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enviri(NVRI) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:29
Enviri Corporation (NYSE:NVRI) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Dave Martin – Vice President-Investor Relations Nick Grasberger – Chairman and Chief Executive Officer Tom Vadaketh – Senior Vice President and Chief Financial Officer Conference Call Participants Rob Brown – Lake Street Capital Markets Larry Solow – CJS Securities Brian Butler – Stifel Devin Dodge – BMO Capital Markets Operator Good morning. My name is Danielle, and I’ll be your conference facil ...
enviri(NVRI) - 2024 Q3 - Quarterly Report
2024-10-31 17:08
Table of Contents Class Outstanding at October 24, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-03970 ENVIRI CORPORATION (Exact name of registrant as specified in its charte ...
enviri(NVRI) - 2024 Q3 - Earnings Call Presentation
2024-10-31 15:17
| --- | --- | --- | |-------|-------------------------------------------------------|-------| | | | | | | | | | | Q3 2024 Quarterly Results and Outlook Conference Call | | | | October 31, 2024 | | © 2024 Enviri. All Rights Reserved. This document and the information set forth herein are the property of Enviri. 1 ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Enviri's quarterly earnings, including the Company's earnings press release issued today and this presentation, is ...
enviri(NVRI) - 2024 Q3 - Quarterly Results
2024-10-31 12:02
Exhibit 99.1 Investor Contact Media Contact David Martin Karen Tognarelli +1.267.946.1407 +1.717.480.6145 dmartin@enviri.com ktognarelli@enviri.com FOR IMMEDIATE RELEASE • Third quarter revenues totaled $574 million; organic growth in the quarter was 1% • Q3 GAAP operating income of $37 million • Adjusted EBITDA in Q3 totaled $85 million, an increase of 3% over the prior-year quarter • Completed sale of Reed Minerals, enabling Company to surpass 2024 asset sales goal of $50 to $75 million • Refinanced revol ...
Enviri Corporation Reports Third Quarter 2024 Results
GlobeNewswire News Room· 2024-10-31 11:00
Third quarter revenues totaled $574 million; organic growth in the quarter was 1%Q3 GAAP operating income of $37 millionAdjusted EBITDA in Q3 totaled $85 million, an increase of 3% over the prior-year quarterCompleted sale of Reed Minerals, enabling Company to surpass 2024 asset sales goal of $50 to $75 millionRefinanced revolving credit and accounts receivable securitization facilities, enhancing financial flexibility2024 Adjusted EBITDA now expected to be within range of $317 million and $327 million; mid ...
Enviri Corporation renews Accounts Receivable Securitization Facility
GlobeNewswire News Room· 2024-10-01 20:15
PHILADELPHIA, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it has renewed its accounts receivable securitization facility of $150 million with PNC Bank, N.A. The facility, originally set to mature in June 2025, will again have a term of three years and will now mature in October 2027. "We are pleased to renew this facility with PNC," said Tom Vadaketh, senior vice president and chief financial officer. "We continue to proactively address future debt maturities as we ...
Is Enviri (NVRI) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2024-09-11 14:35
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Enviri (NVRI) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Enviri currently has an average brokerage recommendation (ABR) ...
Enviri certified as a Most Loved Workplace
GlobeNewswire News Room· 2024-09-10 12:00
Certification through Best Practice Institute demonstrates commitment to cultural excellence and continuous improvement The Company's highest-ranking areas include trust, honesty, and teamwork PHILADELPHIA, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams, achieved certification as a 2024 Most Loved Workplace®. Enviri was also named to this list in 2022. "We're grateful for our dedicate ...
Enviri Corporation completes refinancing of Revolving Credit Facility
GlobeNewswire News Room· 2024-09-05 20:15
PHILADELPHIA, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it has amended and extended its senior secured revolving credit facility (the "Revolving Credit Facility"). The Company's new $625 million revolving credit facility (the "Extended Revolving Credit Facility") will mature on September 5, 2029. Additionally, the Company will maintain its existing Revolving Credit Facility for an amount of $50 million with certain lenders (together with the Extended Revolving C ...
Enviri Corporation announces sale of Reed Minerals
GlobeNewswire News Room· 2024-08-29 20:15
PHILADELPHIA, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) announced today that it has sold its Reed Minerals business to Speyside Equity for $45 million in cash, subject to postclosing adjustments. Enviri expects to use the net cash proceeds from the transaction to reduce debt and further strengthen its balance sheet. Importantly, the Company has now surpassed its 2024 asset sale goal of $50 to $75 million of proceeds with this transaction. Speyside Equity is a global private equity fi ...