Services-Services, NECIFRS · EUR

Enviri LLC

ENVIRI LLC is a U.S.-based industrial services company organized around environmental solutions for metal producers and rail technology for infrastructure customers. Its business has historically been structured into Harsco Environmental, Clean Earth, and Harsco Rail, combining onsite industrial recycling and material processing, waste handling, and rail equipment and systems.

Liikevaihto2 240milj. EUR
−4,4 %v/v
Liikevoitto (EBIT)4,2milj. EUR
−86,6 %v/v
EBIT-marginaali0,2%
−1,2 %-yks.v/v
Nettotulos−168milj. EUR
−31,0 %v/v
Vapaa kassavirta−39,9milj. EUR
+31,9 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50005001 0001 5002 0002 500milj. EUR2020: 1 864 milj. EUR2020: EBIT 21 milj. EUR20202021: 462 milj. EUR2021: EBIT 88 milj. EUR20212022: 1 889 milj. EUR2022: EBIT −57 milj. EUR20222023: 2 069 milj. EUR2023: EBIT 111 milj. EUR20232024: 2 343 milj. EUR2024: EBIT 32 milj. EUR20242025: 2 240 milj. EUR2025: EBIT 4,2 milj. EUR20252 2404,2
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Harsco Environmental services55 %

Onsite industrial environmental services, waste handling, and material processing for metals producers.

Clean Earth waste solutions25 %

Environmental services for industrial, retail, and medical waste streams.

Harsco Rail systems15 %

Rail equipment, safety, diagnostics, and related technology systems.

Ecoproducts and downstream materials5 %

Recovered and repurposed materials sold into road materials, agricultural, and aggregate markets.

Tuotteet

Raportoitu · osuus liikevaihdosta
42,4%36,8%FY2025100 %
  • Products and Services Onsite Services and Material Logistics Product Quality Improvement and Resource Recovery42,4 %
  • Waste Processing and Reuse Solutions36,8 %
  • Soil and Dredged Material6,7 %
  • After Market Parts and Services Safety and Diagnostic Technology4,5 %
  • Railway Track Maintenance Equipment3,7 %
  • Muut5,9 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

The company serves industrial customers that outsource environmental handling, recycling, and byproduct processing at their operating sites, especially steel and metals producers. It also serves waste generators and rail infrastructure operators that need specialized treatment, disposal, or equipment solutions. Customers buy these services to reduce operational burden, comply with environmental requirements, and access technical expertise and long-term site support.

Global steel and metals producers

Buy onsite environmental services, waste handling, and resource recovery to support production-critical operations.

Industrial waste generators

Use waste management and treatment services for hazardous and non-hazardous streams.

Rail infrastructure operators

Purchase rail equipment, safety, and diagnostics systems for maintenance and network operations.

Retail and medical waste customers

Buy specialized waste collection, treatment, and disposal services.

Downstream materials buyers

Purchase repurposed road materials, aggregates, and agricultural products from recovered streams.

Strategia

The company’s strategy centers on positioning environmental services as a core industrial offering, with emphasis on recycling, beneficial reuse, and downstream product applications. It also seeks to deepen customer relationships through long-term contracts, innovation, and customized solutions that address both business and environmental needs. The portfolio has been organized around distinct businesses with different end markets, allowing capital and operating focus by segment.

Expand downstream products and resource recoveryKeskipitkä aikaväli

Recovered materials can create additional value beyond service fees and improve customer economics.

Strengthen long-term customer contractsLyhyt aikaväli

Fixed fees, minimum billings, and renewal rates support site economics and reduce volatility.

Innovate around environmental compliance needsKeskipitkä aikaväli

New technologies and solutions help customers meet tightening environmental regulation.

Maantiede

ENVIRI operates across approximately 30 countries, with a broad footprint in the Americas, Europe, and other international markets. Its Harsco Environmental business serves customers at roughly 120 sites in about 30 countries, and the company notes that revenues and operating costs are often denominated in local currencies. This geographic spread diversifies customer exposure but also creates foreign exchange, trade, and regulatory complexity.

Riskit

The business is exposed to regulatory, permitting, and environmental-liability risk because many operations depend on licenses, site approvals, and compliance with waste-handling rules. It also faces customer concentration, contract-performance, and international exposure risks, including tariffs, trade tensions, foreign exchange, and the possibility that large industrial customers reduce outsourced volumes. Rail and waste operations add estimate risk through long-term contracts, forward-loss provisions, and impairment testing.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Environmental liability and contamination claims1Contract estimate and forward-loss risk2Permit and license renewal risk3International trade and tariff exposure4Customer concentration and industrial demand cycles5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Environmental liability and contamination claimsVaikutus: KorkeaTodennäköisyys: Korkea

    Waste handling and treatment can create legal exposure for contamination or mishandling.

    Kohdistuu: Clean Earth and waste-related operations

  2. Contract estimate and forward-loss riskVaikutus: KorkeaTodennäköisyys: Korkea

    Rail and service contracts require cost estimates that can change reported results.

    Kohdistuu: Harsco Rail and long-term service contracts

  3. Permit and license renewal riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Facilities depend on timely approvals and compliance with local, state, and federal rules.

    Kohdistuu: Environmental services and waste facilities

  4. International trade and tariff exposureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operations span many countries and can be affected by tariffs and political tensions.

    Kohdistuu: Global operations

  5. Customer concentration and industrial demand cyclesVaikutus: KeskitasoTodennäköisyys: Matala

    Large steel and metals customers can reduce volumes during downturns or site changes.

    Kohdistuu: Harsco Environmental

Kirjanpito

Harkinnanvaraiset erät
Cost-to-cost revenue recognition

Revenue and profit depend on estimated costs and progress on long-term contracts.

Vaikutus: Can shift revenue and margin timing between periods

Forward-loss provisions on rail contracts

Expected losses on fixed-price or long-duration contracts must be recognized when identified.

Vaikutus: Can materially reduce current-period earnings

Goodwill impairment testing

Reporting unit fair values are sensitive to discount rates and cash flow assumptions.

Vaikutus: Can create non-cash impairment charges

Environmental and legal provisions

Waste operations can generate remediation, compliance, and dispute-related liabilities.

Vaikutus: Affects operating expenses and balance-sheet reserves

Pension and tax estimates

Multi-country operations require judgment on benefit obligations and tax positions.

Vaikutus: Can move earnings and equity through actuarial and tax adjustments

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026

Enviri LLC – Services-Services, NEC | Analyysi – Clarifo