Enviri Q2 2023 Earnings Report

Enviri EPS Results

• Actual EPS: $0.01
• Consensus EPS: -$0.02
• Beat/Miss: Beat by +$0.03
• One Year Ago EPS: $0.01

Enviri Revenue Results

• Actual Revenue: $520.17 million
• Expected Revenue: $497.43 million
• Beat/Miss: Beat by +$22.74 million
• YoY Revenue Growth: +8.10%

Enviri Announcement Details

• Quarter: Q2 2023
• Date: 8/2/2023
• Time: Before Market Opens

Enviri (NYSE:NVRI) provides environmental solutions for industrial and specialty waste streams in the United States and internationally. The company operates through two segments: Harsco Environmental and Clean Earth. The Harsco Environmental segment offers on-site services under long-term contracts for material logistics, product quality improvement, and resource recovery for iron, steel, and metals manufacturing; manufactures and sells industrial abrasives, roofing granules, aluminum dross, and scrap processing systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris. This segment also produces and sells value-added downstream products from industrial waste-stream, including road surfacing and materials, such as slag-based asphalt product under the SteelPhal brand; abrasives and roofing materials under the BLACK BEAUTY and SURE/CUT brand names; Metallurgical Additives; agriculture and turf products comprising soil conditioners and fertilizers under the CrossOver and AgrowSil brands; and cement additives. The Clean Earth segment provides specialty waste processing, treatment, recycling, and beneficial reuse solutions for waste needs, such as hazardous, non-hazardous, and contaminated soils and dredged materials to industrial, retail, healthcare, and construction industries. The company was formerly known as Harsco Corporation and changed its name to Enviri Corporation in June 2023. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.