Enviri (NYSE:NVRI) Releases Quarterly Earnings Results, Misses Expectations By $0.32 EPS

Enviri (NYSE:NVRI) announced its earnings results on Tuesday. The company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.32), FiscalAI reports. The firm had revenue of $324.00 million during the quarter, compared to analysts’ expectations of $370.97 million. The business’s revenue for the quarter was down 66.7% on a year-over-year basis. During the same period last year, the business posted $0.22 EPS.

Here are the key takeaways from Enviri’s conference call:

• Second-quarter execution exceeded expectations: Adjusted EBITDA rose 22% year over year to $34 million, driven primarily by Harsco Environmental’s higher volumes, pricing and operational improvements, while Rail benefited from stronger aftermarket demand.
• Enviri exited its Deutsche Bahn and Network Rail ETO contracts to reduce technical, financial and cash-flow risk; the company expects to eliminate approximately $40 million of annual ETO cash consumption and focus Rail on its core maintenance-of-way and aftermarket businesses. However, Network Rail negotiations remain unresolved, and total accrued liabilities tied to the exits and other contracts were about $190 million.
• The company is implementing restructuring and efficiency programs that include roughly 300 job eliminations, facility closures and cost reductions across both businesses; management expects the actions to produce more than $15 million of annual run-rate margin improvement once completed.
• Near-term cash flow and market conditions remain challenging: adjusted free cash flow was negative $9 million in Q2 and is expected to be modestly negative in Q3, while Rail’s EBITDA loss is expected to worsen sequentially and Harsco Environmental faces steel-volume pressure in the Middle East and other regions.
• Full-year guidance was maintained, with Harsco Environmental adjusted EBITDA at $170 million–$180 million and Rail’s adjusted EBITDA loss at $19 million–$26 million; management expects more meaningful earnings and cash-flow improvement beginning in 2027.

Enviri Stock Performance

Shares of Enviri stock opened at $20.67 on Thursday. Enviri has a 12 month low of $8.81 and a 12 month high of $24.20. The stock’s fifty day moving average price is $21.96 and its 200-day moving average price is $20.09.

Enviri Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 1st. Stockholders of record on Friday, January 1st were given a dividend of $15.00 per share. The ex-dividend date of this dividend was Monday, June 1st.

Insiders Place Their Bets

In other Enviri news, CFO Peter Francis Minan acquired 8,333 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was bought at an average cost of $19.25 per share, with a total value of $160,410.25. Following the completion of the purchase, the chief financial officer directly owned 16,434 shares in the company, valued at $316,354.50. The trade was a 102.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Enviri

Several large investors have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Enviri during the third quarter valued at approximately $27,000. BNP Paribas Financial Markets lifted its holdings in Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock worth $66,000 after buying an additional 2,322 shares during the period. Baird Financial Group Inc. purchased a new stake in Enviri during the first quarter worth $93,000. Envestnet Asset Management Inc. increased its holdings in shares of Enviri by 14.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after acquiring an additional 1,554 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Enviri by 88.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,116 shares of the company’s stock valued at $114,000 after acquiring an additional 6,144 shares during the period. Institutional investors own 93.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NVRI. BMO Capital Markets lifted their price objective on shares of Enviri from $21.00 to $24.00 and gave the stock a “market perform” rating in a research note on Wednesday. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. Finally, Wall Street Zen upgraded Enviri to a “hold” rating in a report on Saturday, June 13th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.50.

About Enviri

Enviri Inc (NYSE: NVRI) is a provider of environmental monitoring, data intelligence and sustainability solutions for critical infrastructure and industrial operations. The company integrates Internet of Things (IoT) sensor hardware, cloud-based analytics and field services to collect, process and visualize environmental data. Enviri’s platform supports real-time monitoring and historical trend analysis across water, air and wastewater streams to help clients meet regulatory requirements and manage environmental risk.

Enviri’s product suite includes ruggedized sensor networks, remote data loggers, automated sampling systems and a web-based analytics portal.