secwatch.observer — SEC 8-K summary
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Issuer:     ENVIRI Corp (NVRI)
CIK:        0000045876
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000045876-23-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/45876/000004587623000061/0000045876-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/45876/000004587623000061/hsc-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000045876-23-000061

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