| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 549.80 | 0.3% |
| Total Income | 549.80 | 0.3% |
| Expenditure | 549.01 | 6.1% |
| PBT | -32.80 | 954.7% |
| Net Profit | -10.67 | 20.4% |
| OPM | 0.14% | 5.45pp |
| NPM | -1.94% | 0.50pp |
| EPS | -0.13 | 23.5% |
Enviri Corporation Reports Q1 2026 Revenues of $550 Million and Adjusted Diluted EPS of $0.10
12 May 2026 · 12 May, 1:52 am
Summary
Enviri Corporation announced its first quarter 2026 results, reporting revenues of $550 million, a modest increase from the prior year. The company posted a GAAP consolidated loss from continuing operations of $8 million, but achieved adjusted diluted earnings per share of $0.10, a positive shift from a loss in Q1 2025. Adjusted EBITDA for the quarter was $65 million, with an 11.8% margin. Management reaffirmed its 2026 Adjusted EBITDA outlook for Harsco Environmental and Harsco Rail, highlighting continued execution and progress towards the planned sale of Clean Earth and the spin-off of New Enviri in the second quarter.
Key Highlights
- 1
Enviri Corporation reported first quarter 2026 revenues of $550 million, a slight increase from $548 million in the prior-year quarter.
- 2
The company recorded a GAAP consolidated loss from continuing operations of $8 million for Q1 2026, compared to a loss of $7 million in Q1 2025.
- 3
Adjusted EBITDA for the first quarter totaled $65 million, down from $71 million in the comparable period of 2025, resulting in an Adjusted EBITDA margin of 11.8%.
- 4
Diluted loss per share from continuing operations on a GAAP basis was $0.12, while adjusted diluted earnings per share from continuing operations improved to $0.10, a significant turnaround from an adjusted diluted loss per share of $0.11 in Q1 2025.
- 5
The sale of Clean Earth and the spin-off of Harsco Environmental and Harsco Rail ('New Enviri') remain on track for completion in the second quarter, with closing expected on June 1, 2026.
- 6
Harsco Environmental's revenues increased by 6% to $257 million in Q1 2026, though its Adjusted EBITDA slightly decreased to $38 million from $39 million year-over-year.
- 7
Net cash provided by operating activities saw a substantial increase to $22 million in Q1 2026, up from $7 million in the prior-year period, while adjusted free cash flow improved to $(6) million from $(13) million.
Management Comments
Nick Grasberger
Our first quarter results reflect continued execution across the business as we navigated a dynamic operating environment and weather-related disruptions that impacted Clean Earth. We remain on track to complete the sale of Clean Earth and the separation of Harsco Environmental and Harsco Rail in the second quarter, unlocking significant sum-of-the-parts value and marking an important milestone for the Company.
Russell Hochman
Harsco Environmental delivered resilient EBITDA performance in the first quarter. Rail results were also better than anticipated despite weak underlying demand, and we are continuing to take actions to better align the business with current market conditions and manage ETO exposure. Our comprehensive review of both Harsco Environmental and Harsco Rail is ongoing. As we move toward the launch of New Enviri, we are focused on reducing complexity, and we expect to identify additional opportunities to expand margins, enhance earnings potential and improve cash flow.
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