Enviva Inc. (EVA) Falls Over 50% After Results, Guidance, Elimination of Dividend
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Enviva Reports First-Quarter 2023 Results, Updates 2023 Guidance, Changes Capital Allocation Priorities, and Announces New Contract
May 3, 2023 8:43 PM EDTBETHESDA, Md.--(BUSINESS WIRE)-- Enviva Inc. (NYSE: EVA) (Enviva, the Company, we, us, or our) today released financial and operating results for first-quarter 2023, discussed changes to its capital allocation priorities in addition to providing a 2023 financial guidance update, and announced a large, long-term take-or-pay off-take contract with an existing Japanese customer.
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... More
Three Rivers Land Conservancy and The Enviva Forest Conservation Fund Protect Lucky Branch Tract
May 2, 2023 10:00 AM EDTThree Rivers Land Trust and The Enviva Forest Conservation Fund Protect 80 acres along Little River, Montgomery County, North Carolina
GREENVILLE, S.C.--(BUSINESS WIRE)-- The Lucky Branch tract, an 80-acre parcel of bottomland hardwood forest situated next to the Little River and Uwharrie National Forest in Montgomery County, North Carolina, has been conserved, thanks in part to a generous grant provided by the Enviva Forest Conservation Fund. This grant enabled Three Rivers Land Trust to acquire a conservation easement on the property and safeguard the tract, which is part of a larger 520-acre... More
