Onterris Slashes 2026 Revenue and EBITDA Guidance, Launches Strategic Review
ONT sits 24% above its 52-week low of $14.13.
Summary
Onterris reported Q2 revenue of $186.7M, down 20% YoY, driven by a collapse in environmental emergency response revenue. Adjusted EBITDA fell to $31.9M from $39.6M, though margins expanded slightly. The company slashed full-year revenue guidance by $100M at the midpoint and cut EBITDA guidance by $9M, citing persistently low emergency work. A board-led strategic review was announced, signaling potential major changes. Despite the cuts, cash flow expectations are largely unchanged, and the company bought back $30M in stock in H1. The strategic review adds uncertainty but could unlock value.
At the time of this announcement, ONT was trading at $17.49 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $817.8M. The 52-week trading range was $14.13 to $32.00. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.