Enviri Corp 10-Q, filed May 1, 2025

Enviri Corp (NVRI)

10-Q 2025-05-01 For: 2025-03-31

Added on June 09, 2026

About this 10-Q

Enviri Corp filed this 10-Q on May 1, 2025, covering the quarter ended March 31, 2025.

Headline figures

Quarter ended March 31, 2025, as reported in this filing, compared with the same period a year earlier where the filing states it.

Revenue: $548.28M; down 8.7% from $600.32M a year earlier
Net loss: $13.4M; compared with a net loss of $17.96M a year earlier
Diluted EPS: -$0.17; compared with -$0.22 a year earlier

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Class						Outstanding at April 24, 2025
Common stock, par value $1.25 per share						80,497,280


		Page
PART I — FINANCIAL INFORMATION

Item 1.	Financial Statements	4
	Condensed Consolidated Balance Sheets (Unaudited)	4
	Condensed Consolidated Statements of Operations (Unaudited)	5
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows (Unaudited)	7
	Condensed Consolidated Statements of Equity (Unaudited)	8
	Notes to Condensed Consolidated Financial Statements (Unaudited)	9

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	26

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	35

Item 4.	Controls and Procedures	35


PART II — OTHER INFORMATION

Item 1.	Legal Proceedings	36

Item 1A.	Risk Factors	36

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	36





Item 5.	Other Information	36



Item 6.	Exhibits	37


SIGNATURES		38


Term						Description
AOCI						Accumulated Other Comprehensive Income (Loss)
AR Facility						Revolving trade receivables securitization facility
ASU						Financial Accounting Standards Board Accounting Standards Update
CE						Clean Earth reportable business segment
CERCLA						Comprehensive Environmental Response, Compensation, and Liability Act of 1980
Consolidated Adjusted EBITDA						EBITDA as calculated in accordance with the Company's Credit Agreement
Credit Agreement						Credit Agreement governing the Senior Secured Credit Facilities
DEA						United States Drug Enforcement Administration
Deutsche Bahn						National railway company in Germany
DTSC						California Department of Toxic Substances Control
EBITDA						Earnings before interest, tax, depreciation and amortization
EPA						U.S. Environmental Protection Agency
ESOL						Stericycle Environmental Solutions business
FASB						Financial Accounting Standards Board
HE						Harsco Environmental reportable business segment


ISDA						International Swaps and Derivatives Association
Network Rail						Infrastructure manager for most of the railway in the U.K.
OCI						Other Comprehensive Income (Loss)


Performix						Performix Metallurgical Additives, LLC, a former subsidiary of HE
Rail						Harsco Rail reportable business segment
Reed						Reed Minerals, LLC, a former subsidiary of HE
Revolving Credit Facility						Revolving credit facility under the Senior Secured Credit Facilities containing $50.0 million maturing on March 10, 2026 and $625.0 million maturing on September 5, 2029
SBB						Federal railway system of Switzerland
SCE						Kingdom of Bahrain's Supreme Council for Environment
SEC						U.S. Securities and Exchange Commission
Senior Notes						5.75% Notes due July 31, 2027
Senior Secured Credit Facilities						Primary source of borrowings comprised of the Term Loan and the Revolving Credit Facility
SOFR						Secured Overnight Financing Rate
SPE						The Company's wholly-owned bankruptcy-remote special purpose entity, which is used in connection with the AR Facility
Term Loan						$500 million term loan raised in March 2021 under the Senior Secured Credit Facilities, maturing on March 10, 2028

U.S. GAAP						Accounting principles generally accepted in the U.S.


(In thousands)	March 31 2025		December 31 2024
ASSETS
Current assets:
Cash and cash equivalents	$	102,471	$	88,359
Restricted cash	1,958		1,799
Trade accounts receivable, net	280,965		260,690

Other receivables	39,032		40,439
Inventories	193,207		182,042
Current portion of contract assets	50,179		59,881
Prepaid expenses	51,712		62,435

Other current assets	7,716		14,880
Total current assets	727,240		710,525

Property, plant and equipment, net	669,224		664,292
Right-of-use assets, net	102,873		92,153
Goodwill	747,338		739,758
Intangible assets, net	292,277		298,438


