"You get what you pay for" often applies to expensive stocks with best-in-class business models and execution.
While their quality can sometimes justify the premium, they typically experience elevated volatility during market downturns when expectations change.
Shares of steel and waste handling company Enviri (NYSENVRI)
fell 18.1% in the morning session after the company reported weak fourth-quarter 2024 results: Its full-year EBITDA guidance missed significantly, and its revenue fell short of Wall Street's estimates. weighed the positive EPS surprise. Sales declined 7% y/y due to business divestitures and foreign exchange headwinds. Adjusted EBITDA fell compared to last year, reflecting margin pressure in its industrial services and rail businesses, though Clean Earth delivered record profits and improved margins. Despite these challenges, Enviri exceeded analysts' EPS expectations this quarter.
Looking ahead, management expects 2025 adjusted EBITDA to come in lower than analysts had anticipated, due to ongoing weakness in the global steel market affecting Harsco Environmental.
Overall, this quarter could have been better, as weaker revenue trends and margin pressure out.
Steel and waste handling company Enviri (NYSENVRI) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 5.7% year on year to $558.7 million. Its non-GAAP loss of $0.04 per share was 61% above analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Waste Management (NYSEWM) and the best and worst performers in the waste management industry.
Over the last six months, Enviri’s shares have sunk to $7.63, producing a disappointing 10.8% loss - a stark contrast to the S&P 500’s 9.3% gain. This was partly due to its softer quarterly results and might have investors contemplating their next move.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Casella Waste Systems (NASDAQCWST) and the rest of the waste management stocks fared in Q3.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Enviri (NYSENVRI) and the rest of the waste management stocks fared in Q3.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at waste management stocks, starting with Republic Services (NYSERSG).
Shares of steel and waste handling company Enviri (NYSENVRI)
fell 19.9% in the afternoon session after the company reported weak third-quarter earnings. We struggled to find many strong positives in these results. Its EBITDA forecast for the full year missed and its revenue fell short of Wall Street's estimates. Overall, this was a weaker quarter.
Steel and waste handling company Enviri (NYSENVRI) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 9.3% year on year to $573.6 million. Its GAAP loss of $0.16 per share was also 1,700% below analysts’ consensus estimates.
As the Q2 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the waste management industry, including Waste Management (NYSEWM) and its peers.
PALM BEACH, Fla., June 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The Metal Recycling industry is a strong market across the globe. A report from Market Research Future projected that the Metal Recycling Market Size, which was valued at USD 54200.2 million in 2023, is projected to grow from USD 58800.4 million in 2024 to USD 105100.8 Million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024 - 2032). Increasing awareness regarding the depletion of metal reserves and the stringent regulations imposed by the government regarding metal mining are the key market drivers enhancing the market for global metal recycling. The report said: “The rise in construction activities across various regions, such as Europe and Asia-Pacific, is expected to fuel the metal recycling market growth. The rapid economic growth brought on by increased urbanization and industrialization increases demand for the market for metal recycling. Therefore, rapid urbanization leads to higher government and consumer spending on infrastructure and housing, which positively impacts market growth. In addition, recycling metals help the industry create jobs and contribute to the country's economy. For instance, an industry that generates $236 billion in revenue annually in the US employs over a million people.” Active companies in the markets this week include Greenwave Technology Solutions, Inc. (NASDAQGWAV), Enviri Corporation NYSE: NVRINYSENVRI)(NASDAQ: PCTNASDAQPCT, Steel Dynamics, Inc. (NASDAQ: STLDNASDAQ), Stericycle, Inc. (NASDAQ: SRCLSRCL).
Clean Earth, a division of Enviri Corporation (NYSENVRI), and Veolia North America, have executed a long-term collaborative agreement for significant incineration capacity at the new state-of-the-art thermal facility in Southwest Arkansas. The five-year agreement, structured to provide guaranteed access for Clean Earth by Veolia, is a first-of-its-kind in the industry and a positive advancement for the waste management industry and customers as the new facility, opening in 2025, will provide much-needed additional capacity.
RYE, N.Y., Sept. 18, 2023 (GLOBE NEWSWIRE) -- Gabelli Funds is hosting a PFAS Symposium on Thursday, September 28, 2023 at the Harvard Club in New York City and virtually on Zoom. This event will focus on issues surrounding PFAS uses, replacements, and remediation. It will feature presentations from leading companies in waste and disposal services, water utilities, testing, and remediation. In-person attendees will also have the opportunity to meet with management in a one-on-one setting.
