Core Viewpoint - Lassila & Tikanoja Plc has announced a share repurchase program aimed at supporting share-based incentive schemes and compensating the Board of Directors, with a maximum of 150,000 shares to be repurchased, representing approximately 0.39% of total shares [1][3]. Group 1 - The share repurchase will commence on 2 March 2026 and conclude by 28 April 2026 [1]. - The repurchase will be conducted using the company's unrestricted equity at the market price on Nasdaq Helsinki Ltd, and will not be proportional to existing shareholders' holdings [2]. - The Extraordinary General Meeting on 4 December 2025 authorized the Board to repurchase up to 2,000,000 shares, which is about 5.2% of the total shares, for various purposes including acquisitions and incentive schemes [3]. Group 2 - The total number of registered shares in Lassila & Tikanoja Plc is 38,211,724, and currently, the company does not hold any of its own shares [4]. - Lassila & Tikanoja is a leading Nordic circular economy company focused on waste management, recycling, and promoting sustainable material use, employing approximately 2,300 people in Finland and Sweden [5].

Core Viewpoint - Lassila & Tikanoja Plc has established a new long-term share-based incentive scheme aimed at aligning the objectives of the company, shareholders, and key employees to enhance the company's long-term value and strengthen employee commitment [1] Group 1: Performance Share Plan Overview - The Performance Share Plan 2026–2030 consists of three performance periods: 2026–2028, 2027–2029, and 2028–2030 [2] - Participants can earn shares based on the achievement of performance criteria set by the Board of Directors at the beginning of each performance period, with rewards paid after each period [3] Group 2: Performance Criteria and Rewards - For the performance period 2026–2028, the maximum total reward corresponds to approximately 218,677 shares, including cash portions, aimed at about 25 key employees, including the Group's President and CEO [4] - Rewards are paid partly in shares and partly in cash, with cash intended to cover taxes related to the rewards [5] Group 3: Shareholding Requirements - Members of the Group Executive Board must hold at least 50% of the net shares received until their total shareholding value equals their annual salary, maintaining this requirement as long as they are part of the Board [6] Group 4: Performance Metrics - The performance criteria for the period 2026–2028 include: - Return on capital employed (30%) - Revenue growth (30%) - Total shareholder return (rTSR) (30%) - Reduction of carbon footprint (ESG) (10%) [7]

Lassila & Tikanoja PlcStock exchange release 26 February 2026 at 5.45 PM EET Lassila & Tikanoja’s Shareholders’ Nomination Board submits its proposals for the 2026 Annual General Meeting Lassila & Tikanoja’s Shareholders’ Nomination Board submits the following proposals to the Annual General Meeting to be held on 28 April 2026. The proposals will also be included in the notice of the 2026 Annual General Meeting. Number and Composition of the Board of Directors The Shareholders’ Nomination Board proposes the ...

Core Insights - Vow ASA achieved record revenues and improved operational performance in Q4 2025, with a strategic focus on Maritime Solutions and Aftersales segments while adopting a selective approach in Industrial Solutions [1][2] Financial Performance - Revenues for Q4 2025 reached NOK 347.4 million, an increase of NOK 81.7 million compared to Q4 2024, driven by high activity in the cruise newbuild market and an increase in operational vessels [3] - Adjusted EBITDA for the quarter was NOK 15.8 million, slightly down from NOK 16.6 million in Q4 2024, with profitability improvements in Maritime Solutions and Aftersales offset by negative results in Industrial Solutions [5] - Total order backlog at year-end was approximately NOK 1.7 billion, providing visibility with confirmed contracts extending to 2034 [4] Strategic Developments - A comprehensive strategy revision was completed, leading to the appointment of leadership with defined P&L responsibilities and performance targets for each business segment [9][10] - The Group aims to strengthen its position in Maritime Solutions and Aftersales while pursuing a more cautious and selective approach in Industrial Solutions to balance risk and opportunities [2][10] Liquidity and Financial Management - The liquidity position improved significantly, with available liquidity at NOK 136.2 million at year-end, although fluctuations are expected in the coming quarters due to delivery timings and payment milestones [7] - Vow maintains a constructive dialogue with its financing partner, securing covenant waivers for the reporting periods and establishing a new covenant structure for future periods [8]

