earnings
confidence high
sentiment negative
materiality 0.80
Harsco Q2 adjusted EPS $0.01 vs $0.20; cuts FY22 adjusted EBITDA guide to $210-220M
ENVIRI Corp
2022-Q2 EPS reported
-$1.83
revenue$933,849,000
- Q2 revenues $481M (+3% YoY); GAAP loss $1.34/share includes $105M Clean Earth goodwill impairment.
- Adjusted EBITDA $49M vs $67M; adjusted EPS $0.01 vs $0.20 prior year.
- Clean Earth adjusted EBITDA plunged to $5M from $18M on inflation; company launches >$30M profit improvement plan.
- FY22 guidance cut: adjusted EBITDA $210-220M (was $250-265M); free cash flow raised to $115-125M on AR securitization.