to enforce beach protection laws established decades ago - all with the purpose of combating the threat of sea level rise. Rising sea levels, driven by climate change, have become a growing issue along South Carolina's coast, with Reddy's case sparking urgent debates over the impact of seawalls. South Carolina ultimately banned seawalls along the beach 36 years ago, citing their overall role in worsening erosion and obstructing public access to the shoreline. Reddy, however, argues that the state's actions infringe upon his property rights. He claimed that the state law itself allowed him to develop construction on that particular section of the beach. Further, he argued that if he is denied the use of his land due to the state's restrictions, he should be compensated for that loss. At times, the anti-government regulation advocate waved his arms and pointed at the court, emphasizing his point with dramatic flare. 'What they are doing is a descent into a total tyranny,' Reddy claimed during court. However, lawyers for the Department of Environmental Services doubled down, asserting that the issue is clear as day: Reddy built a seawall on his property, a practice that has been illegal in South Carolina for over three decades. Additionally, the state agency said that Reddy ignored repeated warnings not to build on the beach, arguing that judicial intervention is necessary to stop his unauthorized actions in the critical area. 'We're here today about a total disregard of the law,' Environmental Services lawyer Sallie Phelan said in her opening remarks, according to The State. 'We are here about two seawalls the Reddy's constructed on the beach at Isle of Palms to protect their yard, despite the department's repeated warning that it was not authorized and the department believed it to be a violation of the South Carolina coastal tidelands and wetlands law.' Battling ocean waves and state officials, Phelan accused Reddy of secretly piling clay, rocks and concrete on the beach outside his luxury home - then backing it all up with a seawall, despite a decades-old ban. Photos shown in court revealed the ocean breaching his property, flooding turf-covered yards that ultimately smashed through an aging barrier. Simply put, state regulators say the wall breaks the law. Reddy says the state has no authority over that decision. At the very heart of the drama lies this question: Where does South Carolina's beachfront control really end? While in court, Reddy asked detailed questions regarding the beach protection law as he argued that a recent change in those laws made the work he constructed at his home entirely legal. Last month, a judge agreed that the state had control over the entire beach during a preliminary ruling, according to The State. In this case, the state argued a similar point - the law gives them authority to protect all of the sandy beach, not just the areas with building restriction lines. Reddy, a steadfast supporter of President Donald Trump, claimed that either way, he was being treated unfairly - specifically in articles written by 'the fake news'. The multimillionaire media mogul has since been vocal on X, expressing his frustrations with what he calls government 'tyranny'. Earlier this week, Reddy announced on his platform that he was prepared to take on the fight. 'The unelected agency state is trying to apply a new interpretation of the regulation on property rights that would give them unlimited property rights that can vary by homeowner, depending on their judgement,' he wrote on X, referencing the SC Department of Environmental Services' coastal bureau. In another post, Reddy wrote: 'we kneel to God, not government'. 'We're going to take back what belongs to us - the money and the power,' said another. The court proceedings are expected to last throughout the week. The judge isn't expected to decide whether Reddy must cough up the $289,000 fine - or rip out his controversial seawall - until the court battle wraps up.
Yahoo
05-05-2025
- General
- Yahoo
El Paso County asks community's help to stop illegal dumping of waste
(EL PASO COUNTY, Colo.) — El Paso County is asking for the community's help to keep the county clean and beautiful by reducing illegal dumping of waste in areas such as ditches, rural roads, and open spaces. According to El Paso County, the Division of Environmental Services offers free, year-round disposal opportunities for household waste and hazardous materials. These include weekly drop-off services and regular events like 'Clean Sweep,' which offers the chance to get rid of used tires, mattresses, and large electronics at no cost. In 2024, Environmental Services helped divert a large amount of waste from landfills and illegal dumping sites, including: 128 tons of paper, cardboard, and aluminum 115 tons of consumer electronics 24 tons of porcelain 64 tons of flammable materials 77,000 gallons of household paint 16,000 gallons of used motor oil 5,000 gallons of antifreeze 54,000 aerosol cans 36,000 cubic yards of organic material However, illegal dumping continues, and according to the county, it impacts private property, wildlife, and water systems. The county asks the community to help by: Call Environmental Services if you have waste to dispose of to learn about available programs, confirm capacity, or make an appointment. Reporting illegal dumping to the El Paso County Sheriff's Office Submitting concerns about trash accumulation on private property using the online reporting tool by clicking the link above or going to the following web page: Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
