NYSE$NVRI
Harsco Corp · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter results with revenues comparable to the prior year and adjusted EBITDA increased by 7 percent.
Enviri Corporation reported second-quarter revenues of $610 million, which is comparable to the prior-year quarter. GAAP operating income was $31 million, and adjusted EBITDA increased by 7 percent to $86 million. The company's credit agreement net leverage ratio declined to 3.9x. The company reaffirms its 2024 Adjusted EBITDA guidance to be within the range of $327 Million and $340 Million.
- Second Quarter Revenues Totaled $610 Million, Comparable with Prior Year Quarter; Organic Growth in the Quarter was 6 Percent
- Q2 GAAP Operating Income of $31 Million
- Adjusted EBITDA in Q2 Totaled $86 million, an Increase of 7 Percent Over the Prior-Year Quarter
- Credit Agreement Net Leverage Ratio Declined Further, to 3.9x at Quarter-End
Headline financials
Revenue & EPS history
Harsco · Revenue · Quarterly
$610M
Revenue by segment
Harsco · $487M total across 2 segments · Q3 2022
- Harsco Environmental$265M-1.9%54.4%
- Clean Earth$222M+10.8%45.6%
Forward guidance
The Company's 2024 Adjusted EBITDA outlook is unchanged at the guidance mid-point and continues to point to earnings growth compared with 2023.
Tailwinds
- Higher services volumes and pricing
- Site improvement initiatives and new contracts
- Higher services pricing (net of inflation) and efficiency initiatives
- Higher demand and pricing for standard equipment offerings
- Higher demand and pricing technology products and contracted services
Headwinds
- Currency impacts
- Exited contracts
- Lower commodity prices and certain product volumes
- Less favorable project-related business mix
- Lower contributions from aftermarket parts
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-1.2%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+4.9%
Avg return
30 days after
46%
31 / 68 earnings
Positive
+25.1%
Q1 2023
Best reaction
-39.1%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | +0.7% | — | |
| Q4 2025 | -6.2% | -0.9% | -2.2% | |
| Q3 2025 | +3.9% | +9.8% | +48.5% | |
| Q1 2025 | +1.5% | +1.3% | +18.6% | |
| Q4 2024 | -13.4% | -19.1% | -22.7% | |
| Q3 2024 | -23.7% | -31.5% | -26.3% | |
| Q2 2024 | +5.2% | -6.2% | +1.1% | |
| Q1 2024 | -13.2% | -2.2% | +8.9% | |
| Q4 2023 | -1.5% | -0.4% | +14.7% | |
| Q3 2023 | +9.8% | +1.5% | +9.1% | |
| Q2 2023 | -11.2% | -19.9% | -20.9% | |
| Q1 2023 | +25.1% | +39.9% | +34.5% | |
| Q4 2022 | +5.0% | +3.8% | -18.0% | |
| Q3 2022 | +4.2% | +14.6% | +40.8% | |
| Q2 2022 | +14.0% | +33.1% | +11.0% | |
| Q1 2022 | -12.1% | -18.4% | -19.1% | |
| Q4 2021 | -25.2% | -22.8% | -21.1% | |
| Q3 2021 | -23.1% | -15.0% | -15.2% | |
| Q2 2021 | -5.6% | -6.4% | -8.1% | |
| Q1 2021 | +10.7% | +19.8% | +20.9% | |
| Q4 2020 | -24.2% | -21.2% | -21.1% | |
| Q3 2020 | -4.8% | -4.8% | +34.5% | |
| Q2 2020 | -8.7% | +2.1% | -13.6% | |
| Q1 2020 | +11.4% | -4.6% | +64.0% | |
| Q4 2019 | -9.0% | -23.5% | -59.6% | |
| Q3 2019 | +0.0% | +2.8% | +8.5% | |
| Q2 2019 | -16.6% | -19.4% | -28.9% | |
| Q1 2019 | +21.9% | +18.1% | +22.4% | |
| Q4 2018 | +5.5% | -0.1% | -8.8% | |
| Q3 2018 | +8.6% | +16.7% | +10.0% | |
| Q2 2018 | -1.4% | +2.6% | +11.0% | |
| Q1 2018 | +10.6% | +8.9% | +24.4% | |
| Q4 2017 | +20.0% | +25.7% | +28.1% | |
| Q3 2017 | -9.9% | -17.6% | -13.5% | |
| Q2 2017 | +7.7% | +11.3% | +12.2% | |
| Q1 2017 | +14.7% | +18.1% | +20.5% | |
| Q4 2016 | +5.1% | +6.6% | -10.6% | |
| Q3 2016 | +8.1% | +15.6% | +50.0% | |
| Q2 2016 | +10.3% | +9.5% | +3.0% | |
| Q1 2016 | -0.7% | — | — | |
| Q4 2015 | -39.1% | — | — | |
| Q3 2015 | -3.4% | — | — | |
| Q2 2015 | -12.2% | — | — | |
| Q1 2015 | +0.7% | — | — | |
| Q4 2014 | -5.6% | — | — | |
| Q3 2014 | -2.3% | — | — | |
| Q2 2014 | -6.4% | — | — | |
| Q1 2014 | +4.2% | — | — | |
| Q4 2013 | +1.8% | — | — | |
| Q3 2013 | -0.9% | — | — | |
| Q2 2013 | -5.7% | — | — | |
| Q1 2013 | +0.6% | — | — | |
| Q4 2012 | -3.4% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | -1.4% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | -1.5% | — | — | |
| Q3 2011 | +6.9% | — | — | |
| Q2 2011 | -8.8% | — | — | |
| Q1 2010 | -0.9% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2008 | +1.9% | — | — | |
| Q4 2010 | +1.9% | — | — | |
| Q3 2009 | +4.9% | — | — | |
| Q3 2010 | +4.9% | — | — | |
| Q2 2010 | -2.1% | — | — | |
| Q4 2009 | -2.1% | — | — | |
| Q2 2009 | -2.1% | — | — |
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