Harsco Q1 adj EBITDA $63M beats guidance; FY23 outlook raised to $260-275M

ENVIRI Corp

2023-Q1 EPS reported -$0.12 revenue$495,653,000

Q1 revenue $496M (+9% YoY); GAAP operating income $29M vs $8M a year ago.
GAAP diluted EPS loss $0.12, adjusted loss $0.11 vs adjusted loss $0.01 in Q1 2022.
Clean Earth adj EBITDA surged to $27M from $10M; margin improved to 12.3% from 5.3%.
FY23 adjusted EBITDA guidance raised to $260-275M from $240-260M; free cash flow raised to $25-45M.
Credit agreement net leverage ratio fell to 4.9x from 5.3x at year-end 2022.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENVIRI Corp reported the first quarter ended March 31, 2023 results: revenue $496 million, EPS diluted loss per share from continuing operations was $0.12. Guidance raised.

Period: the first quarter ended March 31, 2023
Revenue: $496 million
EPS: diluted loss per share from continuing operations was $0.12
Guidance: raised
Result: reported results

Exact text from the filing

Cooney 267.857.8017 jcooney@harsco.com FOR IMMEDIATE RELEASE HARSCO CORPORATION REPORTS FIRST QUARTER 2023 RESULTS • First Quarter Revenues from Continuing Operations Totaled $496 Million, an Increase of 9 Percent Over the Prior-Year Quarter (or 12 Percent Excluding FX Translation Impacts) • Q1 GAAP Operating Income from Continuing Operations of $29 Million •

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Source: SEC EDGAR

accession 0000045876-23-000016

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