The EPS beat is significant, but the YoY decline in Adjusted EBITDA and reaffirmed (not raised) guidance cap the upside. The key catalyst is the June 1 separation — monitor for any delays or changes in deal terms. The stock may trade on spin-off execution rather than quarterly fundamentals.
Price Chart
Executive Summary
Enviri (NVRI) reported Q1 2026 GAAP diluted EPS of -$0.12, beating the -$0.29 consensus by 58.6%, while revenue of $550M was roughly in line with the $546.3M estimate. Adjusted EBITDA fell to $65M from $71M YoY, and the company reaffirmed its 2026 outlook for Harsco Environmental and Harsco Rail, with the Clean Earth sale and spin-off of New Enviri on track for June 1, 2026.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP diluted EPS from continuing operations: -$0.12 vs consensus -$0.29 (beat by 58.6%)
- Q1 2026 revenue: $550M vs consensus $546.3M (slight beat)
- Adjusted EBITDA: $65M in Q1 2026 vs $71M in Q1 2025 (down 8.5% YoY)
- Adjusted diluted EPS from continuing operations: $0.10 vs -$0.11 in Q1 2025
- Clean Earth sale and spin-off of New Enviri expected to close June 1, 2026
- 2026 Adjusted EBITDA guidance reaffirmed: Harsco Environmental $170-180M, Harsco Rail -$26M to -$19M, New Enviri pro forma ~$140M
- Operating cash flow improved to $22M from $7M YoY; adjusted free cash flow was -$6M vs -$13M YoY
Financial Impact
EPS beat of $0.17 vs consensus, but Adjusted EBITDA declined $6M YoY; no guidance change
Risk Factors
- Clean Earth sale or spin-off could be delayed or face regulatory hurdles
- Harsco Rail continues to lose money; guidance implies deeper losses in 2026
- Adjusted EBITDA margin compressed YoY across all segments
- High debt load ($1.56B long-term debt vs $274M equity)
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3292295 |
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%) |
US Market Status
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