Enviri Corporation
12.73-0.24 (-1.85%)
Oct 29, 4:00:02 PM EDT · NYSE · NVRI · USD
Key Stats
Market Cap
1.03BP/E (TTM)
-Basic EPS (TTM)
-1.92Dividend Yield
0%Recent Filings
10-Q
Q2 FY2025 results
Enviri Corporation's Q2 FY2025 results showed revenues dipping 7.8% y/y to $562.3M, driven by divestitures in Harsco Environmental and softer volumes in Rail, yet Clean Earth grew 4.3% y/y to $246.3M on stronger hazardous waste pricing. Operating loss widened to $7.2M from $31.3M income y/y, hit by a $7.4M impairment from exiting a French products business and $10.2M added forward losses on Rail contracts, while gross margins held steady around 18%. Diluted EPS fell to $(0.59) from $(0.17) y/y, consistent with 80.6M shares. Cash from operations for H1 reached $28.6M, supporting $60.7M capex; free cash flow not disclosed in the 10-Q. Total debt stood at $1.5B with $181.5M revolver availability, and covenant headroom remains solid at 4.75x leverage versus 5.00x limit. Strategic review of Clean Earth launched in August 2025. Rail's fixed-price contracts expose ongoing execution risks amid inflation.
8-K
Enviri launches strategic review
Enviri Corporation reported Q2 2025 revenues of $562 million, down 8% year-over-year, with a GAAP loss from continuing operations of $46 million and Adjusted EBITDA of $65 million, dragged by Harsco's Rail segment's 28% revenue drop amid weak global demand. Clean Earth hit record Q2 earnings, while Environmental delivered steady results despite subdued steel volumes. The board launched a strategic review to unlock value, eyeing a tax-efficient Clean Earth separation; no timetable set. Outcomes remain uncertain.
10-Q
Q1 FY2025 results
Enviri Corporation's Q1 2025 results showed revenue dipping 8.7% year-over-year to $548.3M, driven by divestitures in Harsco Environmental and softer volumes there, yet operating income climbed 19% to $30.7M thanks to Clean Earth's 4% revenue gain from pricing and mix, plus Rail's turnaround from a $9.1M loss to $8.2M profit after netting $11.1M favorable contract adjustments. Gross margins held steady at 22.6%, while diluted EPS improved from -$0.22 to -$0.17, reconciling neatly with 80.3M shares. Cash from operations rose to $6.6M, yielding $0.2M free cash flow after $21.6M capex, with $102.5M cash and $213.5M revolver availability backing $1.5B total debt under eased covenants (4.31x leverage vs. 4.75x limit). No M&A closed this quarter. Tariffs pose a supply chain risk.
8-K
Enviri Q1 revenues dip, guidance holds
Enviri Corporation reported Q1 2025 revenues of $548 million, down 9% from $600 million last year due to divestitures and FX headwinds, yet narrowed its GAAP loss from continuing operations to $11 million from $16 million. Clean Earth drove gains with 4% revenue growth to $235 million and Adjusted EBITDA up to $38 million, while Harsco Environmental and Rail lagged. The company reaffirmed its full-year Adjusted EBITDA guidance of $305-325 million amid economic uncertainty. Steel pressures persist.
8-K
Enviri boosts equity plan shares
Enviri Corporation's stockholders approved amendments to its equity incentive plans at the April 24, 2025 annual meeting, boosting shares reserved under the 2013 Plan by 1.4 million to 15.077 million and under the 2016 Directors' Plan by 400,000 to 1.2 million, while imposing a one-year minimum vesting and extending the 2013 Plan to 2030. These changes align executive and director incentives with long-term performance amid board refresh, including Nicholas Fanandakis' election as a new director with deep DuPont finance experience. The firm signed an amended change-in-control agreement for SVP Jeffrey Beswick, offering 2x base salary and target bonus severance post-triggering event. Yet dilution risks linger.
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