Enviri Q4 Earnings Call Highlights

Grasberger also addressed the expected cash payout range tied to the transaction, which remains $14.50 to $16.50. He said the company is “not yet in a position to narrow” that range, as the final amount will depend on the timing of closing, Enviri’s cash flow up to that point, and how much cash the company decides is prudent to retain to support Rail’s engineered-to-order (ETO) contracts. He added that New Enviri “may decide” to retain more cash for these contracts than previously hoped and said discussions ...