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Overview
Enviri is a global environmental services company focused on managing waste, recycling, and environmental remediation. Its operations come through three divisions: Harsco Environmental, Clean Earth, and Harsco Rail, which handle industrial waste management, hazardous and non-hazardous waste disposal, soil and material remediation, metal recycling, and rail-related environmental services. The company uses a centralized environmental solutions model, leveraging its combined capabilities to address complex environmental challenges for customers in energy, manufacturing, infrastructure, and transportation sectors. Enviri differentiates itself by combining these three divisions into a single-thesis environmental services platform, shifting from a diversified industrial history to a dedicated environmental solutions provider. Its goal is to help industries reduce environmental impact, safely manage waste, and advance sustainable practices on a global scale.
About Enviri
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Philadelphia, Pennsylvania
Founded
1853
Simplify's Take
What believers are saying
- Veolia's $3B Clean Earth acquisition, closing mid-2026, cuts debt sharply.
- Angelo Gordon and Newtyn Management invested $78M in February 2026, boosting confidence.
- Reed Minerals' $45M sale to Speyside exceeds 2024 asset targets for deleveraging.
What critics are saying
- Clean Earth sale eliminates 40% revenue by mid-2026, forcing restructuring.
- Net-debt-to-EBITDA spikes to 8-10x post-sale, breaching covenants in 6-12 months.
- Steel sector decline contracts Harsco Environmental revenue 2.7% annually since 2024.
What makes Enviri unique
- Enviri specializes in steel mill waste recycling via Harsco Environmental's on-site services.
- Clean Earth leads U.S. hazardous waste management with 27 permitted facilities.
- Harsco Rail provides specialized track maintenance under long-term industrial contracts.
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Funding
Total Funding
$625M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Health Insurance
401(k) Retirement Plan
Remote Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Stock Price
Company News
Veralto, which provides water analytics and treatment solutions, reported Q4 revenues of $1.40 billion, up 3.8% year-on-year but missing analysts' expectations by 0.5%. The company delivered a mixed quarter, beating EPS estimates whilst missing EPS guidance for next quarter. The environmental and facilities services sector overall posted a slower Q4, with the 12 tracked stocks missing revenue consensus estimates by 0.9% on average. Share prices have declined 6.4% on average since earnings results. Enviri performed best in the sector, reporting revenues of $555 million and beating analysts' expectations by 0.7%. Perma-Fix posted the weakest results, with revenues of $15.72 million missing expectations by 11.2%. Veralto's stock has fallen 6.8% since reporting and currently trades at $90.87.
Angelo Gordon & Co. acquired 2,339,915 shares of Enviri for an estimated $34.87 million on 17 February 2026, according to an SEC filing. The purchase increased Enviri's share of the fund's assets to 5.95% as of 31 December 2025. Enviri shares were trading at $19.00 on the filing date, up 117.6% over the past year and outperforming the S&P 500 by 95.28 percentage points. The surge follows Enviri's November announcement of a $3 billion cash sale of its Clean Earth division to Veolia, expected to close mid-2026. The company provides environmental solutions for industrial and specialty waste streams, generating $2.24 billion in revenue over the trailing twelve months through long-term service contracts and specialty waste processing.
Enviri's stock has surged 54.5% over the past six months to $18.17 per share, but analysts advise caution despite the momentum. The company faces three significant challenges. Revenue has declined at an annualised rate of 2.7% over the past two years, reversing its five-year trend. Free cash flow margin has averaged negative 1.8% over five years, indicating the company burns $1.83 in cash for every $100 in revenue. Most concerning is Enviri's debt position. The company carries $1.63 billion in debt against just $125.3 million in cash, with a net-debt-to-EBITDA ratio of 5×. This high leverage increases risk and limits financial flexibility. Analysts recommend waiting for improved profitability or debt reduction before investing.
Newtyn Management purchased 2.9 million shares of Enviri Corporation in a $43.31 million transaction during the fourth quarter, according to a 17 February SEC filing. The environmental solutions company now represents 8.8% of Newtyn's reportable assets, making it the fund's fourth-largest holding. Enviri shares have surged 120% over the past year to $19.00, significantly outperforming the S&P 500's 13% gain. The rally followed Veolia Environnement's announcement to acquire Enviri's Clean Earth segment for $3 billion in cash. Despite the stock's strong performance, third-quarter results showed flat revenue at $575 million and declining adjusted EBITDA. The company provides industrial waste management and resource recovery services under long-term contracts to metals manufacturers and other industrial clients.
PHILADELPHIA (Sept.
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About Enviri
Industries
Industrial & Manufacturing
Energy
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Philadelphia, Pennsylvania
Founded
1853
Enviri is Hiring for 82 Jobs on Simplify!
Find jobs on Simplify and start your career today