Enviva Inc (N:EVA)

Sector:  Basic Materials Industry:  Forest & Wood Products
 
See Regulatory Filings on SEC
Company Contact
Address: 7272 Wisconsin Ave., Suite 1800
BETHESDA MD 20814
Tel: N/A
Website: https://www.envivabiomass.com
IR: See website
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Key People
Ralph C. Alexander
Interim Chairman of the Board
Thomas Meth
President, Director
Glenn T. Nunziata
Interim Chief Executive Officer, Chief Financial Officer, Executive Vice President, Principal Accounting Officer, Director
Mark A. Coscio
Chief Operating Officer, Executive Vice President, Chief Development Officer
Roxanne B. Klein
Chief Administrative and People Officer, Executive Vice President
Jason E. Paral
Senior Vice President, General Counsel, Secretary
John-Paul D. Taylor
Senior Vice President, Chief Commercial Officer
   
Business Overview
Enviva Inc. develops, constructs, acquires, and owns and operates fully contracted wood pellet production plants. The Company aggregates a natural resource, wood fiber, and processes it into dry, densified, uniform pellets that can be stored and transported around the world. The Company primarily sell its wood pellets through long-term, take-or-pay-off-take contracts with creditworthy customers in the United Kingdom, European Union, and Japan, who use its pellets to displace coal and other fossil fuels to generate power and heat. The Company owns and operates ten plants with a combined production capacity of approximately 6.2 million metric tons per year (MTPY) of wood pellets in Virginia, North Carolina, South Carolina, Georgia, Florida, and Mississippi. It exports its wood pellets to global markets through its marine terminal at the Port of Chesapeake, Virginia, terminal assets at the Port of Wilmington, North Carolina, and the Port of Pascagoula, Mississippi.
Financial Overview
For the nine months ended 30 September 2023, Enviva Inc revenues increased 4% to $891.6M. Net loss applicable to common stockholders increased from $90.9M to $258.8M. Revenues reflect Other revenue increase from $7.5M to $36.3M, Product sales increase of 1% to $855.3M. Higher net loss reflects Interest expense - Balancing value increase of 41% to $79.8M (expense), Loss on disposal of assets increase of 55% to $11.2M (expense).
Employees: 1,386 as of Dec 31, 2022
Reporting Currency: U.S. Dollars
Enterprise value: $1,539M as of Sep 30, 2023
Annual revenue (TTM): $1,131M as of Sep 30, 2023
EBITDA (TTM): $22.12M as of Sep 30, 2023
Net annual income (TTM): -$339.67M as of Sep 30, 2023
Free cash flow (TTM): -$440.55M as of Sep 30, 2023
Net Debt Last Fiscal Year: $1,507M as of Sep 30, 2023
Shares outstanding: 74,496,537 as of Nov 3, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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