Retirement plan assets	75,584		73,745
Deferred income tax assets	19,376		17,578

Other assets	55,096		53,744
Total assets	$	2,689,008	$	2,650,233
LIABILITIES
Current liabilities:
Short-term borrowings	$	8,730	$	8,144
Current maturities of long-term debt	21,895		21,004
Accounts payable	232,259		214,689

Accrued compensation	49,760		63,686
Income taxes payable	2,177		5,747


Reserve for forward losses on contracts	46,945		54,320
Current portion of advances on contracts	7,298		13,265


Current portion of operating lease liabilities	26,182		26,049

Other current liabilities	173,508		159,478
Total current liabilities	568,754		566,382
Long-term debt	1,442,196		1,410,718


Retirement plan liabilities	27,450		27,019



Operating lease liabilities	78,889		67,998

Environmental liabilities	43,591		46,585
Deferred tax liabilities	32,673		26,796
Other liabilities	46,768		55,136
Total liabilities	2,240,321		2,200,634
COMMITMENTS AND CONTINGENCIES
ENVIRI CORPORATION STOCKHOLDERS’ EQUITY

Common stock	147,515		146,844
Additional paid-in capital	258,475		255,102
Accumulated other comprehensive loss	(530,613)		(538,964)
Retained earnings	1,386,951		1,400,347
Treasury stock	(853,360)		(851,881)
Total Enviri Corporation stockholders’ equity	408,968		411,448
Noncontrolling interests	39,719		38,151
Total equity	448,687		449,599
Total liabilities and equity	$	2,689,008	$	2,650,233


	Three Months Ended
	March 31
(In thousands, except per share amounts)		2025		2024
Revenues from continuing operations:
Service revenues		$	476,840	$	499,154
Product revenues		71,444		101,163
Total revenues		548,284		600,317
Costs and expenses from continuing operations:
Cost of services sold		372,402		392,852
Cost of products sold		51,361		85,410

Selling, general and administrative expenses		89,108		87,126
Research and development expenses		467		861


Remeasurement of long-lived assets		—		10,695

Other expense (income), net		4,291		(2,440)
Total costs and expenses		517,629		574,504
Operating income (loss) from continuing operations		30,655		25,813
Interest income		454		1,697
Interest expense		(26,574)		(28,122)
Facility fees and debt-related income (expense)		(2,612)		(2,789)

Defined benefit pension income (expense)		(5,033)		(4,176)
Income (loss) from continuing operations before income taxes and equity in income		(3,110)		(7,577)
Income tax benefit (expense) from continuing operations		(7,946)		(7,915)
Equity in income (loss) of unconsolidated entities, net		28		(249)
Income (loss) from continuing operations		(11,028)		(15,741)
Discontinued operations:

Income (loss) from discontinued businesses		(1,579)		(1,492)
Income tax benefit (expense) from discontinued businesses		412		387
Income (loss) from discontinued operations, net of tax		(1,167)		(1,105)
Net income (loss)		(12,195)		(16,846)
Less: Net loss (income) attributable to noncontrolling interests		(1,201)		(1,116)
Net income (loss) attributable to Enviri Corporation		$	(13,396)	$	(17,962)
Amounts attributable to Enviri Corporation common stockholders:
Income (loss) from continuing operations, net of tax		$	(12,229)	$	(16,857)
Income (loss) from discontinued operations, net of tax		(1,167)		(1,105)
Net income (loss) attributable to Enviri Corporation common stockholders		$	(13,396)	$	(17,962)

Weighted-average shares of common stock outstanding		80,331		79,945
Basic earnings (loss) per common share attributable to Enviri Corporation common stockholders:
Continuing operations		$	(0.15)	$	(0.21)
Discontinued operations		(0.01)		(0.01)
Basic earnings (loss) per share attributable to Enviri Corporation common stockholders		$	(0.17)	$	(0.22)	(a)

Diluted weighted-average shares of common stock outstanding		80,331		79,945
Diluted earnings (loss) per common share attributable to Enviri Corporation common stockholders:
Continuing operations		$	(0.15)	$	(0.21)
Discontinued operations		(0.01)		(0.01)
Diluted earnings (loss) per share attributable to Enviri Corporation common stockholders		$	(0.17)	$	(0.22)	(a)


