earnings
confidence high
sentiment positive
materiality 0.75
Enviri Q2 adj EBITDA $78M beats guidance; raises FY outlook to $270-285M
ENVIRI Corp
2023-Q2 EPS reported
-$0.26
revenue$1,015,821,000
- Q2 revenues $520M (+8% YoY); GAAP operating income $24M.
- Adjusted EBITDA $78M, above guidance $65–72M and up 58% YoY.
- Full-year adjusted EBITDA guidance raised to $270–285M from prior $260–275M.
- Clean Earth adj EBITDA surged to $35M from $5M YoY; Harsco Environmental adj EBITDA stable at $53.2M.
- Credit agreement net leverage improved to 4.6x from 5.3x at end of 2022.