Full-Time
Global waste management and environmental services
No salary listed
Souderton, PA, USA
In Person
Overnight travel up to 4 nights per week.
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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.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Philadelphia, Pennsylvania
Founded
1853
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Health Insurance
401(k) Retirement Plan
Remote Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Enviri Corporation is exiting its Deutsche Bahn and Network Rail contracts to reduce risk and improve cash flow. The decision led to $207 million in unusual charges, including $75 million in non-cash impairments and $133 million in incremental liabilities. The company's Harsco Environmental division saw growth from modest steel market improvements and cost discipline, despite volume challenges in Northern Europe and China. Rail performance improved through a strategic shift toward aftermarket opportunities, which experienced double-digit growth. Enviri is implementing restructuring actions, including closing its Ludington, Michigan manufacturing facility and eliminating approximately 300 positions globally. These measures are expected to deliver over $15 million in annual margin improvements. The sale of Clean Earth in June provided cash reserves to fund the contract exits. Management maintains full-year EBITDA guidance and anticipates meaningful growth in 2027 as restructuring initiatives take full effect.
Enviri Corporation has announced the conclusion of engineered-to-order contracts with Deutsche Bahn and Network Rail. Harsco Rail Europe sold relevant assets and intellectual property to General Atomics subsidiary Gleisbaumechanik Brandenburg to complete utility track vehicles for Deutsche Bahn, ceasing all contract activities. Separately, Harsco Rail Limited halted its Network Rail contract for stoneblower rail maintenance vehicles, closing associated manufacturing facilities. The company proposed extending the life of Network Rail's existing stoneblower fleet under its current multi-year service contract. Enviri will record a $75 million noncash impairment charge and a $133 million incremental liability for future contract obligations. The company's contract to deliver wagons to Swiss Federal Railways remains on schedule, with significant cash payments expected in 2027.
Enviri reported flat year-on-year revenue of $549.8 million in Q1, slightly beating analyst estimates, whilst adjusted earnings per share of $0.10 significantly exceeded expectations of -$0.29. The positive results drove a favourable market reaction. CEO F. Nicholas Grasberger attributed the performance to solid operational execution in Harsco Environmental and Rail segments, despite headwinds in Clean Earth. Adjusted EBITDA reached $64.6 million, beating estimates by 10.7%. During the earnings call, analysts focused on Rail's order book weakness due to softer North American OEM demand, though management expects second-half recovery. The company is prioritising aftermarket business, which comprises 40% of Rail revenues at twice the margins of original equipment. Management anticipates Rail returning to cash generation by 2027.
Enviri reported flat first-quarter revenue of $550 million compared to the prior year, whilst confirming it remains on track to complete the sale of Clean Earth and spin-off of New Enviri around 1 June. Shareholders approved the Clean Earth sale last week, and the SEC declared the Form 10 filing for the New Enviri spin-off effective. Chairman and CEO Nick Grasberger said the company has cleared key regulatory milestones and expects closing in approximately three weeks. The cash payout to shareholders will be announced shortly before closing, with the cash conversion range remaining at $14.50 to $16.50 per share. Adjusted EBITDA was $65 million, whilst adjusted diluted earnings per share reached $0.10. Harsco Environmental generated revenue of $257 million, up 6% year-over-year.
Enviri, a steel and waste handling company, reported first-quarter 2026 revenue of $549.8 million, beating Wall Street expectations by 0.7% though flat year on year. The company's non-GAAP earnings of $0.10 per share significantly exceeded analyst estimates of -$0.29. Adjusted EBITDA reached $64.6 million with an 11.8% margin, beating estimates by 10.7%. However, operating margin declined to 0.1% from 5.5% in the prior year period. Free cash flow improved to -$12.19 million from -$15.02 million year on year. Chairman and CEO Nick Grasberger noted the results reflected continued execution despite weather-related disruptions. Analysts project 2.7% revenue growth over the next 12 months, below the sector average. The company has a market capitalisation of $1.59 billion.