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

Enviri (NYSE:NVRI) posted its quarterly earnings results on Tuesday. The company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.32), FiscalAI reports. The company had revenue of $324.00 million during the quarter, compared to analysts’ expectations of $370.97 million. During the same quarter last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down 66.7% compared to the same quarter last year.

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 Price Performance

NYSE NVRI opened at $20.17 on Wednesday. Enviri has a twelve month low of $8.79 and a twelve month high of $24.20. The stock has a 50-day simple moving average of $21.91 and a 200 day simple moving average of $20.08.

Enviri Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 1st. Shareholders 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.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NVRI. Weiss Ratings reissued a “sell (d-)” rating on shares of Enviri in a research note on Tuesday, April 21st. BMO Capital Markets upped their price target on shares of Enviri from $19.00 to $19.50 and gave the stock a “market perform” rating in a research note on Tuesday, May 12th. 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $22.25.

Insider Transactions at Enviri

In related news, CFO Peter Francis Minan bought 8,333 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were acquired at an average price of $19.25 per share, with a total value of $160,410.25. Following the completion of the transaction, the chief financial officer owned 16,434 shares of the company’s stock, valued at $316,354.50. The trade was a 102.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NVRI. Advisory Services Network LLC acquired a new position in shares of Enviri during the third quarter valued at about $27,000. BNP Paribas Financial Markets increased its stake in Enviri by 43.8% during the second quarter. BNP Paribas Financial Markets now owns 7,621 shares of the company’s stock valued at $66,000 after acquiring an additional 2,322 shares during the period. Baird Financial Group Inc. bought a new position in Enviri during the first quarter valued at about $93,000. Envestnet Asset Management Inc. increased its position in shares of Enviri by 14.0% during the second quarter. Envestnet Asset Management Inc. now owns 12,640 shares of the company’s stock valued at $110,000 after purchasing an additional 1,554 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake 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 buying an additional 6,144 shares in the last quarter. Institutional investors own 93.43% of the company’s stock.

Enviri Company Profile

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.