Enviri Corporation Reports First Quarter 2025 Results

Core Insights - Enviri Corporation reported first quarter 2025 revenues of $548 million, a decrease of 9$600 million [4][6] - The company experienced a GAAP consolidated loss from continuing operations of $11 million in Q1 2025, an improvement from a loss of$16 million in Q1 2024 [4][6] - Adjusted EBITDA for Q1 2025 was $67 million, down from$78 million in the prior year, but exceeded the company's guidance of $57 million to$63 million [5][6] Financial Performance - The diluted loss per share from continuing operations on a GAAP basis was $0.15 in Q1 2025, compared to$0.21 in Q1 2024 [2][4] - Adjusted diluted loss per share from continuing operations was $0.18 in Q1 2025, significantly higher than the adjusted loss of$0.03 in the same quarter of 2024 [2][4] - The company reaffirmed its 2025 Adjusted EBITDA guidance range of $305 million to$325 million and free cash flow outlook of $30 million to$50 million [5][12] Segment Performance - Harsco Environmental reported revenues of $243 million in Q1 2025, down from$299 million in Q1 2024, with an adjusted EBITDA of $39 million compared to$49 million in the prior year [7][8] - Clean Earth achieved revenues of $235 million, a 4$226 million in Q1 2024, with adjusted EBITDA rising to $38 million from$34 million [8][9] - Harsco Rail's revenues decreased to $70 million from$75 million year-over-year, with an adjusted EBITDA loss of $2 million compared to a profit of$2 million in the prior year [9][10] Cash Flow and Outlook - Net cash provided by operating activities was $7 million in Q1 2025, an increase from$1 million in the prior year [11] - Adjusted free cash flow was $(13) million in Q1 2025, an improvement from$(17) million in Q1 2024 [11] - The company anticipates that economic conditions will remain stable for the remainder of 2025, despite elevated economic uncertainty [12][13]