With 1,700 employees across 70 locations around the world, Montrose combines deep local knowledge with an integrated approach to design, engineering, and operations, enabling the Company to respond effectively and efficiently to the unique requirements of each project. [])-[])), +((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+[])+(+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]-(!![]))+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])-[])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]+(!![])+!![]))/+((!+[]+(!![])+!![]+!![]+!![]+!![]+!![]+!![]+!![]+[])+(!+[]+(!![])+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![])+(!+[]+(!![])+!![]+!![]+!![]+!![])+(!+[]+(!![])+!![])+(!+[]+(!![])-[])+(!+[]+(!![])-[])+(!+[]+(!![])+!![])+(!+[]+(!![])+!![]+!! The addition of CTEH and its over 170 highly credentialed employees is strategically additive to the Permitting, Response and Assessment segment and represents substantial potential revenue synergies for various service lines that are mainly in the Measurement and Analysis and Remediation and Reuse segments. Salary £46,793 - … EXEC. Total revenue in the second quarter of 2020 increased 28.5% to $73.8 million, compared to $57.4 million in the prior year quarter. Total revenue in the first six months of 2020 increased 24.4% to $134.8 million, compared to $108.4 million in the prior year period. - Delivered Strong Second Quarter Results and Cash Flow Performance -, - Completed Initial Public Offering in July 2020 -, - Provides Full Year 2020 Double-Digit Growth Outlook -.
Excluding contingent earnout payments cash flow from operations was $4.6 million, compared to $4.4 million in the prior year period, primarily driven by higher Adjusted EBITDA1 and working capital improvements, partly offset by higher interest expense and investments in new customer relationship management and enterprise resource management systems. Net income was $13.2 million, compared to a net loss of $0.3 million in the prior year quarter.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND, COST OF REVENUES (exclusive of depreciation and, SELLING, GENERAL AND ADMINISTRATIVE EXPENSE, ACCRETION OF REDEEMABLE SERIES A-1 PREFERRED, NET INCOME (LOSS) ATTRIBUTABLE TO COMMON STOCKHOLDERS, NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO COMMON, UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.
Revenues in the Assessment, Permitting and Response segment increased significantly, mainly due to the acquisition of CTEH in April 2020. The environmental emergency response component of CTEH’s revenues may add to the Company’s quarterly earnings variability.
Investor Relations: FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. President, Chief Executive Officer & Director, Total revenue of $73.8 million increased 28.5% compared to the prior year quarter, Net income of $13.2 million compared to a net loss of $0.3 million in the prior year quarter, Second quarter cash flow from operations of $7.4 million, or $13.6 million excluding contingent earnout payments, up from $4.3 million in the prior year quarter, Total revenue of $134.8 million increased 24.4% compared to the prior year period, Net loss of $28.0 million compared to a net loss of $5.6 million in the prior year period. CASH, CASH EQUIVALENTS AND RESTRICTED CASH: SUPPLEMENTAL DISCLOSURES OF CASH FLOWS INFORMATION: SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING, Accrued purchases of property and equipment, Property and equipment purchased under capital leases, Accretion of the Redeemable Series A-1 Preferred Stock to redeemable value, Acquisitions unpaid contingent liabilities, Common stock issued to acquire new businesses, Offering costs included in accounts payable and other accrued liabilities.
Excluding discontinued services, which generated revenues of $3.8 million and $11.0 million in the 2020 and 2019 periods, respectively, total revenue increased 34.5%.
