- Enviva press release ( NYSE: EVA ): Q2 net loss of $27.3M for the second quarter of 2022, as compared to $24.9M for the second quarter of 2021.
- Revenue of $296.3M (+3.6% Y/Y) beats by $15.7M .
- Adjusted EBITDA for the second quarter of 2022 of $39.5M as compared to $25.7M for the second quarter of 2021.
- Reaffirmed full-year 2022 financial guidance, which includes net income (loss) in the range of a $30 million net loss to $10 million of net income, adjusted EBITDA in the range of $230 million to $270 million, and full-year 2022 dividend of $3.62 per share.
- "Similar to previous years, we expect net income, adjusted EBITDA, and DCF for the second half of 2022 to be significantly higher than for the first half of the year due to the predictable seasonality in our business as well as, in this case, the ramp of production at our newest plant in Lucedale, Mississippi."
- "We are projecting adjusted EBITDA for the third quarter of 2022 to be roughly 50% higher than results for the second quarter of 2022, with the fourth quarter of 2022 alone representing around 40% of 2022 adjusted EBITDA."
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Enviva reports Q2 results; reaffirms FY22 and issues Q3 and Q4 adjusted EBITDA guidance