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ENVIRI (NVRI)

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Earnings summaries and quarterly performance for ENVIRI.

Recent press releases and 8-K filings for NVRI.

Veolia Announces Acquisition of Clean Earth
NVRI
M&A
New Projects/Investments
Guidance Update
  • Veolia announced the acquisition of Clean Earth for an Enterprise Value of $3.0 billion (c.€2.6 billion), representing 9.8x EBITDA 2026e post run-rate synergies.
  • The acquisition is expected to generate $120 million in run-rate cost synergies by Year 4, with estimated implementation costs of approximately $90 million.
  • This strategic move will double Veolia's presence in the US Hazardous Waste sector, positioning it as the #2 player in the US and reinforcing its position as the #1 Worldwide player in Hazardous Waste.
  • Clean Earth's 2026E financial KPIs include Revenues of $1,030 million and EBITDA of $200 million.
  • The cash transaction, funded through existing resources and debt, is supported by €2 billion+ disposals of mature assets and is projected to be EPS accretive from Year 2, with closing targeted for mid-2026.
Nov 21, 2025, 2:00 PM
Enviri Announces Sale of Clean Earth and Spin-Off of Harsco Environmental and Rail Businesses
NVRI
M&A
CEO Change
New Projects/Investments
  • Enviri Corporation has entered into a definitive agreement to sell its Clean Earth business to Veolia Environnement SA for an aggregate cash consideration of $3.04 billion.
  • Enviri shareholders are expected to receive $14.50 - $16.50 per share in cash, which compares to Enviri’s unaffected stock price of $8.63 on August 4, 2025.
  • Shareholders will also retain full ownership of the Harsco Environmental and Rail segments, which will be spun off into a standalone publicly traded company, "New Enviri".
  • The transaction is expected to close in mid-2026, with New Enviri anticipated to have approximately 2.0x Net Leverage at closing. Russell Hochman will become CEO of New Enviri.
Nov 21, 2025, 6:30 AM
Enviri Corporation Reports Q3 2025 Results and Updates on Strategic Review
NVRI
Earnings
Guidance Update
M&A
  • Enviri Corporation reported Q3 2025 total revenue of $575 million and adjusted EBITDA of $74 million, with an adjusted diluted loss per share of $0.08 and adjusted free cash flow of $6 million.
  • The company is actively pursuing a strategic review for its Clean Earth business, with strong interest from potential buyers and an expectation to conclude the process by year-end 2025. A credit agreement amendment now facilitates a potential sale or separation.
  • Clean Earth delivered a record quarter with $250 million in revenue (up 6% year-over-year) and $43 million in adjusted EBITDA, while Harsco Environmental improved with $261 million in revenue and $44 million in adjusted EBITDA.
  • Harsco Rail experienced an adjusted EBITDA loss of $4 million on $64 million in revenue due to weak demand and higher manufacturing costs, contributing to a lowered full-year outlook.
  • The company reduced its full-year EBITDA guidance midpoint by $27 million and free cash flow guidance midpoint by $50 million, projecting Q4 adjusted EBITDA between $62 million and $72 million.
Nov 10, 2025, 2:00 PM
Enviri's Harsco Environmental Secures 15-Year, $150 Million Contract with Jindal Stainless
NVRI
New Projects/Investments
Revenue Acceleration/Inflection
  • Enviri Corporation's Harsco Environmental division has signed a 15-year, $150 million contract with Jindal Stainless, India's largest stainless steel producer.
  • This renewed agreement expands Harsco Environmental’s operations in Jajpur, India, to process additional stainless steel slag and includes the construction and operation of a new wet milling plant.
  • The partnership is expected to create approximately 140 new jobs and contributes to Harsco Environmental's goal of doubling its business in India by 2028.
Oct 15, 2025, 12:01 PM