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Enviri Corporation provides environmental solutions for industrial and specialty waste streams in the United States and internationally. It operates through three segments: Harsco Environmental, Clean Earth, and Harsco Rail. The Harsco Environmental segment offers on-site environmental services for the management of waste and byproduct streams from its customers, which includes resource recovery and recycling of waste materials, materials handling and logistical support, and aluminum dross and scrap management. This segment also manufactures value-added downstream products from industrial waste streams and ecoproducts, which include road surfacing materials, metallurgical additives, agriculture and turf products, and cement additives. The Clean Earth segment provides specialty waste processing solutions, including treatment, recycling, and beneficial reuse of hazardous and non-hazardous wastes and processing of contaminated soil and dredged materials for customers in the industrial, retail, healthcare, and construction industries. The Harsco Rail segment offers railway track maintenance equipment and services, as well as railway maintenance services to railways, mass transit systems, and equipment leasing companies. Its products include engineered railway, rail treatment, tie, and utility track vehicles, new track construction equipment, after-market parts and services, and safety and diagnostics technology systems; and meltshop and furnace services, such as under-vessel cleaning, removal of ladle slag, and general melt shop debris. The company was formerly known as Harsco Corporation and changed its name to Enviri Corporation in June 2023. The company was founded in 1853 and is headquartered in Philadelphia, Pennsylvania.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.3B | $35M | $-228M | $-115M | 37.5% | -9.7% | 17.0% |
| 2024 | $1.4B | $70M | $-195M | $-149M | 40.9% | -2.5% | 42.0% |
| 2023 | $1.4B | $130M | $-137M | $-121M | - | - | - |
| 2022 | $2.1B | $73M | $-180M | $13M | -31.6% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Revenue | 1,438.73 | 1,402.80 | 1,266.51 |
| Operating Revenue | 1,438.73 | 1,402.80 | 1,266.51 |
| Cost Of Revenue | 1,218.42 | 1,214.97 | 1,101.60 |
| Gross Profit | 220.31 | 187.83 | 164.91 |
| Operating Expense | 177.85 | 189.47 | 212.47 |
| Research And Development | 2.74 | 3.50 | 2.68 |
| Selling General And Administration | 178.10 | 181.62 | 180.22 |
| Total Expenses | 1,396.26 | 1,404.44 | 1,314.06 |
| Operating Income | 42.47 | -1.64 | -47.56 |
| Total Operating Income As Reported | 28.37 | -30.48 | -55.35 |
| EBITDA | 130.07 | 70.15 | 34.92 |
| Normalized EBITDA | 144.16 | 98.99 | 42.71 |
| EBIT | 2.06 | -52.55 | -85.62 |
| Interest Income | 6.78 | 6.80 | 2.03 |
| Interest Expense | 106 | 108.99 | 106.16 |
| Net Interest Income | -109.98 | -113.46 | -114.79 |
| Other Non Operating Income Expenses | -22.33 | -17.61 | -21.64 |
| Other Income Expense | -36.42 | -46.44 | -29.43 |
| Interest Income Non Operating | 6.78 | 6.80 | 2.03 |
| Interest Expense Non Operating | 106 | 108.99 | 106.16 |
| Net Non Operating Interest Income Expense | -109.98 | -113.46 | -114.79 |
| Pretax Income | -103.94 | -161.54 | -191.78 |
| Tax Provision | 29.36 | 22.74 | 27.10 |
| Tax Rate For Calcs | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | -2.96 | -6.05 | -1.64 |
| Net Income Continuous Operations | -134.06 | -184.29 | -218.72 |
| Net Income From Continuing And Discontinued Operation | -137.22 | -194.90 | -228.11 |
| Net Income From Continuing Operation Net Minority Interest | -132.09 | -189.60 | -222.62 |
| Net Income | -137.22 | -194.90 | -228.11 |
| Net Income Common Stockholders | -137.22 | -194.90 | -228.11 |
| Net Income Including Noncontrolling Interests | -139.20 | -189.58 | -224.22 |
| Normalized Income | -120.95 | -166.82 | -216.46 |
| Diluted NI Availto Com Stockholders | -137.22 | -194.90 | -228.11 |
| Reconciled Depreciation | 128 | 122.71 | 120.54 |
| Reconciled Cost Of Revenue | 1,218.42 | 1,214.97 | 1,101.60 |
| Total Unusual Items | -14.10 | -28.83 | -7.80 |
| Total Unusual Items Excluding Goodwill | -14.10 | -28.83 | -7.80 |
| Minority Interests | 1.98 | -5.31 | -3.89 |
| Net Income Discontinuous Operations | -5.13 | -5.30 | -5.49 |
| Earnings From Equity Interest Net Of Tax | -0.76 | -0.01 | 0.16 |
| Special Income Charges | -14.10 | -28.83 | -7.80 |
| Gain On Sale Of Business | 0 | 10.48 | 0 |
| Impairment Of Capital Assets | 14.10 | 39.31 | 7.80 |
| Total Other Finance Cost | 10.76 | 11.26 | 10.66 |
| Other Operating Expenses | -2.99 | 4.35 | 29.57 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Enviri Corporationthis co. | NVRI | $554M | -2.43 | -0.91 | 37.5% | 62.25 |
| Mistras Group, Inc. | MG | $588M | 34.92 | 2.50 | 7.2% | 11.35 |
| Orion Group Holdings, Inc. | ORN | $574M | 230.87 | 3.61 | 1.6% | 15.08 |
| Bowman Consulting Group Ltd. | BWMN | $573M | 46.84 | 2.19 | 4.7% | 17.30 |
| Titan Machinery Inc. | TITN | $562M | -10.38 |
| 0.97 |
| -9.4% |
| 38.60 |
| Insteel Industries Inc. | IIIN | $559M | 13.63 | 1.51 | 11.0% | 7.26 |
| Ennis, Inc. | EBF | $519M | 12.18 | 1.68 | 13.8% | 7.07 |
| Aspen Aerogels, Inc. | ASPN | $516M | -1.33 | 2.19 | -165.4% | -1.52 |
| Tejon Ranch Co. | TRC | $515M | 6870.53 | 1.08 | 0.0% | -309.29 |
| Peer Median | - | 24.28 | 1.94 | 3.1% | 9.30 | |