Enviri Corporation provides environmental services and related solutions for industrial and specialty waste streams, with business activity reported through Harsco Environmental, Clean Earth and Harsco Rail. Company news commonly covers earnings releases and conference calls, recycling and reuse services, regulated waste management, rail equipment and technology, and sustainability-related operating updates.
Recurring developments include Clean Earth recycling capabilities for electronic waste and end-of-life solar panels, Harsco Environmental ecoproducts such as SteelPhalt asphalt made with recycled steel slag, environmental product declaration tools, and updates on customer solutions, permits, governance matters and portfolio activity.
Enviri (NYSE: NVRI), a global provider of environmental solutions, is hosting its 2024 Analyst Day in Philadelphia today, June 20. Key executives, including CEO Nick Grasberger, will discuss the company's financial priorities and outlook. Enviri aims for mid-single-digit revenue growth and 10-12% adjusted EBITDA growth annually over the next three years. The company plans to reduce its debt, targeting a leverage ratio of 2.5x by 2027. Clean Earth, a division of Enviri, has increased its EBITDA margin target to 17%. The event will include presentations and a Q&A session, focusing on Enviri's growth potential and sustainability efforts.
Enviri (NYSE: NVRI) reported first quarter 2024 results with revenues totaling $600 million, a 7% increase over the prior-year quarter. GAAP operating income was $26 million, and Adjusted EBITDA was $78 million, a 19% increase year-on-year. The company's 2024 outlook for Clean Earth and Harsco Environmental remains consistent with previous guidance, showing strong performance and positive future prospects.
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