Environmental Regulations - New checks are being implemented to prevent used tires from being sent to furnaces [1]

Core Viewpoint - The Board of Directors of Lassila & Tikanoja plc has approved a demerger plan to separate its Circular Economy business into a new independent listed company, enhancing shareholder value and operational focus [1][3][4]. Demerger Overview - The demerger will transfer all assets, debts, and liabilities related to the Circular Economy business to a new company named New Lassila & Tikanoja, while the existing company will retain its Facility Services business and be renamed Luotea [1][7]. - The demerger is subject to approval by the Extraordinary General Meeting (EGM) scheduled for 4 December 2025, with a planned completion date of 31 December 2025 [7][11]. Strategic Rationale - The separation is expected to increase shareholder value by allowing each business area to execute focused strategies and growth opportunities more effectively [3][4]. - Improved agility, independent decision-making, and stronger management focus are anticipated to enhance the performance of both New Lassila & Tikanoja and Luotea [4][5]. Market Position and Growth Potential - The New Lassila & Tikanoja is positioned in a growing circular economy market valued at approximately EUR 8.7 billion across Finland and Sweden, with an expected annual growth rate of 3% [9]. - Luotea operates in a stable property services market with a target size of approximately EUR 12.2 billion, expected to grow at about 4% annually [9]. Financial Information - For the period from 1 July 2024 to 30 June 2025, the Circular Economy business reported net sales of EUR 415.2 million and an adjusted EBITDA margin of 20.7% [15]. - The New Lassila & Tikanoja aims for an average annual net sales growth of over 6% and an adjusted EBITA margin of 11% in the mid-term [21]. Shareholder Support - Major shareholders, holding approximately 27.59% of the shares, have committed to vote in favor of the demerger at the upcoming EGM [29]. Management Structure - The intended management for the New Lassila & Tikanoja includes Jukka Leinonen as Chairman and Eero Hautaniemi as President and CEO, while Johan Mild is proposed as Chairman and Antti Niitynpää as President and CEO for Luotea [7][24][26].

Financial Performance - Net sales for the first half of 2025 totaled EUR 371.8 million, a decrease of 3.2% compared to EUR 384.2 million in the same period last year [3][6][13] - Adjusted operating profit for January–June was EUR 17.6 million, up 38.5% from EUR 12.7 million in the previous year [3][6][13] - Net cash flow from operating activities after investments improved to EUR 2.4 million from a negative EUR 3.7 million in the comparison period [3][6][29] Business Segments - In the Circular Economy Business, net sales for January–June were EUR 199.4 million, down from EUR 208.2 million, with adjusted operating profit slightly declining to EUR 16.0 million [18][19] - Facility Services Finland saw a decrease in net sales to EUR 115.3 million from EUR 121.8 million, but operating profit improved significantly to EUR 6.3 million from EUR 1.9 million [24][25] - Facility Services Sweden's net sales increased to EUR 58.2 million from EUR 55.7 million, with adjusted operating loss decreasing to EUR -3.1 million from EUR -4.6 million [27][28] Strategic Developments - The company is progressing with a partial demerger plan to separate its Circular Economy business into a new publicly listed company, with the Board of Directors approving the demerger plan on August 7, 2025 [9][70] - The acquisition of Stena Recycling's pallet business, completed on June 2, 2025, is expected to enhance the service offering and support growth in the Circular Economy Business [21] - A two-year environmental construction project for Boliden Harjavalta was launched in May 2025, involving the expansion of a landfill site [5][20] Sustainability and Efficiency - The company's carbon footprint decreased by 22% compared to the previous year, driven by the use of renewable fuels and investments in a low-emission fleet [8][40] - The efficiency program initiated in 2025 aims for an annual performance improvement of at least EUR 8 million by the end of 2026, with fixed costs decreasing by approximately EUR 2 million in the first half of 2025 [37] - The recycling rate of material flows managed by the company rose to 61.7%, up from 58.9% in the previous year [40][41] Financial Position - Interest-bearing liabilities at the end of the review period amounted to EUR 195.3 million, down from EUR 214.5 million [30] - The average interest rate on long-term loans decreased to 3.2% from 4.0% [30] - The equity ratio was 34.0%, slightly down from 34.5% in the previous year [36]

Core Insights - Waste Management, Inc. is highlighted as a strong compounder, often overlooked due to its unexciting business model [1] Company Analysis - Waste Management, Inc. operates in the waste management sector, which is essential yet often considered mundane [1] - The company exemplifies how solid performance can come from industries that may not be perceived as innovative [1] Investment Perspective - The article suggests that investors should consider companies like Waste Management, Inc. for their potential long-term growth, despite their less glamorous nature [1]

Core Viewpoint - The article discusses the importance of understanding the implications of recent financial performance and market trends for investment decisions [1][2]. Financial Performance - Recent earnings reports indicate a significant increase in revenue for the company, with a year-over-year growth of 15% [1]. - The net profit margin has improved from 10% to 12%, reflecting better cost management and operational efficiency [1]. Market Trends - The industry is experiencing a shift towards digital transformation, with companies investing heavily in technology to enhance customer experience [2]. - Analysts predict that the market will grow at a compound annual growth rate (CAGR) of 8% over the next five years, driven by increased demand for innovative solutions [2]. Investment Opportunities - There are emerging opportunities in sectors such as renewable energy and technology, which are expected to outperform traditional industries [1]. - Companies that adapt to changing consumer preferences and invest in sustainable practices are likely to see enhanced market positions [2].

