Quarterly ResultMay 11, 2026, 04:39 PM
ENVIRI Q1 Net Loss $(10.67)M; Revises Prior Financials
AI Summary
ENVIRI Corporation reported a net loss attributable to the company of $(10.67) million for the first quarter of 2026, an increase from the $(9.01) million net loss in the prior year, despite a slight increase in total revenues to $549.80 million. Operating income from continuing operations saw a significant decline. The company also revised previously issued financial statements due to errors related to defined benefit pension obligations and amended its Senior Secured Credit Facilities covenants, partly in anticipation of the planned sale of its Clean Earth segment.
Key Highlights
- Net loss attributable to Enviri Corporation was $(10.67) million for Q1 2026, compared to $(9.01) million in Q1 2025.
- Total revenues increased slightly to $549.80 million in Q1 2026 from $547.91 million in Q1 2025.
- Operating income from continuing operations significantly decreased to $0.79 million in Q1 2026 from $29.26 million in Q1 2025.
- Previously issued financial statements were revised due to errors related to defined benefit pension obligations.
- The Total Net Debt to Consolidated Adjusted EBITDA ratio was 4.98x at March 31, 2026, within the amended covenant of 5.50x.
- Net cash provided by operating activities increased to $21.54 million in Q1 2026 from $6.60 million in Q1 2025.
- The company plans to sell its Clean Earth segment to Veolia Environnement S.A.