Enviva Reports First-Quarter 2023 Results, Updates 2023 Guidance, Changes Capital Allocation Priorities, and Announces New Contract

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Go back to Enviva Reports First-Quarter 2023 Results, Updates 2023 Guidance, Changes Capital Allocation Priorities, and Announces New Contract

Enviva Inc. (EVA) Falls Over 50% After Results, Guidance, Elimination of Dividend

May 4, 2023 8:54 AM EDT

(Updated - May 4, 2023 8:54 AM EDT)

Enviva Inc. (NYSE: EVA) Falls Over 50% After Results, Guidance, Elimination of Dividend

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As we will describe today, the plans and initiatives underway to improve productivity and costs across Envivas current asset platform continue to fall behind expectations. While the board of directors remains convinced of managements ability to deliver the originally forecasted operational and financial performance over time, it is clearly taking longer than expected, said John Keppler, Executive Chairman of the board. To more conservatively underwrite that plan and... More