enviri(US:NVRI)2022-09-23 14:11Financial Performance - Q2 2022 - Revenues increased by 3% to $481 million compared to $469 million in Q2 2021 [11] - Adjusted EBITDA decreased by 26% to $49 million from $67 million in Q2 2021 [11] - Adjusted EBITDA margin decreased by 405 bps to 102% compared to 143% in Q2 2021 [11] - Adjusted EPS was $001 compared to $020 in Q2 2021 [11] - Free cash flow increased significantly by 544% to $132 million compared to $20 million in Q2 2021, benefiting from proceeds of securitization transaction [11] Segment Performance - Harsco Environmental revenues increased by 2% to $278 million in Q2 2022 [13] - Harsco Environmental adjusted EBITDA decreased by 9% to $53 million in Q2 2022 [13] - Clean Earth revenues increased by 4% to $203 million in Q2 2022 [17] - Clean Earth adjusted EBITDA decreased by 74% to $5 million in Q2 2022, impacted by significant cost inflation [17] Outlook - The company expects 2022 adjusted EBITDA to be in the range of $210 million to $220 million [21] - The company expects 2022 free cash flow to be in the range of $115 million to $125 million [21] - Q3 2022 adjusted EBITDA is expected to be between $54 million and $59 million [23] - Q3 2022 adjusted diluted earnings per share is expected to be between $(002) and $(008) [23]