Enviri Reports Wider 2025 Losses, Negative Rail Outlook, Confirms Clean Earth Sale Progress
NVRI has more than doubled off its 52-week low of $4.72.
Summary
Enviri Corporation reported significantly wider GAAP and adjusted losses for Q4 and full-year 2025, with its Harsco Rail segment projecting continued negative Adjusted EBITDA for 2026, while confirming its Clean Earth divestiture is on track.
Key Events · Earnings and Guidance · NVRI
-
Wider Losses Reported
Enviri posted significantly wider GAAP and adjusted losses for Q4 and full-year 2025. The adjusted diluted loss per share for 2025 worsened to $(0.60) from $(0.09) in 2024.
-
Negative Rail Segment Outlook
The Harsco Rail segment reported a 28% revenue decline and negative Adjusted EBITDA in Q4 2025, with a projected negative Adjusted EBITDA of $(26)M to $(19)M for the full year 2026.
-
Clean Earth Divestiture Progress
The company confirmed that the proposed sale of its Clean Earth business to Veolia Environnement S.A. is on track to close mid-year.
-
Mixed Segment Performance
Harsco Environmental and Clean Earth segments showed revenue and Adjusted EBITDA growth in Q4 2025, partially offsetting the decline in Harsco Rail.
Analysis · NVRI · Trade & Services
Enviri's DEFA14A presentation details a challenging financial year, marked by substantially wider GAAP and adjusted losses for both the fourth quarter and the full year 2025. The adjusted diluted loss per share for 2025 worsened significantly to $(0.60) from $(0.09) in the prior year. While the Harsco Environmental and Clean Earth segments showed some revenue and EBITDA growth, the Harsco Rail segment experienced a sharp decline in revenues and a negative Adjusted EBITDA, with a negative outlook projected to continue into 2026. The company also confirmed that the strategic sale of its Clean Earth business is on track to close mid-year, a move that could streamline operations but comes amidst broader financial struggles. Investors should monitor the execution of the Clean Earth divestiture and the performance of the Harsco Rail segment, which remains a drag on overall profitability.
At the time of this filing, NVRI was trading at $17.91 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $4.72 to $19.48. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.