Enviri Q2 revenue falls 8% yr/yr
Overview
Enviri Q2 revenue falls 8% yr/yr to $562 mln
Adjusted EBITDA declines to $65 mln from $86 mln in prior year
Co announces strategic review to unlock shareholder value
Outlook
Enviri expects 2025 Adjusted EBITDA of $290 mln to $310 mln
Company projects 2025 Free Cash Flow of $15 mln to $35 mln
Harsco Rail demand weak, impacting 2025 outlook
Clean Earth 2025 Adjusted EBITDA expected to rise
Result Drivers
CLEAN EARTH PERFORMANCE - Record earnings driven by higher volumes and pricing, despite operational challenges
HARSHCO ENVIRONMENTAL DECLINE - Revenue impacted by divestitures, site closures, and lower eco-product volumes
HARSHCO RAIL CHALLENGES - Weak demand and operational challenges, exacerbated by global trade tensions
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | $562 mln | ||
Q2 Adjusted EBITDA | $65 mln | ||
Q2 Adjusted EBITDA Margin | 11.5% | ||
Q2 Adjusted EPS continuing operations | -$0.22 | ||
Q2 EPS continuing operations | -$0.58 | ||
Q2 Operating Income | -$7 mln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy."
Wall Street's median 12-month price target for Enviri Corp is $11.00, about 21.5% above its August 4 closing price of $8.63
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