revenue $187.3M, net income -$396.0M. Enviri exits in Rail contracts, completes Clean Earth spin, slashes debt 75%

Filed August 11, 2026 · Period ending June 30, 2026 · ~2 min read

Key Changes

• high

  Recorded $207.4M loss exiting Network Rail stoneblower and Deutsche Bahn utility vehicle contracts in June 2026, including $74.9M asset impairments and $133M in estimated exit liabilities; Network Rail alleges breach and intends to pursue damages.

  Notes: Rail contract exit charges view on EDGAR →
• high

  Completed $3.0B Clean Earth divestiture to Veolia on June 1, 2026; used $1.7B in proceeds to repay debt (fully retired $526M revolving credit and $475M senior notes), reducing total debt from $1.48B to $371M—a 75% decline.

  MD&A: Clean Earth divestiture and debt repayment verify on EDGAR →
• high

  Rail segment reported negative $78.8M revenue in Q2 2026 (vs. $58.0M positive in Q2 2025) and operating loss of $220.8M, driven by $136.5M revenue reversal from contract exits; operating margin was negative 280% in Q2.

  MD&A: Rail segment financial results verify on EDGAR →