Enviri Q1 adjusted EPS turns positive on Harsco Environmental boost

Overview

• US environmental services provider's Q1 revenue was nearly flat yr/yr, up slightly vs prior year

• Adjusted diluted EPS from continuing operations improved to $0.10 from a $0.11 loss yr/yr

• Company remains on track to complete Clean Earth sale and spin-off of Harsco units in Q2

Outlook

• Enviri reaffirms 2026 Adjusted EBITDA outlook for Harsco Environmental and Harsco Rail

• Company expects Harsco Environmental 2026 Adjusted EBITDA of $170 mln to $180 mln

• Company projects Harsco Rail 2026 Adjusted EBITDA of $(26) mln to $(19) mln

Result Drivers

• SEGMENT PERFORMANCE - Harsco Environmental revenue rose due to FX gains and higher services demand at existing sites, partially offset by contract exits

• WEATHER IMPACT - Clean Earth revenue fell due to less project-related work and lower industrial volumes, much of which was the result of weather-related disruptions

• EQUIPMENT SALES - Harsco Rail revenue declined due to lower equipment revenues and the absence of a favorable contract adjustment from the prior year, partly offset by higher aftermarket parts and contracted services

Company press release: ID:nGNX7xm3t5

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• Wall Street's median 12-month price target for Enviri Corp is $21.00, about 9% above its May 8 closing price of $19.26

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