Form 10-Q - Quarterly report [Sections 13 or 15(d)]

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM			10-Q


☒			QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended March 31, 2024


☐			TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number 001-03970

ENVIRI CORPORATION

(Exact name of registrant as specified in its charter)

Delaware

23-1483991

(State or other jurisdiction of incorporation or organization)

(I.R.S. employer identification number)

Two Logan Square
100-120 North 18th Street, 17th Floor,

Philadelphia,

Pennsylvania

19103

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code 267-857-8715

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common stock, par value $1.25 per share

NVRI

New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ NO ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit). Yes ☒ NO ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YES ☐ NO ☒

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.


Class						Outstanding at April 30, 2024
Common stock, par value $1.25 per share						80,103,167

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ENVIRI CORPORATION

FORM 10-Q

INDEX


		Page
PART I — FINANCIAL INFORMATION

Item 1.	Financial Statements	4
	Condensed Consolidated Balance Sheets (Unaudited)	4
	Condensed Consolidated Statements of Operations (Unaudited)	5
	Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited)	6
	Condensed Consolidated Statements of Cash Flows (Unaudited)	7
	Condensed Consolidated Statements of Equity (Unaudited)	8
	Notes to Condensed Consolidated Financial Statements (Unaudited)	9

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	27

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	36

Item 4.	Controls and Procedures	36


PART II — OTHER INFORMATION

Item 1.	Legal Proceedings	36

Item 1A.	Risk Factors	36

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	36





Item 5.	Other Information	37



Item 6.	Exhibits	38


SIGNATURES		39

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Glossary of Defined Terms

Unless the context requires otherwise, "Enviri," the "Company," "we," "our," or "us" refers to Enviri Corporation on a consolidated basis. The Company also uses several other terms in this Quarterly Report on Form 10-Q, which are further defined below:


Term						Description
AOCI						Accumulated Other Comprehensive Income (Loss)
AR Facility						Revolving trade receivables securitization facility
ASU						Financial Accounting Standards Board Accounting Standards Update
CE						Clean Earth reportable business segment
CERCLA						Comprehensive Environmental Response, Compensation, and Liability Act of 1980
Consolidated Adjusted EBITDA						EBITDA as calculated in accordance with the Company's Credit Agreement.
Credit Agreement						Credit Agreement governing the Senior Secured Credit Facilities
DEA						United States Drug Enforcement Administration
Deutsche Bahn						National railway company in Germany
DTSC						California Department of Toxic Substances Control
EBITDA						Earnings before interest, tax, depreciation and amortization
EPA						U.S. Environmental Protection Agency
ESOL						Stericycle Environmental Solutions business
FASB						Financial Accounting Standards Board
HE						Harsco Environmental reportable business segment
ICMS						Type of value-added tax in Brazil
IKG						The former Harsco Industrial IKG business
ISDA						International Swaps and Derivatives Association
LIBOR						London Interbank Offered Rates
Network Rail						Infrastructure manager for most of the railway in the U.K.
New Term Loan						$500 million term loan raised in March 2021 under the Senior Secured Credit Facilities, maturing on March 10, 2028
OCI						Other Comprehensive Income (Loss)

PA DEP						Pennsylvania Department of Environmental Protection
Rail						The Harsco Rail reportable business segment
Revolving Credit Facility						$700 million multi-year revolving credit facility under the Senior Secured Credit Facilities
ROU						Right of use
SBB						Federal railway system of Switzerland
SCE						Kingdom of Bahrain's Supreme Council for Environment
SEC						Securities and Exchange Commission
Senior Notes						5.75% Notes due July 31, 2027
Senior Secured Credit Facilities						Primary source of borrowings comprised of the New Term Loan and the Revolving Credit Facility
SOFR						Secured Overnight Financing Rate
SPE						The Company's wholly-owned bankruptcy-remote special purpose entity, which is used in connection with the AR Facility
SPRA						State Revenue Authorities from the State of São Paulo, Brazil


TSDF						Treatment, storage, and disposal facility permits issued under the Resource Conservation and Recovery Act
U.S. GAAP						Accounting principles generally accepted in the U.S.

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PART I — FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

ENVIRI CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)


(In thousands)	March 31 2024		December 31 2023
ASSETS
Current assets:
Cash and cash equivalents	$	103,876	$	121,239
Restricted cash	3,532		3,375
Trade accounts receivable, net	308,213		338,187

Other receivables	33,693		40,565
Inventories	190,288		189,369
Current portion of contract assets	69,057		64,875
Prepaid expenses	53,081		58,723
Current portion of assets held-for-sale	8,282		195
Other current assets	13,627		10,828
Total current assets	783,649		827,356

Property, plant and equipment, net	688,638		707,397
Right-of-use assets, net	102,278		102,891
Goodwill	771,404		780,978
Intangible assets, net	319,522		327,983


Deferred income tax assets	15,884		16,295
Assets held-for-sale	8,873		—
Other assets	100,030		91,798
Total assets	$	2,790,278	$	2,854,698
LIABILITIES
Current liabilities:
Short-term borrowings	$	3,251	$	14,871
Current maturities of long-term debt	16,021		15,558
Accounts payable	224,509		243,279

Accrued compensation	52,947		79,609
Income taxes payable	5,172		7,567


Reserve for forward losses on contracts	46,592		52,919
Current portion of advances on contracts	35,965		38,313


Current portion of operating lease liabilities	28,569		28,775
Current portion of liabilities of assets held-for-sale	2,342		—
Other current liabilities	162,415		174,342
Total current liabilities	577,783		655,233
Long-term debt	1,444,883		1,401,437


Retirement plan liabilities	44,866		45,087



Operating lease liabilities	75,151		75,476

Environmental liabilities	25,253		25,682
Deferred tax liabilities	33,651		29,160
Other liabilities	42,567		47,215
Total liabilities	2,244,154		2,279,290
COMMITMENTS AND CONTINGENCIES
ENVIRI CORPORATION STOCKHOLDERS’ EQUITY

Common stock	146,548		146,105
Additional paid-in capital	241,833		238,416
Accumulated other comprehensive loss	(546,532)		(539,694)
Retained earnings	1,510,358		1,528,320
Treasury stock	(851,266)		(849,996)
Total Enviri Corporation stockholders’ equity	500,941		523,151
Noncontrolling interests	45,183		52,257
Total equity	546,124		575,408
Total liabilities and equity	$	2,790,278	$	2,854,698

See accompanying notes to unaudited condensed consolidated financial statements.

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ENVIRI CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)


	Three Months Ended
	March 31
(In thousands, except per share amounts)	2024		2023
Revenues from continuing operations:
Service revenues	$	499,154	$	461,560
Product revenues	101,163		99,145
Total revenues	600,317		560,705
Costs and expenses from continuing operations:
Cost of services sold	392,852		369,508
Cost of products sold	85,410		82,549

Selling, general and administrative expenses	87,126		81,861
Research and development expenses	861		520

Remeasurement of long-lived assets	10,695		—
Other expense (income), net	(2,440)		(5,648)
Total costs and expenses	574,504		528,790
Operating income (loss) from continuing operations	25,813		31,915
Interest income	1,697		1,480
Interest expense	(28,122)		(24,995)
Facility fees and debt-related income (expense)	(2,789)		(2,363)

Defined benefit pension income (expense)	(4,176)		(5,329)
Income (loss) from continuing operations before income taxes and equity income	(7,577)		708
Income tax benefit (expense) from continuing operations	(7,915)		(8,017)
Equity income (loss) of unconsolidated entities, net	(249)		(133)
Income (loss) from continuing operations	(15,741)		(7,442)
Discontinued operations:

Income (loss) from discontinued businesses	(1,492)		(1,655)
Income tax benefit (expense) from discontinued businesses	387		507
Income (loss) from discontinued operations, net of tax	(1,105)		(1,148)
Net income (loss)	(16,846)		(8,590)
Less: Net loss (income) attributable to noncontrolling interests	(1,116)		(935)
Net income (loss) attributable to Enviri Corporation	$	(17,962)	$	(9,525)
Amounts attributable to Enviri Corporation common stockholders:
Income (loss) from continuing operations, net of tax	$	(16,857)	$	(8,377)
Income (loss) from discontinued operations, net of tax	(1,105)		(1,148)
Net income (loss) attributable to Enviri Corporation common stockholders	$	(17,962)	$	(9,525)

Weighted-average shares of common stock outstanding	79,945		79,633
Basic earnings (loss) per common share attributable to Enviri Corporation common stockholders:
Continuing operations	$	(0.21)	$	(0.11)
Discontinued operations	(0.01)		(0.01)
Basic earnings (loss) per share attributable to Enviri Corporation common stockholders	$	(0.22)	$	(0.12)

Diluted weighted-average shares of common stock outstanding	79,945		79,633
Diluted earnings (loss) per common share attributable to Enviri Corporation common stockholders:
Continuing operations	$	(0.21)	$	(0.11)
Discontinued operations	(0.01)		(0.01)
Diluted earnings (loss) per share attributable to Enviri Corporation common stockholders	$	(0.22)	$	(0.12)

(a) Does not total due to rounding

See accompanying notes to unaudited condensed consolidated financial statements.

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ENVIRI CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)



	Three Months Ended
	March 31
(In thousands)	2024		2023
Net income (loss)	$	(16,846)	$	(8,590)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of deferred income taxes of $(481) and $1,472 in 2024 and 2023, respectively	(16,535)		12,446
Net gain (loss) on cash flow hedging instruments, net of deferred income taxes of $(655) and $847 in 2024 and 2023, respectively	1,863		(2,560)
Pension liability adjustments, net of deferred income taxes of $(296) and $(418) in 2024 and 2023, respectively	7,011		(2,735)
Unrealized gain (loss) on marketable securities, net of deferred income taxes of $(1) and $— in 2024 and 2023, respectively	2		1
Total other comprehensive income (loss)	(7,659)		7,152
Total comprehensive income (loss)	(24,505)		(1,438)
Comprehensive (income) loss attributable to noncontrolling interests	(295)		(1,293)
Comprehensive income (loss) attributable to Enviri Corporation	$	(24,800)	$	(2,731)

See accompanying notes to unaudited condensed consolidated financial statements.

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ENVIRI CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)


	Three Months Ended March 31
(In thousands)	2024		2023
Cash flows from operating activities:
Net income (loss)	$	(16,846)	$	(8,590)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	36,920		33,039
Amortization	8,174		7,965
Deferred income tax (benefit) expense	3,445		(56)
Equity (income) loss of unconsolidated entities, net	249		133





Remeasurement of long-lived assets	10,695		—
Other, net	772		1,009
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:
Accounts receivable	24,426		(14,533)

Inventories	(5,297)		(8,534)
Contract assets	(9,199)		11,698
Right-of-use assets	8,599		7,842
Accounts payable	(13,751)		17,735
Accrued interest payable	(6,820)		(6,998)
Accrued compensation	(25,531)		7,343
Advances on contracts	(1,618)		(5,591)


Operating lease liabilities	(8,212)		(7,202)
Retirement plan liabilities, net	(340)		814

Other assets and liabilities	(4,318)		838
Net cash (used) provided by operating activities	1,348		36,912
Cash flows from investing activities:
Purchases of property, plant and equipment	(26,881)		(22,146)


Proceeds from sales of assets	4,313		823
Expenditures for intangible assets	(77)		(36)

Net proceeds (payments) from settlement of foreign currency forward exchange contracts	(602)		(1,212)

Other investing activities, net	1		32
Net cash used by investing activities	(23,246)		(22,539)
Cash flows from financing activities:
Short-term borrowings, net	(9,003)		(3,029)
Current maturities and long-term debt:
Additions	35,323		59,000
Reductions	(4,967)		(57,200)

Dividends paid to noncontrolling interests	(8,243)		—
Contributions from noncontrolling interests	874		—



Stock-based compensation - Employee taxes paid	(1,040)		(930)




Other financing activities, net	(1)		—
Net cash (used) provided by financing activities	12,943		(2,159)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	(8,251)		(1,072)
Net increase (decrease) in cash and cash equivalents, including restricted cash	(17,206)		11,142
Cash and cash equivalents, including restricted cash, at beginning of period	124,614		85,094
Cash and cash equivalents, including restricted cash, at end of period	$	107,408	$	96,236

Supplementary cash flow information:
Change in accrual for purchases of property, plant and equipment included in accounts payable	$	120	$	7,524

See accompanying notes to unaudited condensed consolidated financial statements.

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ENVIRI CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)


	Enviri Corporation Stockholders’ Equity
	Common Stock				Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interests
(In thousands, except share amounts)	Issued		Treasury										Total
Balances, December 31, 2022	$	145,448	$	(848,570)	$	225,759	$	1,614,441	$	(567,636)	$	53,600	$	623,042

Net income (loss)	—		—		—		(9,525)		—		935		(8,590)



Total other comprehensive income (loss), net of deferred income taxes of $1,901	—		—		—		—		6,794		358		7,152



Purchase of subsidiary shares from noncontrolling interest	—		—		398		—		—		(398)		—






Vesting of restricted stock units and other stock grants, net 177,574 shares	395		(1,108)		(395)		—		—		—		(1,108)


Amortization of unearned portion of stock-based compensation, net of forfeitures	—		—		3,456		—		—		—		3,456
Balances, March 31, 2023	$	145,843	$	(849,678)	$	229,218	$	1,604,916	(560,842)		54,495		623,952


	Enviri Corporation Stockholders’ Equity
(In thousands, except share amounts)	Common Stock				Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interests
	Issued		Treasury										Total
Balances, December 31, 2023	$	146,105	$	(849,996)	$	238,416	$	1,528,320	$	(539,694)	$	52,257	$	575,408

Net income (loss)	—		—		—		(17,962)		—		1,116		(16,846)
Cash dividends declared:

Noncontrolling interests	—		—		—		—		—		(8,243)		(8,243)

Total other comprehensive income (loss), net of deferred income taxes of $(1,433)	—		—		—		—		(6,838)		(821)		(7,659)


Contributions from noncontrolling interests	—		—		—		—		—		874		874







Vesting of restricted stock units, net 201,053 shares	443		(1,270)		(443)		—		—		—		(1,270)


Amortization of unearned portion of stock-based compensation, net of forfeitures	—		—		3,860		—		—		—		3,860
Balances, March 31, 2024	$	146,548	$	(851,266)	$	241,833	$	1,510,358	$	(546,532)	$	45,183	$	546,124

See accompanying notes to unaudited condensed consolidated financial statements.

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ENVIRI CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited)

1. Basis of Presentation

The Company has prepared these unaudited condensed consolidated financial statements in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the SEC. Accordingly, the unaudited Condensed Consolidated Financial Statements do not include all information and disclosure required by U.S. GAAP for annual financial statements. The December 31, 2023 Condensed Consolidated Balance Sheet information contained in this Quarterly Report on Form 10-Q was derived from the 2023 audited consolidated financial statements. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, all adjustments (all of which are of a normal recurring nature) that are necessary for a fair statement are reflected in these unaudited Condensed Consolidated Financial Statements.

Liquidity

The Company’s cash flow forecasts, combined with existing cash and cash equivalents and borrowings available under the Senior Secured Credit Facilities, indicate sufficient liquidity to fund the Company’s operations for at least the next twelve months. As such, the Company’s unaudited Consolidated Financial Statements have been prepared on the basis that it will continue as a going concern for a period extending beyond twelve months from the date the unaudited Consolidated Financial Statements are issued. This assessment includes the expected ability to meet required financial covenants and the continued ability to draw down on the Senior Secured Credit Facilities (see Note 9, Debt and Credit Agreements).

Reclassifications

During the three months ended March 31, 2024, the Company determined that the held-for-sale criteria for Rail was no longer met and, as a result, the Company made reclassifications to prior year amounts previously classified as discontinued operations and assets held-for-sale in the Company's Consolidated Statements of Operations and Consolidated Balance Sheets, along with the accompanying notes to the Company's Consolidated Financial Statements. See Note 3, Discontinued Operations and Dispositions for further details.

2. Recently Adopted and Recently Issued Accounting Standards

The Company has not adopted any accounting standards during the first quarter in 2024:

The following accounting standards have been issued and become effective for the Company at a future date:

In November 2023, the FASB issued changes that require expansion of annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The changes become effective starting with the Company's annual financial statements for the year ended December 31, 2024. The Company is currently evaluating the impact that this change will have on the Company's disclosures.

In December 2023, the FASB issued changes which require greater disaggregation of income tax disclosures related to the income tax rate reconciliation and income taxes paid. The changes become effective starting with the Company's annual financial statements for the year ended December 31, 2025. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that this change will have on the Company's disclosures.

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3. Discontinued Operations and Dispositions

Harsco Rail Segment

The results of the Rail business were previously presented as discontinued operations. However, the held for sale criteria were no longer met as of March 31, 2024 as the sales process has been paused. The assets and liabilities of the Rail business, previously presented as held for sale, have been reclassified to held and used in the Condensed Consolidated Balance Sheets as of December 31, 2023, and the results of the Rail business have been reclassified from discontinued operations to continuing operations for all periods presented in the Condensed Consolidated Statements of Operations. The Rail business’ assets and liabilities as of March 31, 2024 were measured at the carrying amount before the assets were classified as held for sale, reduced by $10.7 million representing the depreciation and amortization expense that would have been recognized had the assets been continuously classified as held for use. The $10.7 million reduction to the carrying value of the Rail assets was reported in Remeasurement of long-lived assets in the first quarter of 2024.

