Enviri to Complete Clean Earth Sale and Harsco Spin-off by June 2026
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 34 minutes ago
0mins
Should l Buy NVRI?
Source: Newsfilter
- Transaction Completion Date: Enviri expects to finalize the sale of Clean Earth and the spin-off of Harsco Environmental and Rail on June 1, 2026, marking a significant milestone in the company's strategic restructuring aimed at enhancing operational efficiency and market competitiveness.
- Shareholder Payout: Following the transaction's completion, Enviri stockholders will receive a cash payment of $15.00 per share, a move that not only alleviates the company's debt burden but also boosts shareholder confidence and encourages future investments.
- New Company Stock Trading: The newly formed Enviri II Corporation is expected to begin “When Issued” trading on May 27, 2026, and regular trading under the ticker “NVRI” on June 2, 2026, showcasing the company's active presence and appeal in the capital markets.
- Shareholder Equity Distribution: After the Holding Company Merger, Enviri stockholders will proportionally receive shares of New Enviri common stock, further enhancing shareholder value and engagement, reflecting the company's commitment to shareholder interests.
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Analyst Views on NVRI
Wall Street analysts forecast NVRI stock price to fall
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 19.180
Low
12.50
Averages
18.25
High
24.00
Current: 19.180
Low
12.50
Averages
18.25
High
24.00
About NVRI
Enviri Corporation is a global provider of environmental solutions for industrial and specialty waste streams, and equipment and technology for the rail sector. The Company’s segments include Harsco Environmental (HE), Clean Earth (CE) and Harsco Rail (Rail). HE operates primarily under long-term contracts, providing critical environmental services and material processing to the global steel and metals industries, including zero-waste solutions for manufacturing byproducts within the metals industry. CE provides specialty waste processing, treatment, recycling, and beneficial reuse solutions for customers in the industrial, retail, healthcare and construction industries across a variety of waste needs, including hazardous, non-hazardous, and contaminated soils and dredged materials. Rail is a provider of highly engineered maintenance equipment, aftermarket parts and safety and diagnostic systems and contracting solutions, which support railroad and transit customers worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Enviri to Complete Clean Earth Sale and Harsco Spin-off by June 2026
- Transaction Completion Date: Enviri expects to finalize the sale of Clean Earth and the spin-off of Harsco Environmental and Rail on June 1, 2026, marking a significant milestone in the company's strategic restructuring aimed at enhancing operational efficiency and market competitiveness.
- Shareholder Payout: Following the transaction's completion, Enviri stockholders will receive a cash payment of $15.00 per share, a move that not only alleviates the company's debt burden but also boosts shareholder confidence and encourages future investments.
- New Company Stock Trading: The newly formed Enviri II Corporation is expected to begin “When Issued” trading on May 27, 2026, and regular trading under the ticker “NVRI” on June 2, 2026, showcasing the company's active presence and appeal in the capital markets.
- Shareholder Equity Distribution: After the Holding Company Merger, Enviri stockholders will proportionally receive shares of New Enviri common stock, further enhancing shareholder value and engagement, reflecting the company's commitment to shareholder interests.
See More
Enviri Corporation Q1 2026 Earnings Call Insights
- Clean Earth Transaction Progress: Enviri shareholders approved the sale of Clean Earth, with an expected closing in approximately three weeks, marking a significant step in the company's strategic restructuring that is anticipated to improve financial health and reduce related interest burdens.
- Financial Performance Exceeds Expectations: The first quarter reported total revenue of $550 million and adjusted EPS of $0.10, both surpassing analyst estimates, indicating that operational improvements and service demand from new sites have driven revenue growth for Harsco Environmental.
- Rail Business Challenges: Despite the base profitability of the Rail segment exceeding expectations, it continues to face weak equipment demand and order backlog issues, with projected EBITDA losses for 2026 ranging from $19 million to $26 million, reflecting significant market uncertainty.
- Management Transition: CEO Grasberger announced his departure during the earnings call, marking a major leadership change, while incoming CFO Minan emphasized a continued focus on enhancing aftermarket revenue and optimizing manufacturing operations to address future challenges.