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934


	Three Months Ended March 31
(In thousands)	2025		2024
Cash flows from operating activities:
Net income (loss)	$	(12,195)	$	(16,846)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	36,442		36,920
Amortization	7,403		8,174
Deferred income tax (benefit) expense	2,776		3,445
Equity (income) loss of unconsolidated entities, net	(28)		249

Right-of-use assets	7,416		8,599



Remeasurement of long-lived assets	—		10,695

Stock-based compensation	4,044		3,860
Other, net	(637)		(3,088)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:
Accounts receivable	(13,501)		24,426

Inventories	(8,995)		(5,297)
Contract assets	6,456		(9,199)
Accounts payable	9,138		(13,751)
Accrued interest payable	(6,931)		(6,820)
Accrued compensation	(15,105)		(25,531)
Advances on contracts and other customer advances	(14,770)		(1,618)


Operating lease liabilities	(7,435)		(8,212)
Retirement plan liabilities, net	4,488		(340)

Other assets and liabilities	8,034		(4,318)
Net cash (used) provided by operating activities	6,600		1,348
Cash flows from investing activities:
Purchases of property, plant and equipment	(21,624)		(26,881)


Proceeds from sales of assets	1,447		4,313
Expenditures for intangible assets	(7)		(77)

Net proceeds (payments) from settlement of foreign currency forward exchange contracts	1,737		(601)


Net cash used by investing activities	(18,447)		(23,246)
Cash flows from financing activities:
Short-term borrowings, net	2,812		(9,003)
Borrowings and repayments under Revolving Credit Facility, net	30,000		35,000


Repayments of Term Loan	(1,250)		(1,250)
Cash paid for finance leases and other long-term debt	(4,158)		(3,394)

Dividends paid to noncontrolling interests	—		(8,243)
Contributions from noncontrolling interests	—		874



Stock-based compensation - Employee taxes paid	(1,277)		(1,041)





Net cash (used) provided by financing activities	26,127		12,943
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	(9)		(8,251)
Net increase (decrease) in cash and cash equivalents, including restricted cash	14,271		(17,206)
Cash and cash equivalents, including restricted cash, at beginning of period	90,158		124,614
Cash and cash equivalents, including restricted cash, at end of period	$	104,429	$	107,408


	Enviri Corporation Stockholders’ Equity
(In thousands, except share amounts)	Common Stock				Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interests
	Issued		Treasury										Total
Balances, December 31, 2024	$	146,844	$	(851,881)	$	255,102	$	1,400,347	$	(538,964)	$	38,151	$	449,599

Net income (loss)	—		—		—		(13,396)		—		1,201		(12,195)




Total other comprehensive income (loss), net of deferred income taxes of $2,487	—		—		—		—		8,351		367		8,718










Vesting of restricted stock units, net 284,643 shares	636		(1,357)		(636)		—		—		—		(1,357)
Vesting of performance share units, net 14,860 shares	35		(122)		(35)		—		—		—		(122)

Amortization of unearned portion of stock-based compensation, net of forfeitures	—		—		4,044		—		—		—		4,044
Balances, March 31, 2025	$	147,515	$	(853,360)	$	258,475	$	1,386,951	$	(530,613)	$	39,719	$	448,687


(In millions)	March 31 2025		December 31 2024
Net amounts sold under factoring arrangements	$	16.0	$	13.3
Program capacities	19.5		18.6



	Three Months Ended
	March 31
Defined Benefit Pension Plans Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2025		2024		2025		2024
Service costs	$	—	$	—	$	303	$	338
Interest costs	2,313		2,419		7,173		7,460
Expected return on plan assets	(2,562)		(2,236)		(6,499)		(8,370)
Recognized prior service costs	—		—		114		118
Recognized actuarial losses	785		1,045		3,750		3,801


Defined benefit pension plans net periodic pension cost (benefit)	$	536	$	1,228	$	4,841	$	3,347


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
March 31, 2025
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	64	$	810	$	874
Interest rate swaps	Other current assets	368		—		368
Interest rate swaps	Other assets	2,119		—		2,119
Total		$	2,551	$	810	$	3,361

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	504	$	11,102	$	11,606
Interest rate swaps	Other current liabilities	355		—		355

