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Enviri (NVRI) Laps the Stock Market: Here's Why
ZACKS· 2025-02-05 00:20
The most recent trading session ended with Enviri (NVRI) standing at $9.30, reflecting a +1.2% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.3%, and the Nasdaq, a tech-heavy index, added 1.35%.The industrial services company's shares have seen an increase of 10.46% over the last month, surpassing the Business Services sector's gain of 5.25% and the S&P 500's gain of 1.02%.Investors will be eagerly watching for the performanc ...
Enviri Corporation Announces Timing of Fourth Quarter and Full Year 2024 Results and Conference Call
GlobeNewswire· 2025-01-29 13:00
Earnings Announcement - Enviri Corporation will release its fourth quarter and full year 2024 earnings results on February 20, 2025, before the NYSE market opens [1] - A quarterly conference call and webcast will be held on the same day at 9:00 a.m. ET [1] Conference Call Details - The conference call can be accessed via a US dial-in number (844) 481-2524 and an international dial-in number (412) 317-0553 [3] - Listeners are encouraged to join approximately ten minutes prior to the call [2] Company Overview - Enviri is a global leader in providing a wide range of environmental services and innovative solutions, focusing on recycling and reuse solutions for waste streams [3] - The company operates in over 150 locations across more than 30 countries, aiming to help customers address complex environmental challenges and achieve sustainability goals [3]
Enviri Announces Update to its Board of Directors Refreshment Plan
GlobeNewswire· 2025-01-21 13:00
Enters into Cooperation Agreement with Neuberger Berman Investment AdvisersPHILADELPHIA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams, today announced that, under its ongoing Board refreshment plan, the Company will add two new independent directors to its Board of Directors this year as part of a cooperation agreement with Neuberger Berman Investment Advisers (“Neuberger Berman”). E ...
Enviri Corporation Names Christophe Reitemeier President, Harsco Environmental
GlobeNewswire· 2024-12-23 12:15
Enviri Corporation Names Christophe Reitemeier President, Harsco Environmental Christophe Reitemeier President, Harsco Environmental A 25-year veteran of Harsco Environmental, Reitemeier previously served as CFO PHILADELPHIA, Dec. 23, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams today announced the appointment of Christophe Reitemeier to senior vice president and president, Harsco Environ ...
Enviri's ALTEK to Join REAL ALLOY's US Department of Energy Zero-Waste Recycling Project
GlobeNewswire News Room· 2024-11-26 21:15
ALTEK’s AluSalt™ salt slag processing technology selected by REAL ALLOY to achieve sustainability goalsREAL ALLOY plans to utilize ALTEK technology at its Indiana secondary aluminum recycling facility PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams, today announced that its subsidiary, ALTEK, will team with REAL ALLOY to build a zero-waste aluminum salt slag recycling faci ...
Leading Sustainable Asphalt Producer SteelPhalt™ Unveils New Brand Identity
GlobeNewswire News Room· 2024-11-26 13:00
Rebrand captures SteelPhalt’s™ sustainability focus, building on proud 60-year history Aligns with Harsco Environmental’s and Enviri’s focus on innovative customer solutions ROTHERHAM, United Kingdom, Nov. 26, 2024 (GLOBE NEWSWIRE) -- SteelPhalt™, a division of Harsco Environmental and a global leader in sustainable asphalt solutions, today unveiled a new brand identity that reflects its continuous commitment to sustainability through providing low-carbon products. SteelPhalt has been a pioneer in recycling ...
