By Katherine Hamilton
Montrose Environmental Group shares rose after it said it expects renewed demand under the Trump administration to help drive revenue in 2025.
The stock rose 28% to $22.29. It has gained about 20% of its value over the past three months.
The environmental testing and regulatory company said revenue rose 14% to $189.1 million in the fourth quarter, ahead of the $187.6 million expected by analysts, according to FactSet.
Montrose expects revenue to be $735 million to $785 million in 2025. Analysts expect $762.3 million. Adjusted earnings before interest, taxes, depreciation, and amortization is anticipated to be $101 million to $108 million, compared with Wall Street's estimates for $104.5 million.
Chief Executive Vijay Manthripragada said he expects more tailwinds than headwinds from the new U.S. presidential administration. Manthripragada is anticipating growing demand for services due to onshoring and more energy and industrial production.
Montrose said its loss widened to $28.2 million, or 90 cents a share, in the three months ended Dec. 31, from a loss of $1.44 million, or 18 cents a share, in the year prior.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
February 27, 2025 15:00 ET (20:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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