Enviri Corporation’s Q3 Results and Strategic Moves

Enviri Corporation ( (NVRI) ) has released its Q3 earnings. Here is a breakdown of the information Enviri Corporation presented to its investors.

Enviri Corporation is a global leader in environmental services, providing recycling and reuse solutions to help customers achieve sustainability goals. In the third quarter of 2024, Enviri Corporation reported revenues of $574 million with a GAAP operating income of $37 million, despite facing challenges in some of its segments. The company achieved a 3% increase in adjusted EBITDA compared to the previous year, reaching $85 million, primarily due to strong performance from its Clean Earth segment. Enviri’s strategic initiatives included the sale of Reed Minerals, contributing to surpassing its asset sales goal for 2024, and refinancing credit facilities to enhance financial flexibility. Enviri’s outlook for 2024 reflects ongoing challenges in Harsco Environmental and Harsco Rail, yet the company remains focused on executing its growth plan and enhancing shareholder value over time.