See More
Enviri (NVRI) Q1 2026 Earnings Call Transcript
See More
Enviri Corp to Announce Q1 Earnings on May 11
- Earnings Announcement: Enviri Corp (NVRI) is set to release its Q1 2023 earnings on May 11 after market close, with consensus EPS estimate at -$0.29 and revenue at $546.25 million, highlighting the challenges and opportunities the company faces in the current economic climate.
- Historical Performance Review: Over the past two years, Enviri has beaten EPS estimates 38% of the time and revenue estimates 75% of the time, indicating a degree of capability to exceed expectations, which could positively impact stock prices.
- Expectation Revisions: In the last three months, there have been no upward revisions for EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, reflecting a cautious market sentiment regarding the company's future performance, potentially affecting investor confidence.
- Future Outlook: Enviri has set a pro forma EBITDA target of $140 million for 2026 as the spin-off progresses, making its future financial performance and market positioning a focal point for investors, which may influence stock price movements.
See More
Enviri's Sale of Clean Earth Approved by 99.54% of Shareholders
- Shareholder Vote Outcome: Enviri Corporation announced that 99.54% of shareholders voted in favor of selling its Clean Earth division to Veolia, reflecting strong market confidence and endorsement of the transaction, which is expected to unlock new growth opportunities for the company.
- New Enviri Overview: The newly formed Enviri is projected to achieve approximately $1.2 billion in annualized revenue for 2026, launching with a conservative capital structure of 2.0x net debt to adjusted EBITDA, indicating financial stability that will enhance future flexibility.
- Transaction Completion Timeline: The sale of Clean Earth and the spin-off of New Enviri are targeted for mid-2026, contingent upon customary closing conditions, providing the company with a clear strategic direction and market expectations.
- Market Leadership Position: New Enviri will emerge as a global leader in industrial waste management and rail equipment, with significant earnings and cash flow growth potential anticipated through internal improvements and market recovery, further solidifying its leadership in the environmental sector.
See More
Investment Outlook for Enviri Corporation Stock
- Stock Performance: As of April 28, Enviri Corporation's shares traded at $19.44, and despite recent appreciation, the stock remains undervalued due to uncertainties surrounding final cash proceeds, with potential upside exceeding 70% anticipated.
- Business Spin-off Plan: Enviri plans to split into a standalone entity, with Harsco Environmental and Harsco Rail forming a new company, expected to generate approximately $240 million in EBITDA by 2028, trading at only 2-3x post-transaction, indicating significant value potential.
- Market Environment: Enviri's environmental business is poised to benefit from recovering steel demand and favorable European regulatory changes, which are expected to enhance domestic steel production and service demand, strengthening the company's market position.
- Investment Risks and Opportunities: While NVRI carries certain investment risks, its capital-light and cyclical resilience model supports long-term value creation, with 34 hedge funds holding the stock in Q4 2023, indicating market recognition of its potential.
See More
Enviri to Complete Clean Earth Sale and Harsco Spin-off by June 2026
- Transaction Completion Date: Enviri expects to finalize the sale of Clean Earth and the spin-off of Harsco Environmental and Rail on June 1, 2026, marking a significant milestone in the company's strategic restructuring aimed at enhancing operational efficiency and market competitiveness.
- Shareholder Payout: Following the transaction's completion, Enviri stockholders will receive a cash payment of $15.00 per share, a move that not only alleviates the company's debt burden but also boosts shareholder confidence and encourages future investments.
- New Company Stock Trading: The newly formed Enviri II Corporation is expected to begin “When Issued” trading on May 27, 2026, and regular trading under the ticker “NVRI” on June 2, 2026, showcasing the company's active presence and appeal in the capital markets.
- Shareholder Equity Distribution: After the Holding Company Merger, Enviri stockholders will proportionally receive shares of New Enviri common stock, further enhancing shareholder value and engagement, reflecting the company's commitment to shareholder interests.