We encourage investors and others to review our financial information in its entirety, not to rely on any single measure and to view Adjusted EBITDA and Adjusted EBITDA margin in conjunction with the related GAAP measures. In addition to our results under GAAP, in this release we also present certain other supplemental financial measures of financial performance that are not required by, or presented in accordance with, GAAP, including Adjusted EBITDA and Adjusted EBITDA margin. As of June 30, 2020, the Company had cash of $44.8 million and total debt of $207.3 million. Authorized, issued and outstanding shares: 12,000 at June 30, 2020 and December 31, 2019; aggregate liquidation preference of $152,199 and $141,898 at June 30, 2020, CONVERTIBLE AND REDEEMABLE SERIES A-2 PREFERRED STOCK $0.0001, Authorized, issued and outstanding shares: 17,500 and 0 at June 30, 2020 and, December 31, 2019, respectively; aggregate liquidation preference of $179,600 and. Additionally, we have provided estimates regarding Adjusted EBITDA and Adjusted EBITDA margin for 2020. In April 2020, the Company entered into a new $225 million credit facility, comprised of a $175 million term loan and a $50 million revolving credit facility, and used a portion of the proceeds to repay all amounts outstanding under the prior senior secured credit facility. East Resources Acquisition Company Announces Pricing of $300 Million Initial Public Offering, REPLAY – EVs, Batteries, and ESG: Webinar with TechMet CEO – Investing in Metals to Fuel the Technology of the Future, Datto Announces Pricing of Its Initial Public Offering, Horizon Acquisition Corporation II Announces Pricing of $500 Million Initial Public Offering, Codiak Announces Pricing of Initial Public Offering, TPG Pace Beneficial Finance Corp. Completes $350,000,000 Initial Public Offering, Bicycle Therapeutics Announces Pricing of Initial Public Offering, Pactiv Evergreen Inc. (Currently Known as Reynolds Group Holdings Limited) Files Registration Statement for Proposed Initial Public Offering, Frequency Therapeutics Announces Pricing of Initial Public Offering, Prevail Therapeutics Announces Pricing of Initial Public Offering, INTERVIEW: Former Cole Haan CEO Launches Consumer SPAC Empower, Exploring Non-Dilutive Grant Funding for Clinical Trial Initiatives: Q&A with Mydecine CEO Josh Bartch, INTERVIEW: Akerna Launches MJ Retail: 5 Questions With Jessica Billingsley, Ride the Wellness Wave with Whole Earth Brands – Now on Even Sweeter Terms, This Exotic Strategy for Playing Virgin Galactic Warrants Attention, EXCLUSIVE: High Times Launches Streaming-Video Channel – The Netflix of Cannabis.
Represent start-up losses related to losses incurred on (i) the expansion of lab testing methods and lab capacity, including into new geographies, (ii) expansion of our Canadian testing capacity in advance of new regulations and (iii) expansion into Europe in advance of projects driven by new regulations. Adjusted EBITDA margin1 improved 490 basis points to 18.8%, compared to 13.9% in the prior year quarter, mainly due to operating leverage at the segment level and temporary cost containment in response to COVID-19, which more than offset investments to support the Company’s public company infrastructure. The increase in revenues was driven by growth in the Measurement and Analysis segment and growth in the Remediation and Reuse segment, partly attributable to acquisitions. Programme Manager. IRVINE, Calif.-(BUSINESS WIRE)-Montrose Environmental Group, Inc. (the "Company" or "Montrose") announced today that it has commenced an initial public offering of 10,000,000 shares of its common stock, all of which are being offered by the Company. Montrose Environmental Group, Inc. (the “Company,” “Montrose” or “MEG”) (NYSE: MEG) today announced results for the second quarter ended June 30, 2020 and provided full year 2020 outlook. Input your search keywords and press Enter. Forward-looking statements are based on current information available at the time the statements are made and on management’s reasonable belief or expectations with respect to future events, and are subject to risks and uncertainties, many of which are beyond the Company’s control, that could cause actual performance or results to differ materially from the belief or expectations expressed in or suggested by the forward-looking statements.
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Their prepared remarks will be followed by a question and answer session. Changes in operating assets and liabilities—net of acquisitions: Prepaid expenses and other current assets, Payment of contingent consideration and other assumed purchase price obligations, Net cash (used in) provided by operating activities, Proceeds from net working capital adjustment related to acquisitions, Cash paid for acquisitions—net of cash acquired, Issuance of convertible and redeemable Series A-2 preferred stock and warrant, Net cash provided by financing activities, CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH. Your browser will redirect to your requested content shortly.