Enviri was undermined by multiple external challenges in 2024, with declining steel and aluminum volumes, and weaker overall economic trends, impacting revenue despite efforts to improve margins and streamline operations. The outlook for 2025 remains weak due to ongoing economic sluggishness and limited prospects for steel production growth, limiting demand for Enviri's core services. Management has taken steps to reduce costs and improve financial flexibility, but near-term operating performance remains constrained. Even with these challenges, there's an argument for a $10+ share price.
Enviri Corporation (NYSE:NVRI ) Q4 2024 Earnings Call February 20, 2025 9:00 AM ET Company Participants Dave Martin - Vice President, Investor Relations Nick Grasberger - Chairman and Chief Executive Officer Tom Vadaketh - Senior Vice President and Chief Financial Officer Conference Call Participants Devin Dodge - BMO Capital Markets Rob Brown - Lake Street Capital Markets Brian Butler - Stifel Operator Good morning, everyone. My name is Jamie and I'll be your conference facilitator.
PHILADELPHIA, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) is issuing new dial-in information for today's conference call. The call will be postponed until 9:15 a.m. ET.
The latest trading day saw Enviri (NVRI) settling at $9.24, representing a +1.99% change from its previous close.
Enviri (NVRI) reachead $9.30 at the closing of the latest trading day, reflecting a +1.2% change compared to its last close.
PHILADELPHIA, Jan. 29, 2025 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it will issue its fourth quarter and full year 2024 earnings results on Thursday, February 20, 2025, prior to NYSE market open. The Company will also host its quarterly conference call and webcast that morning beginning at 9:00 a.m. ET.
PHILADELPHIA, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI), a global, market-leading provider of environmental solutions for industrial and specialty waste streams, today announced that its subsidiary, ALTEK, will team with REAL ALLOY to build a zero-waste aluminum salt slag recycling facility in partnership with the U.S. Department of Energy Office of Clean Energy Demonstrations.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
PHILADELPHIA, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it has amended and extended its senior secured revolving credit facility (the “Revolving Credit Facility”).
PHILADELPHIA, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) announced today that it has sold its Reed Minerals business to Speyside Equity for $45 million in cash, subject to post-closing adjustments. Enviri expects to use the net cash proceeds from the transaction to reduce debt and further strengthen its balance sheet. Importantly, the Company has now surpassed its 2024 asset sale goal of $50 to $75 million of proceeds with this transaction.