The reclassification of the Rail business's balance sheet positions as of December 31, 2023 had the following impacts on the Condensed Consolidated Balance Sheets and are summarized as follows:


(in thousands)	December 31 2023
Trade accounts receivable, net	$	57,415
Other receivables	6,708
Inventories	103,077
Current portion of contract assets	56,341
Prepaid expenses	28,797
Other current assets	2,895
Property, plant and equipment, net	44,113
Right-of-use assets, net	7,050
Goodwill	13,026
Intangible assets, net	3,122
Deferred income tax assets	973

Other assets	22,792
Total assets	$	346,309

Accounts payable	$	44,703
Accrued compensation	6,056
Income taxes payable	1,434
Current portion of operating lease liabilities	3,656
Current portion of advances on contracts	32,912
Reserve for forward losses on contracts	52,725
Other current liabilities	30,550

Operating lease liabilities	3,331
Deferred tax liabilities	350
Other liabilities	494
Total liabilities	$	176,211

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The reclassification of the results of the Rail business to continuing operations had the following impacts on the Consolidated Statement of Operations for the three months ended March 31, 2023:


	Three Months Ended
	March 31
(In thousands)		2023
Service revenues		$	7,720
Product revenues		57,332
Total revenues		65,052
Cost of services sold		5,626
Cost of products sold		45,743
Total cost of sales		51,369
Selling, general and administrative expenses		9,926
Research and development expenses		344
Other expense (income)		503
Total costs and expenses		62,142
Operating income from continuing operations		2,910
Interest income		25
Interest expense		(667)
Defined benefit pension income		6
Income (loss) from continuing operations before income taxes		2,274
Income tax benefit (expense) from continuing operations		(1,094)
Income (loss) from continuing operations		$	1,180

Harsco Environmental Segment

On April 1, 2024, the Company completed the sale of Performix Metallurgical Additives, LLC, a subsidiary of HE. As the criteria for discontinued operations accounting was not met but the sale was probable as of March 31, 2024, the assets and liabilities of this business have been classified as held for sale in the Company’s Consolidated Balance Sheet. The most material classes of assets as of March 31, 2024 were Accounts receivable of $4.7 million and Goodwill of $5.3 million.

Other

Discontinued operations include costs directly attributable to retained contingent liabilities of other previously disposed businesses.

4. Accounts Receivable and Note Receivable

Accounts receivable consist of the following:


(In thousands)	March 31 2024		December 31 2023
Trade accounts receivable	$	322,102	$	353,709
Less: Allowance for expected credit losses	(13,889)		(15,522)

Trade accounts receivable, net	$	308,213	$	338,187

Other receivables (a)	$	33,693	$	40,565

(a) Other receivables include employee receivables, insurance receivable, tax claims and refunds and other miscellaneous items not included in Trade accounts receivable, net.

The provision for expected credit losses related to trade accounts receivable was as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Provision for expected credit losses related to trade accounts receivable		$	(167)	$	507

At March 31, 2024, $14.7 million of the Company's trade accounts receivable were past due by twelve months or more, with $9.3 million of this amount reserved.

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Accounts Receivable Securitization Facility

In June 2022, the Company and its SPE entered into an AR Facility with PNC Bank, National Association ("PNC") to accelerate cash flows from trade accounts receivable. The AR Facility has a three-year term. The maximum purchase commitment by PNC is $150.0 million.

The total outstanding balance of trade receivables that have been sold and derecognized by the SPE is $150.0 million as of March 31, 2024 and December 31, 2023. The SPE owned $71.6 million and $82.2 million of trade receivables as of March 31, 2024 and December 31, 2023, respectively, which is included in the caption Trade accounts receivable, net, on the Condensed Consolidated Balance Sheets. See Note 9, Debt and Credit Agreements, for AR Facility expenses incurred.

The Company received proceeds of $5.0 million from the AR Facility in the first quarter of 2023.

Factoring Arrangements

The Company maintains factoring arrangements with a financial institution to sell certain accounts receivable that are also accounted for as a sale of financial assets and accordingly, derecognized from the Company's Consolidated Balance Sheet. The following table reflects balances for net amounts sold and program capacities for the arrangements:


(In millions)	March 31 2024		December 31 2023
Net amounts sold under factoring arrangements	$	14.7	$	16.1
Program capacities	32.0		32.6

Note Receivable

In January 2020, the Company sold IKG for $85.0 million including cash and a note receivable, subject to post-closing adjustments. The note receivable from the buyer has a face value of $40.0 million, bearing interest at 2.50%, that is paid in kind and matures on January 31, 2027. Any unpaid principal, along with any accrued but unpaid interest is payable at maturity. Prepayment is required in case of a change in control or a percentage of excess cash flow, as defined in the note receivable agreement. Because there are no scheduled payments under the terms of the note receivable, the balance is classified as noncurrent as of March 31, 2024 and December 31, 2023, and is included in the caption Other assets on the Condensed Consolidated Balance Sheet at amortized cost.


(In millions)	March 31 2024		December 31 2023
Note receivable, at amortized cost	$	14.3	$	14.0
Note receivable, fair value	15.8		15.4

5. Inventories

Inventories consist of the following:


(In thousands)	March 31 2024		December 31 2023
Finished goods	$	16,430	$	16,171
Work-in-process	10,715		13,081

Raw materials and purchased parts	116,073		114,046
Stores and supplies	47,070		46,071
Total inventories	$	190,288	$	189,369

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6. Property, Plant and Equipment

Property, plant and equipment ("PP&E") consist of the following:


(In thousands)	March 31 2024		December 31 2023
Land and improvements	$	92,269	$	93,793

Buildings and improvements	239,651		243,472
Machinery and equipment	1,690,555		1,729,637
Uncompleted construction	66,436		66,241
Gross property, plant and equipment	2,088,911		2,133,143
Less: Accumulated depreciation	(1,400,273)		(1,425,746)
Property, plant and equipment, net	$	688,638	$	707,397

7. Leases

The components of lease expense were as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Finance leases:
Depreciation expense		$	2,578	$	1,541
Interest on lease liabilities		815		354
Operating leases		9,832		9,478
Variable and short-term lease expense		14,044		12,630
Sublease income		(2)		(2)
Total lease expense		$	27,267	$	24,001

8. Goodwill and Other Intangible Assets

The Company tests for goodwill impairment annually, or more frequently if indicators of impairment exist, or if a decision is made to dispose of a business. The Company performs its annual goodwill impairment test as of October 1 and monitors for triggering events on an ongoing basis.

During the three months ended March 31, 2024, the Company determined that there were no events or indicators present that would indicate that it was more-likely-than-not that its reporting units' fair values were less than their carrying amounts, which would require a further interim impairment analysis. However, unfavorable economic conditions, including continued cost inflation and labor shortages, as well as rising interest rates, could impact the Company's future projected cash flows and discount rates used to estimate fair value, which could result in an impairment charge to any of the Company's reporting units in a future period.

9. Debt and Credit Agreements

Long-term debt consists of the following:


(In thousands)	March 31 2024		December 31 2023

Senior Secured Credit Facilities:
New Term Loan	$	486,250	$	487,500


Revolving Credit Facility	457,000		422,000
5.75% Senior Notes	475,000		475,000
Other financing payable (including finance leases) in varying amounts	53,810		44,469
Total debt obligations	1,472,060		1,428,969
Less: deferred financing costs	(11,156)		(11,974)
Total debt obligations, net of deferred financing costs	1,460,904		1,416,995
Less: current maturities of long-term debt	(16,021)		(15,558)
Long-term debt	$	1,444,883	$	1,401,437

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The Senior Secured Credit Facilities contain a consolidated net debt to Consolidated Adjusted EBITDA ratio covenant, which is not to exceed 5.25x for the quarter ended March 31, 2024 and then decreasing quarterly until reaching 4.00x on December 31, 2024. The total net leverage ratio covenant applicable to the third quarter of 2024 and earlier is subject to a 0.50x decrease upon the divestiture of Rail. The Company's required coverage of consolidated interest charges is set at a minimum of 2.75x through the end of 2024, subject to an increase to 3.00x upon closing of the divestiture of Rail, and 3.00x beginning with the first quarter of 2025.

At March 31, 2024, the Company was in compliance with its debt covenants under the Senior Secured Credit Facilities, with a total net debt to Consolidated Adjusted EBITDA ratio of 4.08x and a total interest coverage ratio of 3.06x. The Company believes it will continue to maintain compliance with these covenants based on its current outlook. However, the Company's estimates of compliance with these covenants could change in the future with a deterioration in economic conditions, higher than forecasted interest rate increases, the timing of working capital including the collection of receivables or an inability to realize increased pricing and implement cost reduction initiatives that mitigate the impacts of inflation and other factors that may adversely impact its realized operating margins.

Facility Fees and Debt-Related Income (Expense)

The components of the Condensed Consolidated Statements of Operations caption Facility fees and debt-related income (expense) were as follows:


	Three Months Ended
	March 31
(In thousands)	2024		2023

Unused debt commitment and amendment fees	$	—	$	(12)
Securitization and factoring fees	(2,789)		(2,351)
Facility fees and debt-related income (expense)	$	(2,789)	$	(2,363)

10. Employee Benefit Plans



	Three Months Ended
	March 31
Defined Benefit Pension Plan Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2024		2023		2024		2023
Service costs	$	—	$	—	$	338	$	313
Interest costs	2,419		2,543		7,460		7,429
Expected return on plan assets	(2,236)		(1,750)		(8,370)		(7,678)
Recognized prior service costs	—		—		118		114
Recognized actuarial losses	1,045		1,151		3,801		3,519

Defined benefit pension plan net periodic pension cost (benefit)	$	1,228	$	1,944	$	3,347	$	3,697

Cash contributions to U.S. and international defined benefit pension plans totaled $0.4 million and $4.3 million for the three months ended March 31, 2024, respectively. The Company's estimate of expected cash contributions to be paid during the remainder of 2024 for the U.S. and international defined benefit pension plans is $7.3 million and $13.2 million, respectively.

11. Income Taxes

Income tax expense from continuing operations for the three months ended March 31, 2024 and 2023 was $7.9 million and $8.0 million, respectively. The decrease in expense for the three months ended March 31, 2024, compared with the three months ended March 31, 2023, is primarily due to a decrease in disallowed interest expense and business improvement in various countries with no tax expense.

For the three months ended March 31, 2024, the Company calculated its quarterly tax provision based on its best estimate of the full year tax rate applicable to the quarter. For the three months ended March 31, 2023, due to the insignificant amount of pre-tax book loss relative to the size of permanent book-tax differences and a varying net income (loss) pattern projected for the year, the Company’s tax provision estimate was determined using an actual year-to-date method.

The reserve for uncertain tax positions on March 31, 2024 and December 31, 2023 was $3.4 million, including interest and penalties. Within the next twelve months, it is reasonably possible that $0.6 million in unrecognized income tax benefits will be recognized upon settlement of tax examinations and the expiration of various statutes of limitations.

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12. Commitments and Contingencies

Environmental

The Company is involved in a number of environmental remediation investigations and cleanups and, along with other companies, has been identified as a “potentially responsible party” for certain byproduct disposal sites. While each of these matters is subject to various uncertainties, it is probable that the Company will agree to make payments toward funding certain of these activities, and it is possible that some of these matters will be decided unfavorably to the Company. The Company has evaluated its potential liability and its financial exposure is dependent upon such factors as the continuing evolution of environmental laws and regulatory requirements, the availability and application of technology, the allocation of cost among potentially responsible parties, the years of remedial activity required and the remediation methods selected.

The Company evaluates its liability for future environmental remediation costs on a quarterly basis. Although actual costs to be incurred at identified sites in future periods may vary from the estimates (given inherent uncertainties in evaluating environmental exposures), the Company does not expect that any costs that are reasonably possible to be incurred by the Company in connection with environmental matters in excess of the amounts accrued would have a material adverse effect on the Company's financial condition, results of operations or cash flows.

The following table summarizes information related to the location and undiscounted amount of the Company's environmental liabilities:


(In thousands)	March 31 2024		December 31 2023
Current portion of environmental liabilities (a)	$	7,395	$	7,540
Long-term environmental liabilities	25,253		25,682
Total environmental liabilities	$	32,648	$	33,222

(a) The current portion of environmental liabilities is included in the caption Other current liabilities on the Condensed Consolidated Balance Sheets.

Legal Proceedings

In the ordinary course of business, the Company is a defendant or party to various claims and lawsuits, including those discussed below. Unless stated otherwise below, the Company has not determined a loss to be probable or estimable for the legal proceedings.

In November 2022, the EPA and the Kentucky Department for Environmental Protection (the “KDEP”) conducted an inspection of Clean Earth of Calvert City LLC’s facility in Calvert City, KY. In September 2023, the EPA verbally proposed a civil penalty of $0.8 million to address alleged violations identified at the time of the inspection. The Company recorded a liability during the year ended December 31,2023 of $0.7 million. At March 31, 2024, the liability is $0.7 million and the Company is still assessing the alleged violations and is engaging with the EPA to resolve this matter.

On January 27, 2020, the EPA issued a Notice of Potential Liability to the Company, along with several other companies, concerning the Newtown Creek Superfund Site located in Kings and Queens Counties in New York. The Notice alleges certain facilities formerly owned or operated by subsidiaries of the Company may have resulted in the discharge of hazardous substances into Newtown Creek or its Dutch Kills tributary. The site has been subject to CERCLA response activities since approximately 2011. The EPA expects to issue a Record of Decision for the sitewide cleanup plan no sooner than 2028 and announced, in July 2021, that it would defer its decision on a potential early action response for the lower two miles of the Creek until the sitewide studies are completed. The Company is one of approximately twenty (20) Potentially Responsible Parties ("PRPs") that have received notices, though it is believed other PRPs may exist. The Company vigorously contests the allegations of the Notice and currently does not believe that this matter will have a material effect on the Company’s financial position or results from operations.

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On June 25 and 26, 2018, the DTSC conducted a compliance enforcement inspection of ESOL’s facility in Rancho Cordova, California, which was then owned by Stericycle, Inc. On February 14, 2020, the DTSC filed an action in the Superior Court for the State of California, Sacramento Division, alleging violations of California’s Hazardous Waste Control Law and the facility’s hazardous waste permit arising from the inspection. On August 27, 2020, the DTSC issued a Notice of Denial of Hazardous Waste Facility Permit Application, denying the renewal of the facility's hazardous waste permit. The Company has exhausted its legal challenges to the denial of the Hazardous Waste facility permit, and the hazardous waste facility is in the process of closing. The Company continues to utilize the site for non-hazardous waste and is evaluating additional potential alternate uses for the site. The DTSC investigation and compliance issues leading to the compliance tier assignment were ongoing well before the Company's acquisition of the ESOL business, and the Company was aware of the investigation and many of the issues raised in the investigation at the time of the purchase. Accordingly, the Company is indemnified for certain fines and other costs and expenses associated with this matter by Stericycle, Inc. The Company has not accrued any amounts in respect of these alleged violations and cannot estimate the reasonably possible loss or the range of reasonably possible losses that it may incur.

The Company has had ongoing meetings with the SCE over processing salt cakes, a processing byproduct, stored at the Al Hafeerah site. The Company’s Bahrain operations that produced the salt cakes has ceased operations. An Environmental Impact Assessment and Technical Feasibility Study for facilities to process the salt cakes was approved by the SCE during the first quarter of 2018. Commissioning of the facilities was completed during the third quarter of 2021 and the processing of the salt cakes has commenced. The Company's current reserve of $5.1 million at March 31, 2024 continues to represent the Company's best estimate of the ultimate costs to be incurred to resolve this matter. The Company continues to evaluate this reserve and any future change in estimated costs which could be material to the Company’s results of operations in any one period.

On July 27, 2018, Brazil’s Federal and Rio de Janeiro State Public Prosecution Offices (the "MPF" and "MPE", respectively) filed a Civil Public Action against CSN, one of the Company's customers, the Company’s Brazilian subsidiary, the Municipality of Volta Redonda, Brazil, and the Instituto Estadual do Ambiente (local environmental protection agency) seeking the implementation of various measures to limit and reduce the accumulation of customer-owned slag at the site in Brazil. On August 6, 2018, the 3rd Federal Court in Volta Redonda (the "Volta Redonda Court") granted the MPF and MPE an injunction against the same parties requiring, among other things, CSN and the Company’s Brazilian subsidiary to limit the volume of slag sent to the site. Because the customer owns the site and the slag located on the site, the Company believes that complying with this injunction is the steel producer’s responsibility. Nevertheless, the Volta Redonda Court issued two orders fining the Company and CSN for what it views as ongoing violations of the injunction. The Company is appealing the fines and the underlying injunction. Both the Company and CSN continue to have discussions with the MPF, MPE and the governmental authorities regarding the injunction and the possible resolution of the underlying case. Beginning on March 25, 2022, the Courts entered a series of orders suspending the litigation proceedings and staying any additional fines and interest accruals while the parties discuss a possible resolution to the matter. The aggregate amount of fines levied against the Company, exclusive of interest, is approximately 32 million Brazilian reais (or approximately $6 million) as of March 31, 2024. The Company does not believe that a loss relating to this matter is probable or estimable at this point.

