Enviri Corp (NYSE: NVRI) is an environmental services company that operates across two reportable business segments: Harsco Environmental (HE) and Clean Earth (CE). It generates revenue by providing industrial waste processing, materials handling, and contaminated materials management services to customers in the steel, metals, and broader industrial sectors. The Clean Earth segment, acquired through CEHI Acquisition Corporation and subsidiaries, handles hazardous and non-hazardous contaminated materials. The Harsco Environmental segment serves metals producers, including relationships with large rail infrastructure operators such as Deutsche Bahn in Germany and Network Rail in the U.K. The company carries a $500 million term loan raised in March 2021 maturing March 10, 2028, indicating a debt-heavy capital structure. Enviri also maintains a revolving trade receivables securitization facility. The filing covers fiscal year ended December 31, 2025, as reported in the 10-K filed February 24, 2026.

Revenue model

Fee-for-service revenue from industrial waste processing, environmental remediation, and contaminated materials management across two segments: Harsco Environmental and Clean Earth.

Products and services

Industrial byproduct processing and materials handling services (Harsco Environmental segment); contaminated soil, dredged materials, and hazardous waste management services (Clean Earth segment, operated through CEHI Acquisition Corporation).

Customers and end markets

Steel and metals producers served by the Harsco Environmental segment; industrial, municipal, and infrastructure customers generating contaminated or hazardous materials served by Clean Earth. Named counterparties include Deutsche Bahn (Germany) and Network Rail (U.K.).

Value-chain role

Environmental services provider and industrial waste processor; sits downstream of metals production and construction/infrastructure activity, handling residual byproducts and contaminated materials on an outsourced basis.

Geographic exposure

Operations include the United States, Germany, and the United Kingdom, based on named customer relationships with Deutsche Bahn and Network Rail disclosed in the FY2025 10-K.

Source: SEC 10-K, filed 2026-02-24

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