earnings
confidence high
sentiment negative
materiality 0.60
Enviri Q2 2024: GAAP net loss $11.2M; adjusted EBITDA $102.9M, reaffirms FY guidance
ENVIRI Corp
2024-Q2 EPS reported
-$0.39
revenue$1,210,310,000
- Revenue $595M (-1% YoY); GAAP diluted loss per share $0.14 vs. prior year income of $0.17.
- Adjusted diluted EPS from cont. ops $0.28 (vs. $0.30 last year); adjusted EBITDA $102.9M (-3.8% YoY).
- Harsco Env. segment rev $350M, adj. EBITDA $74M; Clean Earth rev $245M, adj. EBITDA $35M.
- Reaffirms FY2024 adj. EBITDA guidance $320M-$365M; YTD cash from ops $37M vs. $64M.
- Net debt $1.56B; YTD free cash flow negative $15M vs. positive $15M prior year.