Enviri completes $3B Clean Earth sale, deleverages $1.1B; Rail swings to loss on contract charges

Filed June 8, 2026 · Period ending March 31, 2026 · ~2 min read

Key Changes

• high

  Closed $3+ billion sale of Clean Earth segment to Veolia on June 1, 2026; used $1.7B to repay debt and distributed $1.3B to shareholders. Post-transaction, company operates only Harsco Environmental and Rail segments with significantly reduced leverage.

  MD&A: Spin-off transaction verify on EDGAR →
• high

  Harsco Rail swung from $7.1M profit to $3.2M loss in Q1 2026 on $12.2M forward loss provisions for long-term contracts (primarily Deutsche Bahn), higher manufacturing costs, and non-recurring prior-year contract gains.

  MD&A: Rail segment verify on EDGAR →
• high

  Operating income collapsed from $29.3M to $0.8M in Q1 2026 despite flat revenue, driven by $12.5M in one-time transaction costs and Rail segment deterioration. Net loss widened from $7.8M to $9.5M.

  MD&A: Consolidated results verify on EDGAR →