NYSE: NVRI
Enviri CorpCIK 0002104052 · SIC 4953 · Refuse Systems
Mid by assets
Assets $1.7B
as of Aug 30, 2026
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8-K
Filed Aug 11, 2026
· Period ending Aug 11, 2026
Enviri exits two European Rail contracts, books $297M Q2 loss; reaffirms 2026 guidance
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10-Q
Filed Aug 11, 2026
· Period ending Jun 30, 2026
revenue $187.3M, net income -$396.0M. Enviri exits in Rail contracts, completes Clean Earth spin, slashes debt 75%
5 material changes detected. Sign up free to read the summary.
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10-Q
Filed Jun 8, 2026
· Period ending Mar 31, 2026
revenue $549.8M, net income -$10.7M. Enviri completes Clean Earth sale, deleverages; Rail swings to loss on contract charges
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8-K
Filed Jun 1, 2026
· Period ending May 28, 2026
Enviri completes spin-off creating separate public company, takes on $370.7M term loan
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8-K
Filed May 20, 2026
· Period ending May 20, 2026
Enviri announces spin-off of Environmental and Rail segments, sale of Clean Earth unit
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8-K
Filed May 11, 2026
· Period ending May 8, 2026
Enviri's spin-off of Environmental and Rail segments clears SEC hurdle, nears completion
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Latest financial statements
From 10-Q filed Aug 11, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations (Unaudited)
(In thousands, except per share amounts)
| Description | Three months ended June 30 2026 | Three months ended June 30 2025 | Six months ended June 30 2026 | Six months ended June 30 2025 |
|---|---|---|---|---|
| Revenues from continuing operations: | ||||
| Service revenues | 257,856 | 258,959 | 516,126 | 500,568 |
| Product revenues | 65,985 | 57,013 | 131,763 | 128,457 |
| Product revenues Rail contract exit-related adjustments | (136,499) | — | (136,499) | — |
| Total revenues | 187,342 | 315,972 | 511,390 | 629,025 |
| Costs and expenses from continuing operations: | ||||
| Cost of services sold | 214,536 | 214,903 | 427,723 | 413,714 |
| Cost of products sold | 60,139 | 68,339 | 122,403 | 120,717 |
| Cost of products sold Rail contract exit-related adjustments | 70,890 | — | 70,890 | — |
| Selling, general and administrative expenses | 49,062 | 53,773 | 101,430 | 105,844 |
| Research and development expenses | 654 | 775 | 1,072 | 1,309 |
| Property, plant and equipment impairment charge | — | 7,386 | — | 7,386 |
| Other expense (income), net | 36,484 | 2,379 | 38,180 | 6,590 |
| Total costs and expenses | 431,765 | 347,555 | 761,698 | 655,560 |
| Operating income (loss) from continuing operations | (244,423) | (31,583) | (250,308) | (26,535) |
| Interest income | 580 | 414 | 1,038 | 868 |
| Interest expense | (8,239) | (8,739) | (16,766) | (17,445) |
| Facility fees and debt-related income (expense) | (318) | (154) | (538) | (570) |
| Defined benefit pension income (expense) | (3,918) | (5,555) | (7,854) | (10,756) |
| Income (loss) from continuing operations before income taxes and equity in income | (256,318) | (45,617) | (274,428) | (54,438) |
| Income tax benefit (expense) from continuing operations | (40,548) | 905 | (45,694) | 4,325 |
| Equity in income (loss) of unconsolidated entities, net | 50 | 44 | 73 | 72 |
| Income (loss) from continuing operations | (296,816) | (44,668) | (320,049) | (50,041) |
| Discontinued operations: | ||||
| Income (loss) from discontinued operations | (91,927) | 2,182 | (108,172) | 4,753 |
| Income tax benefit (expense) from discontinued operations | (5,767) | (4,269) | 24,173 | (9,278) |
| Income (loss) from discontinued operations, net of tax | (97,694) | (2,087) | (83,999) | (4,525) |