Even in the rarefied world of luxury real estate, professional hockey player-turned-waste management billionaire Patrick Dovigi stands out for his ability to write big checks and trade multimillion-dollar homes like chess pieces https://t.co/geN1vqVXU4? ...

ADMINISTRATIVE ITEMS Q2 2025 Quarterly Results and Outlook Conference Call August 5, 2025 © 2025 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 1 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 available on the Investor Relations portion of Enviri's website. Company management will discuss the Com ...

Core Insights - Enviri Corporation reported second quarter 2025 revenues of $562 million, a decrease of 8% compared to the same quarter in 2024, which had revenues of $610 million [4][5] - The company experienced a GAAP consolidated loss from continuing operations of $46 million in Q2 2025, compared to a loss of $10 million in Q2 2024 [7][4] - Adjusted EBITDA for Q2 2025 was $65 million, down from $86 million in the prior year, reflecting challenges in certain business segments [7][4] Financial Performance - The diluted loss per share from continuing operations on a GAAP basis was $0.58 in Q2 2025, compared to a loss of $0.16 in Q2 2024 [2][4] - Adjusted diluted loss per share from continuing operations was $0.22 in Q2 2025, a decline from adjusted earnings of $0.02 in the same quarter of 2024 [2][4] - The adjusted EBITDA margin for Q2 2025 was 11.5%, down from 14.1% in Q2 2024 [4] Segment Performance - Harsco Environmental reported revenues of $258 million in Q2 2025, down from $293 million in Q2 2024, primarily due to business divestitures and lower service levels [8] - Clean Earth achieved revenues of $246 million in Q2 2025, a 4% increase from $236 million in Q2 2024, driven by higher volumes and pricing [9] - Harsco Rail revenues fell by 28% to $58 million in Q2 2025, impacted by lower demand and operational challenges [10][11] Cash Flow and Guidance - Net cash provided by operating activities was $22 million in Q2 2025, down from $39 million in the prior year [12] - Adjusted free cash flow was $(14) million in Q2 2025, compared to $9 million in Q2 2024, reflecting lower cash earnings and higher capital spending [12] - The company revised its 2025 guidance for Adjusted EBITDA to a range of $290 million to $310 million, reflecting a cautious outlook for Harsco Rail [5][15] Strategic Initiatives - The Board of Directors has authorized management to explore strategic alternatives to unlock shareholder value, including a potential separation of the Clean Earth business [13] - The company aims to continue executing its strategic priorities while reviewing options to enhance business value [3][13]

Core Viewpoint - Enviri Corporation is exploring strategic alternatives to enhance shareholder value, including a potential tax-efficient sale or separation of its Clean Earth business while continuing its business plan execution [1][2][3]. Company Overview - Enviri Corporation is a global leader in providing environmental solutions for industrial and specialty waste streams, operating in over 150 locations across more than 30 countries [8]. Strategic Review - The Board of Directors has authorized a comprehensive review of strategic alternatives to address the gap between Enviri's public market valuation and its sum-of-the-parts value [3]. - The company is working with financial advisors BofA Securities and Jefferies LLC, and legal counsel Fried, Frank, Harris, Shriver & Jacobson LLP for this strategic review [4]. Financial Performance - Enviri released its second quarter earnings results for the period ending June 30, 2025, which can be accessed on the company's Investor Relations page [5].

Company Overview - 374Water Inc. is a global leader in organic waste destruction technology and services, focusing on municipal, federal, and industrial markets [3] - The company provides innovative solutions for wastewater treatment and waste management, utilizing its AirSCWO technology to efficiently destroy and mineralize a wide range of organic wastes [3] Upcoming Conference Call - A conference call is scheduled for August 12, 2025, at 4:30 p.m. Eastern time to discuss the second quarter results ending June 30, 2025 [1][2] - The call will be hosted by CEO Chris Gannon and CFO Russell Kline, followed by a Q&A session [2] - A press release detailing the results will be issued prior to the call, and a presentation will be available during the webcast [1][2] Technology and Services - 374Water's AirSCWO technology produces safe dischargeable water streams, safe mineral effluent, safe vent gas, and recoverable heat energy [3] - The technology aims to help customers meet discharge requirements, reduce or eliminate disposal costs, and mitigate litigation risks [3] - The company is committed to creating a greener future by eradicating harmful pollutants [3]