Enviri Corporation Reports Fourth Quarter And Full Year 2023 Results
The segment's GAAP operating income was $16 million and adjusted EBITDA was $29 million in the fourth quarter of 2023.
- The segment's GAAP operating income was $16 million and adjusted EBITDA was $29 million in the fourth quarter of 2023.
- As a result, Clean Earth's adjusted EBITDA margin increased to 12.2 percent in the fourth quarter of 2023 versus 11.6 percent in the comparable quarter of 2022.
- Net cash provided by operating activities was $68 million in the fourth quarter of 2023, compared with net cash provided by operating activities of $19 million in the prior-year period.
- Free cash flow (excluding Rail) was $25 million in the fourth quarter of 2023, compared with $3 million in the prior-year period.