On October 19, 2018, local environmental authorities issued an enforcement action against the Company concerning the Company’s operations at a customer site in Ijmuiden, Netherlands. The enforcement action alleged violations of the Company’s environmental permit at the site, which restricts the release of any visible dust emissions. On January 12, 2022, the Administrative Supreme Court of the Netherlands upheld the Company’s challenge of these enforcement actions as they relate to the slag tipping area of the site. As a result, all fines asserted against the Company to date have been invalidated and all fines paid to date have been reimbursed. This order is not appealable. On or about October 14, 2021, the Company received a subpoena and two indictments before the Amsterdam District Court in the Netherlands. The Amsterdam Public Prosecutor’s Office ("APPO") issued two indictments against the Company, alleging violations in connection with dust releases and/or events alleged to have occurred in 2018 through May 2020 at the site. The action cites provisions which permit fines for the alleged infractions and seeks €0.1 million in fines with a smaller amount held in abeyance. On February 2, 2022, the APPO announced that it would further investigate residents’ claims related to this matter. On February 25, 2022, the Amsterdam District Court ruled that the Company was liable for only one alleged violation and that this alleged violation was unintentional. The court issued a fine of €5,000, to be held in abeyance. Both the Company and the APPO have appealed this ruling. The Company is vigorously contesting all allegations against it and is also working with its customer to ensure the control of emissions. The Company has contractual indemnity rights from its customer that it believes will substantially cover any fines or penalties.

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DEA Investigation

Prior to the Company’s acquisition of ESOL, Stericycle, Inc. notified the Company that the DEA had served an administrative subpoena on Stericycle, Inc. and executed a search warrant at a facility in Rancho Cordova, CA and an administrative inspection warrant at a facility in Indianapolis, IN. The Company has determined that the DEA and the DTSC have launched investigations involving, at least in part, the ESOL business of collecting, transporting, and destroying controlled substances from retail customers that transferred from Stericycle, Inc. to the Company. The Company is cooperating with these inquiries, which relate primarily to the period before the Company owned the ESOL business. Since the acquisition of the ESOL business, the Company has performed a vigorous review of ESOL’s compliance program related to controlled substances and has made material changes to the manner in which controlled substances are transported from retail customers to DEA-registered facilities for destruction. Pursuant to an agreement with Stericycle, the Company has contractual recourse for any material loss the Company has determined is reasonably possible. The Company has not accrued any amounts in respect of these investigations and does not believe a loss is reasonably possible.

Brazilian Tax Disputes

The Company is involved in a number of tax disputes with federal, state and municipal tax authorities in Brazil. These disputes are at various stages of the legal process, including the administrative review phase and the collection action phase, and include assessments of fixed amounts of principal and penalties, plus interest charges that increase at statutorily determined amounts per month and are assessed on the aggregate amount of the principal and penalties. In addition, at the collection action or court of appeals phase, the losing party could be subject to a charge to cover statutorily mandated legal fees, which are generally calculated as a percentage of the total assessed amounts due, inclusive of penalty and interest. Many of the claims relate to ICMS, services and social security tax disputes. The largest proportion of the assessed amounts relate to ICMS claims filed by the SPRA, encompassing the period from January 2002 to May 2005.

In October 2009, the Company received notification of the SPRA’s final administrative decision regarding the levying of ICMS in the State of São Paulo in relation to services provided to a customer in the State between January 2004 and May 2005. As of March 31, 2024, the principal amount of the tax assessment from the SPRA with regard to this case is approximately $1.2 million, with penalty, interest and fees assessed to date increasing such amount by an additional $18.6 million. On June 4, 2018, the Appellate Court of the State of São Paulo ruled in favor of the SPRA, but ruled that the assessed penalty should be reduced to approximately $1.2 million. After calculating the interest accrued on the penalty through March 31, 2024, the Company estimates that this ruling reduced the current overall potential liability for this case to approximately $8.1 million. All such amounts include the effect of foreign currency translation. The Company has appealed the ruling in favor of the SPRA to the Superior Court of Justice. Due to multiple court precedents in the Company’s favor, the Company does not believe a loss is probable.

Another ICMS tax case involving the SPRA refers to the tax period from January 2002 to December 2003. In December 2018, the administrative tribunal hearing the case upheld the Company's liability. The aggregate amount assessed by the tax authorities in August 2005 was $5.0 million (the amounts with regard to this claim are valued as of the date of the assessment, since it has not yet reached the collection phase), composed of a principal amount of $1.2 million, with penalty and interest assessed through that date increasing such amount by an additional $3.8 million. On December 6, 2018, the administrative tribunal reduced the applicable penalties to $0.6 million. After calculating the interest accrued on the current penalty through March 31, 2024, the Company estimates that the current overall liability for this case to be approximately $5.6 million. All such amounts include the effect of foreign currency translation. The Company has appealed to the judicial phase at the Third Trial Court of the District of Cubatão, State of São Paulo. On October 14, 2022, the District Court issued a decision holding that the Company is not liable for the taxes at issue. The SPRA appealed this decision on December 28, 2022 to the Appellate Court of the State of São Paulo (the "São Paulo Appellate Court"). On March 26, 2024, the São Paulo Appellate Court ruled that the Company is liable for the taxes at issue. In the same decision, the São Paulo Appellate Court also ruled in the Company's favor regarding the applicable tax rate. Due to multiple court precedents in the Company's favor, the Company does not believe a loss is probable.

The Company continues to believe that sufficient coverage for these claims exists as a result of the indemnification obligations of the Company's customer and such customer’s pledge of assets in connection with the October 2009 notice, as required by Brazilian law. On April 23, 2024, the Company’s customer directed the Company to accept a settlement offer made by SPRA and the Company accepted the settlement offer on April 26, 2024. Under the settlement, the Company will pay a total of $3.8 million over sixty months in return for a full release from the SPRA as to both claims. Pursuant to our contractual rights, the Company is indemnified by its customer for these amounts; therefore, no net loss has been recorded by the Company for this settlement.

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On December 30, 2020, the Company received an assessment from the municipal authority in Ipatinga, Brazil alleging $2.1 million in unpaid service taxes from the period 2015 to 2020. After calculating the interest and penalties accrued, the Company estimates that the current overall potential liability for this case to be approximately $5.8 million. On July 21, 2023, the Company filed the last administrative appeal against the decision that maintained the assessment and a final administrative decision is still pending. Due to the multiple defenses that are available, the Company does not believe a loss is probable.

The Company intends to continue its practice of vigorously defending itself against these tax claims under various alternatives, including judicial appeal. The Company will continue to evaluate its potential liability with regard to these claims on a quarterly basis; however, it is not possible to predict the ultimate outcome of these tax-related disputes in Brazil. No loss provision has been recorded in the Company's Condensed Consolidated Financial Statements for the disputes described above because the loss contingency is not deemed probable, and the Company does not expect that any costs that are reasonably possible to be incurred by the Company in connection with Brazilian tax disputes would have a material adverse effect on the Company's financial condition, results of operations or cash flows.

Asbestos Actions

The Company is named as one of many defendants in legal actions in the U.S. alleging personal injury from exposure to airborne asbestos over the past several decades. In their suits, the plaintiffs have named as defendants, among others, many manufacturers, distributors and installers of numerous types of equipment or products that allegedly contained asbestos.

At March 31, 2024, there were approximately 17,000 pending asbestos personal injury actions filed against the Company. The vast majority of these actions were filed in the New York Supreme Court (New York County), of which the majority of such actions were on the Deferred/Inactive Docket created by the New York Supreme Court in December 2002 for all pending and future asbestos actions filed by persons who cannot demonstrate that they have a malignant condition or discernible physical impairment. A relatively small portion of cases are on the Active or In Extremis docket in New York County or on active dockets in other jurisdictions. The complaints in most of those actions generally follow a form that contains a standard demand of significant damages, regardless of the individual plaintiff's alleged medical condition, and without identifying any Company product.

The Company will continue to vigorously defend against such claims and is confident that it will be successful in doing so. The Company has never been a producer, manufacturer or processor of asbestos fibers. Any asbestos-containing part of a Company product used in the past was purchased from a supplier and the asbestos encapsulated in other materials such that airborne exposure, if it occurred, was not harmful and is not associated with the types of injuries alleged in the pending actions.

The Company has liability insurance coverage under various primary and excess policies that the Company believes will be available, if necessary, to substantially cover any liability that might ultimately be incurred in the asbestos actions referred to above. The costs and expenses of the asbestos actions are being paid by the Company's insurers.

In view of the persistence of asbestos litigation in the U.S., the Company expects to continue to receive additional claims in the future. The Company intends to continue its practice of vigorously defending these claims and cases. At March 31, 2024, the Company has successfully dismissed approximately 28,400 cases by stipulation or summary judgment prior to trial.

It is not possible to predict the ultimate outcome of asbestos-related actions in the U.S. due to the unpredictable nature of this litigation, and no loss provision has been recorded in the Company's Condensed Consolidated Financial Statements because a loss contingency is not deemed probable or estimable. Despite this uncertainty, and although results of operations and cash flows for a given period could be adversely affected by asbestos-related actions, the Company does not expect that any costs that are reasonably possible to be incurred by the Company in connection with asbestos litigation would have a material adverse effect on the Company's financial condition, results of operations or cash flows.

Other

On November 5, 2020, a worker suffered a fatal injury at a site owned by the Company’s customer, Gerdau Ameristeel US, Inc. ("Gerdau"), in Midlothian, TX. Although the Company was not directly involved in the accident, the worker was employed by a sub-contractor of a sub-contractor of the Company. The worker’s family filed suit in the 125th Judicial District Court of Harris County, TX against multiple parties, including the Company, seeking monetary damages. On May 11, 2023, the parties completed a formal settlement agreement, settling the claims brought by the worker's family. The Company paid its insurance deductible of $5.0 million and has recorded an indemnification receivable from Gerdau for the recovery of certain losses based upon the contractual indemnity rights. On August 25, 2023, the Company initiated arbitration proceedings against Gerdau before the American Arbitration Association to enforce its contractual indemnity rights. There can be no assurances that the Company's position will ultimately prevail; however, any financial statement impact is not expected to be material.

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The Company is subject to various other claims and legal proceedings covering a wide range of matters that arose in the ordinary course of business. In the opinion of management, all such matters are adequately covered by insurance or by established reserves, and, if not so covered, are without merit or are of such kind, or involve such amounts, as would not have a material adverse effect on the financial position, results of operations or cash flows of the Company.

Insurance liabilities are recorded when it is probable that a liability has been incurred for a particular event and the amount of loss associated with the event can be reasonably estimated. Insurance reserves have been estimated based primarily upon actuarial calculations and reflect the undiscounted estimated liabilities for ultimate losses, including claims incurred but not reported. Inherent in these estimates are assumptions that are based on the Company's history of claims and losses, a detailed analysis of existing claims with respect to potential value, and current legal and legislative trends. If actual claims differ from those projected by management, changes (either increases or decreases) to insurance reserves may be required and would be recorded through income in the period the change was determined. When a recognized liability has been determined to be covered by third-party insurance, the Company records an insurance claim receivable to reflect the covered liability. Insurance claim receivables are included in Other receivables on the Company's Condensed Consolidated Balance Sheets. See Note 1, Summary of Significant Accounting Policies in Part II, Item 8 Financial Statements and Supplementary Data in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, under Accrued Insurance and Loss Reserves, for additional information.

13. Reconciliation of Basic and Diluted Shares


	Three Months Ended
	March 31
(In thousands, except per share amounts)	2024		2023
Income (loss) from continuing operations attributable to Enviri Corporation common stockholders	$	(16,857)	$	(8,377)
Weighted-average shares outstanding:
Weighted-average shares outstanding - basic	79,945		79,633
Dilutive effect of stock-based compensation	—		—
Weighted-average shares outstanding - diluted	79,945		79,633

Earnings (loss) from continuing operations per common share, attributable to Enviri Corporation common stockholders:
Basic	$	(0.21)	$	(0.11)

Diluted	$	(0.21)	$	(0.11)

The following average outstanding stock-based compensation units were not included in the computation of diluted earnings (loss) per share because the effect was either antidilutive or the market conditions for the performance share units were not met:


	Three Months Ended
	March 31
(In thousands)		2024	2023
Restricted stock units		1,686	1,000

Stock appreciation rights		2,890	2,473
Performance share units		1,880	1,394

14. Derivative Instruments, Hedging Activities and Fair Value

Derivative Instruments and Hedging Activities

The Company uses derivative instruments, including foreign currency exchange forward contracts and interest rate swaps to manage certain foreign currency and interest rate exposures. Derivative instruments are viewed as risk management tools by the Company and are not used for trading or speculative purposes. All derivative instruments are recorded on the Company's Condensed Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of the derivative, whether the Company has elected to designate a derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the earnings effect of the hedged forecasted transactions in a cash flow hedge. The Company may enter into derivative contracts that are intended to economically hedge certain of its risks, even though hedge accounting does not apply or the Company elects not to apply hedge accounting.

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The Company primarily applies the market approach for recurring fair value measurements and endeavors to utilize the best available information. Accordingly, the Company utilizes valuation techniques that maximize the use of observable inputs, such as forward rates, interest rates, the Company’s credit risk and counterparties’ credit risks, and which minimize the use of unobservable inputs. The Company is able to classify fair value balances based on the ability to observe those inputs. Foreign currency exchange forward contracts and interest rate swaps are based upon pricing models using market-based inputs (Level 2). Model inputs can be verified and valuation techniques do not involve significant management judgment.

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
March 31, 2024
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	101	$	4,443	$	4,544
Interest rate swaps	Other current assets	2,202		—		2,202

Total		$	2,303	$	4,443	$	6,746

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	388	$	394	$	782

Interest rate swaps	Other liabilities	210		—		210
Total		$	598	$	394	$	992

December 31, 2023
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	77	$	1,597	$	1,674


Interest rate swaps	Other current assets	1,443		—		1,443

Total		$	1,520	$	1,597	$	3,117

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	561	$	8,064	$	8,625

Interest rate swaps	Other liabilities	2,150		—		2,150
Total		$	2,711	$	8,064	$	10,775

All of the Company's derivatives are recorded on the Condensed Consolidated Balance Sheets at gross amounts and do not offset. All of the Company's interest rate swaps and certain foreign currency exchange forward contracts are transacted under ISDA documentation. Each ISDA master agreement permits the net settlement of amounts owed in the event of default. The Company's derivative assets and liabilities subject to enforceable master netting arrangements, if offset, would have resulted in a net asset of $0.8 million and a net liability of $0.5 million at March 31, 2024 and December 31, 2023, respectively.

The effect of derivative instruments on the Company's Condensed Consolidated Statements of Comprehensive Income (Loss) was as follows:

Derivatives Designated as Hedging


	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended				Three Months Ended
	March 31				March 31
(In thousands)	2024		2023		2024		2023
Foreign currency exchange forward contracts	$	223	$	(682)	$	(404)	$	411


Interest rate swaps	3,581		(2,887)		(882)		(248)

	$	3,804	$	(3,569)	$	(1,286)	$	163

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The location and amount of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended
	March 31
	2024				2023
(In thousands)	Product Revenues		Interest Expense			Product Revenues		Interest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded	$	101,163	$	(28,122)		$	99,145	$	(24,995)
Interest rate swaps:
Gain or (loss) reclassified from AOCI into income	—		882			—		248

Foreign exchange contracts:
Gain or (loss) reclassified from AOCI into income	404		—			(411)		—

Derivatives Not Designated as Hedging Instruments



	Location of Gain (Loss) Recognized in Income on Derivatives (a)	Three Months Ended
		March 31
(In thousands)			2024		2023

Foreign currency exchange forward contracts	Cost of services and products sold		$	9,914	$	(3,297)

(a) These gains (losses) offset other amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Foreign Currency Exchange Forward Contracts

The Company conducts business in multiple currencies and, accordingly, is subject to the inherent risks associated with foreign exchange rate movements. Foreign currency-denominated assets and liabilities are translated into U.S. dollars at the exchange rates existing at the respective consolidated balance sheet dates, and income and expense items are translated at the average exchange rates during the respective periods.

The Company uses derivative instruments to hedge cash flows related to foreign currency fluctuations. Foreign currency exchange forward contracts outstanding are part of a worldwide program to minimize foreign currency exchange operating income and balance sheet exposure by offsetting foreign currency exposures of certain future payments between the Company and various subsidiaries, suppliers or customers. The unsecured contracts are with major financial institutions. The Company may be exposed to credit loss in the event of non-performance by the contract counterparties. The Company evaluates the creditworthiness of the counterparties and does not expect default by them. Foreign currency exchange forward contracts are used to hedge commitments, such as foreign currency debt, firm purchase commitments and foreign currency cash flows for certain export sales transactions.

Changes in the fair value of derivatives used to hedge foreign currency denominated balance sheet items are reported directly in earnings, along with offsetting transaction gains and losses on the items being hedged. Derivatives used to hedge forecasted cash flows associated with foreign currency commitments may be accounted for as cash flow hedges, as deemed appropriate, if the criteria for hedge accounting are met. Gains and losses on derivatives designated as cash flow hedges are deferred in AOCI, a separate component of equity, and reclassified to earnings in a manner that matches the timing of the earnings impact of the hedged transactions. The ineffective portion of all hedges, if any, is recognized currently in earnings.

The recognized gains and losses offset amounts recognized in cost of services and products sold principally as a result of intercompany or third-party foreign currency exposures. At March 31, 2024 and December 31, 2023, the notional amounts of foreign currency exchange forward contracts were $648.5 million and $633.3 million, respectively. These contracts are primarily denominated in British Pound Sterling and Euros and mature through 2025.

In addition to foreign currency exchange forward contracts, the Company designates certain loans as hedges of net investments in international subsidiaries. The Company recorded pre-tax net gains $0.8 million and $0.3 million for the three months ended March 31, 2024 and March 31, 2023, respectively, in OCI.

