Enviri Corporation's stock plummeted 5.02% during intraday trading on Tuesday, following the release of its fourth quarter and full year 2025 financial results.
The environmental services company reported a widened adjusted loss from continuing operations of $0.17 per diluted share for Q4 2025, compared to a loss of $0.04 per share in the same quarter last year. Revenue for the quarter declined to $556.4 million from $558.9 million a year earlier.
A significant factor in the negative investor reaction was the 28% decline in revenue for the Harsco Rail segment to $56 million, which resulted in an Adjusted EBITDA loss of $4 million for the quarter. Furthermore, the company provided a 2026 outlook indicating that Adjusted EBITDA for Harsco Environmental and Harsco Rail is expected to be modestly below 2025 levels at the guidance mid-point. The company also disclosed it identified historic errors related to its U.K. pension plan, with an estimated cumulative net impact of approximately $18 million to the pension obligation at the end of 2025.