Enviri Corporation reported a total revenue of $2.24 billion for the fiscal year ending December 31, 2025, reflecting a decrease of 4.4% compared to $2.34 billion in 2024. The decline was primarily driven by a significant drop in revenue from the Harsco Environmental segment, which fell by 8.3% to $1.02 billion, and a 15.2% decrease in the Harsco Rail segment, which generated $247.1 million. In contrast, the Clean Earth segment experienced a modest increase of 3.6%, reaching $973.9 million. The company's operating income from continuing operations was $4.2 million, a sharp decline from $30.7 million in the previous year, largely due to increased costs and lower revenues.
The company is undergoing a strategic transformation, highlighted by its agreement to sell the Clean Earth segment to Veolia Environnement S.A. for over $3 billion. This transaction, expected to close in 2026, is part of a broader effort to streamline operations and focus on core business segments. The sale will result in the creation of a new publicly traded entity, New Enviri, which will encompass the Harsco Environmental and Harsco Rail segments. This strategic move aims to unlock shareholder value and reduce portfolio complexity.
Operationally, Enviri reported a total employee count of nearly 12,000 across more than 30 countries. The company serves over 90,000 customer locations, with significant contracts in the environmental services sector. The Harsco Environmental segment alone serves approximately 70 mill services customers at around 120 sites globally. The company has also seen a notable increase in its contract backlog, which stood at $208.7 million for the Rail segment as of December 31, 2025, indicating a strong pipeline for future revenue.
Looking ahead, Enviri's management expressed optimism about the company's future performance, citing ongoing investments in innovation and sustainability initiatives. The company plans to continue expanding its service offerings and geographic reach, particularly in emerging markets. However, the management also acknowledged potential risks, including economic uncertainties and regulatory challenges, which could impact operational performance and financial results in the coming periods.
About ENVIRI Corp
Enviri Corporation is a global provider of environmental solutions, specializing in industrial and specialty waste management, resource recovery, and recycling services. Its core segments—Harsco Environmental, Clean Earth, and Harsco Rail—serve industries such as metals, construction, and transportation. The company offers waste treatment, recycling, and equipment solutions, focusing on sustainability, regulatory compliance, and innovative downstream products to support customer operational efficiencies and environmental goals.
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