Interest Rate Swaps

The Company uses interest rate swaps in conjunction with certain variable rate debt issuances in order to secure a fixed interest rate. Changes in the fair value attributed to the effect of the swaps’ interest spread and changes in the credit worthiness of the counter-parties are recorded in OCI and are reclassified into income as interest payments are made.

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In the first quarter of 2023, the Company entered into a series of interest rate swaps with a scheduled maturity of December 2025. The swaps have the effect of converting $300.0 million of the New Term Loan from a floating interest rate to a fixed interest rate and are classified as cash flow hedges. The fixed rates provided by these swaps, ranging from 4.16% to 4.21%, replace the adjusted SOFR rate in the interest calculation.

Fair Value of Other Financial Instruments

The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities and short-term borrowings approximate fair value due to the short-term maturities of these assets and liabilities. At March 31, 2024 and December 31, 2023, the total fair value of long-term debt and current maturities, excluding deferred financing costs, was $1,436.9 million and $1,394.5 million, respectively, compared with a carrying value of $1,472.1 million and $1,429.0 million, respectively. Fair values for debt are based on pricing models using market-based inputs (Level 2) for similar issues or on the current rates offered to the Company for debt of the same remaining maturities.

15. Review of Operations by Segment


	Three Months Ended
	March 31
(In thousands)		2024		2023
Revenues
Harsco Environmental		$	299,119	$	273,189
Clean Earth		226,030		222,464
Harsco Rail		75,168		65,052

Total Revenues		$	600,317	$	560,705

Operating Income (Loss) from Continuing Operations
Harsco Environmental		$	19,588	$	22,285
Clean Earth		20,593		16,471
Harsco Rail		(9,061)		2,345
Corporate		(5,307)		(9,186)
Total Operating Income (Loss) from Continuing Operations		$	25,813	$	31,915

Depreciation
Harsco Environmental		$	28,789	$	27,560
Clean Earth		7,413		4,927
Harsco Rail		361		—
Corporate		357		552
Total Depreciation		$	36,920	$	33,039

Amortization
Harsco Environmental		$	1,018	$	999
Clean Earth		6,167		6,029
Harsco Rail		22		—
Corporate (a)		967		937
Total Amortization		$	8,174	$	7,965
Capital Expenditures
Harsco Environmental		$	20,553	$	16,551
Clean Earth		5,334		4,830
Harsco Rail		965		665
Corporate		29		100
Total Capital Expenditures		$	26,881	$	22,146

(a) Amortization expense on Corporate relates to the amortization of deferred financing costs.

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Reconciliation of Segment Operating Income to Income (Loss) From Continuing Operations before Income Taxes and Equity Income


	Three Months Ended
	March 31
(In thousands)		2024		2023
Segment operating income (loss)		$	31,120	$	41,101
General Corporate expense		(5,307)		(9,186)
Operating income (loss) from continuing operations		25,813		31,915
Interest income		1,697		1,480
Interest expense		(28,122)		(24,995)
Facility fees and debt-related income (expense)		(2,789)		(2,363)

Defined benefit pension income (expense)		(4,176)		(5,329)
Income (loss) from continuing operations before income taxes and equity income		$	(7,577)	$	708

16. Revenues

The Company recognizes revenues to depict the transfer of promised services and products to customers in an amount that reflects the consideration the Company expects to receive in exchange for those services and products. Service revenues include CE and the service components of HE and Rail. Product revenues include portions of HE and Rail.

A summary of the Company's revenues by primary geographical markets as well as by key product and service groups is as follows:



	Three Months Ended
	March 31, 2024
(In thousands)	Harsco Environmental Segment		Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	84,210	$	226,030	$	44,431	$	354,671
Western Europe	110,275		—		21,372		131,647
Latin America (b)	42,921		—		1,040		43,961
Asia-Pacific	28,915		—		8,325		37,240
Middle East and Africa	28,349		—		—		28,349
Eastern Europe	4,449		—		—		4,449
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317
Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	258,128	$	—	$	—	$	258,128
Ecoproducts	36,264		—		—		36,264
Environmental systems for aluminum dross and scrap processing	4,727		—		—		4,727
Railway track maintenance equipment	—		—		29,918		29,918
After-market parts and services; safety and diagnostic technology	—		—		30,876		30,876
Railway contracting services	—		—		14,374		14,374
Hazardous waste processing solutions	—		191,910		—		191,910
Soil and dredged materials processing and reuse solutions	—		34,120		—		34,120
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317

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	Three Months Ended
	March 31, 2023
(In thousands)	Harsco Environmental Segment		Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	78,473	$	222,464	$	44,162	$	345,099
Western Europe	101,386		—		13,187		114,573
Latin America (b)	40,955		—		604		41,559
Asia-Pacific	28,961		—		7,099		36,060
Middle East and Africa	18,405		—		—		18,405
Eastern Europe	5,009		—		—		5,009
Total Revenues	$	273,189	$	222,464	$	65,052	$	560,705


Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	229,361	$	—	$	—	$	229,361
Ecoproducts	38,402		—		—		38,402
Environmental systems for aluminum dross and scrap processing	5,426		—		—		5,426
Railway track maintenance equipment	—		—		29,444		29,444
After-market parts and services; safety and diagnostic technology	—		—		27,793		27,793
Railway contracting services	—		—		7,815		7,815
Hazardous waste processing solutions	—		186,112		—		186,112
Soil and dredged materials processing and reuse solutions	—		36,352		—		36,352
Total Revenues	$	273,189	$	222,464	$	65,052	$	560,705

(a) Revenues are attributed to individual countries based on the location of the facility generating the revenue.

(b) Includes Mexico.

The Company may receive payments in advance of earning revenue (advances on contracts), which are included in Current portion of advances on contracts and Other liabilities on the Condensed Consolidated Balance Sheets. The Company may recognize revenue in advance of being able to contractually invoice the customer (contract assets), which is included in Current portion of contract assets and Other assets on the Condensed Consolidated Balance Sheets. Contract assets are transferred to Trade accounts receivable, net, when the right to payment becomes unconditional. Contract assets and advances on contracts are reported as a net position, on a contract-by-contract basis, at the end of each reporting period. These instances are primarily related to Rail.

The Company had contract assets totaling $95.8 million and $86.9 million at March 31, 2024 and December 31, 2023, respectively. The Company had advances on contracts totaling $36.2 million and $38.6 million at March 31, 2024 and December 31, 2023, respectively. During the three months ended March 31, 2024, the Company recognized $10.7 million of revenue related to amounts previously included in advances on contracts. During the three months ended March 31, 2023, the Company recognized $11.6 million of revenue related to amounts previously included in advances on contracts.

At March 31, 2024, HE had remaining, fixed, unsatisfied performance obligations where the expected contract duration exceeds one year totaling $82.2 million. Of this amount, $21.8 million is expected to be fulfilled by March 31, 2025, $20.5 million by March 31, 2026, $15.0 million by March 31, 2027, $12.4 million by March 31, 2028 and the remainder thereafter. These amounts exclude any variable fees, fixed fees subject to indexation and any performance obligations expected to be satisfied within one year.

At March 31, 2024, Rail had remaining, fixed, unsatisfied performance obligations where the expected contract duration exceeds one year totaling $140.7 million. Of this amount, $53.4 million is expected to be fulfilled by March 31, 2025, $61.0 million by March 31, 2026, $22.6 million by March 31, 2027, and $3.7 million by March 31, 2028. These amounts exclude any variable fees, fixed fees subject to indexation and any performance obligations expected to be satisfied within one year.

The Rail Segment is currently manufacturing highly-engineered equipment under large long-term fixed-price contracts with SBB, Network Rail, and Deutsche Bahn. As previously disclosed, the Company recognized estimated forward loss provisions in 2022 and 2023 related to these contracts due to several factors, such as material and labor cost inflation, supply chain delays, the bankruptcy of a key vendor and increased engineering efforts. No provisions related to these contracts were recognized in three months ended March 31, 2024 and 2023.

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The estimated forward loss provisions represent the Company's best estimate based on currently available information. It is possible that the Company's overall estimate of liquidated damages, penalties and costs to complete these contracts may change, which could result in an additional estimated forward loss provision at such time that could be material. The Company will continue to update its estimates to complete these contracts, which will include the effect of negotiations with the customers regarding price increases, change orders and extensions to delivery schedules.

As of March 31, 2024, the contracts with Network Rail, Deutsche Bahn and the second contract with SBB are 59%, 43% and 88% complete, respectively based on costs incurred. The first contract with SBB has been completed.

The Company provides assurance type warranties primarily for product sales at Rail. These warranties are typically not priced or negotiated separately (there is no option to separately purchase the warranty) or the warranty does not provide customers with a service in addition to the assurance that the product complies with agreed-upon specifications. Accordingly, such warranties do not represent separate performance obligations.

17. Other (Income) Expenses, Net

The major components of this Condensed Consolidated Statements of Operations caption were as follows:


	Three Months Ended
	March 31
(In thousands)	2024		2023

Employee termination benefit costs	$	382	$	(26)

Other costs (income) for exit activities (a)	548		(5,728)






Net gains on sale of assets	(3,370)		(230)
Other	—		336
Other (income) expenses, net	$	(2,440)	$	(5,648)

(a) The three months ended March 31, 2023 includes a $6.8 million net gain recognized related to a lease modification that resulted in lease incentive for the Company to relocate an HE site prior to the end of the expected lease term.

18. Components of Accumulated Other Comprehensive Loss

AOCI is included on the Condensed Consolidated Statements of Stockholders' Equity. The components of AOCI, net of the effect of income taxes, and activity for the three months ended March 31, 2023 and 2024 were as follows:


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2022	$	(213,104)		$	157		$	(354,699)		$	10	$	(567,636)

OCI before reclassifications	12,446		(a)	(2,684)		(b)	(7,227)		(a)	1		2,536
Amounts reclassified from AOCI, net of tax	—			124			4,492			—		4,616



Total OCI	12,446			(2,560)			(2,735)			1		7,152
Less: OCI attributable to noncontrolling interests	(358)			—			—			—		(358)
OCI attributable to Enviri Corporation	12,088			(2,560)			(2,735)			1		6,794
Balance at March 31, 2023	$	(201,016)		$	(2,403)		$	(357,434)		$	11	$	(560,842)

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	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2023	$	(183,499)		$	(470)		$	(355,740)		$	15	$	(539,694)

OCI before reclassifications	(16,535)		(a)	2,865		(b)	2,310		(a)	2		(11,358)
Amounts reclassified from AOCI, net of tax	—			(1,002)			4,701			—		3,699



Total OCI	(16,535)			1,863			7,011			2		(7,659)
Less: OCI attributable to noncontrolling interests	821			—			—			—		821
OCI attributable to Enviri Corporation	(15,714)			1,863			7,011			2		(6,838)
Balance at March 31, 2024	$	(199,213)		$	1,393		$	(348,729)		$	17	$	(546,532)

(a) Principally foreign currency fluctuation.

(b) Net change from periodic revaluations.

Amounts reclassified from AOCI were as follows:


(In thousands)	Three Months Ended			Location on the Condensed Consolidated Statements of Operations
	March 31
		2024				2023



Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts		$	(404)	$	411	Product revenues



Interest rate swaps		(882)		(248)		Interest expense

Total before taxes		(1,286)		163
Income taxes		284		(39)
Total reclassification of cash flow hedging instruments, net of tax		$	(1,002)	$	124

Amortization of defined benefit pension items (c):
Actuarial losses		$	4,846	$	4,670	Defined benefit pension income (expense)
Prior service costs		118		114		Defined benefit pension income (expense)



Total before taxes		4,964		4,784
Income taxes		(263)		(292)
Total reclassification of defined benefit pension items, net of tax		$	4,701	$	4,492

(c) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the accompanying unaudited condensed consolidated financial statements as well as the audited consolidated financial statements of the Company, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 which includes additional information about the Company’s critical accounting policies, contractual obligations, practices and the transactions that support the financial results, and provides a more comprehensive summary of the Company’s outlook, trends and strategies for 2024 and beyond.

Forward-Looking Statements

The nature of the Company's business, together with the number of countries in which it operates, subject it to changing economic, competitive, regulatory and technological conditions, risks and uncertainties. In accordance with the "safe harbor" provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 (the "Exchange Act"), the Company provides the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from the results contemplated by forward-looking statements, including the expectations and assumptions expressed or implied herein. Forward-looking statements contained herein could include, among other things, statements about management's confidence in and strategies for performance; expectations for new and existing products, technologies and opportunities and expectations regarding growth, sales, cash flows, and earnings. Forward-looking statements can be identified by the use of such terms as "may," "could," "expect," "anticipate," "intend," "believe," "likely," "estimate," "outlook," "plan", "contemplate", "project" or other comparable terms.

Factors that could cause actual results to differ, perhaps materially, from those implied by forward-looking statements include, but are not limited to:

(1)the Company's ability to successfully enter into new contracts and complete new acquisitions, divestitures, or strategic ventures in the time-frame contemplated or at all, including the Company's ability to divest the Rail business;

(2)the Company’s inability to comply with applicable environmental laws and regulations;

(3)the Company’s inability to obtain, renew, or maintain compliance with its operating permits or license agreements;

(4)various economic, business, and regulatory risks associated with the waste management industry;

(5)the seasonal nature of the Company's business;

(6)risks caused by customer concentration, the long-term nature of customer contracts, and the competitive nature of the industries in which the Company operates;

(7)the outcome of any disputes with customers, contractors and subcontractors;

(8)the financial condition of the Company's customers, including the ability of customers (especially those that may be highly leveraged or have inadequate liquidity) to maintain their credit availability;

(9)higher than expected claims under the Company’s insurance policies, or losses that are uninsurable or that exceed existing insurance coverage;

(10)market and competitive changes, including pricing pressures, market demand and acceptance for new products, services and technologies; changes in currency exchange rates, interest rates, commodity and fuel costs and capital costs;

(11)the Company's ability to negotiate, complete, and integrate strategic transactions and joint ventures with strategic partners;

(12)the Company’s ability to effectively retain key management and employees, including due to unanticipated changes to demand for the Company’s services, disruptions associated with labor disputes, and increased operating costs associated with union organizations;

(13)the Company's inability or failure to protect its intellectual property rights from infringement in one or more of the many countries in which the Company operates;

(14)failure to effectively prevent, detect or recover from breaches in the Company's cybersecurity infrastructure;

(15)changes in the worldwide business environment in which the Company operates, including changes in general economic and industry conditions and cyclical slowdowns;

(16)fluctuations in exchange rates between the U.S. dollar and other currencies in which the Company conducts business;

(17)unforeseen business disruptions in one or more of the many countries in which the Company operates due to changes in economic conditions, changes in governmental laws and regulations, including environmental, occupational health and safety, tax and import tariff standards and amounts; political instability, civil disobedience, armed hostilities, public health issues or other calamities;

(18)liability for and implementation of environmental remediation matters;

(19)product liability and warranty claims associated with the Company’s operations;

(20)the Company’s ability to comply with financial covenants and obligations to financial counterparties;

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(21)the Company’s outstanding indebtedness and exposure to derivative financial instruments that may be impacted by, among other factors, changes in interest rates;

(22)tax liabilities and changes in tax laws;

(23)changes in the performance of equity and bond markets that could affect, among other things, the valuation of the assets in the Company's pension plans and the accounting for pension assets, liabilities and expenses;

(24)risk and uncertainty associated with intangible assets; and

(25)the other risk factors listed from time to time in the Company's SEC reports.

A further discussion of these, along with other potential risk factors, can be found in Part II, Item 1A, "Risk Factors," below, as well as in Part I, Item 1A, "Risk Factors," of the Company's Annual Report on Form 10-K for the year ended December 31, 2023. The Company cautions that these factors may not be exhaustive and that many of these factors are beyond the Company's ability to control or predict. Accordingly, forward-looking statements should not be relied upon as a prediction of actual results. The Company undertakes no duty to update forward-looking statements except as may be required by law.

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Executive Overview

The Company is a market-leading, global provider of environmental solutions for industrial, retail and medical waste streams. The name and brand identity of Enviri reflect the Company’s transformation over the past four years into an environmental solutions company that provides services to manage, recycle and beneficially reuse waste and byproduct materials across many industries. The Company has locations in approximately 30 countries, including the U.S. The Company was incorporated in 1956.

The Company's operations consist of three reportable segments: Harsco Environmental, Clean Earth and Harsco Rail. HE operates primarily under long-term contracts, providing critical environmental services and material processing to the global steel and metals industries, including zero waste solutions for manufacturing byproducts within the metals industry. CE provides specialty waste processing, treatment, recycling and beneficial reuse solutions for customers in the industrial, retail, healthcare and construction industries across a variety of waste needs, including hazardous, non-hazardous and contaminated soils and dredged materials. Rail is a provider of highly engineered maintenance equipment, after-market parts and safety and diagnostic systems and contracting solutions, which support railroad and transit customers worldwide.

The Company's Consolidated Financial Statements previously included the operating results of Rail as discontinued operations in the Consolidated Statements of Operations and the carrying value of the assets and liabilities of Rail were previously classified as Assets held-for-sale and Liabilities of assets held-for sale on the Consolidated Balance Sheets. However, since the sales process was paused and the held-for-sale criteria were no longer met as of March 31, 2024, Rail's operating results have been reclassified to continuing operations in the Consolidated Statements of Operations and its assets and liabilities have been reclassified to held-and-used in the Consolidated Balance Sheets for all periods presented.