enviri(NVRI) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:29
Financial Data and Key Metrics Changes - Revenues totaled $574 million, down 4% on a reported basis, with modest organic growth excluding FX translation and divestitures [16] - Adjusted EBITDA was $85 million, an improvement of 3% year-over-year, driven primarily by Clean Earth [17] - Adjusted diluted loss per share was $0.01 for the quarter, with adjusted free cash flow showing a deficit of $34 million compared to a deficit of $7 million in the prior year [19][20] Business Line Data and Key Metrics Changes - **Harsco Environmental (HE)**: Revenues totaled $279 million, down 2% year-over-year, with adjusted EBITDA of $53 million, slightly lower than the prior year [22] - **Clean Earth (CE)**: Revenues totaled $237 million, down 1% year-over-year, but adjusted EBITDA increased 23% to $42 million, achieving a quarterly margin of 17.5% [23] - **Rail**: Revenues totaled $58 million with an adjusted EBITDA loss of $2 million, impacted by lower aftermarket and contracted services volumes [24] Market Data and Key Metrics Changes - The global steel market is experiencing a downturn due to excess capacity in China and reduced demand in key geographies, affecting HE's performance [9][28] - Demand for equipment aftermarket parts and services remains healthy outside of China, with a strong pipeline for Rail [10][26] Company Strategy and Development Direction - The company is focused on creating shareholder value through operational plans and strategic evaluations, aiming for EBITDA in excess of $400 million by 2027 [13] - There is a shift in the customer and contract mix towards growth markets such as India, Turkey, and Mexico, which is expected to provide a tailwind for future growth [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in the steel market and operational issues in Rail but remains optimistic about Clean Earth's growth and margin improvement [7][10] - The company expects a positive inflection in cash generation in 2025, driven by reduced pension contributions and improved Rail performance [31] Other Important Information - The company successfully exceeded its goal of generating $50 million to $75 million from asset sales, primarily from noncore businesses [11] - The pension fund in the UK is now fully funded, eliminating the need for further contributions [11] Q&A Session Summary Question: Impact of lower volumes in HE and cost flexibility - Management indicated that fixed fees provide some protection against volume declines, but there is still an impact until a certain threshold is reached [36] Question: Volume growth in Clean Earth - Clean Earth is experiencing healthy volume growth in the Health Care segment, while the industrial sector has shown softness [38] Question: Contract win/loss in the environmental segment - Management emphasized a strong pipeline of growth opportunities and a geographic shift towards growth markets [43][44] Question: Clean Earth's margin expansion potential - Management noted that future volume growth is expected to drive further margin expansion in Clean Earth [46] Question: Cash flow expectations for next year - Management expects significant improvement in Rail's cash performance, alongside reduced pension contributions and interest costs [49][50] Question: ETO contracts timeline and cash generation - Positive cash flow from smaller ETO contracts is expected next year, with larger contracts projected to generate substantial cash flow by 2027 [52] Question: Impact of Hurricane Helene on sales and EBITDA - The hurricane caused delays in shipments, impacting EBITDA by approximately $1 million to $2 million [53] Question: Noncontrolling interest and dividends - The gap between dividends and earnings is attributed to timing, with accumulated earnings leading to distributions [58]
enviri(NVRI) - 2024 Q3 - Quarterly Report
2024-10-31 17:08
Table of Contents Class Outstanding at October 24, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-03970 ENVIRI CORPORATION (Exact name of registrant as specified in its charte ...
enviri(NVRI) - 2024 Q3 - Earnings Call Presentation
2024-10-31 15:17
| --- | --- | --- | |-------|-------------------------------------------------------|-------| | | | | | | | | | | Q3 2024 Quarterly Results and Outlook Conference Call | | | | October 31, 2024 | | © 2024 Enviri. All Rights Reserved. This document and the information set forth herein are the property of Enviri. 1 ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Enviri's quarterly earnings, including the Company's earnings press release issued today and this presentation, is ...
enviri(NVRI) - 2024 Q3 - Quarterly Results
2024-10-31 12:02
Exhibit 99.1 Investor Contact Media Contact David Martin Karen Tognarelli +1.267.946.1407 +1.717.480.6145 dmartin@enviri.com ktognarelli@enviri.com FOR IMMEDIATE RELEASE • Third quarter revenues totaled $574 million; organic growth in the quarter was 1% • Q3 GAAP operating income of $37 million • Adjusted EBITDA in Q3 totaled $85 million, an increase of 3% over the prior-year quarter • Completed sale of Reed Minerals, enabling Company to surpass 2024 asset sales goal of $50 to $75 million • Refinanced revol ...