Traders should closely monitor the shareholder vote on the proposed sale and spin-off, as approval could unlock value. However, the company's core business, particularly Harsco Rail, is facing significant challenges, which may limit near-term upside. The stock price reaction will likely depend on investor confidence in the new leadership's ability to improve margins for the spun-off 'New Enviri' entity.
Price Chart
Executive Summary
Enviri Corporation is proposing to sell its Clean Earth business to Veolia Environnement S.A. and spin off its remaining business as 'New Enviri'. This DEFA14A filing is a proxy statement soliciting shareholder approval for these transactions. The company is also providing financial results and an outlook, showing a decline in overall revenue and adjusted EBITDA for 2025, with the Harsco Rail segment performing poorly.
Key Facts
- Enviri is proposing to sell its Clean Earth business to Veolia Environnement S.A. and spin off its remaining business as 'New Enviri'.
- The filing is a definitive proxy statement (DEFA14A) seeking shareholder approval for these transactions.
- For 2025, Enviri's total revenue decreased by 4% year-over-year to $2.24 billion, and adjusted EBITDA decreased by 14% to $275 million.
- The Harsco Rail segment was a significant drag, with revenue down 16% and adjusted EBITDA of $(26) million for the full year 2026 outlook.
- The company's leadership is conducting a review of the businesses to drive future margins and shareholder value.
Financial Impact
Revenue decreased 4% YoY to $2.24B; Adjusted EBITDA decreased 14% YoY to $275M.
Risk Factors
- The proposed sale of Clean Earth and the spin-off of New Enviri may not be completed as expected, or at all.
- The Harsco Rail segment is experiencing a significant downturn, which could continue to drag on overall company performance.
- The company's future financial performance is uncertain, and the new leadership's review may not yield the expected benefits.
Market Snapshot
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| DEFA14A Filing (Primary) | 0001193125-26-067430 |
| Document: 0001193125-26-067430-index-headers.html | 0001193125-26-067430 |
| Document: 0001193125-26-067430-index.html | 0001193125-26-067430 |
| Document: 0001193125-26-067430.txt | 0001193125-26-067430 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $20.52 $20.55 | ▲ +0.15% | ▲ +2.10% | $20.21 (−1.51%) |
Aug 11, 2026 7w ago | 8-K | $20.14 $22.55 | ▲ +11.97% | ▲ +13.03% | $20.21 (+0.35%) |
Aug 4, 2026 8w ago | 144 | $23.86 $22.01 | ▲ +7.75% | ▲ +6.52% | $20.21 (+15.30%) |
Jul 29, 2026 9w ago | 144 | $22.19 $23.08 | ▲ +4.01% | ▼ −1.01% | $20.21 (−8.92%) |
Jul 21, 2026 10w ago | 144 | $21.87 $19.66 | ▼ −10.11% | ▼ −12.67% | $20.21 (−7.59%) |
Jun 12, 2026 16w ago | 15-12G | $21.35 $23.28 | ▲ +9.04% | ▲ +7.26% | $20.21 (−5.34%) |
Jun 8, 2026 16w ago | Insider Cluster | $21.13 $22.53 | ▲ +6.63% | ▲ +5.18% | $20.21 (−4.35%) |
Jun 5, 2026 17w ago | EFFECT | $19.30 $23.10 | ▲ +19.69% | ▲ +17.83% | $20.21 (+4.72%) |
Jun 4, 2026 17w ago | Insider Cluster | $19.70 $22.59 | ▲ +14.67% | ▲ +16.04% | $20.21 (+2.59%) |
Jun 1, 2026 17w ago | 8-K | $19.20 $23.22 | ▲ +20.94% | ▲ +22.50% | $20.21 (+5.26%) |
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