Enviri 2025 Q3 Earnings Wider Losses as Net Income Dips 74%

Enviri (NVRI) reported mixed third-quarter results, with revenue flat year-over-year at $574.8 million but a significant widening of losses. The company cut its full-year guidance, citing persistent challenges in its Rail and Harsco Environmental segments.

Revenue

Enviri’s total revenue rose slightly by 0.2% to $574.82 million in 2025 Q3, aligning with 2024 levels. Harsco Environmental led the way with $261.13 million in revenue, followed by Clean Earth, which contributed $250.05 million. Harsco Rail added $63.63 million, though its performance lagged. The company’s operating income from continuing operations mirrored total revenue at $574.82 million.

Earnings/Net Income

Enviri’s losses deepened sharply, with a net loss of $21.36 million in Q3 2025, a 74.1% increase from the prior year. Earnings per share fell to -$0.28, representing a 75% wider loss compared to 2024. The company’s adjusted EBITDA totaled $74 million, but this figure fell short of internal expectations. The company’s losses widened significantly, with EPS and net income both showing sharp declines compared to the prior year.

Post-Earnings Price Action Review

Following the earnings report, Enviri’s stock experienced a notable upward trend, with a 6.96% gain on the day and a 14.18% surge over the week. Month-to-date, shares climbed 17.75%, suggesting investor optimism amid the mixed financial results. Despite the widened losses and lowered guidance, the stock’s post-earnings rally indicates confidence in potential strategic actions, particularly the pending sale of the Clean Earth division.

Additional News

Enviri announced a strategic review of its Clean Earth business, with strong interest from potential buyers and a potential transaction expected by year-end. The company also secured an amended credit agreement to facilitate the sale and provide financial flexibility. Management emphasized Clean Earth’s record performance, with 6% revenue growth and 17.3% EBITDA margins, while acknowledging ongoing challenges in the Rail segment. These developments underscore Enviri’s focus on restructuring and unlocking shareholder value through strategic divestitures.