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Dec 31, 2024
Harsco Q4 2024 Earnings Report
Reported fourth quarter and full year results, with revenues totaling $559 million and a GAAP consolidated loss from continuing operations of $82 million.
Key Takeaways
Enviri Corporation reported Q4 2024 results with revenues of $559 million and a GAAP consolidated loss from continuing operations of $82 million. Adjusted EBITDA was $70 million, a 5% increase organically. The company is focusing on consistent execution amidst headwinds at Harsco Environmental and Rail, while Clean Earth achieved record profits and margins.
Fourth quarter revenues totaled $559 million; GAAP consolidated loss from continuing operations of $82 million.
Adjusted EBITDA in Q4 totaled $70 million, an increase of 5% over the prior-year quarter on an organic basis.
Net cash provided by operating activities of $36 million and adjusted free cash flow of $8 million in Q4.
2025 Adjusted EBITDA expected to be within range of $305 million and $325 million; Free cash flow to increase compared with prior year to between $30 million and $50 million.
Revenue by Segment
Forward Guidance
The Company anticipates that its 2025 Adjusted EBITDA will be comparable with 2024, while its adjusted free cash flow will significantly improve.
Positive Outlook
- Adjusted EBITDA is projected to increase at Clean Earth and Harsco Rail
- Increase in free cash flow will be primarily driven by an expected improvement in Harsco Rail as certain contract milestones are completed, as well as lower pension contributions.
- Clean Earth Adjusted EBITDA is expected to increase versus 2024 as a result of volume growth, efficiency initiatives and net higher pricing
- Harsco Rail Adjusted EBITDA is expected to modestly increase versus 2024 as a result of higher demand, pricing and contract adjustments in 2024 not repeating
- Economic conditions will remain stable and that the Company will benefit from various growth and improvement initiatives.
Challenges Ahead
- Adjusted EBITDA is expected to decline in Harsco Environmental, mainly as a result of FX translation and business divestitures.
- Currency impacts, business divestitures, exited contracts and services mix are expected to be partially offset by improvement initiatives, new contracts and product volumes for Harsco Environmental
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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