The Company’s 2024 Adjusted EBITDA outlook is unchanged at the guidance mid-point and continues to point to earnings growth compared with 2023. This expectation is supported by stable economic conditions as well as growth and improvement initiatives and anticipates that incremental currency translation headwinds related to May guidance are offset by operating performance. Harsco Environmental Adjusted EBITDA is projected to be comparable with prior-year results. Higher services volumes and pricing, site improvement initiatives, and new contracts are expected to be partially offset by currency impacts, exited contracts, lower commodity prices, and certain product volumes as well as personnel investments and the sale of Performix. Clean Earth Adjusted EBITDA is expected to increase versus 2023 as a result of higher services pricing and efficiency initiatives, offsetting the impacts of a less favorable project-related business mix as well as certain other 2023 items not repeating. Harsco Rail Adjusted EBITDA is expected to increase versus 2023 as a result of higher demand and pricing for standard equipment offerings, technology products and contracted services, partially offset by lower contributions from aftermarket parts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NVRI:
- Enviri Corporation (NVRI) Q2 Earnings Cheat Sheet
- Enviri releases annual ESG Report showcasing significant progress toward sustainability goals
- Enviri Corporation Announces Timing of Second Quarter 2024 Results and Conference Call
- Enviri price target raised to $9 from $8.50 at BMO Capital
- Stifel reiterates Buy rating on Enviri after investor day