Enviri Q3 rev $525M (+8%), adj EBITDA $79M (beat guide); raises FY adj EBITDA view to $282-289M

ENVIRI Corp

2023-Q3 EPS reported -$0.40 revenue$1,540,409,000

GAAP operating income $30M flat; GAAP diluted EPS -$0.11 vs $0.01; adjusted EPS $0.05 vs $0.10 prior year.
Harsco Environmental adj EBITDA $54M (+6%); Clean Earth adj EBITDA $34M (+21%) with margin up to 14.2%.
Free cash flow (ex-Rail) $10M, improved from -$31M prior year; net leverage down to 4.5x.
Full-year 2023 adj EBITDA guidance raised to $282-289M from prior $270-285M; Q4 outlook $62-69M.
Rail business sale process ongoing; management confident of agreement in coming months.

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 third quarter ended September 30, 2023 results: revenue $525 million, net income diluted loss per share from continuing operations was $0.11, EPS $0.05. Guidance reaffirmed.

Period: third quarter ended September 30, 2023
Revenue: $525 million
Net income: diluted loss per share from continuing operations was $0.11
EPS: $0.05
Guidance: reaffirmed
Result: reported results

Exact text from the filing

dmartin@enviri.com jcooney@enviri.com FOR IMMEDIATE RELEASE ENVIRI CORPORATION REPORTS THIRD QUARTER 2023 RESULTS • Third Quarter Revenues from Continuing Operations Totaled $525 Million, an Increase of 8 Percent Over the Prior-Year Quarter • Q3 GAAP Operating Income from Continuing Operations of $30 Million • Adjusted EBITDA from Continuing Operations in Q3

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Source: SEC EDGAR

accession 0000045876-23-000061

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