ENVIRI Business Summary

Enviri Corp (NVRI), formerly Harsco Corporation, operates as a diversified industrial and environmental services provider, generating revenue primarily through long-term service contracts, specialty waste processing fees, and the sale of value-added products like industrial abrasives and roofing granules. The company is currently structured into three primary segments: Harsco Environmental, which provides on-site material logistics and resource recovery for the global steel industry; Clean Earth, a leader in hazardous and non-hazardous waste management; and Harsco Rail, which develops maintenance-of-way equipment and technology. As of early 2026, the company is executing a major strategic pivot to become a pure-play environmental services entity, highlighted by the pending mid-2026 sale of its Clean Earth segment to Veolia Environnement. Enviri competes directly with industry giants such as Clean Harbors, Waste Management, and Republic Services in the environmental sector, and Plasser & Theurer in the rail infrastructure market, positioning itself as a specialized, high-density service provider for complex industrial waste streams. Leadership is spearheaded by Chairman and CEO F. Nicholas Grasberger III, who has led the firm's transformation since 2014 following executive tenures at Armstrong World Industries and Kennametal. In preparation for the post-divestiture "New Enviri" structure, Russell Hochman—formerly General Counsel—now serves as President and COO and is the designated successor to the CEO role. The finance function is currently transitioning, with Senior VP and CFO Tom Vadaketh set to retire mid-2026, to be succeeded by Pete Minan, a former Enviri CFO returning to guide the company's new standalone phase. The company’s strategic direction is overseen by an experienced board including independent directors like John Quinn and Carolann Haznedar, with significant institutional backing from major investors such as BlackRock, Vanguard Group, and Neuberger Berman, who collectively hold a majority of the firm's public float.