Enviri II Corporation completed its spin-off as a standalone public company following the sale of Clean Earth to Veolia Environnement SA, the company announced. Enviri shareholders received one share of New Enviri common stock for every three shares of Enviri common stock plus $15.00 per share in cash.

Russell Hochman serves as president and chief executive officer of the newly independent company. New Enviri operates through two segments: Harsco Environmental and Harsco Rail, providing environmental solutions for industrial waste streams and equipment for the rail sector.

Regular trading for New Enviri began on June 2, 2026, on the New York Stock Exchange under the ticker "NVRI" with the name "Enviri Corporation" (NYSE: NVRI).

The company projects annualized 2026 pro forma revenues of approximately $1.2 billion and adjusted EBITDA of $140 million following the restructuring of corporate costs. New Enviri maintains a net debt to adjusted EBITDA ratio of 2.0x and an undrawn revolving credit facility.

Harsco Environmental generated pro forma revenues of $1.018 billion with adjusted EBITDA of $175 million, representing a 17.2% margin. Harsco Rail recorded pro forma revenues of $227 million with negative adjusted EBITDA of $23 million.

BofA Securities and Jefferies LLC served as financial advisors to Enviri, while Fried, Frank, Harris, Shriver & Jacobson LLP provided legal counsel for the transaction. The company operates in more than 30 countries and is headquartered in Philadelphia, Pennsylvania.