Enviri Details Q4 Losses, Bleak Rail Outlook, and Clean Earth Spin-Off Challenges

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Enviri Details Q4 Losses, Bleak Rail Outlook, and Clean Earth Spin-Off Challenges

check_boxKey Events

• Q4/FY2025 Losses Detailed

  Enviri reported Q4 adjusted diluted loss per share of $0.17 and a full-year adjusted free cash flow of negative $15 million, with $57 million in unusual pre-tax items.

• Challenging 2026 Outlook for Rail Segment

  The Rail segment is projected to face an EBITDA loss of $19 million to $26 million in 2026 due to lower demand at "historic lows" and continued negative cash flow from ETO contracts, which consumed $40 million in 2025.

• Clean Earth Sale Update with Payout Nuance

  The Clean Earth sale is still targeting a mid-year closing, but the cash payout range of $14.50 to $16.50 remains un-narrowed, with "New Enviri" potentially retaining more cash, which could impact shareholder distribution.

• Strategic Restructuring for New Enviri

  Management is implementing aggressive cost-cutting, streamlining central functions, and de-risking ETO contracts to improve the financial performance of the remaining Harsco Environmental and Rail businesses.

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Enviri Details Q4 Losses, Bleak Rail Outlook, and Clean Earth Spin-Off Challenges