Enviri Corp Stock Price, News & Analysis

Clean Earth, a division of Enviri (NYSE: NVRI), has deployed 132 new Class 7 and Class 8 straight trucks across the U.S. and its territories. The fleet features an innovative modular design that allows cargo boxes to be reused across multiple truck bodies, extending their lifespan by up to three times.

The new vehicles are equipped with advanced technology including mobile office systems for on-site documentation, AI-powered cameras for real-time cargo monitoring, and integrated climate control systems for safe material transport. These features enhance safety, compliance, and service efficiency while reducing environmental impact.

The fleet rollout, which began production in 2024, is specifically designed for transporting hazardous, non-hazardous, universal, and clinical non-bio waste, serving retail and healthcare customers. Additional vehicles are contracted for release in 2025, demonstrating Clean Earth's commitment to service innovation.

Harsco Environmental, a division of Enviri (NYSE: NVRI), announced the opening of its first SteelPhalt™ plant outside the UK in Murga, Basque Country, Spain, with a grand opening scheduled for March 19, 2025.

The state-of-the-art facility will process over 195,000 tons of slag annually to produce more than 200,000 tons of sustainable asphalt products. The plant offers environmental asphalt solutions that can reduce the carbon footprint of road construction materials by up to 50%, supporting the region's environmental goals outlined in the Basque Country Waste Prevention and Management Plan 2030.

The facility represents a circular economy approach by converting steel industry byproducts into high-quality asphalt without using natural aggregates, creating a perpetually recyclable product stream for regional roads.

Enviri (NYSE: NVRI) has announced new dial-in information for its Fourth Quarter and Full Year 2024 Results conference call, which has been postponed to 9:15 a.m. ET on February 20, 2025. Investors and financial analysts can access the call via webcast through the company's Investor Relations website at www.enviri.com or through direct dial-in numbers: (800) 860-2442 for US callers and (412) 858-4600 for international participants.

Participants are advised to dial in approximately ten minutes before the call begins. For those unable to attend the live call, a webcast recording will be archived on the company's website.

Enviri (NYSE: NVRI) reported Q4 2024 financial results with revenues of $559 million and a GAAP consolidated loss from continuing operations of $82 million. Q4 Adjusted EBITDA was $70 million, showing a 5% increase on an organic basis despite a 9% decrease on a reported basis compared to the previous year.

For full-year 2024, consolidated revenues were $2.34 billion with a GAAP consolidated loss of $119 million. The company achieved a 10-year high Adjusted EBITDA of $319 million, representing an 11% organic increase. The adjusted diluted loss per share was $0.07 in 2024.

Looking ahead to 2025, Enviri expects Adjusted EBITDA to be between $305-325 million, higher year-over-year when adjusted for divestitures and FX impact. Free cash flow is projected to increase to $30-50 million. The company recently amended its Credit Agreement to provide additional financial flexibility and increased its Securitization Facility capacity from $150 million to $160 million.

Harsco Environmental, a division of Enviri (NYSE: NVRI), has signed a contract with İzmir Demir Çelik Sanayi A.Ş. (İDÇ) in İzmir, Turkey. Under the agreement, Harsco Environmental will provide under furnace digging services for two electric arc furnaces at İDÇ. This marks the company's second contract in the İzmir region, coinciding with the commissioning of İDÇ's second electric arc furnace.

İDÇ is a major steel manufacturer in Turkey, producing construction iron, billets, blooms, and ribbed rebar. The partnership aims to enhance İDÇ's production capabilities while expanding Harsco Environmental's presence in the Turkish market.

Enviri (NYSE: NVRI), a global leader in environmental solutions for industrial and specialty waste streams, has announced its participation in two major upcoming investor conferences in February 2025.

The company will attend the J.P. Morgan 2025 Global Leveraged Finance Conference in Miami Beach, FL on Tuesday, February 25, 2025, followed by the BofA Securities 2025 Global Agriculture and Materials Conference in Ft. Lauderdale, FL on Wednesday, February 26, 2025.

Bradley L. Radoff, a significant stakeholder in Enviri (NYSE: NVRI), has issued an open letter to the company's Board of Directors demanding immediate governance changes to address prolonged value destruction. The letter criticizes the Board's recent refreshment plan as insufficient and calls for three specific actions:

1. Replace three long-serving directors (David C. Everitt, James F. Earl, and Phillip C. Widman) with new independent directors
2. Separate the Chairman and CEO roles currently held by F. Nicholas Grasberger III
3. Consider all alternatives for the underperforming Harsco Rail segment

The letter highlights significant underperformance, with NVRI showing negative returns: -39.4% (3-year), -37.3% (5-year), and -59.7% during CEO tenure, compared to substantial positive returns for industry benchmarks. Radoff threatens to vote against all incumbent directors at the 2025 Annual Meeting if changes are not implemented.

Enviri (NYSE: NVRI) has scheduled its fourth quarter and full year 2024 earnings release for Thursday, February 20, 2025, before the NYSE market opens. The company will host a conference call and webcast at 9:00 a.m. ET on the same day.

Investors and analysts can access the live call through the company's website investor relations section at www.enviri.com or by dialing (844) 481-2524 for US participants and (412) 317-0553 for international callers. Participants are advised to dial in ten minutes before the call starts. A webcast archive will be available on the company's website for those unable to attend the live call.

Enviri (NYSE: NVRI) announced updates to its Board refreshment plan through a cooperation agreement with Neuberger Berman Investment Advisers. The company will add two new independent directors in 2025, mutually agreed upon by both parties. The first appointment will coincide with the 2025 Annual Meeting, and the second will occur within eight months.

As part of the plan, two incumbent directors will step down: one at the 2025 Annual Meeting and another at the following Annual Meeting. The company has already refreshed its Board with three new members in the past four years and plans additional changes in 2026. This initiative aims to enhance skillsets aligned with the company's long-term strategy.

Neuberger Berman, a long-term shareholder, expressed strong belief in Enviri's potential and commitment to working with management to unlock significant value during the company's transformation phase.