Enviri Corporation (NVRI)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | -57,945 | -44,243 | -26,062 | -133,648 | -169,664 | -165,870 | -161,969 | -35,075 | 5,779 | 25,471 | -1,209 | -32,301 | -35,119 | 9,357 | 468,609 | 494,149 | 516,647 | 517,166 | 113,115 | 140,466 |
| Revenue (ttm) | US$ in thousands | 2,069,225 | 2,008,711 | 1,971,037 | 1,931,921 | 1,889,065 | 1,882,838 | 1,866,309 | 1,853,931 | 1,848,399 | 1,564,837 | 1,603,850 | 1,582,457 | 1,534,033 | 1,455,934 | 1,369,691 | 1,273,308 | 1,204,369 | 1,435,717 | 1,364,125 | 1,353,134 |
| Pretax margin | -2.80% | -2.20% | -1.32% | -6.92% | -8.98% | -8.81% | -8.68% | -1.89% | 0.31% | 1.63% | -0.08% | -2.04% | -2.29% | 0.64% | 34.21% | 38.81% | 42.90% | 36.02% | 8.29% | 10.38% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $-57,945K ÷ $2,069,225K
= -2.80%
Enviri Corp's pretax margin has shown variability over the past eight quarters. In Q4 2023, the pretax margin improved to -0.93%, a significant increase from the -1.69% in Q3 2023. Despite this improvement, the company has generally struggled to maintain positive pretax margins, with negative figures reported in all quarters except for Q1 2022.
The pretax margin reached its lowest point in Q1 2023 at -6.21%, reflecting challenges in generating profits before accounting for taxes and other expenses. In comparison, the highest pretax margin was observed in Q1 2022 at 1.42%, indicating a brief period of profitability during that quarter.
Overall, Enviri Corp's pretax margin trend suggests inconsistency in the company's ability to generate profits relative to its total revenue, highlighting the need for a closer examination of cost management, revenue generation strategies, and overall operational efficiency.