The following is a summary of the Enviri Corporation (NVRI) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Enviri Corporation reported a consolidated EBITDA increase of 7% year-on-year, with EBITDA margin rising to 14%.

• Free cash flow improved significantly, up $60 million compared to the previous year.

• Revenue for Q2 was reported at $610 million, exhibiting a 6% organic growth after adjusting for various factors.

• The company's debt to EBITDA ratio improved, now below 4 times, marking the lowest since 2020.

Business Progress:

• Record quarter for the Clean Earth segment with EBITDA of $38 million and a margin of 16%, driven by price actions and efficiency gains.

• Harsco Environmental showed solid growth with a 5-10% increase in EBITDA.

• Harsco Rail also reported healthy growth in EBITDA and margin due to steady demand and improved operations.

• Enviri expects to generate $50 million to $75 million from asset sales this year, with $40 million already realized.

• The company continues to focus on lowering debt and improving cash flow by reducing interest and pension expenses.

Opportunities:

• Further improvements and growth in the Clean Earth segment, emphasizing on PFAS remediation and IT systems deployment.

• Expected future cash flow increase to $150 million per annum over the coming years, supported by EBITDA growth.

Risks:

• Expected continuation of currency impacts and economic challenges affecting operations, notably in the Harsco Environmental and Rail divisions.

• Operational challenges with European ETO contracts in the Rail division could lead to uncontrollable cost overruns and delivery delays.

More details: Enviri IR

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