NVRI earnings analysis
What we found in NVRI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Enviri Corporation's Q1 2026 report highlights a notable revenue increase to $550 million, surpassing estimates by approximately 1%, alongside an EPS of $0.10, significantly exceeding the projected loss of $0.28. The company maintained solid operational performance, with adjusted EBITDA reported at $65 million, though challenges persist in several segments.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 Revenue Exceeds Estimates
- Actual revenue reached $550 million, beating estimates of $545.4 million by 1.0%.
- Significant EPS Surprise
- EPS was reported at $0.10, a substantial beat against an expected loss of -$0.28.
- Adjusted EBITDA at $65 Million
- Enviri reported adjusted EBITDA of $65 million for the quarter.
- Positive Cash Flow Improvement
- Operating cash flow improved to $21.5 million, up $14.9 million from $6.6 million in Q1 2025.
- Segment Revenue Growth in Harsco Environmental
- Harsco Environmental revenues increased by $13.6 million to $256.7 million year-over-year.
- Operational Cost Management
- Cost of services increased only 4.6%, reflecting disciplined operational cost management.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Declining Performance in Clean Earth Segment
- Clean Earth revenues fell to $225.8 million, a decrease of $9.1 million from the prior year due to unfavorable weather and demand.
- Increased Interest Expense
- Interest expense rose to $27.8 million from $26.6 million YoY, reflecting higher borrowing costs.
- Market Pressures and Regulatory Risks
- Ongoing market pressures and potential regulatory impacts from tariffs and geopolitical tension could affect future performance.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.1
- Operating margin
- 0.1%
- Segment
- Harsco Environmental: $256.7M
- Segment
- Clean Earth: $225.8M
- Segment
- Harsco Rail: $67.3M
What they said about what is next.
Management reaffirms guidance for adjusted EBITDA for Harsco Environmental and Harsco Rail, but no specific revenue or EPS figures were provided.
The filing reads better than the one before it.
What came before.
- 10-K · April 29, 2026
- Enviri's 2025 10-K highlights an ongoing focus on profitability and cash generation amid challenges, with mixed financial performance over the past year. The report notes an adjustment in strategic goals following the…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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