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Enviri Earnings Calls
| Release date | May 11, 2026 |
| EPS estimate | -$0.260 |
| EPS actual | $0.100 |
| EPS Surprise | 138.46% |
| Revenue estimate | 465.367M |
| Revenue actual | 549.803M |
| Revenue Surprise | 18.14% |
| Release date | Feb 24, 2026 |
| EPS estimate | -$0.227 |
| EPS actual | -$0.170 |
| EPS Surprise | 25.00% |
| Revenue estimate | 550.9M |
| Revenue actual | 556.382M |
| Revenue Surprise | 1.00% |
| Release date | Nov 10, 2025 |
| EPS estimate | -$0.227 |
| EPS actual | -$0.0800 |
| EPS Surprise | 64.71% |
| Revenue estimate | 550.9M |
| Revenue actual | 574.815M |
| Revenue Surprise | 4.34% |
| Release date | Aug 05, 2025 |
| EPS estimate | $0.0500 |
| EPS actual | -$0.220 |
| EPS Surprise | -540.00% |
| Revenue estimate | 574M |
| Revenue actual | 562.254M |
| Revenue Surprise | -2.05% |
Last 4 Quarters for Enviri
Below you can see how NVRI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 05, 2025 |
| Price on release | $8.78 |
| EPS estimate | $0.0500 |
| EPS actual | -$0.220 |
| EPS surprise | -540.00% |
| Date | Price |
|---|---|
| Jul 30, 2025 | $9.13 |
| Jul 31, 2025 | $9.00 |
| Aug 01, 2025 | $8.60 |
| Aug 04, 2025 | $8.63 |
| Aug 05, 2025 | $8.78 |
| Aug 06, 2025 | $8.27 |
| Aug 07, 2025 | $8.83 |
| Aug 08, 2025 | $8.65 |
| Aug 11, 2025 | $8.75 |
| 4 days before | -3.83% |
| 4 days after | -0.342% |
| On release day | -5.81% |
| Change in period | -4.16% |
| Release date | Nov 10, 2025 |
| Price on release | $12.68 |
| EPS estimate | -$0.227 |
| EPS actual | -$0.0800 |
| EPS surprise | 64.71% |
| Date | Price |
|---|---|
| Nov 04, 2025 | $11.85 |
| Nov 05, 2025 | $12.21 |
| Nov 06, 2025 | $12.23 |
| Nov 07, 2025 | $12.19 |
| Nov 10, 2025 | $12.68 |
| Nov 11, 2025 | $13.53 |
| Nov 12, 2025 | $13.35 |
| Nov 13, 2025 | $13.14 |
| Nov 14, 2025 | $13.38 |
| 4 days before | 7.00% |
| 4 days after | 5.52% |
| On release day | 6.70% |
| Change in period | 12.91% |
| Release date | Feb 24, 2026 |
| Price on release | $17.93 |
| EPS estimate | -$0.227 |
| EPS actual | -$0.170 |
| EPS surprise | 25.00% |
| Date | Price |
|---|---|
| Feb 18, 2026 | $19.20 |
| Feb 19, 2026 | $19.34 |
| Feb 20, 2026 | $19.16 |
| Feb 23, 2026 | $19.11 |
| Feb 24, 2026 | $17.93 |
| Feb 25, 2026 | $17.85 |
| Feb 26, 2026 | $18.59 |
| Feb 27, 2026 | $18.93 |
| Mar 02, 2026 | $18.30 |
| 4 days before | -6.61% |
| 4 days after | 2.06% |
| On release day | -0.446% |
| Change in period | -4.69% |
| Release date | May 11, 2026 |
| Price on release | $18.88 |
| EPS estimate | -$0.260 |
| EPS actual | $0.100 |
| EPS surprise | 138.46% |
| Date | Price |
|---|---|
| May 05, 2026 | $19.39 |
| May 06, 2026 | $19.24 |
| May 07, 2026 | $19.21 |
| May 08, 2026 | $19.26 |
| May 11, 2026 | $18.88 |
| May 12, 2026 | $19.67 |
| May 13, 2026 | $19.48 |
| May 14, 2026 | $19.74 |
| May 15, 2026 | $19.39 |
| 4 days before | -2.63% |
| 4 days after | 2.70% |
| On release day | 4.18% |
| Change in period | 0% |
Enviri Earnings Call Transcript Summary of Q1 2026
Key points for investors:
- Transaction and timing: Enviri cleared regulatory milestones for the sale of Clean Earth and the spin-off of New Enviri. Management expects closing around June 1. A cash payout to shareholders related to the Clean Earth sale will be announced shortly before closing; management's cash conversion range is $14.50 to $16.50 per share.
- Leadership changes: Nick Grasberger and CFO Tom Vadaketh will depart after the transactions. Russell Hochman will lead New Enviri as CEO and Pete Minan will join as CFO of New Enviri.
- Financial performance (Q1 2026): Consolidated revenue was $550 million and adjusted EBITDA was $65 million. Adjusted diluted EPS was $0.10. Adjusted free cash flow was negative $6 million (a seasonally weak quarter). Rail consumed $18 million of cash in the quarter, largely due to ETO contracts.
- Segment highlights:
- Harsco Environmental: Revenue $257 million (up 6% YoY), adjusted EBITDA $38 million. Strength from new sites, higher services demand, operational improvements and FX benefits. EU steel trade measures progressing with implementation expected in July.
- Rail: Revenue $67 million, adjusted EBITDA loss $1 million. Base aftermarket/business performed better than expected but equipment demand remains weak; ETO-related overhead continues to pressure cash flow.
- Clean Earth: Executed but volumes/project activity were sluggish due to weather; to be sold and reported as discontinued operations upon closing.
- Guidance and outlook: Guidance for New Enviri (pro forma) unchanged for 2026: Harsco Environmental adj. EBITDA $170–$180 million; Rail EBITDA loss $19–$26 million. Pro forma EBITDA using midpoints is roughly $140 million. Management expects modest free cash flow for the full year. Q2 expectations: HE roughly comparable to Q2 2025; Rail EBITDA expected to decline due to lower volumes.
- Strategic priorities for New Enviri: Russell emphasizes an accelerated “deep dive” review to drive site productivity, SG&A optimization, supply chain and inventory improvements, prioritize higher-margin aftermarket and capital-light opportunities, reduce manufacturing footprint and further derisk Rail’s ETO contracts.
- Rail contract update: SBB deliveries largely accepted with remaining 2 of 48 vehicles expected to be accepted in coming months; homologation for second vehicle type expected early 2027. Deutsche Bahn and Network Rail contracts are being actively managed to maximize cash flows and reduce volatility. Management expects the SBB project to turn cash positive in 2027.
- Risks and uncertainties: Economic uncertainty (including Middle East geopolitical risk and higher energy prices), weak demand for OEM rail equipment, and the ETO contract risk profile in Rail remain key watch items. Management notes they will provide more on implementation and progress through 2026 and into 2027.
