Brief: Enviva Says Statements Of Operations For First, Second, Third Qtrs Of 2023 Should No Longer Be Relied Upon

Enviva

05/03/2024 11:42

March 5 (Reuters) - Enviva Inc  EVA.N :
    * ENVIVA INC: ON FEB 29, CONCLUDED UNAUDITED CONSOLIDATED
STATEMENTS OF OPERATIONS FOR FIRST, SECOND, THIRD QTRS OF 2023
SHOULD NO LONGER BE RELIED UPON
    * ENVIVA INC - DETERMINED THAT IMPACT OF THE ERRORS ON PRIOR
FISCAL YEARS WAS NOT MATERIAL
    * ENVIVA INC: CONCLUSION WAS BASED ON NEED TO CORRECT
CLASSIFICATION OF ABOUT $33 MILLION RECOVERABLE FROM CUSTOMERS
FOR CERTAIN HANDLING COSTS
    * ENVIVA - AMOUNTS AFFECTED RESTATED PERIODS BY ABOUT $6
MILLION,
$7 MILLION, $20 MILLION FOR THREE MONTHS ENDED MARCH 31, JUNE
30, AND SEPT 30, 2023, RESPECTIVELY
    * ENVIVA-CORRECTION OF CLASSIFICATION FOR REIMBURSEMENTS HAS
NO
EFFECT ON REPORTED LOSS FROM OPERATIONS,NET LOSS,CASH FLOWS, OR
ANY LIQUIDITY MEASURE

Source text for Eikon:  ID:n0001592057-24-000022 
Further company coverage:  EVA.N 

 ((Reuters.Briefs@thomsonreuters.com;))