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Russell C. Hochman, Senior Vice President, General Counsel, Chief Compliance Officer, and Corporate Secretary at Enviri Corp (NYSE:NVRI), has acquired additional shares of the company amid challenging market conditions. According to a recent SEC filing, Hochman purchased 40,127 shares of Enviri common stock on March 14, 2025. The insider buying comes as the stock has declined 38% over the past six months, according to InvestingPro data. The shares were bought at a weighted average price of $6.27 per share, resulting in a total transaction value of approximately $251,596. Following this purchase, Hochman now holds a total of 120,357 shares directly.
The transaction, detailed in a Form 4 filing with the SEC, indicates that the shares were acquired over multiple transactions at prices ranging from $6.24 to $6.29 per share. Hochman has committed to providing full details of each transaction upon request. This acquisition reflects a significant investment in Enviri Corp, previously known as Harsco Corp , by a key executive within the company.
In other recent news, Enviri Corporation reported its Q4 2024 earnings, beating EPS expectations with a loss of -$0.04 against a forecast of -$0.10, but missing revenue projections with $559 million compared to the expected $578.98 million. The company’s revenue for the full year 2024 was $2.3 billion, with an adjusted EBITDA of $319 million, marking a 4% increase year-over-year. Despite these figures, Enviri continues to face challenges, particularly in its Rail segment, which has been a significant drag on its margin profile due to unfavorable contracts.
Moody’s has affirmed Enviri’s B1 rating but revised its outlook to negative, citing execution risks in its rail business and challenges in fulfilling European rail contracts. Similarly, S&P Global Ratings has revised its outlook for Enviri to negative while affirming its ’B+’ issuer credit rating, reflecting concerns over high leverage and negative free operating cash flow. Enviri’s Clean Earth segment has shown resilience, contributing over 50% of the company’s consolidated EBITDA and driving growth with doubled EBITDA since 2021.
The company expects its 2025 adjusted EBITDA to range between $305 million and $325 million, with anticipated organic growth of 5%. Enviri is also working on mitigating risks associated with its rail contracts, which are expected to dissipate over the next 12-18 months. Both Moody’s and S&P Global Ratings highlight the potential for a downgrade if Enviri’s operating performance continues to weaken or if its leverage remains elevated.
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