Enviri Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 07:00 am EDT
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Enviri Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 524.59 million compared to USD 486.91 million a year ago. Net loss was USD 10.8 million compared to net income of USD 2.08 million a year ago. Basic loss per share from continuing operations was USD 0.11 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.11 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago. Basic loss per share was USD 0.14 compared to basic earnings per share of USD 0.03 a year ago. Diluted loss per share was USD 0.14 compared to diluted earnings per share of USD 0.03 a year ago.
For the nine months, sales was USD 1,540.41 million compared to USD 1,420.76 million a year ago. Net loss was USD 31.77 million compared to USD 143.35 million a year ago. Basic loss per share from continuing operations was USD 0.4 compared to USD 1.43 a year ago. Diluted loss per share from continuing operations was USD 0.4 compared to USD 1.43 a year ago. Basic loss per share was USD 0.4 compared to USD 1.8 a year ago. Diluted loss per share was USD 0.4 compared to USD 1.8 a year ago.
Enviri Corporation is an environmental solutions company. The Company serves a diverse customer base by offering critical recycle and reuse solutions for their waste streams, enabling customers to address their complex environmental challenges and to achieve their sustainability goals. The Company operates through two segments: Harsco Environmental and Clean Earth. Its Harsco Environmental segment provides on-site services, under long-term contracts which may contain multiple performance obligations, for material logistics; product quality improvement and resource recovery from iron, steel and metals manufacturing; manufactures and sells industrial abrasives and roofing granule products, and manufactures aluminum dross and scrap processing systems. Its Clean Earth segment provides specialty waste processing and beneficial reuse solutions for hazardous wastes, and soil and dredged materials. The Company operates in more than 150 locations in over 30 countries.