Total		$	859	$	11,102	$	11,961

December 31, 2024
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	347	$	7,590	$	7,937



Interest rate swaps	Other assets	5,250		—		$	5,250
Total		$	5,597	$	7,590	$	13,187

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	80	$	987	$	1,067
Interest rate swaps	Other current liabilities	217		—		217

Total		$	297	$	987	$	1,284



	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended				Three Months Ended
	March 31				March 31
(In thousands)	2025		2024		2025		2024
Foreign currency exchange forward contracts	$	(871)	$	223	$	192	$	(404)
Interest rate swaps	(2,784)		3,581		(117)		(882)

	$	(3,655)	$	3,804	$	75	$	(1,286)


	Location of Gain (Loss) Recognized in Income on Derivatives (a)		Amount of Gain (Loss) Recognized in Income on Derivatives (a)
		Three Months Ended
		March 31
(In thousands)			2025		2024

Foreign currency exchange forward contracts	Cost of services and products sold		$	(15,156)	$	9,914


	Three Months Ended March 31, 2025
(in thousands)	Harsco Environmental	Clean Earth	Harsco Rail	Total Reportable Segments		Corporate	Total
Segment Profit and Loss:
Total revenues	243,106	235,231	69,947	$	548,284	—	$	548,284
Less:
Cost of services and products sold	202,017	173,619	48,400	424,036		—	424,036
Selling, general and administrative expenses	26,628	38,962	11,582	77,172		11,936	89,108




Other segment activities (a)	4,388	(15)	1,810	6,183		(1,698)	4,485
Operating income (loss) from continuing operations	10,073	22,665	8,155	$	40,893	(10,238)	$	30,655
Plus:
Interest income							454
Interest expense							(26,574)
Facility fees and debt-related income (expense)							(2,612)
Defined benefit pension income (expense)							(5,033)
Income (loss) from continuing operations before income taxes and equity in income							$	(3,110)

Other Segment Information:
Depreciation	25,509	9,620	1,032	$	36,161	281	$	36,442
Amortization (b)	540	5,845	67	$	6,452	951	$	7,403
Capital expenditures	14,094	6,652	780	$	21,526	98	$	21,624


FORM			10-Q


(In thousands)	March 31 2025		December 31 2024
Finished goods	$	15,728	$	14,344
Work-in-process	15,482		15,629

Raw materials and purchased parts	115,398		107,364
Stores and supplies	46,599		44,705
Total inventories	$	193,207	$	182,042


	Three Months Ended March 31, 2024
(in thousands)	Harsco Environmental	Clean Earth	Harsco Rail	Total Reportable Segments		Corporate	Total
Segment Profit and Loss:
Total revenues	299,119	226,030	75,168	$	600,317	—	$	600,317
Less:
Cost of services and products sold	248,792	168,448	59,925	477,165		—	477,165
Selling, general and administrative expenses	28,902	36,929	12,098	77,929		9,197	87,126


Remeasurement of long-lived assets	—	—	10,695	10,695		—	10,695

Other segment activities (a)	1,837	60	1,511	3,408		(3,890)	(482)
Operating income (loss) from continuing operations	19,588	20,593	(9,061)	$	31,120	(5,307)	$	25,813
Plus:
Interest income							1,697
Interest expense							(28,122)
Facility fees and debt-related income (expense)							(2,789)
Defined benefit pension income (expense)							(4,176)
Income (loss) from continuing operations before income taxes and equity in income							$	(7,577)

Other Segment Information:
Depreciation	28,789	7,413	361	$	36,563	357	$	36,920
Amortization (b)	1,018	6,167	22	$	7,207	967	$	8,174
Capital expenditures	20,553	5,334	965	$	26,852	29	$	26,881



	Three Months Ended
	March 31, 2024
(In thousands)	Harsco Environmental		Clean Earth		Harsco Rail		Consolidated Totals
Primary Geographical Markets (a):
North America	$	84,210	$	226,030	$	44,431	$	354,671
Western Europe	110,275		—		21,372		131,647
Latin America (b)	42,921		—		1,040		43,961
Asia-Pacific	28,915		—		8,325		37,240
Middle East and Africa	28,349		—		—		28,349
Eastern Europe	4,449		—		—		4,449
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317


Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	258,128	$	—	$	—	$	258,128
Ecoproducts	36,264		—		—		36,264
Environmental systems for aluminum dross and scrap processing	4,727		—		—		4,727
Railway track maintenance equipment	—		—		29,918		29,918
After-market parts and services; safety and diagnostic technology	—		—		30,876		30,876
Railway contracting services	—		—		14,374		14,374
Hazardous waste processing solutions	—		191,910		—		191,910
Soil and dredged materials processing and reuse solutions	—		34,120		—		34,120
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317


(In thousands)	Harsco Environmental		Harsco Rail
2026	$	17,632	$	44,680
2027	15,092		22,231
2028	12,435		20,615
2029	9,398		4,897
2030	3,132		4,031
Thereafter	3,132		723
Total remaining performance obligations	$	60,821	$	97,177


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments		Effective Portion of Derivatives Designated as Hedging Instruments		Cumulative Unrecognized Actuarial Losses on Pension Obligations		Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2024	$	(228,698)	$	3,769	$	(314,057)	$	22	$	(538,964)

OCI before reclassifications (a)(b)	15,723		(2,824)		(8,651)		(2)		4,246
Amounts reclassified from AOCI, net of tax	—		27		4,445		—		4,472



Total OCI	15,723		(2,797)		(4,206)		(2)		8,718
Less: OCI attributable to noncontrolling interests	(367)		—		—		—		(367)
OCI attributable to Enviri Corporation	15,356		(2,797)		(4,206)		(2)		8,351
Balance at March 31, 2025	$	(213,342)	$	972	$	(318,263)	$	20	$	(530,613)


(In thousands)	Three Months Ended			Location on the Condensed Consolidated Statements of Operations
	March 31
		2025				2024



Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts		$	192	$	(404)	Product revenues



Interest rate swaps		(117)		(882)		Interest expense

Total before income taxes		75		(1,286)
Income taxes		(48)		284
Total reclassification of cash flow hedging instruments, net of tax		$	27	$	(1,002)

Amortization of defined benefit pension items (c):
Actuarial losses		$	4,535	$	4,846	Defined benefit pension income (expense)
Prior service costs		114		118		Defined benefit pension income (expense)



Total before income taxes		4,649		4,964
Income taxes		(204)		(263)
Total reclassification of defined benefit pension items, net of tax		$	4,445	$	4,701


	Three Months Ended
	March 31
(in millions, except percentages)		2025			2024
Revenues:
Harsco Environmental		$	243.1		$	299.1
Clean Earth		235.2			226.0
Harsco Rail		69.9			75.2

Total Revenues		$	548.3		$	600.3
Operating income (loss):
Harsco Environmental		$	10.1		$	19.6
Clean Earth		22.7			20.6
Harsco Rail		8.2			(9.1)
Corporate		(10.2)			(5.3)
Total operating income (loss)		$	30.7		$	25.8
Operating margin:
Harsco Environmental		4.1		%	6.5		%
Clean Earth		9.6		%	9.1		%
Harsco Rail		11.7		%	(12.1)		%
Consolidated operating margin		5.6		%	4.3		%


Significant Effects on Revenues (in millions)	Three Months Ended
Revenues — March 31, 2024	$	299.1
Impact of divestitures	(25.4)
Net impact of new and lost contracts	(18.1)
Impact of foreign currency translation	(13.0)
Net effects of price/volume changes, primarily attributable to volume changes and services mix	0.5

Revenues — March 31, 2025	$	243.1



Significant Effects on Revenue (in millions)	Three Months Ended
Revenues — March 31, 2024	$	75.2
Net effect of price/volume changes, primarily attributable to volume changes	(16.9)
Change in revenue adjustments as a result of certain estimated forward loss provisions (a)	12.2
Impact of foreign currency translation	(0.6)

Revenues — March 31, 2025	$	69.9


		March 31
	Three Months Ended
(in millions, except per share amounts and percentages)		2025			2024
Total revenues		$	548.3		$	600.3
Cost of services and products sold		423.8			478.3
Selling, general and administrative expenses		89.1			87.1
Research and development expenses		0.5			0.9


