Loading...
•
Jun 30, 2024
Harsco Q2 2024 Earnings Report
Reported second quarter results with revenues comparable to the prior year and adjusted EBITDA increased by 7 percent.
Key Takeaways
Enviri Corporation reported second-quarter revenues of $610 million, which is comparable to the prior-year quarter. GAAP operating income was $31 million, and adjusted EBITDA increased by 7 percent to $86 million. The company's credit agreement net leverage ratio declined to 3.9x. The company reaffirms its 2024 Adjusted EBITDA guidance to be within the range of $327 Million and $340 Million.
Second Quarter Revenues Totaled $610 Million, Comparable with Prior Year Quarter; Organic Growth in the Quarter was 6 Percent
Q2 GAAP Operating Income of $31 Million
Adjusted EBITDA in Q2 Totaled $86 million, an Increase of 7 Percent Over the Prior-Year Quarter
Credit Agreement Net Leverage Ratio Declined Further, to 3.9x at Quarter-End
Revenue by Segment
Forward Guidance
The Company's 2024 Adjusted EBITDA outlook is unchanged at the guidance mid-point and continues to point to earnings growth compared with 2023.
Positive Outlook
- Higher services volumes and pricing
- Site improvement initiatives and new contracts
- Higher services pricing (net of inflation) and efficiency initiatives
- Higher demand and pricing for standard equipment offerings
- Higher demand and pricing technology products and contracted services
Challenges Ahead
- Currency impacts
- Exited contracts
- Lower commodity prices and certain product volumes
- Less favorable project-related business mix
- Lower contributions from aftermarket parts
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...