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Mergers & AcquisitionsMediumUpdated•Originally published 4 May 2026•Updated 6 May 2026•

1 min read

Enviri Shareholders Approve Clean Earth Sale to Veolia and Strategic Spin-off

Key Facts

1Enviri shareholders voted to approve the pending sale of its Clean Earth division to Veolia Environnement S.A.

2The company plans to spin off its Harsco Environmental and Harsco Rail business segments into 'New Enviri' immediately prior to closing.

28 days ago

Version History

Version 128 days ago

What changed: Added specific shareholder approval percentage (99.54%), upcoming earnings date and estimates, and key financial health metrics including the debt-to-equity ratio.

Enviri Corporation shareholders have overwhelmingly approved the sale of the Clean Earth division to Veolia Environnement S.A. with a 99.54% favorable vote. This divestiture is part of a strategic plan to spin off the Harsco Environmental and Harsco Rail segments into a new entity, New Enviri, by mid-2026. Despite the strategic progress, the company's financial health remains under scrutiny, with a debt-to-equity ratio of 7.08 indicating significant leverage. Investors are now looking toward the upcoming quarterly earnings report scheduled for May 11, 2026, where analysts expect an EPS of -$0.26. The restructuring aims to streamline operations and address the high leverage currently impacting the balance sheet. Management remains focused on unlocking long-term value through this complex corporate reorganization.