Enviri (NYSE:NVRI) Issues Earnings Results

Key Points

• Enviri reported a quarterly loss of $0.16 per share, beating analysts’ estimate of a $0.54 loss, while revenue of $325.03 million also exceeded expectations. Revenue nevertheless fell 43.5% year over year.
• Adjusted EBITDA increased 21% year over year to $47 million, and the company raised its 2026 guidance to $180–$184 million for Environmental and a $7–$10 million loss for Rail.
• Enviri completed its exit from the Deutsche Bahn contract, removing a significant source of uncertainty, but the Network Rail contract remains unresolved. The company expects its improvement program to deliver about $40 million in annualized value, with benefits phased across 2027 and 2028.

Enviri (NYSE:NVRI - Get Free Report) posted its earnings results on Thursday. The company reported ($0.16) earnings per share for the quarter, beating analysts' consensus estimates of ($0.54) by $0.38, FiscalAI reports. The company had revenue of $325.03 million for the quarter, compared to analysts' expectations of $317.13 million. The firm's revenue was down 43.5% on a year-over-year basis.

Here are the key takeaways from Enviri's conference call:

• Q3 results exceeded expectations, and full-year guidance was raised. Adjusted EBITDA rose 21% year over year to $47 million, with both Environmental and Rail delivering stronger-than-expected results; 2026 EBITDA guidance increased to $180–$184 million for Environmental and a $7–$10 million loss for Rail.
• Enviri expects its improvement program to deliver approximately $40 million of annualized value, in addition to benefits realized in 2026, with gains phased across 2027 and 2028. Initiatives include operational efficiencies and organizational changes, as well as a deeper aftermarket focus in Rail.
• The company completed its exit from the Deutsche Bahn contract after paying $73 million, an amount already accrued, and expects up to $42 million from GBM for the transferred project assets. Management said the exit removes a significant source of uncertainty; SBB deliveries are progressing and are expected to generate cash in future years.
• Network Rail remains unresolved as the customer evaluates Enviri’s proposed alternative, though the company says discussions are constructive and it is not spending additional cash on the contract. Adjusted free cash flow was negative in Q3, and the company expects underlying cash flow to improve in Q4; the $73 million DB payment occurred in October.

Enviri Price Performance

Shares of NYSE NVRI traded up $0.38 during midday trading on Friday, hitting $23.74. 860,575 shares of the company's stock were exchanged, compared to its average volume of 306,885. Enviri has a 12-month low of $11.15 and a 12-month high of $24.39. The company has a current ratio of 1.43, a quick ratio of 1.19 and a debt-to-equity ratio of 0.56. The company has a market cap of $669.34 million and a price-to-earnings ratio of -37.69. The business's fifty day moving average price is $20.49 and its two-hundred day moving average price is $20.22.

Wall Street Analysts Forecast Growth

NVRI has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Enviri from $21.00 to $24.00 and gave the company a "market perform" rating in a research note on Wednesday, August 12th. Weiss Ratings downgraded shares of Enviri from a "sell (d)" rating to a "sell (d-)" rating in a report on Wednesday, October 14th. Finally, Wall Street Zen upgraded shares of Enviri from a "sell" rating to a "hold" rating in a research report on Saturday. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Enviri presently has an average rating of "Hold" and a consensus price target of $24.50.

Insider Buying and Selling

In related news, CFO Peter Minan purchased 2,946 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was acquired at an average price of $20.27 per share, with a total value of $59,715.42. Following the purchase, the chief financial officer directly owned 97,505 shares in the company, valued at approximately $1,976,426.35. This represents a 3.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carolann I. Haznedar purchased 4,875 shares of the business's stock in a transaction on Monday, August 17th. The stock was bought at an average cost of $20.46 per share, with a total value of $99,742.50. Following the purchase, the director owned 42,955 shares in the company, valued at approximately $878,859.30. This represents a 12.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.50% of the company's stock.

Enviri Company Profile

Enviri Corporation NYSE: NVRI is an environmental solutions company that provides services and products designed to help industrial, commercial and government customers manage waste, recover materials and improve resource efficiency. The company serves customers in multiple regions, with operations spanning North America, Europe and other international markets.

Enviri's Harsco Environmental business provides environmental services to the global steel industry. Its activities include the processing and beneficial reuse of steel slag and other byproducts, metal recovery, slag handling, site services and the production of mineral-based products used in areas such as construction and infrastructure.

Through its Clean Earth business, Enviri manages hazardous and non-hazardous waste streams for industrial, healthcare, pharmaceutical, retail and government customers.

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