| Net income (loss) | (394,510) | (46,755) | (404,048) | (54,566) |
| Less: Net loss (income) attributable to noncontrolling interests | (1,485) | (1,058) | (2,612) | (2,259) |
| Net income (loss) attributable to Enviri Corporation | (395,995) | (47,813) | (406,660) | (56,825) |
| Amounts attributable to Enviri Corporation common stockholders: | ||||
| Income (loss) from continuing operations, net of tax | (298,301) | (45,726) | (322,661) | (52,300) |
| Income (loss) from discontinued operations, net of tax | (97,694) | (2,087) | (83,999) | (4,525) |
| Net income (loss) attributable to Enviri Corporation common stockholders | (395,995) | (47,813) | (406,660) | (56,825) |
| Weighted-average shares of common stock outstanding (a) | 27,877 | 26,876 | 27,655 | 26,827 |
| Basic earnings (loss) per common share attributable to Enviri Corporation common stockholders: | ||||
| Continuing operations | (10.70) | (1.70) | (11.67) | (1.95) |
| Discontinued operations | (3.50) | (0.08) | (3.04) | (0.17) |
| Basic earnings (loss) per share attributable to Enviri Corporation common stockholders (b) | (14.21) | (1.78) | (14.70) | (2.12) |
| Diluted weighted-average shares of common stock outstanding (a) | 27,877 | 26,876 | 27,655 | 26,827 |
| Diluted earnings (loss) per common share attributable to Enviri Corporation common stockholders: | ||||
| Continuing operations | (10.70) | (1.70) | (11.67) | (1.95) |
| Discontinued operations | (3.50) | (0.08) | (3.04) | (0.17) |
| Diluted earnings (loss) per share attributable to Enviri Corporation common stockholders (b) | (14.21) | (1.78) | (14.70) | (2.12) |
Condensed Consolidated Balance Sheets (Unaudited)
(In thousands)
| Description | June 30 2026 | December 31 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 253,427 | 103,487 |
| Restricted cash | 49,915 | 21,677 |
| Trade accounts receivable, net | 249,730 | 267,439 |
| Other receivables | 28,938 | 43,627 |
| Inventories | 134,094 | 171,718 |
| Current portion of contract assets | 28,277 | 26,968 |
| Prepaid expenses | 30,636 | 52,521 |
| Current portion of assets held-for-sale | — | 24,173 |
| Other current assets | 15,852 | 9,256 |
| Total current assets | 790,869 | 720,866 |
| Property, plant and equipment, net | 405,394 | 424,099 |
| Right-of-use assets, net | 30,043 | 34,267 |
| Goodwill | 374,579 | 379,381 |
| Intangible assets, net | 14,723 | 16,095 |
| Retirement plan assets | 56,764 | 55,743 |
| Deferred income tax assets | 10,078 | 45,352 |
| Assets held-for-sale | — | 1,013,055 |
| Other assets | 40,336 | 53,931 |
| Total assets | 1,722,786 | 2,742,789 |
| LIABILITIES | ||
| Current liabilities: | ||
| Short-term borrowings | 79 | 11,490 |
| Current maturities of long-term debt | 8,469 | 14,373 |
| Accounts payable | 154,917 | 163,989 |
| Accrued compensation | 41,055 | 43,130 |
| Income taxes payable | 5,845 | 4,268 |
| Reserve for contracts | 189,525 | 61,037 |
| Current portion of advances on contracts | 8,763 | 7,982 |
| Derivative liabilities | 12,757 | 20,839 |
| Current portion of operating lease liabilities | 10,551 | 11,654 |
| Current portion of liabilities held-for-sale | — | 174,265 |
| Other current liabilities | 119,237 | 121,182 |
| Total current liabilities | 551,198 | 634,209 |
| Long-term debt | 380,539 | 1,480,072 |
| Retirement plan liabilities | 23,732 | 26,208 |
| Operating lease liabilities | 20,626 | 23,373 |
| Environmental liabilities | 19,105 | 19,105 |
| Deferred tax liabilities | 5,976 | 5,766 |
| Liabilities held-for-sale | — | 214,314 |
| Other liabilities | 38,923 | 44,155 |
| Total liabilities | 1,040,099 | 2,447,202 |
| COMMITMENTS AND CONTINGENCIES | ||
| ENVIRI CORPORATION STOCKHOLDERS’ EQUITY | ||
| Common stock | — | 149,519 |
| Additional paid-in capital | 680 | 273,436 |
