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Enviri (NVRI) investor relations material
Enviri investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic overview and business highlights
Operates in over 30 countries with more than 12,000 employees and over 170 years in business, generating $2.2B in 2025 revenue across environmental, waste, and rail segments.
Harsco Environmental leads in global environmental services, processing 18M+ tons of slag and recycling 80% of processed steel slag in 2024.
Clean Earth manages one of the largest U.S. networks for waste treatment and recycling, with 91% of specialty waste recycled and 3.6M metric tons of waste reused in 2024.
Harsco Rail supplies railway maintenance equipment globally, with a strong North American presence and over 125 railway customers in 70+ countries.
Recurring revenue streams are supported by long-term contracts, high renewal rates, and valuable, hard-to-replicate permits.
Financial performance and outlook
Q4 2025 revenues were $556M, unchanged year-over-year, with stable adjusted EBITDA at $70M and adjusted diluted loss per share of $0.17.
Harsco Environmental Q4 2025 revenues rose 7% to $257M, with adjusted EBITDA up 17% to $48M, driven by higher service demand and FX benefits.
Clean Earth Q4 2025 revenues increased 1% to $244M, with adjusted EBITDA up 5% to $38M, reflecting higher pricing and volumes in hazardous materials.
Harsco Rail Q4 2025 revenues declined 28% to $56M, with adjusted EBITDA dropping to -$4M due to lower equipment and aftermarket volumes.
2026 segment outlook projects comparable revenues to 2025, with Harsco Environmental adjusted EBITDA of $170M–$180M and Harsco Rail adjusted EBITDA of $(26)M to $(19)M.
Growth strategy and innovation
Focused on expanding through new contracts, geographic growth, permit modifications, and innovative products such as carbon-negative asphalt and electronic waste recycling.
Recent contract wins and regulatory changes (e.g., PFAS) present further growth opportunities.
Investment in technology and aftermarket services aims to capture increased infrastructure spending and improve customer productivity.
- Clean Earth sale advances; shareholders to vote on transaction and New Enviri spin-off.NVRI
Proxy Filing4 Mar 2026 - Clean Earth sale and New Enviri spin-off advance toward mid-2026 closing, pending shareholder vote.NVRI
Proxy Filing4 Mar 2026 - Shareholders to vote on Clean Earth sale and New Enviri spin-off amid leadership and cost actions.NVRI
Proxy Filing25 Feb 2026 - Proposed $3B Clean Earth sale and New Enviri spin-off, with 2025 revenue at $2.24B.NVRI
Proxy Filing24 Feb 2026 - Shareholders to vote on Clean Earth sale and New Enviri spin-off after a record year.NVRI
Proxy Filing24 Feb 2026 - 2026 outlook signals steady Environmental results, weak Rail, and Clean Earth sale closing midyear.NVRI
Q4 202524 Feb 2026 - Double-digit EBITDA growth and 17% Clean Earth margins targeted by 2027, led by sustainability.NVRI
Analyst Day 20243 Feb 2026 - Adjusted EBITDA up 7%, leverage at 3.9x, and 2024 guidance reaffirmed despite headwinds.NVRI
Q2 20242 Feb 2026 - $3.04B Clean Earth sale and spin-off yield cash and New Enviri shares, targeting mid-2026 close.NVRI
M&A Announcement29 Jan 2026
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