NVRI News & Events

Enviri Corporation (NVRI) announced that an initial Form 10 registration statement has been filed with the U.S. Securities and Exchange Commission in connection with the previously announced spin-off of Harsco Environmental and Rail into a standalone, publicly traded company. The spin-off is expected to occur immediately prior to the Company's sale of its Clean Earth division to Veolia Environnement S.A. (VEOEY). The company expects to file its proxy statement related to the Clean Earth sale with the SEC in the near-term. The spin-off of New Enviri is expected to occur in mid-2026 immediately prior to the closing of the Clean Earth sale, which is subject to approval by Enviri shareholders, the effectiveness of the Form 10 and satisfaction of other customary closing conditions. Effective with the spin-off of New Enviri, Carolann I. Haznedar is expected to serve as Chair of New Enviri.

Enviri announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 in connection with the previously announced sale of Clean Earth to Veolia Environnement SA. Termination of the waiting period satisfies a closing condition necessary for completing the transaction. The company expects to file its Form 10 registration statement for the spin-off of Harsco Environmental and Harsco Rail and its proxy statement related to the Clean Earth sale with the U.S. Securities and Exchange Commission later this month. The closing of the Clean Earth sale and spin-off of New Enviri are expected to occur in mid-2026, subject to approval by Enviri shareholders and satisfaction of other customary closing conditions.

Reports Q4 revenue $556M, consensus $550.9M. "2025 was a transformative year for Enviri, culminating in solid financial performance in the fourth quarter," said Enviri Chairman and CEO Nick Grasberger. "Clean Earth finished another record year, with strong execution across the organization as it delivered on its growth and operational goals. Harsco Environmental realized its highest quarterly earnings of the year in Q4 while continuing to navigate challenges within the global steel industry. In Rail, we're continuing to take actions to address supply-chain and manufacturing pressures and right-size the organization, while remaining focused on efforts to further manage the segment's ETO exposure."