| Accumulated other comprehensive loss | (495,267) | (514,481) |
| Retained earnings | 1,133,668 | 1,211,234 |
| Treasury stock | — | (864,646) |
| Total Enviri Corporation stockholders’ equity | 639,081 | 255,062 |
| Noncontrolling interests | 43,606 | 40,525 |
| Total equity | 682,687 | 295,587 |
| Total liabilities and equity | 1,722,786 | 2,742,789 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In thousands)
| Description | Six months ended June 30 2026 | Six months ended June 30 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | (404,048) | (54,566) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation | 76,838 | 74,343 |
| Amortization | 13,653 | 14,964 |
| Deferred income tax (benefit) expense | 10,419 | (7,999) |
| Equity in (income) loss of unconsolidated entities, net | (73) | (72) |
| Right-of-use assets | 15,067 | 15,127 |
| Property, plant and equipment impairment charge | — | 7,386 |
| Stock-based compensation | 11,473 | 9,760 |
| Contract exit charges | 74,969 | — |
| Other, net | 1,177 | (3,149) |
| Changes in assets and liabilities, net of acquisitions and dispositions of businesses: | ||
| Accounts receivable | (170,120) | (13,887) |
| Inventories | 16,626 | (7,283) |
| Contract assets | (4,517) | 12,413 |
| Accounts payable | (20,356) | 10,716 |
| Accrued interest payable | (11,423) | 539 |
| Accrued compensation | (16,717) | (11,433) |
| Advances on contracts and other customer advances | 534 | (18,324) |
| Operating lease liabilities | (14,630) | (15,078) |
| Retirement plan liabilities, net | 7,066 | 9,717 |
| Reserve for contracts | 129,519 | (6,477) |
| Other assets and liabilities | 9,141 | 11,876 |
| Net cash (used) provided by operating activities | (275,402) | 28,573 |
| Cash flows from investing activities: | ||
| Purchases of property, plant and equipment | (68,387) | (60,659) |
| Proceeds from CE Holdings Note | 1,724,804 | — |
| Deposit for commercial commitments | (25,000) | — |
| Proceeds from sales of assets | 7,019 | 3,764 |
| Expenditures for intangible assets | (208) | (51) |
| Net proceeds (payments) from settlement of foreign currency forward exchange contracts | 852 | (4,296) |
| Net cash (used) provided by investing activities | 1,639,080 | (61,242) |
| Cash flows from financing activities: | ||
| Short-term borrowings, net | (7,738) | 5,831 |
| Borrowings and repayments under Revolving Credit Facility, net | (526,000) | 62,000 |
| Repayments of Term Loan | (106,806) | (2,500) |
| Repayments of Senior Notes | (475,000) | — |
| Cash paid for finance leases and other long-term debt | (10,607) | (9,669) |
| Settlement of stock appreciation rights | (16,529) | — |
| Stock-based compensation Employee taxes paid | (38,109) | (1,534) |
| Other financing activities, net | (2,802) | — |
| Net cash (used) provided by financing activities | (1,183,591) | 54,128 |
| Effect of exchange rate changes on cash and cash equivalents, including restricted cash | (2,093) | 1,918 |
| Net increase (decrease) in cash and cash equivalents, including restricted cash and cash included in Current portion of assets held-for-sale | 177,994 | 23,377 |
| Cash and cash equivalents, including restricted cash and cash included in Current portion of assets held-for-sale, at beginning of period | 125,348 | 90,158 |
| Cash and cash equivalents, including restricted cash, at end of period | 303,342 | 113,535 |
| Reconciliation of cash and cash equivalents and restricted cash reported in the Condensed Consolidated Balance Sheets: | ||
| Cash and cash equivalents | 253,427 | 97,796 |
| Restricted cash | 49,915 | 15,739 |
| Cash and cash equivalents, including restricted cash, at end of period | 303,342 | 113,535 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share amounts); (In thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