Core Insights - Clean Harbors, Inc. (CLH) reported better-than-expected fourth-quarter 2025 results, with earnings and revenues surpassing the Zacks Consensus Estimate, yet the stock price remained stable post-earnings release on February 18 [1] Financial Performance - The company reported fourth-quarter 2025 earnings of $1.62 per share, beating the Zacks Consensus Estimate by $0.03 and increasing 4.5% year over year [2] - Revenues reached $1.49 billion, exceeding the consensus mark by 1.4% and rising 4.8% from the previous year [2] - Clean Harbors' stock has appreciated 15% over the past six months, contrasting with a 7.4% decline in the industry [2] Segment Performance - Environmental Services (ES) revenues were $1.29 billion, a 6.3% increase from the year-ago quarter, although it fell short of the estimate of $1.32 billion, driven by strong demand in disposal and collection businesses [3] - Safety-Kleen Sustainability Solutions (SKSS) revenues totaled $209 million, reflecting a 3.6% year-over-year decline but surpassing the estimate of $208.3 million, impacted by pricing headwinds in the base oil market [3] Profitability Metrics - Adjusted EBITDA for the quarter was $278.69 million, an 8.4% increase year over year, exceeding the estimate of $271.7 million [4] - The adjusted EBITDA margin improved to 18.6%, up 60 basis points from the previous year [4] - Adjusted EBITDA for ES was $335.77 million, an 8.1% year-over-year increase, but missed the estimate of $339 million [4] - Adjusted EBITDA for SKSS rose 21.7% year over year to $29.95 million, surpassing the estimate of $23.6 million [4] Balance Sheet and Cash Flow - Clean Harbors ended the quarter with cash and cash equivalents of $826.32 million, up from $759.2 million at the end of the previous quarter [5] - Inventories and supplies were $372.1 million, slightly down from $377.31 million in the third quarter of 2025 [5] - Long-term debt remained stable at $2.76 billion [5] - The company generated $355.1 million in net cash from operating activities during the quarter, with capital expenditures of $121.75 million and adjusted free cash flow utilized at $261.26 million [6] Guidance - For Q1 and 2026, Clean Harbors expects adjusted EBITDA growth of 4% to 7% year over year in the ES segment and 1% to 3% on a consolidated basis [7] - For 2026, the company anticipates GAAP net income between $410 million and $461 million, with adjusted EBITDA projected to be between $1.20 billion and $1.26 billion [8] - Expected net cash from operating activities is between $820 million and $940 million, with adjusted free cash flow estimated at $480 million to $540 million, and a midpoint of $510 million [8]

Forward-Looking Statements Q4 2025 Quarterly Results and Outlook Conference Call February 24, 2026 © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 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 available on the Investor Relations portion of Enviri's website. Company m ...

This story was originally published on Waste Dive. To receive daily news and insights, subscribe to our free daily Waste Dive newsletter. By the numbersQ4 revenue: $556M Down 0.5% year over year Full year revenue: $2.24B Down 4.4% year over year Clean Earth Q4 revenue: $244M Up 1.2% year over year Recap: Enviri reported a better than expected end to the year as it works to complete the sale of its Clean Earth business to Veolia. Chairman and CEO Nick Grasberger praised executives for continued cost managem ...

Core Insights - Enviri Corporation reported a consolidated loss from continuing operations of $86 million in Q4 2025, with revenues totaling $556 million, reflecting a slight decrease from $559 million in Q4 2024 [1][4][5] - The company experienced a full-year revenue of $2.24 billion in 2025, down from $2.34 billion in 2024, with a GAAP consolidated loss from continuing operations of $160 million [8][10][9] - The company is on track to complete the $3 billion sale of Clean Earth in mid-2026, which is expected to unlock significant value for shareholders [3][19] Financial Performance - Q4 2025 adjusted EBITDA was $70 million, consistent with Q4 2024, while the adjusted diluted loss per share from continuing operations was $0.17 compared to $0.04 in Q4 2024 [2][4][5] - For the full year 2025, adjusted EBITDA totaled $275 million, down from $318 million in 2024, with the adjusted diluted loss per share increasing to $0.60 from $0.09 [10][11][8] - The company’s operating income from continuing operations was a loss of $33 million in Q4 2025, an improvement from a loss of $62 million in Q4 2024 [4][7] Segment Performance - Harsco Environmental reported revenues of $257 million in Q4 2025, a 7% increase from Q4 2024, with an adjusted EBITDA margin of 18.7% [12][13] - Clean Earth generated $244 million in revenues in Q4 2025, a slight increase from $241 million in Q4 2024, with an adjusted EBITDA margin of 15.6% [14][13] - Harsco Rail saw a significant revenue decline of 28% to $56 million in Q4 2025, with an adjusted EBITDA loss of $4 million [15][13] Cash Flow and Outlook - Net cash provided by operating activities was $38 million in Q4 2025, slightly up from $36 million in Q4 2024, while adjusted free cash flow decreased to $6 million from $8 million [16][17] - The 2026 outlook anticipates adjusted EBITDA for New Enviri to be approximately $140 million, modestly below 2025 levels due to weaker demand in Harsco Rail [19][20] - Harsco Environmental's adjusted EBITDA is expected to improve slightly, while Harsco Rail's adjusted EBITDA is projected to be negative due to lower demand and manufacturing inefficiencies [21][20]

