Quarterly ResultMay 6, 2026, 04:09 PM
Onterris Q1 Revenue $168.5M, Net Loss Improves to $12.7M; Rebrands
AI Summary
Onterris, Inc. reported first-quarter 2026 financial results, with revenue decreasing to $168.5 million primarily due to lower emergency response and weather-related impacts. Despite this, net loss improved to $12.7 million, and diluted adjusted EPS increased to $0.12. The company reiterated its full-year 2026 guidance for revenue and Adjusted EBITDA and announced its rebranding from Montrose Environmental Group, Inc. to Onterris, Inc., alongside a segment realignment.
Key Highlights
- Rebranded from Montrose Environmental Group, Inc. to Onterris, Inc. on April 17, 2026.
- Q1 2026 revenue decreased 5.2% to $168.5 million from $177.8 million YoY.
- Net loss improved to $12.7 million ($0.35 LPS) from $19.4 million ($0.64 LPS) YoY.
- Diluted Adjusted Net Income per share was $0.12, up from $0.07 YoY.
- Consolidated Adjusted EBITDA decreased to $17.8 million from $19.0 million YoY.
- Reiterated full-year 2026 revenue guidance of $840 million to $900 million.
- Reiterated full-year 2026 Adjusted EBITDA guidance of $125 million to $130 million.
- Plans to restart smaller, bolt-on acquisitions over 2026.