v3.26.1
Basis of Presentation (Tables)
3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of revisions of financial statements
The impact of revising the Condensed Consolidated Statements of Operations for the period presented is as follows:

Three Months Ended March 31, 2025
(In thousands, except per share amounts)
As Previously Reported
Revision
As Revised
Revenues from continuing operations:
Service revenues$476,840 $(377)$476,463 
Total revenues548,284 (377)547,907 
Costs and expenses from continuing operations:
Cost of products sold51,361 1,017 52,378 
Total costs and expenses517,629 1,017 518,646 
Operating income (loss) from continuing operations30,655 (1,394)29,261 
Defined benefit pension income (expense)(5,033)(168)(5,201)
Income (loss) from continuing operations before income taxes and equity in income
(3,110)(1,562)(4,672)
Income tax benefit (expense) from continuing operations(7,946)5,945 (2,001)
Net income (loss)(12,195)4,383 (7,812)
Net income (loss) attributable to Enviri Corporation$(13,396)$4,383 $(9,013)
Amounts attributable to Enviri Corporation common stockholders:
Income (loss) from continuing operations, net of tax$(12,229)$4,383 $(7,846)
Net income (loss) attributable to Enviri Corporation common stockholders$(13,396)$4,383 $(9,013)
Basic earnings (loss) per share attributable to Enviri Corporation common stockholders: (a)
Continuing operations$(0.15)$0.05 $(0.10)
Basic earnings (loss) per share attributable to Enviri Corporation common stockholders
$(0.17)$0.05 $(0.11)
Diluted earnings (loss) per share attributable to Enviri Corporation common stockholders: (a)
Continuing operations$(0.15)$0.05 $(0.10)
Diluted earnings (loss) per share attributable to Enviri Corporation common stockholders
$(0.17)$0.05 $(0.11)
(a) Earnings (loss) per share attributable to Enviri Corporation common stockholders is calculated based on actual amounts. As a result, these per share amounts may not total due to rounding.


The impact of revising the Condensed Consolidated Statements of Comprehensive Income (Loss) for the period presented is as follows:

Three Months Ended March 31, 2025
(In thousands, except per share amounts)As Previously ReportedRevisionAs Revised
Net income (loss)$(12,195)$4,383 $(7,812)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of deferred taxes
15,723 (622)15,101 
Pension liability adjustment, net of deferred taxes
(4,206)18 (4,188)
Total other comprehensive income (loss)8,718 (604)8,114 
Total comprehensive income (loss)(3,477)3,779 302 
Comprehensive income (loss) attributable to Enviri Corporation$(5,045)$3,779 $(1,266)
The impact of revising the Condensed Consolidated Statements of Cash Flows for the period presented is as follows:

Three Months Ended March 31, 2025
(In thousands, except per share amounts)As Previously ReportedRevisionAs Revised
Cash flows from operating activities:
Net income (loss)$(12,195)$4,383 $(7,812)
Deferred income tax (benefit) expense2,776 (5,599)(2,823)
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:
Accounts receivable(13,501)377 (13,124)
Inventories(8,995)1,017 (7,978)
Retirement plan liabilities, net4,488 168 4,656 
Other assets and liabilities8,034 (346)7,688 
Net cash (used) provided by operating activities6,600 — 6,600 
Net cash used by investing activities(18,447)— (18,447)
Net cash (used) provided by financing activities26,127 — 26,127 
Effect of exchange rate changes on cash and cash equivalents, including restricted cash(9)— (9)
Net increase (decrease) in cash and cash equivalents, including restricted cash
14,271 — 14,271 
Cash and cash equivalents, including restricted cash, at beginning of period90,158 — 90,158 
Cash and cash equivalents, including restricted cash, at end of period$104,429 $— $104,429 

The impact of revising the Condensed Consolidated Statements of Equity for all periods presented is as follows:

As Previously Reported
 Enviri Corporation Stockholders’ Equity  
Common StockAdditional Paid-in CapitalRetained
Earnings
Accumulated Other
Comprehensive
Loss
Noncontrolling
Interests
 
(In thousands, except share amounts)
IssuedTreasuryTotal
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 and other stock grants, 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 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 
Revision
 Enviri Corporation Stockholders’ Equity  
Common StockAdditional Paid-in CapitalRetained
Earnings
Accumulated Other
Comprehensive
Loss
Noncontrolling
Interests
 
(In thousands, except share amounts)
IssuedTreasuryTotal
Balances, December 31, 2024
$— $— $— $(21,512)$1,579 $— $(19,933)
Net income (loss)
— — — 4,383 — — 4,383 
Total other comprehensive income (loss)
— — — — (604)— (604)
Vesting of restricted stock units and other stock grants
— — — — — — — 
Vesting of performance share units
— — — — — — — 
Amortization of unearned stock-based compensation, net of forfeitures
— — — — — — — 
Balances, March 31, 2025
$— $— $— $(17,129)$975 $— $(16,154)
As Revised
 Enviri Corporation Stockholders’ Equity  
Common StockAdditional Paid-in CapitalRetained
Earnings
Accumulated Other
Comprehensive
Loss
Noncontrolling
Interests
 
(In thousands, except share amounts)
IssuedTreasuryTotal
Balances, December 31, 2024
$146,844 $(851,881)$255,102 $1,378,835 $(537,385)$38,151 $429,666 
Net income (loss)
— — — (9,013)— 1,201 (7,812)
Total other comprehensive income (loss), net of deferred income taxes of $2,487
— — — — 7,747 367 8,114 
Vesting of restricted stock units and other stock grants, 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 stock-based compensation, net of forfeitures
— — 4,044 — — — 4,044 
Balances, March 31, 2025
$147,515 $(853,360)$258,475 $1,369,822 $(529,638)$39,719 $432,533