Company Overview - Enviri Corporation is a leading provider of environmental and waste management solutions for industrial clients, operating through its Harsco Environmental and Harsco Clean Earth segments [6] - The company generates revenue through long-term contracts for material logistics, resource recovery, and specialty waste management, as well as the sale of value-added downstream products [8] - Enviri serves a broad range of industries, including iron, steel, and metals manufacturers, as well as customers with hazardous and non-hazardous waste processing needs in the United States and internationally [8] Financial Performance - As of February 17, 2026, Enviri's market capitalization is $1.53 billion, with a revenue of $2.24 billion and a net income of -$166.56 million (TTM) [4] - The company's revenue for the third quarter was essentially flat year over year at $575 million, while adjusted EBITDA decreased to $74 million from $85 million a year earlier [7] - Enviri shares were priced at $19.00, reflecting a 120% increase over the past year, significantly outperforming the S&P 500's approximately 13% gain during the same period [7] Recent Developments - Newtyn Management reported an increase in its holding of Enviri Corporation by 2,906,420 shares, valued at an estimated $43.31 million based on average quarterly pricing [2] - The fund's quarter-end position in Enviri rose in value by $60.94 million, which includes both the share purchase and changes in market price [2] - Enviri's Clean Earth segment delivered a record quarter with 6% revenue growth and $43 million in adjusted EBITDA, although Harsco Rail faced challenges, posting a loss at the EBITDA line [9]
Enviri Stock Up 120% as $43 Million Buy Makes It a Top Holding in This Portfolio