Enviri Corporation Reports Third Quarter 2024 Results
Enviri Corporation (NVRI)
Company Research
Source: GlobeNewswire
Third quarter revenues totaled $574 million; organic growth in the quarter was 1%Q3 GAAP operating income of $37 millionAdjusted EBITDA in Q3 totaled $85 million, an increase of 3% over the prior-year quarterCompleted sale of Reed Minerals, enabling Company to surpass 2024 asset sales goal of $50 to $75 millionRefinanced revolving credit and accounts receivable securitization facilities, enhancing financial flexibility2024 Adjusted EBITDA now expected to be within range of $317 million and $327 million; mid-point lowered 3% to reflect sale of Reed Minerals and other factors PHILADELPHIA, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today reported third quarter 2024 results. Revenues in the third quarter of 2024 totaled $574 million. GAAP operating income from continuing operations for the third quarter of 2024 was $37 million and Adjusted EBITDA was $85 million, an increase of 3% over the prior-year quarter. On a U.S. GAAP ("GAAP") basis, the third quarter of
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