Brief: Enviva Reaffirms 2022 Guidance And Provides Update On Second-Quarter 2022 Operating And Financial Performance

Enviva

21/06/2022 23:25

June 21 (Reuters) - Enviva Inc  EVA.N :
    * ENVIVA REAFFIRMS 2022 GUIDANCE AND PROVIDES UPDATE ON
SECOND-QUARTER 2022 OPERATING AND FINANCIAL PERFORMANCE
    * ENVIVA INC - EXPECTING SECOND-QUARTER 2022 SALES VOLUMES
TO
INCREASE APPROXIMATELY 20% OVER FIRST-QUARTER 2022 ACTUALS
    * ENVIVA INC - FORECASTING APPROXIMATELY $35 MILLION TO $40
MILLION IN ADJUSTED EBITDA FOR Q2 OF 2022
    * ENVIVA INC - LOOKING FORWARD INTO 2023, WE EXPECT PRICING
STRENGTH AND INCREASED SALES VOLUMES TO DRIVE SIGNIFICANT GROWTH
OVER 2022
    * ENVIVA INC - ADJUSTED EBITDA FOR 2023 IS PROJECTED TO
RANGE FROM
$305 MILLION TO $335 MILLION
    * ENVIVA INC - ENVIVA EXPECTS TO COMMENCE CONSTRUCTION OF
ITS
FULLY CONTRACTED WOOD PELLET PRODUCTION PLANT IN EPES, ALABAMA
IN EARLY JULY 2022
    * ENVIVA INC - ENVIVA ALSO EXPECTS TO FINALIZE AN
APPROXIMATELY
$42 MILLION NEW MARKETS TAX CREDIT LOAN THIS WEEK

Source text for Eikon:  ID:nBw2fvmJVa 
Further company coverage:  EVA.N 

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