The Company maintains a positive outlook across its businesses supported by favorable underlying growth characteristics in its businesses and investments by the Company to further supplement growth. The Company's view for 2024 and beyond is supported by the below factors, which should be considered in the context of other risks, trends and strategies in the Company's Annual Report on Form 10-K for the year ended December 31, 2023.

•HE: 2024 operating results are expected to be comparable with 2023 results, as positive impacts from higher service pricing, net of inflation, as well as operational improvement initiatives and higher environmental services demand at certain sites, including those linked to growth investments and new contracts, are expected to be offset by the impacts of lower commodity prices, the impact of foreign currency, a decrease in demand for downstream products, the sale of certain operating businesses, including Performix Metallurgical Additives, LLC, and potential site exits or closures. The global steel market has experienced a period of volatility in recent quarters due to the Russia-Ukraine conflict and the resulting energy crisis in Europe, as well as inventory management through the steel industry supply-chain and a change to the economic conditions due to rising interest rates. Underlying business conditions appear to have stabilized and these external factors are not anticipated to have a material impact on performance throughout the rest of the year. Over the longer term, the Company expects HE to grow as a result of economic growth that supports higher global steel consumption, as well as investments and innovation that support the environmental solutions needs of customers.

•CE: 2024 operating results are anticipated to improve, compared to 2023, as a result of higher services pricing, net of inflation, cost and operational improvements and an increase in environmental services demand across certain end-markets. These benefits will offset against certain favorable items, including the settlement of a pricing dispute with a customer, that occurred in 2023 and are not expected to repeat in 2024. Longer-term, the Company expects this segment to benefit from positive underlying market trends, supported by increased environmental regulation, further growth opportunities, lower-than-peer capital requirements and its attractive asset position, as well as from the less cyclical and more recurring nature of this business.

•Rail: 2024 operating results are expected to improve versus 2023, as a result of higher global demand for rail maintenance equipment, technology products and maintenance services. These benefits will be partially offset by lower contributions from after-market parts, resulting from lower volumes and a less favorable product mix. More broadly, Rail is supported by a strong backlog and the longer-term outlook for this business remains positive, supported by future infrastructure investments, economic development in emerging economies, rail electrification in certain geographies, safety awareness and automation.

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Results of Operations

Amounts included in this Part I. Item 2. Results of Operations are rounded in millions and all percentages are calculated on actual amounts. As a result, minor differences may exist due to rounding.

Segment Results


	Three Months Ended
	March 31
(in millions, except percentages)		2024			2023
Revenues:
Harsco Environmental		$	299.1		$	273.2
Clean Earth		226.0			222.5
Harsco Rail		75.2			65.1

Total Revenues		$	600.3		$	560.7
Operating income (loss):
Harsco Environmental		$	19.6		$	22.3
Clean Earth		20.6			16.5
Harsco Rail		(9.1)			2.3
Corporate		(5.3)			(9.2)
Total operating income (loss)		$	25.8		$	31.9
Operating margin:
Harsco Environmental		6.5		%	8.2		%
Clean Earth		9.1		%	7.4		%
Harsco Rail		(12.1)		%	3.6		%
Consolidated operating margin		4.3		%	5.7		%

Harsco Environmental Segment:



Significant Effects on Revenues (in millions)	Three Months Ended
Revenues — March 31, 2023	$	273.2
Net effects of price/volume changes, primarily attributable to volume changes and services mix	22.0
Impact of foreign currency translation	(2.1)
Net impact of new and lost contracts	6.0


Revenues — March 31, 2024	$	299.1

The following factors contributed to the changes in operating income during the three months ended March 31, 2024.

Factors Positively Affecting Operating Income:

•Improved business performance during the three months ended March 31, 2024 from higher revenues from environmental service contracts partially due to higher overall service levels at certain sites, as well as revenues from new contracts.

Factors Negatively Impacting Operating Income:

•Higher selling, general and administrative expenses ("SG&A") of $2.8 million during the three months ended March 31, 2024, primarily related to higher compensation costs, including incentive compensation, compared to the prior year.

•Foreign currency impacts for the three months ended March 31, 2024 negatively impacted operating income by $1.7 million, which was mostly as a result of the devaluation of the Egyptian pound and the Argentinian peso to the U.S. dollar.

•The three months ended March 31, 2023 included a net gain of $6.8 million related to a lease modification that resulted in a lease incentive for a site relocation in the U.S., offset by relocation costs incurred, which did not repeat in 2024.

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Clean Earth Segment:



Significant Effects on Revenues (in millions)	Three Months Ended
Revenues — March 31, 2023	$	222.5
Net effects of price/volume changes, primarily attributable to pricing changes	3.6

Revenues — March 31, 2024	$	226.1

The following factors contributed to the changes in operating income during the three months ended March 31, 2024.

Factors Positively Affecting Operating Income:

•Favorable changes of $6.4 million during the three months ended March 31, 2024 related to pricing and mix in the hazardous waste business, including hazardous soil projects, and operational cost reduction initiatives, partially offset by decreased revenues from reduced volumes related to projects from other waste services as well as cost increases as a result of inflation during the three months ended March 31, 2024, mainly for labor.

Factors Negatively Impacting Operating Income:

•Higher SG&A of $1.8 million during the three months ended March 31, 2024, which includes higher professional fees and compensation costs, partially offset by a reduction in the provision for expected credit losses.

Harsco Rail Segment:



Significant Effects on Revenue (in millions)	Three Months Ended
Revenues — March 31, 2023	$	65.1
Net effect of price/volume changes, primarily attributable to volume changes	10.2
Impact of foreign currency translation	(0.1)

Revenues — March 31, 2024	$	75.2

The following factors contributed to the changes in operating income (loss) during the three months ended March 31, 2024.

Factors Positively Affecting Operating Income:

•An increase from railway contracting services of $2.5 million during the three months ended March 31, 2024, when compared to the three months ended March 31, 2023.

Factors Negatively Impacting Operating Income:

•The three months March 31, 2024 includes a charge for the remeasurement of long-lived assets for $10.7 million related to the depreciation and amortization expense that would have been recognized during the periods that Rail's assets were classified as held-for-sale, had the assets been continuously classified as held-for-use.

•An unfavorable mix of after-market parts sales in the three months ended March 31, 2024 of $1.7 million, compared to the prior year.

General Corporate:

Operating income (loss) from continuing operations for the three months ended March 31, 2024 was also positively impacted by a $3.3 million net gain on sale of assets contributed by Corporate.

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Consolidated Results


		March 31
	Three Months Ended
(in millions, except per share amounts and percentages)		2024			2023
Total revenues		$	600.3		$	560.7
Cost of services and products sold		478.3			452.1
Selling, general and administrative expenses		87.1			81.9
Research and development expenses		0.9			0.5

Remeasurement of long-lived assets		10.7			—
Other expense (income), net		(2.4)			(5.6)
Operating income (loss) from continuing operations		25.8			31.9
Interest income		1.7			1.5
Interest expense		(28.1)			(25.0)
Facility fees and debt-related income (expense)		(2.8)			(2.4)

Defined benefit pension income (expense)		(4.2)			(5.3)
Income (loss) from continuing operations before income taxes and equity income		(7.6)			0.7
Income tax benefit (expense) from continuing operations		(7.9)			(8.0)
Equity income (loss) of unconsolidated entities, net		(0.2)			(0.1)
Income (loss) from continuing operations		(15.7)			(7.4)

Income (loss) from discontinued businesses		(1.5)			(1.7)
Income tax benefit (expense) related to discontinued operations		0.4			0.5
Income (loss) from discontinued operations, net of tax		(1.1)			(1.1)
Net income (loss)		(16.8)			(8.6)
Total other comprehensive income (loss)		(7.7)			7.2
Total comprehensive income (loss)		(24.5)			(1.4)
Diluted earnings (loss) per common share from continuing operations attributable to Enviri Corporation common stockholders		$	(0.21)		$	(0.11)
Effective income tax rate for continuing operations		(104.5)		%	1,132.3		%

Comparative Analysis of Consolidated Results

Total Revenues

Revenues for the three months ended March 31, 2024 increased by $39.6 million, or 7.1%, from the three months ended March 31, 2023. Foreign currency translation decreased revenues by $2.2 million for the three months ended March 31, 2024, compared with the same periods in the prior year. Refer to the discussion of segment results above for information pertaining to factors positively affecting and negatively impacting revenues.

Cost of Services and Products Sold

Cost of services and products sold for the three months ended March 31, 2024 increased $26.2 million, or 5.8%, from the three months ended March 31, 2023. The changes in cost of services and products sold were attributable to the following significant items:



(in millions)	Three Months Ended
Change in costs due to changes in revenues volume	$	23.5

Impact of foreign currency translation	(1.9)
Other	4.6

Total change in cost of services and products sold — 2024 vs. 2023	$	26.2

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Selling, General and Administrative Expenses

SG&A for the three months ended March 31, 2024 increased $5.3 million, or 6.4%, from the three months ended March 31, 2023. The increase in the three months ended March 31, 2024 is due principally to higher compensation costs of $2.0 million, primarily contributed by Rail and CE, as well as a $2.0 million increase in professional fees, mainly incurred by CE.

Remeasurement of Long-Lived Assets

During the three months ended March 31, 2024, the Company recorded $10.7 million in depreciation and amortization expense for Rail's property, plant and equipment and intangible assets that were previously classified in Assets held-for-sale and have been reclassified into its respective caption for assets-held-for-use on the Company's Consolidated Balance Sheets. This amount includes all of the depreciation and amortization expense that would have been recognized during the periods that these assets were classified as held-for-sale.

See Note 3, Discontinued Operations and Dispositions in Part I, Financial Statements for further discussion.

Other (Income) Expenses, Net

The major components of this Condensed Consolidated Statements of Operations caption are as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023

Employee termination benefit costs		$	382	$	(26)


Other (income) costs for exit activities (a)		548		(5,728)



Net gains on sale of assets		(3,370)		(230)
Other		—		336
Other (income) expenses, net		$	(2,440)	$	(5,648)

(a) Includes $6.8 million net gain related to a lease modification that resulted in a lease incentive to the Company during the three months ended March 31, 2023 as discussed above in the HE segment results.

Interest Expense

Interest expense during the three months ended March 31, 2024 increased by $3.1 million, compared with the three months ended March 31, 2023. The increase during the three months ended March 31, 2024 is mainly driven by higher weighted average interest rates and increased borrowings from the Company's Senior Secured Credit Facilities, when compared to the three months ended March 31, 2023

Facility Fees and Debt-Related Income (Expense)

The Company recognized facility fee expense of $2.8 million and $2.4 million during the three months ended March 31, 2024 and 2023, respectively, of fees primarily related to the Company's AR Facility. See Note 9, Debt and Credit Agreements, in Part I, Item 1, Financial Statements.

Defined Benefit Pension Income (Expense)

Defined benefit pension expense for the three months ended March 31, 2024 and 2023 was $4.2 million and $5.3 million, respectively. This expense decrease is primarily related to a higher expected return on plan assets in the current year, compared to 2023 due to higher plan asset balances at December 31, 2023.

Income Tax Expense

Income tax expense from continuing operations for the three months ended March 31, 2024 and 2023 was $7.9 million and $8.0 million, respectively. The decrease in expense is primarily due to a decrease in disallowed interest expense during the three months ended March 31, 2024 and business improvement in various countries with no tax expense.

Income (Loss) from Continuing Operations

Loss from continuing operations was $15.7 million and $7.4 million for the three months ended March 31, 2024 and 2023, respectively. The primary drivers for this change are noted above.

Income (Loss) from Discontinued Operations

Losses from discontinued operations include incremental costs of $1.5 million and $1.7 million incurred during the three months ended March 31, 2024 and 2023, respectively, related to costs directly attributable to retained contingent liabilities of previously disposed businesses.

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Total Other Comprehensive Income (Loss)

Total other comprehensive loss was $7.7 million for the three months ended March 31, 2024, compared with total other comprehensive income of $7.2 million for the three months ended March 31, 2023. The primary driver of this change was the fluctuation of the U.S. dollar against certain currencies, inclusive of the impact of foreign currency translation of cumulative unrecognized actuarial losses on the Company's pension obligations.

Liquidity and Capital Resources

Cash Flow Summary

The Company currently expects to have sufficient financial liquidity and borrowing capacity to support the strategies within each of its businesses and its current operating and debt service needs. The Company currently expects operational and business needs to be met by cash provided by operations, supplemented with borrowings from time to time, principally under the Senior Secured Credit Facilities. The Company supplements the cash provided by operations with borrowings from time to time due to historical patterns of seasonal cash flow and the funding of various projects. The Company regularly assesses capital needs in the context of operational trends and strategic initiatives.

The Company’s cash flows from operating, investing and financing activities, as reflected on the Condensed Consolidated Statements of Cash Flows, are summarized in the following table:


	Three Months Ended
	March 31
(In millions)	2024		2023
Net cash provided (used) by:
Operating activities	$	1.3	$	36.9
Investing activities	(23.2)		(22.5)
Financing activities	12.9		(2.2)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	(8.3)		(1.1)
Net change in cash and cash equivalents, including restricted cash	$	(17.2)	$	11.1

Net cash (used) provided by operating activities — Net cash provided by operating activities in the first three months of 2024 was $1.3 million, a decrease in cash flows of $35.6 million from the first three months of 2023, primarily related to unfavorable changes in net working capital, including changes in accrued compensation, driven mainly by higher payments made for incentive compensation compared to the prior period, the timing of payments of accounts payable and changes in contract assets, partially offset by favorable changes from the timing of accounts receivable collections. This decrease is partially offset by higher year-to-date cash net income for the current year, when compared to the prior year, due to improved business performance.

Net cash used by investing activities — Net cash used by investing activities in the first three months of 2024 was $23.2 million, an increase of $0.7 million from the cash used during the first three months of 2023, which was related to an increase in purchases of capital expenditures, principally for HE. These purchases were offset by higher proceeds received from the sale of assets, principally for Corporate.

Net cash (used) provided by financing activities — Net cash provided by financing activities in the first three months of 2024 was $12.9 million, compared to net cash used by financing activities of $2.2 million the first three months of 2023. The change was primarily due to increased net borrowings of $21.4 million in the first three months of 2024, compared to net repayments of $1.2 million during the three months ended March 31, 2023. The proceeds from net borrowings during the 2024 were primarily used to support the Company's operating activities related to the changes in operating and investing activities described above. These cash inflows were partially offset by dividend payments of $8.2 million made to strategic venture partners for HE.

Effects of exchange rate changes on cash and cash equivalents, including restricted cash — The decrease as a result of these exchange rate fluctuations is due to the impact of the strengthening of the U.S. dollar against certain currencies, primarily from the Egyptian pound, during 2024 on the global cash balances held by the Company in these currencies.

Sources and Uses of Cash

The Company’s principal sources of liquidity are cash provided by operations on an annual basis and borrowings under the Senior Secured Credit Facilities, augmented by cash proceeds from asset sales. In addition, the Company has other bank credit facilities available throughout the world. The Company expects to continue to utilize all of these sources to meet future cash requirements for operations and growth initiatives.

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Summary of Senior Secured Credit Facilities and Notes: (in millions)	March 31 2024		December 31 2023
By type:
New Term Loan	$	486.3	$	487.5
Revolving Credit Facility	457.0		422.0
5.75% Senior Notes	475.0		475.0
Total	$	1,418.3	$	1,384.5
By classification:
Current	$	5.0	$	5.0
Long-term	1,413.3		1,379.5
Total	$	1,418.3	$	1,384.5


	March 31, 2024
(In millions)	Facility Limit		Outstanding Balance		Outstanding Letters of Credit		Available Credit


Revolving credit facility (a U.S.-based program)	$	700.0	$	457.0	$	29.5	$	213.5

Debt Covenants

At March 31, 2024, the Company was in compliance with these covenants, as the total net debt to Consolidated Adjusted EBITDA ratio was 4.08x and total interest coverage ratio was 3.06x. Based on balances and covenants in effect at March 31, 2024, the Company could increase net debt by $392.7 million and remain in compliance with these debt covenants. Alternatively, Consolidated Adjusted EBITDA could decrease by $33.7 million or interest expense could increase by $12.3 million and the Company would remain in compliance with these covenants at March 31, 2024. The Company believes it will continue to maintain compliance with these covenants based on its current outlook. However, the Company’s estimates of compliance with these covenants could change in the future with a deterioration in economic conditions, higher than forecasted interest rate increases, the timing of working capital, including the collection of receivables, or an inability to successfully realize increased pricing and to implement cost reduction initiatives that mitigate the impacts of inflation and other factors that may adversely impact its realized operating margins.

AR Facility

The Company maintains a revolving trade receivables securitization facility to accelerate cash flows from trade accounts receivable. Under the AR Facility, the Company and its designated subsidiaries continuously sell their trade receivables as they are originated to the wholly-owned bankruptcy-remote SPE. The SPE transfers ownership and control of qualifying receivables to PNC up to a maximum purchase commitment of $150.0 million. No proceeds were received from the AR Facility during the three months ended March 31, 2024.

Cash Management

The Company has various cash management systems throughout the world that centralize cash in various bank accounts where it is economically justifiable and legally permissible to do so. These centralized cash balances are then redeployed to other operations to reduce short-term borrowings and to finance working capital needs or capital expenditures. Due to the transitory nature of cash balances, they are normally invested in bank deposits that can be withdrawn at will or in very liquid short-term bank time deposits and government obligations. The Company's policy is to use the largest banks in the various countries in which the Company operates. The Company monitors the creditworthiness of banks and, when appropriate, will adjust banking operations to reduce or eliminate exposure to less creditworthy banks.

