Enviri Q2 revenue falls on European contract exits
NVRI•Outlook and analyst coverage
Enviri reaffirmed its 2026 adjusted EBITDA outlook for Harsco Environmental and Harsco Rail.
- Harsco Environmental sees 2026 adjusted EBITDA of $170 mln to $180 mln.
- Harsco Rail expects 2026 adjusted EBITDA of $(26) mln to $(19) mln.
The current average analyst rating on the shares is "buy", with 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" ratings.
Wall Street's median 12-month price target for Enviri Corp (Delaware) is $26.00, about 18.9% above its August 10 closing price of $21.87.
European contract exits weighed on results
The company said it exited two European Harsco Rail ETO contracts to reduce risk and future cash outflows. That strategic exit eliminated future execution risk and cash outflows, but contributed to large GAAP losses.
Harsco Environmental's Q2 revenue growth was attributed to increased volumes in services and ecoproducts and higher services pricing.
The company also cited broad restructuring actions and internal improvement initiatives aimed at reducing business complexity and driving operational excellence.