See More
Enviri Corporation Q1 2026 Earnings Call Insights
- Clean Earth Transaction Progress: Enviri shareholders approved the sale of Clean Earth, with an expected closing in approximately three weeks, marking a significant step in the company's strategic restructuring that is anticipated to improve financial health and reduce related interest burdens.
- Financial Performance Exceeds Expectations: The first quarter reported total revenue of $550 million and adjusted EPS of $0.10, both surpassing analyst estimates, indicating that operational improvements and service demand from new sites have driven revenue growth for Harsco Environmental.
- Rail Business Challenges: Despite the base profitability of the Rail segment exceeding expectations, it continues to face weak equipment demand and order backlog issues, with projected EBITDA losses for 2026 ranging from $19 million to $26 million, reflecting significant market uncertainty.
- Management Transition: CEO Grasberger announced his departure during the earnings call, marking a major leadership change, while incoming CFO Minan emphasized a continued focus on enhancing aftermarket revenue and optimizing manufacturing operations to address future challenges.
See More
Enviri (NVRI) Q1 2026 Earnings Call Transcript
See More
Enviri Corp to Announce Q1 Earnings on May 11
- Earnings Announcement: Enviri Corp (NVRI) is set to release its Q1 2023 earnings on May 11 after market close, with consensus EPS estimate at -$0.29 and revenue at $546.25 million, highlighting the challenges and opportunities the company faces in the current economic climate.
- Historical Performance Review: Over the past two years, Enviri has beaten EPS estimates 38% of the time and revenue estimates 75% of the time, indicating a degree of capability to exceed expectations, which could positively impact stock prices.
- Expectation Revisions: In the last three months, there have been no upward revisions for EPS estimates and one downward revision, while revenue estimates also saw no upward revisions and one downward revision, reflecting a cautious market sentiment regarding the company's future performance, potentially affecting investor confidence.
- Future Outlook: Enviri has set a pro forma EBITDA target of $140 million for 2026 as the spin-off progresses, making its future financial performance and market positioning a focal point for investors, which may influence stock price movements.
See More
Enviri's Sale of Clean Earth Approved by 99.54% of Shareholders
- Shareholder Vote Outcome: Enviri Corporation announced that 99.54% of shareholders voted in favor of selling its Clean Earth division to Veolia, reflecting strong market confidence and endorsement of the transaction, which is expected to unlock new growth opportunities for the company.
- New Enviri Overview: The newly formed Enviri is projected to achieve approximately $1.2 billion in annualized revenue for 2026, launching with a conservative capital structure of 2.0x net debt to adjusted EBITDA, indicating financial stability that will enhance future flexibility.
- Transaction Completion Timeline: The sale of Clean Earth and the spin-off of New Enviri are targeted for mid-2026, contingent upon customary closing conditions, providing the company with a clear strategic direction and market expectations.
- Market Leadership Position: New Enviri will emerge as a global leader in industrial waste management and rail equipment, with significant earnings and cash flow growth potential anticipated through internal improvements and market recovery, further solidifying its leadership in the environmental sector.
See More
Investment Outlook for Enviri Corporation Stock
- Stock Performance: As of April 28, Enviri Corporation's shares traded at $19.44, and despite recent appreciation, the stock remains undervalued due to uncertainties surrounding final cash proceeds, with potential upside exceeding 70% anticipated.
- Business Spin-off Plan: Enviri plans to split into a standalone entity, with Harsco Environmental and Harsco Rail forming a new company, expected to generate approximately $240 million in EBITDA by 2028, trading at only 2-3x post-transaction, indicating significant value potential.
- Market Environment: Enviri's environmental business is poised to benefit from recovering steel demand and favorable European regulatory changes, which are expected to enhance domestic steel production and service demand, strengthening the company's market position.
- Investment Risks and Opportunities: While NVRI carries certain investment risks, its capital-light and cyclical resilience model supports long-term value creation, with 34 hedge funds holding the stock in Q4 2023, indicating market recognition of its potential.
See More