Table of Contents

At March 31, 2024, the Company's consolidated cash and cash equivalents included $102.0 million held by non-U.S. subsidiaries and approximately 10.4% of the Company's consolidated cash and cash equivalents had regulatory restrictions that would preclude the transfer of funds with and among subsidiaries. Non-U.S. subsidiaries also held $26.0 million of cash and cash equivalents in consolidated strategic ventures. The strategic venture agreements may require strategic venture partner approval to transfer funds with and among subsidiaries. While the Company's remaining non-U.S. cash and cash equivalents can be transferred with and among subsidiaries, the majority of these non-U.S. cash balances will be used to support the ongoing working capital needs and continued growth of the Company's non-U.S. operations.

Recently Adopted and Recently Issued Accounting Standards

Information on recently adopted and recently issued accounting standards is included in Note 2, Recently Adopted and Recently Issued Accounting Standards, in Part I, Item 1, Financial Statements.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risks have not changed significantly from those disclosed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

As of March 31, 2024, an evaluation was performed, under the supervision and with the participation of the Company’s management, including the Company's Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures pursuant to Rule 13a – 15 under the Securities and Exchange Act of 1934, as amended. Based upon that evaluation, such officers concluded that the Company's disclosure controls and procedures are effective to ensure that information required to be disclosed by the Company in the reports it files or submits under the Securities and Exchange Act of 1934, as amended (1) is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and (2) is accumulated and communicated to the Company's management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow for timely decisions regarding required disclosure.

Changes in Internal Control Over Financial Reporting

There were no changes in the Company's internal control over financial reporting during the Company's most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.

PART II — OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

Information on legal proceedings is included in Note 12, Commitments and Contingencies, in Part I, Item 1, Financial Statements.

ITEM 1A. RISK FACTORS

The Company's risk factors as of March 31, 2024 have not changed materially from those described in Part 1, Item 1A, "Risk Factors" of the Company's Annual Report on Form 10-K for the year ended December 31, 2023.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

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ITEM 5. OTHER INFORMATION

During the three months ended March 31, 2024, no director or officer (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted, modified, or terminated a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement for the purchase or sale of securities of the Company, within the meaning of Item 408 of Regulation S-K.

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ITEM 6. EXHIBITS

The following exhibits are included as part of this report by reference:


Exhibit Number						Description

31.1						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer).*
31.2						Certification Pursuant to Rule 13a-14(a) or 15d-14(a), as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Chief Financial Officer).*
32						Certifications Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Chairman, President and Chief Executive Officer and Chief Financial Officer).**
101.Def						Definition Linkbase Document
101.Pre						Presentation Linkbase Document
101.Lab						Labels Linkbase Document
101.Cal						Calculation Linkbase Document
101.Sch						Schema Document
101.Ins						Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
104						Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

* Filed herewith

** Furnished herewith

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


									ENVIRI CORPORATION
									(Registrant)



DATE	May 2, 2024	/s/ TOM VADAKETH
		Tom Vadaketh
		Senior Vice President and Chief Financial Officer
		(On behalf of the registrant and as Principal Financial Officer)

DATE	May 2, 2024	/s/ SAMUEL C. FENICE
		Samuel C. Fenice
		Vice President and Corporate Controller
		(Principal Accounting Officer)

Exhibit 31.1

ENVIRI CORPORATION

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR 15d-14(a)

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, F. Nicholas Grasberger, III, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Enviri Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


May 2, 2024

/s/ F. NICHOLAS GRASBERGER III
F. Nicholas Grasberger III
Chairman, President and Chief Executive Officer

Exhibit 31.2

ENVIRI CORPORATION

CERTIFICATION PURSUANT TO RULE 13a-14(a) OR 15d-14(a)

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Tom Vadaketh, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Enviri Corporation;

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.


May 2, 2024

/s/ TOM VADAKETH
Tom Vadaketh
Senior Vice President and Chief Financial Officer

Exhibit 32

ENVIRI CORPORATION

CERTIFICATIONS PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Enviri Corporation (the "Company") on Form 10-Q for the period ending March 31, 2024, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), we certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of our knowledge:

(1)The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2)The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

May 2, 2024





/s/ F. NICHOLAS GRASBERGER III
F. Nicholas Grasberger III
Chairman, President and Chief Executive Officer





/s/ TOM VADAKETH
Tom Vadaketh
Senior Vice President and Chief Financial Officer

A signed original of this written statement required by Section 906 has been provided to Enviri Corporation and will be retained by Enviri Corporation and furnished to the Securities and Exchange Commission or its staff upon request.

Cover Page - shares	3 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 30, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
Document Transition Report	false
Entity File Number	001-03970
Entity Registrant Name	ENVIRI CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	23-1483991
Entity Address, Address Line One	Two Logan Square100-120 North 18th Street, 17th Floor,
Entity Address, City or Town	Philadelphia,
Entity Address, State or Province	PA
Entity Address, Postal Zip Code	19103
City Area Code	267
Local Phone Number	857-8715
Title of 12(b) Security	Common stock, par value $1.25 per share
Trading Symbol	NVRI
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		80,103,167
Entity Central Index Key	0000045876
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 103,876	$ 121,239
Restricted cash	3,532	3,375
Trade accounts receivable, net	308,213	338,187
Other receivables	33,693	40,565
Inventories	190,288	189,369
Current portion of contract assets	69,057	64,875
Prepaid expenses	53,081	58,723
Current portion of assets held-for-sale	8,282	195
Other current assets	13,627	10,828
Total current assets	783,649	827,356
Property, plant and equipment, net	688,638	707,397
Right-of-use assets, net	102,278	102,891
Goodwill	771,404	780,978
Intangible assets, net	319,522	327,983
Deferred income tax assets	15,884	16,295
Assets held-for-sale	8,873	0
Other assets	100,030	91,798
Total assets	2,790,278	2,854,698
Current liabilities:
Short-term borrowings	3,251	14,871
Current maturities of long-term debt	16,021	15,558
Accounts payable	224,509	243,279
Accrued compensation	52,947	79,609
Income taxes payable	5,172	7,567
Reserve for forward losses on contracts	46,592	52,919
Current portion of advances on contracts	35,965	38,313
Current portion of operating lease liabilities	28,569	28,775
Current portion of liabilities of assets held-for-sale	2,342	0
Other current liabilities	162,415	174,342
Total current liabilities	577,783	655,233
Long-term debt	1,444,883	1,401,437
Retirement plan liabilities	44,866	45,087
Operating lease liabilities	75,151	75,476
Environmental liabilities	25,253	25,682
Deferred tax liabilities	33,651	29,160
Other liabilities	42,567	47,215
Total liabilities	2,244,154	2,279,290
COMMITMENTS AND CONTINGENCIES
HARSCO CORPORATION STOCKHOLDERS' EQUITY
Common stock	146,548	146,105
Additional paid-in capital	241,833	238,416
Accumulated other comprehensive loss	(546,532)	(539,694)
Retained earnings	1,510,358	1,528,320
Treasury stock	(851,266)	(849,996)
Total Enviri Corporation stockholders’ equity	500,941	523,151
Noncontrolling interests	45,183	52,257
Total equity	546,124	575,408
Total liabilities and equity	$ 2,790,278	$ 2,854,698

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues from continuing operations:
Total revenues	$ 600,317	$ 560,705
Costs and expenses from continuing operations:
Selling, general and administrative expenses	87,126	81,861
Research and development expenses	861	520
Remeasurement of long-lived assets	10,695	0
Other expense (income), net	(2,440)	(5,648)
Total costs and expenses	574,504	528,790
Operating income (loss) from continuing operations	25,813	31,915
Interest income	1,697	1,480
Interest expense	(28,122)	(24,995)
Facility fees and debt-related income (expense)	(2,789)	(2,363)
Defined benefit pension income (expense)	(4,176)	(5,329)
Income (loss) from continuing operations before income taxes and equity income	(7,577)	708
Income tax benefit (expense) from continuing operations	(7,915)	(8,017)
Equity income (loss) of unconsolidated entities, net	(249)	(133)
Income (loss) from continuing operations	(15,741)	(7,442)
Discontinued operations:
Income (loss) from discontinued businesses	(1,492)	(1,655)
Income tax benefit (expense) from discontinued businesses	387	507
Income (loss) from discontinued operations, net of tax	(1,105)	(1,148)
Net income (loss)	(16,846)	(8,590)
Less: Net loss (income) attributable to noncontrolling interests	(1,116)	(935)
Net income (loss) attributable to Enviri Corporation	(17,962)	(9,525)
Amounts attributable to Enviri Corporation common stockholders:
Income (loss) from continuing operations, net of tax	(16,857)	(8,377)
Income (loss) from discontinued operations, net of tax	(1,105)	(1,148)
Net income (loss) attributable to Enviri Corporation	$ (17,962)	$ (9,525)
Weighted-average shares of common stock outstanding (in shares)	79,945	79,633
Basic earnings (loss) per common share attributable to Enviri Corporation common stockholders:
Continuing operations (in dollars per share)	$ (0.21)	$ (0.11)
Discontinued operations (in dollars per share)	(0.01)	(0.01)
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share)	$ (0.22)	$ (0.12)
Diluted weighted-average shares of common stock outstanding (in shares)	79,945	79,633
Diluted earnings (loss) per common share attributable to Enviri Corporation common stockholders:
Continuing operations (in dollars per share)	$ (0.21)	$ (0.11)
Discontinued operations (in dollars per share)	(0.01)	(0.01)
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share)	$ (0.22)	$ (0.12)
Product Revenues
Revenues from continuing operations:
Total revenues	$ 101,163	$ 99,145
Costs and expenses from continuing operations:
Cost of services and products sold	85,410	82,549
Service Revenues
Revenues from continuing operations:
Total revenues	499,154	461,560
Costs and expenses from continuing operations:
Cost of services and products sold	$ 392,852	$ 369,508

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ (16,846)	$ (8,590)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of deferred income taxes	(16,535)	12,446
Net gain (loss) on cash flow hedging instruments, net of deferred income taxes	1,863	(2,560)
Pension liability adjustments, net of deferred income taxes	7,011	(2,735)
Unrealized gain (loss) on marketable securities, net of deferred income taxes	2	1
Total other comprehensive income (loss)	(7,659)	7,152
Total comprehensive income (loss)	(24,505)	(1,438)
Less: Comprehensive (income) loss attributable to noncontrolling interests	(295)	(1,293)
Comprehensive income (loss) attributable to Enviri Corporation	$ (24,800)	$ (2,731)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Foreign currency translation adjustments, deferred income taxes	$ (481)	$ 1,472
Net gain (loss) on cash flow hedging instruments, deferred income taxes	(655)	847
Pension liability adjustments, deferred income taxes	(296)	(418)
Unrealized gain (loss) on marketable securities, deferred income taxes	$ (1)	$ 0

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Cash flows from operating activities:
Net income (loss)	$ (16,846)		$ (8,590)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation	36,920		33,039
Amortization	8,174		7,965
Deferred income tax (benefit) expense	3,445		(56)
Equity (income) loss of unconsolidated entities, net	249		133
Remeasurement of long-lived assets	10,695	$ 10,700	0
Other, net	772		1,009
Changes in assets and liabilities, net of acquisitions and dispositions of businesses:
Accounts receivable	24,426		(14,533)
Inventories	(5,297)		(8,534)
Contract assets	(9,199)		11,698
Right-of-use assets	8,599		7,842
Accounts payable	(13,751)		17,735
Accrued interest payable	(6,820)		(6,998)
Accrued compensation	(25,531)		7,343
Advances on contracts	(1,618)		(5,591)
Operating lease liabilities	(8,212)		(7,202)
Retirement plan liabilities, net	(340)		814
Other assets and liabilities	(4,318)		838
Net cash (used) provided by operating activities	1,348		36,912
Cash flows from investing activities:
Purchases of property, plant and equipment	(26,881)		(22,146)
Proceeds from sales of assets	4,313		823
Expenditures for intangible assets	(77)		(36)
Net proceeds (payments) from settlement of foreign currency forward exchange contracts	(602)		(1,212)
Other investing activities, net	1		32
Net cash used by investing activities	(23,246)		(22,539)
Cash flows from financing activities:
Short-term borrowings, net	(9,003)		(3,029)
Current maturities and long-term debt:
Additions	35,323		59,000
Reductions	(4,967)		(57,200)
Dividends paid to noncontrolling interests	(8,243)		0
Contributions from noncontrolling interests	874		0
Stock-based compensation - Employee taxes paid	(1,040)		(930)
Other financing activities, net	(1)		0
Net cash (used) provided by financing activities	12,943		(2,159)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	(8,251)		(1,072)
Net increase (decrease) in cash and cash equivalents, including restricted cash	(17,206)		11,142
Cash and cash equivalents, including restricted cash, at beginning of period	124,614		85,094
Cash and cash equivalents, including restricted cash, at end of period	107,408	$ 124,614	96,236
Supplementary cash flow information:
Change in accrual for purchases of property, plant and equipment included in accounts payable	$ 120		$ 7,524

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock Issued	Common Stock Treasury	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interests
Beginning balance at Dec. 31, 2022	$ 623,042	$ 145,448	$ (848,570)	$ 225,759	$ 1,614,441	$ (567,636)	$ 53,600
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(8,590)				(9,525)		935
Total other comprehensive income	7,152					6,794	358
Sale of subsidiary shares to noncontrolling interest	0			398			(398)
Vesting of restricted stock units and other stock grants, net	(1,108)	395	(1,108)	(395)
Amortization of unearned portion of stock-based compensation, net of forfeitures	3,456			3,456
Ending balance at Mar. 31, 2023	623,952	145,843	(849,678)	229,218	1,604,916	(560,842)	54,495
Beginning balance at Dec. 31, 2023	575,408	146,105	(849,996)	238,416	1,528,320	(539,694)	52,257
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(16,846)				(17,962)		1,116
Noncontrolling interests	(8,243)						(8,243)
Total other comprehensive income	(7,659)					(6,838)	(821)
Contributions from noncontrolling interests	874						874
Vesting of restricted stock units and other stock grants, net	(1,270)	443	(1,270)	(443)
Amortization of unearned portion of stock-based compensation, net of forfeitures	3,860			3,860
Ending balance at Mar. 31, 2024	$ 546,124	$ 146,548	$ (851,266)	$ 241,833	$ 1,510,358	$ (546,532)	$ 45,183

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Total other comprehensive income, deferred income taxes	$ (1,433)	$ 1,901
Vesting of restricted stock units and other stock grants (in shares)	201,053	177,574

Basis of Presentation	3 Months Ended
Basis of Presentation	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Company has prepared these unaudited condensed consolidated financial statements in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the SEC. Accordingly, the unaudited Condensed Consolidated Financial Statements do not include all information and disclosure required by U.S. GAAP for annual financial statements. The December 31, 2023 Condensed Consolidated Balance Sheet information contained in this Quarterly Report on Form 10-Q was derived from the 2023 audited consolidated financial statements. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, all adjustments (all of which are of a normal recurring nature) that are necessary for a fair statement are reflected in these unaudited Condensed Consolidated Financial Statements. Liquidity The Company’s cash flow forecasts, combined with existing cash and cash equivalents and borrowings available under the Senior Secured Credit Facilities, indicate sufficient liquidity to fund the Company’s operations for at least the next twelve months. As such, the Company’s unaudited Consolidated Financial Statements have been prepared on the basis that it will continue as a going concern for a period extending beyond twelve months from the date the unaudited Consolidated Financial Statements are issued. This assessment includes the expected ability to meet required financial covenants and the continued ability to draw down on the Senior Secured Credit Facilities (see Note 9, Debt and Credit Agreements). Reclassifications During the three months ended March 31, 2024, the Company determined that the held-for-sale criteria for Rail was no longer met and, as a result, the Company made reclassifications to prior year amounts previously classified as discontinued operations and assets held-for-sale in the Company's Consolidated Statements of Operations and Consolidated Balance Sheets, along with the accompanying notes to the Company's Consolidated Financial Statements. See Note 3, Discontinued Operations and Dispositions for further details.

Recently Adopted and Recently Issued Accounting Standards	3 Months Ended
	Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract]
Recently Adopted and Recently Issued Accounting Standards	Recently Adopted and Recently Issued Accounting Standards The Company has not adopted any accounting standards during the first quarter in 2024: The following accounting standards have been issued and become effective for the Company at a future date: In November 2023, the FASB issued changes that require expansion of annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The changes become effective starting with the Company's annual financial statements for the year ended December 31, 2024. The Company is currently evaluating the impact that this change will have on the Company's disclosures. In December 2023, the FASB issued changes which require greater disaggregation of income tax disclosures related to the income tax rate reconciliation and income taxes paid. The changes become effective starting with the Company's annual financial statements for the year ended December 31, 2025. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that this change will have on the Company's disclosures.