Core Insights - SECURE Energy Services plans to increase its dividend by 5% to CAD 0.42 per share starting in Q2 2026 and will continue share buybacks [1] - The company ended 2025 with a total debt to adjusted EBITDA ratio of 2.1x, or 1.8x excluding leases, and refinanced part of its debt with CAD 300 million of senior unsecured notes due in 2032 [2] - SECURE returned CAD 373 million to shareholders in 2025 through dividends and share buybacks, repurchasing nearly 19 million shares at an average price below CAD 15, representing about 8% of shares outstanding [3] Financial Performance - For 2025, SECURE reported funds flow from operations of CAD 378 million and discretionary free cash flow of CAD 273 million, with a year-over-year decline in discretionary free cash flow primarily due to higher interest expenses and cash taxes [4] - Full-year adjusted EBITDA rose 5% year-over-year to CAD 501 million, supported by infrastructure-backed earnings and pricing discipline [5] - The company achieved higher fourth-quarter profitability and modest full-year growth in 2025 despite weaker commodity prices [6] Growth and Capital Plans - SECURE invested CAD 138 million in organic growth capital in 2025, exceeding its original plan of CAD 75 million, focusing on produced water infrastructure, industrial waste processing, and metal recycling optimization [7] - The company commissioned its first two fully contracted produced water disposal facilities in the Montney, with one facility operational in Q4 2025 and the second expected to be online in March 2026 [8] - For 2026, SECURE plans to allocate CAD 75 million for organic growth projects, with potential increases as projects are sanctioned [9] Operational Metrics - In 2025, SECURE processed approximately 95,000 barrels per day of produced water, 38,000 barrels per day of liquid waste, and disposed of about 3.2 million tons of solid waste [10] - The energy infrastructure segment handled over 133,000 barrels per day of crude oil across 13 terminals and three gathering pipelines, with modest increases in pipeline and terminal volumes [11][12] - Weaker oil prices impacted exploration-linked service lines, leading to a decline in waste processing and oil recovery volumes [13] Metal Recycling and Pricing - The metal recycling segment faced challenges in 2025 due to a 50% U.S. tariff on finished steel, which reduced Canadian domestic demand [14] - SECURE repositioned over 90% of scrap volumes into U.S. markets, with an estimated EBITDA impact of 10% to 15% in 2025 [14] - The company was selective in pricing discussions, with no immediate plans for additional pricing actions [15] Accounting and Future Outlook - A voluntary accounting policy change was made regarding the presentation of oil purchase and resale activities, with no impact on net income or adjusted EBITDA [16] - For 2026, SECURE provided adjusted EBITDA guidance of CAD 520 million to CAD 550 million, with expectations for improvement later in the year [17] - The specialty chemicals business performed well in production chemistry related to paraffins and wax removal, and a potential CAD 100 million claim related to a lawsuit was disclosed [18]

Group 1: Purchase Order and Contract Details - Vow ASA and its subsidiary Scanship received a purchase order from a major European shipyard worth EUR 27 million for equipment for four new build cruise vessels [1] - Deliveries for the equipment will commence in April 2027, with the first vessel expected to enter operation by mid-2029 and the last by 2031 [1] - The contract includes cancellation rights for the third and fourth vessels until September 30, 2026 [1] Group 2: Environmental Commitment and Technology - The vessels will be equipped with Scanship systems, emphasizing a commitment to reliable and sustainable solutions [2] - Scanship technology will ensure wastewater purification according to the highest standards in the Baltic Sea and Alaskan State waters, processing waste through multiple steps [3] - The waste management system promotes a circular economy by recovering valuable materials such as glass and aluminum [4] Group 3: Company Overview and Market Position - Vow ASA is a leader in wastewater purification and waste valorization in the cruise market, providing technology for a transition to a fossil-free future [8] - The company specializes in converting biomass and waste into valuable resources and clean energy, with strong positions in food safety and decarbonization [8] - Vow's advanced technologies support industry decarbonization and material recovery, with proven capabilities in delivering scalable and standardized solutions [7]