Welcome to our dedicated page for Enviri news (Ticker: NVRI), a resource for investors and traders seeking the latest updates and insights on Enviri stock.
Enviri Corporation (NYSE: NVRI) is a Philadelphia-based global environmental services company that regularly issues news and updates on its operations, financial performance, and strategic plans. The company describes itself as a global, market-leading provider of environmental solutions for industrial and specialty waste streams, operating through businesses including Harsco Environmental, Harsco Rail, and Clean Earth.
News about Enviri commonly covers quarterly and annual earnings announcements, conference call schedules, and participation in investor conferences. The company releases details on revenues, segment performance for Harsco Environmental, Clean Earth, and Harsco Rail, and updates on its strategic alternatives process and capital structure, as reflected in its public communications.
Operational updates from Enviri’s divisions appear frequently in its news flow. Clean Earth has announced new service centers, such as a facility in Syracuse, New York, and technology investments like a foam fractionation unit in Detroit, Michigan to treat PFAS in aqueous materials. Harsco Environmental has reported multi‑year contracts and expansions, including agreements in India with Jindal Stainless and new contracts in Slovakia for briquetting and scrap cleaning services that support sustainability and operational efficiency for industrial customers.
Enviri’s news also includes information on major corporate transactions and governance developments. Recent releases describe a definitive agreement to sell the Clean Earth business to Veolia Environnement S.A. and a related taxable spin-off of the Harsco Environmental and Harsco Rail businesses into a standalone publicly traded company referred to as New Enviri. Additional items include executive leadership changes, such as appointments in finance and legal roles, and details on upcoming earnings calls. Investors and observers can use this news stream to follow Enviri’s financial reporting, strategic transactions, and operational initiatives across its global environmental services platform.
Enviri (NYSE: NVRI) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 20, 2025, before the NYSE market opens. The company will host a conference call and webcast at 9:00 a.m. ET on the same day.
Investors and analysts can access the live call through the company's website investor relations section at www.enviri.com or by dialing (844) 481-2524 for US participants and (412) 317-0553 for international callers. Participants are advised to dial in ten minutes before the call starts. A webcast archive will be available on the company's website for those unable to attend the live call.
Enviri (NYSE: NVRI) announced updates to its Board refreshment plan through a cooperation agreement with Neuberger Berman Investment Advisers. The company will add two new independent directors in 2025, mutually agreed upon by both parties. The first appointment will coincide with the 2025 Annual Meeting, and the second will occur within eight months.
As part of the plan, two incumbent directors will step down: one at the 2025 Annual Meeting and another at the following Annual Meeting. The company has already refreshed its Board with three new members in the past four years and plans additional changes in 2026. This initiative aims to enhance skillsets aligned with the company's long-term strategy.
Neuberger Berman, a long-term shareholder, expressed strong belief in Enviri's potential and commitment to working with management to unlock significant value during the company's transformation phase.
Enviri (NYSE: NVRI) has appointed Christophe Reitemeier as senior vice president and president of Harsco Environmental, effective January 1, 2025. Reitemeier, a 25-year veteran of Harsco Environmental, has served as vice president and chief financial officer since 2020. He will be based at the company's headquarters in England and is already a member of Enviri's Executive Leadership Team.
Reitemeier joined Harsco Environmental in 1999 and brings international experience from his previous roles at Arthur Andersen in France and DS Smith. He holds a master's degree in management with a finance specialization from NEOMA Business School. He succeeds Mauro Curi, who passed away in September.
Enviri 's subsidiary ALTEK has partnered with REAL ALLOY to develop a zero-waste aluminum salt slag recycling facility in Wabash, Indiana, in collaboration with the U.S. Department of Energy. The project will utilize ALTEK's AluSalt™ technology to recycle metallics and salts while recovering non-metallic products. The technology aims to reduce carbon emissions, eliminate landfill waste, and generate reusable byproducts for the cement and steel industries. ALTEK, acquired by Enviri in 2018, currently operates in over 600 locations worldwide, focusing on improving operating efficiencies and waste management in the aluminum industry.
SteelPhalt, a division of Harsco Environmental and sustainable asphalt solutions leader, has unveiled a new brand identity reflecting its commitment to sustainability and low-carbon products. The company's updated logo features a dual-arrow icon symbolizing the transformation of steel slag into sustainable asphalt. With a 60-year history in recycling and high-performance asphalt production, SteelPhalt plans to expand its operations to Bilbao, Spain. The company's process reduces the need for quarried aggregate while providing a sustainable waste solution for steelmakers. The rebranding aligns with their corporate membership in the Sheffield & Rotherham Wildlife Trust.
Divert, an impact technology company focused on food value protection, has appointed Timothy M. Laurion to its parent company's board of directors. Laurion brings over 41 years of corporate and investment banking experience from Bank of America, where he served as managing director and senior corporate banker. As one of the nation's leading environmental services bankers, he has structured over $100 billion in credit facilities and maintained relationships with top environmental firms. He currently serves on the board of Enviri (NYSE: NVRI) and brings extensive experience in strategic advisory, capital raising, and mergers and acquisitions.
Enviri (NYSE: NVRI) reported Q3 2024 revenues of $574 million with 1% organic growth. The company achieved $37 million in GAAP operating income and $85 million in Adjusted EBITDA, up 3% year-over-year. The quarter saw a GAAP diluted loss per share of $0.15 and adjusted diluted loss per share of $0.01. The company completed the sale of Reed Minerals, surpassing its 2024 asset sales goal. The company revised its 2024 Adjusted EBITDA guidance to $317-327 million, with the mid-point lowered by 3% due to Reed Minerals sale and other factors.
Harsco Environmental has secured a 10-year services contract with Nucor Steel Kingman in Arizona, expanding its presence in the state. Starting in 2025, the company will provide comprehensive services including slag recovery from the melt shop, slag processing and metal recovery, scrap yard management, and ecoproducts™ sales. The agreement includes the sale of recovered metallics and processed slag as an environmentally friendly alternative for natural aggregate and mill scale.
Enviri (NYSE: NVRI) has announced the timing for its third quarter 2024 earnings release and conference call. The company will release its Q3 2024 results on Thursday, October 31, 2024, before the NYSE market opens. A conference call and webcast will follow at 9:00 a.m. ET on the same day.
Investors and analysts can access the live call using the following dial-in numbers:
- US: (833) 630-1956
- International: (412) 317-1837
Participants are advised to dial in about ten minutes before the call starts. The webcast will be available in the Investor Relations section of Enviri's website at www.enviri.com. For those unable to join live, an archived version of the webcast will be accessible on the company's website.
Enviri (NYSE: NVRI) has announced the renewal of its $150 million accounts receivable securitization facility with PNC Bank, N.A. The facility, which was originally set to mature in June 2025, has been extended for three years and will now mature in October 2027.
Tom Vadaketh, senior vice president and chief financial officer, stated that this renewal aligns with Enviri's strategic priorities and efforts to increase cash flow and reduce leverage to 2.5x in the coming years. The company views this facility as an important and cost-effective part of its capital structure, supporting its plan to drive value creation for shareholders.