Discontinued Operations and Dispositions

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Dispositions

Harsco Rail Segment

The reclassification of the Rail business's balance sheet positions as of December 31, 2023 had the following impacts on the Condensed Consolidated Balance Sheets and are summarized as follows:


(in thousands)	December 31 2023
Trade accounts receivable, net	$	57,415
Other receivables	6,708
Inventories	103,077
Current portion of contract assets	56,341
Prepaid expenses	28,797
Other current assets	2,895
Property, plant and equipment, net	44,113
Right-of-use assets, net	7,050
Goodwill	13,026
Intangible assets, net	3,122
Deferred income tax assets	973

Other assets	22,792
Total assets	$	346,309

Accounts payable	$	44,703
Accrued compensation	6,056
Income taxes payable	1,434
Current portion of operating lease liabilities	3,656
Current portion of advances on contracts	32,912
Reserve for forward losses on contracts	52,725
Other current liabilities	30,550

Operating lease liabilities	3,331
Deferred tax liabilities	350
Other liabilities	494
Total liabilities	$	176,211

The reclassification of the results of the Rail business to continuing operations had the following impacts on the Consolidated Statement of Operations for the three months ended March 31, 2023:


	Three Months Ended
	March 31
(In thousands)		2023
Service revenues		$	7,720
Product revenues		57,332
Total revenues		65,052
Cost of services sold		5,626
Cost of products sold		45,743
Total cost of sales		51,369
Selling, general and administrative expenses		9,926
Research and development expenses		344
Other expense (income)		503
Total costs and expenses		62,142
Operating income from continuing operations		2,910
Interest income		25
Interest expense		(667)
Defined benefit pension income		6
Income (loss) from continuing operations before income taxes		2,274
Income tax benefit (expense) from continuing operations		(1,094)
Income (loss) from continuing operations		$	1,180

Harsco Environmental Segment

Other

Discontinued operations include costs directly attributable to retained contingent liabilities of other previously disposed businesses.

Accounts Receivable and Note Receivable

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Accounts Receivable and Note Receivable

Accounts receivable consist of the following:


(In thousands)	March 31 2024		December 31 2023
Trade accounts receivable	$	322,102	$	353,709
Less: Allowance for expected credit losses	(13,889)		(15,522)

Trade accounts receivable, net	$	308,213	$	338,187

Other receivables (a)	$	33,693	$	40,565

(a) Other receivables include employee receivables, insurance receivable, tax claims and refunds and other miscellaneous items not included in Trade accounts receivable, net.

The provision for expected credit losses related to trade accounts receivable was as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Provision for expected credit losses related to trade accounts receivable		$	(167)	$	507

At March 31, 2024, $14.7 million of the Company's trade accounts receivable were past due by twelve months or more, with $9.3 million of this amount reserved.

Accounts Receivable Securitization Facility

The Company received proceeds of $5.0 million from the AR Facility in the first quarter of 2023.

Factoring Arrangements


(In millions)	March 31 2024		December 31 2023
Net amounts sold under factoring arrangements	$	14.7	$	16.1
Program capacities	32.0		32.6

Note Receivable


(In millions)	March 31 2024		December 31 2023
Note receivable, at amortized cost	$	14.3	$	14.0
Note receivable, fair value	15.8		15.4

Inventories

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:


(In thousands)	March 31 2024		December 31 2023
Finished goods	$	16,430	$	16,171
Work-in-process	10,715		13,081

Raw materials and purchased parts	116,073		114,046
Stores and supplies	47,070		46,071
Total inventories	$	190,288	$	189,369

Property, Plant and Equipment

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment

Property, plant and equipment ("PP&E") consist of the following:


(In thousands)	March 31 2024		December 31 2023
Land and improvements	$	92,269	$	93,793

Buildings and improvements	239,651		243,472
Machinery and equipment	1,690,555		1,729,637
Uncompleted construction	66,436		66,241
Gross property, plant and equipment	2,088,911		2,133,143
Less: Accumulated depreciation	(1,400,273)		(1,425,746)
Property, plant and equipment, net	$	688,638	$	707,397

Leases

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Leases

The components of lease expense were as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Finance leases:
Depreciation expense		$	2,578	$	1,541
Interest on lease liabilities		815		354
Operating leases		9,832		9,478
Variable and short-term lease expense		14,044		12,630
Sublease income		(2)		(2)
Total lease expense		$	27,267	$	24,001

Leases

The components of lease expense were as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Finance leases:
Depreciation expense		$	2,578	$	1,541
Interest on lease liabilities		815		354
Operating leases		9,832		9,478
Variable and short-term lease expense		14,044		12,630
Sublease income		(2)		(2)
Total lease expense		$	27,267	$	24,001

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets The Company tests for goodwill impairment annually, or more frequently if indicators of impairment exist, or if a decision is made to dispose of a business. The Company performs its annual goodwill impairment test as of October 1 and monitors for triggering events on an ongoing basis. During the three months ended March 31, 2024, the Company determined that there were no events or indicators present that would indicate that it was more-likely-than-not that its reporting units' fair values were less than their carrying amounts, which would require a further interim impairment analysis. However, unfavorable economic conditions, including continued cost inflation and labor shortages, as well as rising interest rates, could impact the Company's future projected cash flows and discount rates used to estimate fair value, which could result in an impairment charge to any of the Company's reporting units in a future period.

Debt and Credit Agreements

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Debt and Credit Agreements

Long-term debt consists of the following:


(In thousands)	March 31 2024		December 31 2023

Senior Secured Credit Facilities:
New Term Loan	$	486,250	$	487,500


Revolving Credit Facility	457,000		422,000
5.75% Senior Notes	475,000		475,000
Other financing payable (including finance leases) in varying amounts	53,810		44,469
Total debt obligations	1,472,060		1,428,969
Less: deferred financing costs	(11,156)		(11,974)
Total debt obligations, net of deferred financing costs	1,460,904		1,416,995
Less: current maturities of long-term debt	(16,021)		(15,558)
Long-term debt	$	1,444,883	$	1,401,437

Facility Fees and Debt-Related Income (Expense)

The components of the Condensed Consolidated Statements of Operations caption Facility fees and debt-related income (expense) were as follows:


	Three Months Ended
	March 31
(In thousands)	2024		2023

Unused debt commitment and amendment fees	$	—	$	(12)
Securitization and factoring fees	(2,789)		(2,351)
Facility fees and debt-related income (expense)	$	(2,789)	$	(2,363)

Employee Benefit Plans

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Employee Benefit Plans



	Three Months Ended
	March 31
Defined Benefit Pension Plan Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2024		2023		2024		2023
Service costs	$	—	$	—	$	338	$	313
Interest costs	2,419		2,543		7,460		7,429
Expected return on plan assets	(2,236)		(1,750)		(8,370)		(7,678)
Recognized prior service costs	—		—		118		114
Recognized actuarial losses	1,045		1,151		3,801		3,519

Defined benefit pension plan net periodic pension cost (benefit)	$	1,228	$	1,944	$	3,347	$	3,697

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income tax expense from continuing operations for the three months ended March 31, 2024 and 2023 was $7.9 million and $8.0 million, respectively. The decrease in expense for the three months ended March 31, 2024, compared with the three months ended March 31, 2023, is primarily due to a decrease in disallowed interest expense and business improvement in various countries with no tax expense. For the three months ended March 31, 2024, the Company calculated its quarterly tax provision based on its best estimate of the full year tax rate applicable to the quarter. For the three months ended March 31, 2023, due to the insignificant amount of pre-tax book loss relative to the size of permanent book-tax differences and a varying net income (loss) pattern projected for the year, the Company’s tax provision estimate was determined using an actual year-to-date method. The reserve for uncertain tax positions on March 31, 2024 and December 31, 2023 was $3.4 million, including interest and penalties. Within the next twelve months, it is reasonably possible that $0.6 million in unrecognized income tax benefits will be recognized upon settlement of tax examinations and the expiration of various statutes of limitations.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Environmental

The following table summarizes information related to the location and undiscounted amount of the Company's environmental liabilities:


(In thousands)	March 31 2024		December 31 2023
Current portion of environmental liabilities (a)	$	7,395	$	7,540
Long-term environmental liabilities	25,253		25,682
Total environmental liabilities	$	32,648	$	33,222

(a) The current portion of environmental liabilities is included in the caption Other current liabilities on the Condensed Consolidated Balance Sheets.

Legal Proceedings

DEA Investigation

Brazilian Tax Disputes

Asbestos Actions

Other

Reconciliation of Basic and Diluted Shares

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of Basic and Diluted Shares


	Three Months Ended
	March 31
(In thousands, except per share amounts)	2024		2023
Income (loss) from continuing operations attributable to Enviri Corporation common stockholders	$	(16,857)	$	(8,377)
Weighted-average shares outstanding:
Weighted-average shares outstanding - basic	79,945		79,633
Dilutive effect of stock-based compensation	—		—
Weighted-average shares outstanding - diluted	79,945		79,633

Earnings (loss) from continuing operations per common share, attributable to Enviri Corporation common stockholders:
Basic	$	(0.21)	$	(0.11)

Diluted	$	(0.21)	$	(0.11)


	Three Months Ended
	March 31
(In thousands)		2024	2023
Restricted stock units		1,686	1,000

Stock appreciation rights		2,890	2,473
Performance share units		1,880	1,394

Derivative Instruments, Hedging Activities and Fair Value

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments, Hedging Activities and Fair Value

Derivative Instruments and Hedging Activities

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
March 31, 2024
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	101	$	4,443	$	4,544
Interest rate swaps	Other current assets	2,202		—		2,202

Total		$	2,303	$	4,443	$	6,746

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	388	$	394	$	782

Interest rate swaps	Other liabilities	210		—		210
Total		$	598	$	394	$	992

December 31, 2023
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	77	$	1,597	$	1,674


Interest rate swaps	Other current assets	1,443		—		1,443

Total		$	1,520	$	1,597	$	3,117

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	561	$	8,064	$	8,625

Interest rate swaps	Other liabilities	2,150		—		2,150
Total		$	2,711	$	8,064	$	10,775

The effect of derivative instruments on the Company's Condensed Consolidated Statements of Comprehensive Income (Loss) was as follows:

Derivatives Designated as Hedging


	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended				Three Months Ended
	March 31				March 31
(In thousands)	2024		2023		2024		2023
Foreign currency exchange forward contracts	$	223	$	(682)	$	(404)	$	411


Interest rate swaps	3,581		(2,887)		(882)		(248)

	$	3,804	$	(3,569)	$	(1,286)	$	163

The location and amount of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended
	March 31
	2024				2023
(In thousands)	Product Revenues		Interest Expense			Product Revenues		Interest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded	$	101,163	$	(28,122)		$	99,145	$	(24,995)
Interest rate swaps:
Gain or (loss) reclassified from AOCI into income	—		882			—		248

Foreign exchange contracts:
Gain or (loss) reclassified from AOCI into income	404		—			(411)		—

Derivatives Not Designated as Hedging Instruments



	Location of Gain (Loss) Recognized in Income on Derivatives (a)	Three Months Ended
		March 31
(In thousands)			2024		2023

Foreign currency exchange forward contracts	Cost of services and products sold		$	9,914	$	(3,297)

(a) These gains (losses) offset other amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Foreign Currency Exchange Forward Contracts

Interest Rate Swaps

Fair Value of Other Financial Instruments

Review of Operations by Segment

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Review of Operations by Segment


	Three Months Ended
	March 31
(In thousands)		2024		2023
Revenues
Harsco Environmental		$	299,119	$	273,189
Clean Earth		226,030		222,464
Harsco Rail		75,168		65,052

Total Revenues		$	600,317	$	560,705

Operating Income (Loss) from Continuing Operations
Harsco Environmental		$	19,588	$	22,285
Clean Earth		20,593		16,471
Harsco Rail		(9,061)		2,345
Corporate		(5,307)		(9,186)
Total Operating Income (Loss) from Continuing Operations		$	25,813	$	31,915

Depreciation
Harsco Environmental		$	28,789	$	27,560
Clean Earth		7,413		4,927
Harsco Rail		361		—
Corporate		357		552
Total Depreciation		$	36,920	$	33,039

Amortization
Harsco Environmental		$	1,018	$	999
Clean Earth		6,167		6,029
Harsco Rail		22		—
Corporate (a)		967		937
Total Amortization		$	8,174	$	7,965
Capital Expenditures
Harsco Environmental		$	20,553	$	16,551
Clean Earth		5,334		4,830
Harsco Rail		965		665
Corporate		29		100
Total Capital Expenditures		$	26,881	$	22,146

(a) Amortization expense on Corporate relates to the amortization of deferred financing costs.

Reconciliation of Segment Operating Income to Income (Loss) From Continuing Operations before Income Taxes and Equity Income


	Three Months Ended
	March 31
(In thousands)		2024		2023
Segment operating income (loss)		$	31,120	$	41,101
General Corporate expense		(5,307)		(9,186)
Operating income (loss) from continuing operations		25,813		31,915
Interest income		1,697		1,480
Interest expense		(28,122)		(24,995)
Facility fees and debt-related income (expense)		(2,789)		(2,363)

Defined benefit pension income (expense)		(4,176)		(5,329)
Income (loss) from continuing operations before income taxes and equity income		$	(7,577)	$	708

Revenue Recognition

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenues

A summary of the Company's revenues by primary geographical markets as well as by key product and service groups is as follows:



	Three Months Ended
	March 31, 2024
(In thousands)	Harsco Environmental Segment		Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	84,210	$	226,030	$	44,431	$	354,671
Western Europe	110,275		—		21,372		131,647
Latin America (b)	42,921		—		1,040		43,961
Asia-Pacific	28,915		—		8,325		37,240
Middle East and Africa	28,349		—		—		28,349
Eastern Europe	4,449		—		—		4,449
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317
Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	258,128	$	—	$	—	$	258,128
Ecoproducts	36,264		—		—		36,264
Environmental systems for aluminum dross and scrap processing	4,727		—		—		4,727
Railway track maintenance equipment	—		—		29,918		29,918
After-market parts and services; safety and diagnostic technology	—		—		30,876		30,876
Railway contracting services	—		—		14,374		14,374
Hazardous waste processing solutions	—		191,910		—		191,910
Soil and dredged materials processing and reuse solutions	—		34,120		—		34,120
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317



	Three Months Ended
	March 31, 2023
(In thousands)	Harsco Environmental Segment		Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	78,473	$	222,464	$	44,162	$	345,099
Western Europe	101,386		—		13,187		114,573
Latin America (b)	40,955		—		604		41,559
Asia-Pacific	28,961		—		7,099		36,060
Middle East and Africa	18,405		—		—		18,405
Eastern Europe	5,009		—		—		5,009
Total Revenues	$	273,189	$	222,464	$	65,052	$	560,705


Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	229,361	$	—	$	—	$	229,361
Ecoproducts	38,402		—		—		38,402
Environmental systems for aluminum dross and scrap processing	5,426		—		—		5,426
Railway track maintenance equipment	—		—		29,444		29,444
After-market parts and services; safety and diagnostic technology	—		—		27,793		27,793
Railway contracting services	—		—		7,815		7,815
Hazardous waste processing solutions	—		186,112		—		186,112
Soil and dredged materials processing and reuse solutions	—		36,352		—		36,352
Total Revenues	$	273,189	$	222,464	$	65,052	$	560,705

(a) Revenues are attributed to individual countries based on the location of the facility generating the revenue.

(b) Includes Mexico.

Other (Income) Expenses, Net

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Other (Income) Expenses, Net

The major components of this Condensed Consolidated Statements of Operations caption were as follows:


	Three Months Ended
	March 31
(In thousands)	2024		2023

Employee termination benefit costs	$	382	$	(26)

Other costs (income) for exit activities (a)	548		(5,728)






Net gains on sale of assets	(3,370)		(230)
Other	—		336
Other (income) expenses, net	$	(2,440)	$	(5,648)

Components of Accumulated Other Comprehensive Loss

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Components of Accumulated Other Comprehensive Loss


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2022	$	(213,104)		$	157		$	(354,699)		$	10	$	(567,636)

OCI before reclassifications	12,446		(a)	(2,684)		(b)	(7,227)		(a)	1		2,536
Amounts reclassified from AOCI, net of tax	—			124			4,492			—		4,616



Total OCI	12,446			(2,560)			(2,735)			1		7,152
Less: OCI attributable to noncontrolling interests	(358)			—			—			—		(358)
OCI attributable to Enviri Corporation	12,088			(2,560)			(2,735)			1		6,794
Balance at March 31, 2023	$	(201,016)		$	(2,403)		$	(357,434)		$	11	$	(560,842)


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2023	$	(183,499)		$	(470)		$	(355,740)		$	15	$	(539,694)

OCI before reclassifications	(16,535)		(a)	2,865		(b)	2,310		(a)	2		(11,358)
Amounts reclassified from AOCI, net of tax	—			(1,002)			4,701			—		3,699



Total OCI	(16,535)			1,863			7,011			2		(7,659)
Less: OCI attributable to noncontrolling interests	821			—			—			—		821
OCI attributable to Enviri Corporation	(15,714)			1,863			7,011			2		(6,838)
Balance at March 31, 2024	$	(199,213)		$	1,393		$	(348,729)		$	17	$	(546,532)

(a) Principally foreign currency fluctuation.

(b) Net change from periodic revaluations.

Amounts reclassified from AOCI were as follows:


(In thousands)	Three Months Ended			Location on the Condensed Consolidated Statements of Operations
	March 31
		2024				2023



Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts		$	(404)	$	411	Product revenues



Interest rate swaps		(882)		(248)		Interest expense

Total before taxes		(1,286)		163
Income taxes		284		(39)
Total reclassification of cash flow hedging instruments, net of tax		$	(1,002)	$	124

Amortization of defined benefit pension items (c):
Actuarial losses		$	4,846	$	4,670	Defined benefit pension income (expense)
Prior service costs		118		114		Defined benefit pension income (expense)



Total before taxes		4,964		4,784
Income taxes		(263)		(292)
Total reclassification of defined benefit pension items, net of tax		$	4,701	$	4,492

(c) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.

