PHILADELPHIA, PA — Enviri Corporation (NYSE: NVRI) has announced its first-quarter 2025 financial results, reporting revenues of $548 million and a GAAP consolidated loss from continuing operations of $11 million. Adjusted EBITDA for the quarter reached $67 million, exceeding the company’s guidance range of $57 million to $63 million.
The first-quarter GAAP diluted loss per share from continuing operations was $0.15, reflecting contract adjustments in Harsco Rail, restructuring costs in Harsco Environmental, and strategic expenses. On an adjusted basis, diluted loss per share was $0.18, a slight decrease from $0.03 in the prior-year period.
“We are pleased to have met our financial goals for the quarter, supported by consistent execution in our business units,” said Enviri Chairman and CEO Nick Grasberger. “Clean Earth continued to perform well, delivering double-digit earnings growth despite some weather-related challenges in the quarter. Notwithstanding persistent pressures in the steel industry, Harsco Environmental performed above our expectations, and at Rail, we strengthened our leadership team and continued to make positive progress on our ETO contracts.”
Grasberger also addressed the broader economic outlook, stating, “While we enter the second quarter amidst a backdrop of significant economic uncertainty, we do not expect our direct exposure to tariffs and recent global trade actions to be meaningful, and recent U.S. Dollar weakness is a net positive for Enviri. We are, however, mindful of the potential for slower economic activity due to the global trade environment, and as a result we are maintaining our 2025 outlook despite positive business momentum to start the year. Overall, we remain optimistic about our ability to execute against our organic growth ambitions as economic clarity develops and we remain focused on our goal to deliver sustainable value creation for shareholders.”
Segment Performance
Harsco Environmental
First-quarter revenues for Harsco Environmental were $243 million, a decline from the prior-year period due to business divestitures, foreign currency translation, and site closures. Adjusted EBITDA for the segment was $39 million, down from $49 million last year, with an Adjusted EBITDA margin of 16.2%.
Clean Earth
Clean Earth delivered strong performance, with revenues of $235 million, up 4% year-over-year due to higher volumes and improved pricing. Adjusted EBITDA for the segment was $38 million, an increase from $34 million in the prior-year quarter, with an improved margin of 16.2%.
Harsco Rail
Revenues for Harsco Rail stood at $70 million, a 7% decrease from the prior year due to reduced volumes for aftermarket parts and technology products. Adjusted EBITDA for the segment showed a loss of $2 million, compared to $2 million in positive Adjusted EBITDA in the same quarter last year.
2025 Outlook
Enviri reaffirmed its full-year 2025 guidance for Adjusted EBITDA and free cash flow despite challenges in the economic environment. The company projects growth in Adjusted EBITDA for Clean Earth and Harsco Rail, while Harsco Environmental is expected to see a decrease due to currency impacts and business divestitures.
While Enviri anticipates minimal direct impact from tariffs and global trade actions, it is maintaining a cautious approach due to uncertainties in global economic conditions. The company remains focused on executing its strategic initiatives, driving efficiency, and achieving sustainable growth across its business segments.
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