Remeasurement of long-lived assets		—			10.7

Other expense (income), net		4.3			(2.4)
Operating income (loss) from continuing operations		30.7			25.8
Interest income		0.5			1.7
Interest expense		(26.6)			(28.1)
Facility fees and debt-related income (expense)		(2.6)			(2.8)
Defined benefit pension income (expense)		(5.0)			(4.2)
Income (loss) from continuing operations before income taxes and equity in income		(3.1)			(7.6)
Income tax benefit (expense) from continuing operations		(7.9)			(7.9)
Equity in income (loss) of unconsolidated entities, net		—			(0.2)
Income (loss) from continuing operations		(11.0)			(15.7)

Income (loss) from discontinued businesses		(1.6)			(1.5)
Income tax benefit (expense) related to discontinued operations		0.4			0.4
Income (loss) from discontinued operations, net of tax		(1.2)			(1.1)
Net income (loss)		(12.2)			(16.8)
Total other comprehensive income (loss)		8.7			(7.7)
Total comprehensive income (loss)		(3.5)			(24.5)
Diluted earnings (loss) per common share from continuing operations attributable to Enviri Corporation common stockholders		$	(0.15)		$	(0.21)
Effective income tax rate for continuing operations		(255.5)		%	(104.5)		%


	March 31, 2025
(in millions)	Three Months Ended
Change in costs due to changes in revenue volume and mix (a)	$	(24.1)

Changes in costs from divestitures	(21.1)
Impact of foreign currency translation	(10.6)
Other	1.3

Total change in cost of services and products sold — 2025 vs. 2024	$	(54.5)


Summary of Senior Secured Credit Facilities and Notes: (in millions)	March 31 2025		December 31 2024
By type:
Term Loan	$	481.3	$	482.5
Revolving Credit Facility	437.0		407.0
5.75% Senior Notes	475.0		475.0
Total	$	1,393.3	$	1,364.5
By classification:
Current	$	5.0	$	5.0
Long-term	1,388.3		1,359.5
Total	$	1,393.3	$	1,364.5


	March 31, 2025
(In millions)	Facility Limit		Outstanding Balance		Outstanding Letters of Credit		Available Credit


Revolving credit facility (a)	$	675.0	$	437.0	$	24.5	$	213.5


Exhibit Number						Description
10.1						Form of RSU Award Agreement (for awards granted on or after March 1, 2025).*
10.2						Form of PSU Award Agreement (for awards granted on or after March 1, 2025).*
10.3						Form of SAR Award Agreement (for awards granted on or after March 1, 2025).*
10.4						Amendment No. 15 to Third Amended and Restated Credit Agreement, dated as of February 14, 2025, among Enviri Corporation, the Subsidiary Guarantors party thereto, Bank of America, N.A., as administrative agent, and the lenders party thereto (incorporated by reference to Exhibit 10.24 to the Company’s Annual Report on Form 10-K dated February 20 , 2025, Commission File Number 001-03970).
10.5						Amendment No. 4 to the Receivables Purchase Agreement, dated February 14, 2025, by and among Harsco Receivables LLC, Enviri Corporation, and PNC Bank, National Association, as administrative agent and as a purchaser (incorporated by reference to Exhibit 10.25 to the Company’s Annual Report on Form 10-K dated February 20, 2025, Commission File Number 001-03970).
10.6						Cooperation Agreement, dated January 17, 2025, between Enviri Corporation, Neuberger Berman Group LLC, and certain of its affiliates party thereto (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K dated January 17, 2025, Commission File Number 001-03970).
31.1						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer).*
31.2						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).*
32						Certifications Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer and Chief Financial Officer).**
101.Def						Definition Linkbase Document
101.Pre						Presentation Linkbase Document
101.Lab						Labels Linkbase Document
101.Cal						Calculation Linkbase Document
101.Sch						Schema Document
101.Ins						Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)



DATE	May 1, 2025	/s/ TOM VADAKETH
		Tom Vadaketh
		Senior Vice President and Chief Financial Officer
		(On behalf of the registrant and as Principal Financial Officer)

DATE	May 1, 2025	/s/ SAMUEL C. FENICE
		Samuel C. Fenice
		Vice President and Corporate Controller
		(Principal Accounting Officer)