Harsco lowers 2022 Adjusted EBITDA guidance to $210-$220M due to inflation, records $100M goodwill impairment

ENVIRI Corp

2022-Q2 EPS reported -$1.83 revenue$933,849,000

Q2 2022 expected GAAP operating loss of $95M-$97M including ~$100M non-cash goodwill impairment for Clean Earth
Clean Earth Q2 Adjusted EBITDA expected ~$5M, $12M below prior implied guidance; cost inflation on transportation and logistics
Company implementing cost reduction and pricing actions expected to deliver >$30M second-half 2022 benefits
Full-year 2022 Adjusted EBITDA guidance reduced to $210-$220M from $250-$265M; HE $208-$214M, CE $40-$44M
Rail divestiture process ongoing; company expects to remain in compliance with financial covenants

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