Basis of Presentation (Policies)	3 Months Ended
Basis of Presentation (Policies)	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The Company has prepared these unaudited condensed consolidated financial statements in accordance with U.S. GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X of the SEC. Accordingly, the unaudited Condensed Consolidated Financial Statements do not include all information and disclosure required by U.S. GAAP for annual financial statements. The December 31, 2023 Condensed Consolidated Balance Sheet information contained in this Quarterly Report on Form 10-Q was derived from the 2023 audited consolidated financial statements. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements, including the notes thereto, included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In the opinion of management, all adjustments (all of which are of a normal recurring nature) that are necessary for a fair statement are reflected in these unaudited Condensed Consolidated Financial Statements.
Liquidity	Liquidity The Company’s cash flow forecasts, combined with existing cash and cash equivalents and borrowings available under the Senior Secured Credit Facilities, indicate sufficient liquidity to fund the Company’s operations for at least the next twelve months. As such, the Company’s unaudited Consolidated Financial Statements have been prepared on the basis that it will continue as a going concern for a period extending beyond twelve months from the date the unaudited Consolidated Financial Statements are issued. This assessment includes the expected ability to meet required financial covenants and the continued ability to draw down on the Senior Secured Credit Facilities (see Note 9, Debt and Credit Agreements).
Reclassifications	Reclassifications During the three months ended March 31, 2024, the Company determined that the held-for-sale criteria for Rail was no longer met and, as a result, the Company made reclassifications to prior year amounts previously classified as discontinued operations and assets held-for-sale in the Company's Consolidated Statements of Operations and Consolidated Balance Sheets, along with the accompanying notes to the Company's Consolidated Financial Statements. See Note 3, Discontinued Operations and Dispositions for further details.
Recently Adopted and Recently Issued Accounting Standards	Recently Adopted and Recently Issued Accounting Standards The Company has not adopted any accounting standards during the first quarter in 2024: The following accounting standards have been issued and become effective for the Company at a future date: In November 2023, the FASB issued changes that require expansion of annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The changes become effective starting with the Company's annual financial statements for the year ended December 31, 2024. The Company is currently evaluating the impact that this change will have on the Company's disclosures. In December 2023, the FASB issued changes which require greater disaggregation of income tax disclosures related to the income tax rate reconciliation and income taxes paid. The changes become effective starting with the Company's annual financial statements for the year ended December 31, 2025. The guidance should be applied on a prospective basis with the option to apply the standard retrospectively. Early adoption is permitted. The Company is currently evaluating the impact that this change will have on the Company's disclosures.

Discontinued Operations and Dispositions (Tables)

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

Balance sheet positions and financial information included in net income from discontinued operations and statements of cash flows

The reclassification of the Rail business's balance sheet positions as of December 31, 2023 had the following impacts on the Condensed Consolidated Balance Sheets and are summarized as follows:


(in thousands)	December 31 2023
Trade accounts receivable, net	$	57,415
Other receivables	6,708
Inventories	103,077
Current portion of contract assets	56,341
Prepaid expenses	28,797
Other current assets	2,895
Property, plant and equipment, net	44,113
Right-of-use assets, net	7,050
Goodwill	13,026
Intangible assets, net	3,122
Deferred income tax assets	973

Other assets	22,792
Total assets	$	346,309

Accounts payable	$	44,703
Accrued compensation	6,056
Income taxes payable	1,434
Current portion of operating lease liabilities	3,656
Current portion of advances on contracts	32,912
Reserve for forward losses on contracts	52,725
Other current liabilities	30,550

Operating lease liabilities	3,331
Deferred tax liabilities	350
Other liabilities	494
Total liabilities	$	176,211

The reclassification of the results of the Rail business to continuing operations had the following impacts on the Consolidated Statement of Operations for the three months ended March 31, 2023:


	Three Months Ended
	March 31
(In thousands)		2023
Service revenues		$	7,720
Product revenues		57,332
Total revenues		65,052
Cost of services sold		5,626
Cost of products sold		45,743
Total cost of sales		51,369
Selling, general and administrative expenses		9,926
Research and development expenses		344
Other expense (income)		503
Total costs and expenses		62,142
Operating income from continuing operations		2,910
Interest income		25
Interest expense		(667)
Defined benefit pension income		6
Income (loss) from continuing operations before income taxes		2,274
Income tax benefit (expense) from continuing operations		(1,094)
Income (loss) from continuing operations		$	1,180

Accounts Receivable and Note Receivable (Tables)

3 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Schedule of accounts receivable

Accounts receivable consist of the following:


(In thousands)	March 31 2024		December 31 2023
Trade accounts receivable	$	322,102	$	353,709
Less: Allowance for expected credit losses	(13,889)		(15,522)

Trade accounts receivable, net	$	308,213	$	338,187

Other receivables (a)	$	33,693	$	40,565

(a) Other receivables include employee receivables, insurance receivable, tax claims and refunds and other miscellaneous items not included in Trade accounts receivable, net.


(In millions)	March 31 2024		December 31 2023
Note receivable, at amortized cost	$	14.3	$	14.0
Note receivable, fair value	15.8		15.4

Schedule of provision for doubtful accounts related to trade accounts receivable

The provision for expected credit losses related to trade accounts receivable was as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Provision for expected credit losses related to trade accounts receivable		$	(167)	$	507

Shedule of Net Amounts Sold and Program Capacities

The following table reflects balances for net amounts sold and program capacities for the arrangements:


(In millions)	March 31 2024		December 31 2023
Net amounts sold under factoring arrangements	$	14.7	$	16.1
Program capacities	32.0		32.6

Inventories (Tables)

3 Months Ended

Mar. 31, 2024

Inventory Disclosure [Abstract]

Schedule of inventories

Inventories consist of the following:


(In thousands)	March 31 2024		December 31 2023
Finished goods	$	16,430	$	16,171
Work-in-process	10,715		13,081

Raw materials and purchased parts	116,073		114,046
Stores and supplies	47,070		46,071
Total inventories	$	190,288	$	189,369

Property, Plant and Equipment (Tables)

3 Months Ended

Mar. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of property, plant and equipment

Property, plant and equipment ("PP&E") consist of the following:


(In thousands)	March 31 2024		December 31 2023
Land and improvements	$	92,269	$	93,793

Buildings and improvements	239,651		243,472
Machinery and equipment	1,690,555		1,729,637
Uncompleted construction	66,436		66,241
Gross property, plant and equipment	2,088,911		2,133,143
Less: Accumulated depreciation	(1,400,273)		(1,425,746)
Property, plant and equipment, net	$	688,638	$	707,397

Leases (Tables)

3 Months Ended

Mar. 31, 2024

Leases [Abstract]

Components of lease expense

The components of lease expense were as follows:


	Three Months Ended
	March 31
(In thousands)		2024		2023
Finance leases:
Depreciation expense		$	2,578	$	1,541
Interest on lease liabilities		815		354
Operating leases		9,832		9,478
Variable and short-term lease expense		14,044		12,630
Sublease income		(2)		(2)
Total lease expense		$	27,267	$	24,001

Debt and Credit Agreements (Tables)

3 Months Ended

Mar. 31, 2024

Debt Disclosure [Abstract]

Schedule of long-term debt instruments

Long-term debt consists of the following:


(In thousands)	March 31 2024		December 31 2023

Senior Secured Credit Facilities:
New Term Loan	$	486,250	$	487,500


Revolving Credit Facility	457,000		422,000
5.75% Senior Notes	475,000		475,000
Other financing payable (including finance leases) in varying amounts	53,810		44,469
Total debt obligations	1,472,060		1,428,969
Less: deferred financing costs	(11,156)		(11,974)
Total debt obligations, net of deferred financing costs	1,460,904		1,416,995
Less: current maturities of long-term debt	(16,021)		(15,558)
Long-term debt	$	1,444,883	$	1,401,437

Schedule of facility fees and debt-related income (expense)

The components of the Condensed Consolidated Statements of Operations caption Facility fees and debt-related income (expense) were as follows:


	Three Months Ended
	March 31
(In thousands)	2024		2023

Unused debt commitment and amendment fees	$	—	$	(12)
Securitization and factoring fees	(2,789)		(2,351)
Facility fees and debt-related income (expense)	$	(2,789)	$	(2,363)

Employee Benefit Plans (Tables)

3 Months Ended

Mar. 31, 2024

Retirement Benefits [Abstract]

Schedule of net benefit costs



	Three Months Ended
	March 31
Defined Benefit Pension Plan Net Periodic Pension Cost (Benefit)	U.S. Plans				International Plans
(In thousands)	2024		2023		2024		2023
Service costs	$	—	$	—	$	338	$	313
Interest costs	2,419		2,543		7,460		7,429
Expected return on plan assets	(2,236)		(1,750)		(8,370)		(7,678)
Recognized prior service costs	—		—		118		114
Recognized actuarial losses	1,045		1,151		3,801		3,519

Defined benefit pension plan net periodic pension cost (benefit)	$	1,228	$	1,944	$	3,347	$	3,697

Commitment and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Commitments and Contingencies Disclosure [Abstract]

Schedule of Loss Contingencies by Contingency

The following table summarizes information related to the location and undiscounted amount of the Company's environmental liabilities:


(In thousands)	March 31 2024		December 31 2023
Current portion of environmental liabilities (a)	$	7,395	$	7,540
Long-term environmental liabilities	25,253		25,682
Total environmental liabilities	$	32,648	$	33,222

(a) The current portion of environmental liabilities is included in the caption Other current liabilities on the Condensed Consolidated Balance Sheets.

Reconciliation of Basic and Diluted Shares (Tables)

3 Months Ended

Mar. 31, 2024

Earnings Per Share [Abstract]

Reconciliation of basic and diluted shares


	Three Months Ended
	March 31
(In thousands, except per share amounts)	2024		2023
Income (loss) from continuing operations attributable to Enviri Corporation common stockholders	$	(16,857)	$	(8,377)
Weighted-average shares outstanding:
Weighted-average shares outstanding - basic	79,945		79,633
Dilutive effect of stock-based compensation	—		—
Weighted-average shares outstanding - diluted	79,945		79,633

Earnings (loss) from continuing operations per common share, attributable to Enviri Corporation common stockholders:
Basic	$	(0.21)	$	(0.11)

Diluted	$	(0.21)	$	(0.11)

Schedule of antidilutive securities excluded from computation of earnings per share


	Three Months Ended
	March 31
(In thousands)		2024	2023
Restricted stock units		1,686	1,000

Stock appreciation rights		2,890	2,473
Performance share units		1,880	1,394

Derivative Instruments, Hedging Activities and Fair Value (Tables)

3 Months Ended

Mar. 31, 2024

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of outstanding derivative contracts

The fair value of outstanding derivative contracts recorded as assets and liabilities on the Company's Condensed Consolidated Balance Sheets was as follows:


(In thousands)	Balance Sheet Location	Fair Value of Derivatives Designated as Hedging Instruments		Fair Value of Derivatives Not Designated as Hedging Instruments		Total Fair Value
March 31, 2024
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	101	$	4,443	$	4,544
Interest rate swaps	Other current assets	2,202		—		2,202

Total		$	2,303	$	4,443	$	6,746

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	388	$	394	$	782

Interest rate swaps	Other liabilities	210		—		210
Total		$	598	$	394	$	992

December 31, 2023
Asset derivatives (Level 2):
Foreign currency exchange forward contracts	Other current assets	$	77	$	1,597	$	1,674


Interest rate swaps	Other current assets	1,443		—		1,443

Total		$	1,520	$	1,597	$	3,117

Liability derivatives (Level 2):
Foreign currency exchange forward contracts	Other current liabilities	$	561	$	8,064	$	8,625

Interest rate swaps	Other liabilities	2,150		—		2,150
Total		$	2,711	$	8,064	$	10,775

Schedule of effect of derivative instruments

The effect of derivative instruments on the Company's Condensed Consolidated Statements of Comprehensive Income (Loss) was as follows:

Derivatives Designated as Hedging


	Gain (Loss) Recognized in OCI on Derivatives				Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity
	Three Months Ended				Three Months Ended
	March 31				March 31
(In thousands)	2024		2023		2024		2023
Foreign currency exchange forward contracts	$	223	$	(682)	$	(404)	$	411


Interest rate swaps	3,581		(2,887)		(882)		(248)

	$	3,804	$	(3,569)	$	(1,286)	$	163

The location and amount of gain (loss) recognized on the Company's Condensed Consolidated Statements of Operations was as follows:


	Three Months Ended
	March 31
	2024				2023
(In thousands)	Product Revenues		Interest Expense			Product Revenues		Interest Expense
Total amounts in the Condensed Consolidated Statement of Operations in which the effects of derivatives designated as hedging instruments are recorded	$	101,163	$	(28,122)		$	99,145	$	(24,995)
Interest rate swaps:
Gain or (loss) reclassified from AOCI into income	—		882			—		248

Foreign exchange contracts:
Gain or (loss) reclassified from AOCI into income	404		—			(411)		—

Derivatives Not Designated as Hedging Instruments



	Location of Gain (Loss) Recognized in Income on Derivatives (a)	Three Months Ended
		March 31
(In thousands)			2024		2023

Foreign currency exchange forward contracts	Cost of services and products sold		$	9,914	$	(3,297)

(a) These gains (losses) offset other amounts recognized in cost of services and products sold principally as a result of intercompany or third party foreign currency exposures.

Review of Operations by Segment (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of operations by segment


	Three Months Ended
	March 31
(In thousands)		2024		2023
Revenues
Harsco Environmental		$	299,119	$	273,189
Clean Earth		226,030		222,464
Harsco Rail		75,168		65,052

Total Revenues		$	600,317	$	560,705

Operating Income (Loss) from Continuing Operations
Harsco Environmental		$	19,588	$	22,285
Clean Earth		20,593		16,471
Harsco Rail		(9,061)		2,345
Corporate		(5,307)		(9,186)
Total Operating Income (Loss) from Continuing Operations		$	25,813	$	31,915

Depreciation
Harsco Environmental		$	28,789	$	27,560
Clean Earth		7,413		4,927
Harsco Rail		361		—
Corporate		357		552
Total Depreciation		$	36,920	$	33,039

Amortization
Harsco Environmental		$	1,018	$	999
Clean Earth		6,167		6,029
Harsco Rail		22		—
Corporate (a)		967		937
Total Amortization		$	8,174	$	7,965
Capital Expenditures
Harsco Environmental		$	20,553	$	16,551
Clean Earth		5,334		4,830
Harsco Rail		965		665
Corporate		29		100
Total Capital Expenditures		$	26,881	$	22,146

(a) Amortization expense on Corporate relates to the amortization of deferred financing costs.

Reconciliation of segment operating income to income from continuing operations before income taxes and equity income

Reconciliation of Segment Operating Income to Income (Loss) From Continuing Operations before Income Taxes and Equity Income


	Three Months Ended
	March 31
(In thousands)		2024		2023
Segment operating income (loss)		$	31,120	$	41,101
General Corporate expense		(5,307)		(9,186)
Operating income (loss) from continuing operations		25,813		31,915
Interest income		1,697		1,480
Interest expense		(28,122)		(24,995)
Facility fees and debt-related income (expense)		(2,789)		(2,363)

Defined benefit pension income (expense)		(4,176)		(5,329)
Income (loss) from continuing operations before income taxes and equity income		$	(7,577)	$	708

Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Summary of revenues by primary geographical markets

A summary of the Company's revenues by primary geographical markets as well as by key product and service groups is as follows:



	Three Months Ended
	March 31, 2024
(In thousands)	Harsco Environmental Segment		Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	84,210	$	226,030	$	44,431	$	354,671
Western Europe	110,275		—		21,372		131,647
Latin America (b)	42,921		—		1,040		43,961
Asia-Pacific	28,915		—		8,325		37,240
Middle East and Africa	28,349		—		—		28,349
Eastern Europe	4,449		—		—		4,449
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317
Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	258,128	$	—	$	—	$	258,128
Ecoproducts	36,264		—		—		36,264
Environmental systems for aluminum dross and scrap processing	4,727		—		—		4,727
Railway track maintenance equipment	—		—		29,918		29,918
After-market parts and services; safety and diagnostic technology	—		—		30,876		30,876
Railway contracting services	—		—		14,374		14,374
Hazardous waste processing solutions	—		191,910		—		191,910
Soil and dredged materials processing and reuse solutions	—		34,120		—		34,120
Total Revenues	$	299,119	$	226,030	$	75,168	$	600,317



	Three Months Ended
	March 31, 2023
(In thousands)	Harsco Environmental Segment		Clean Earth Segment		Harsco Rail Segment		Consolidated Totals
Primary Geographical Markets (a):
North America	$	78,473	$	222,464	$	44,162	$	345,099
Western Europe	101,386		—		13,187		114,573
Latin America (b)	40,955		—		604		41,559
Asia-Pacific	28,961		—		7,099		36,060
Middle East and Africa	18,405		—		—		18,405
Eastern Europe	5,009		—		—		5,009
Total Revenues	$	273,189	$	222,464	$	65,052	$	560,705


Key Product and Service Groups:
Environmental services related to resource recovery for metals manufacturing and related logistical services	$	229,361	$	—	$	—	$	229,361
Ecoproducts	38,402		—		—		38,402
Environmental systems for aluminum dross and scrap processing	5,426		—		—		5,426
Railway track maintenance equipment	—		—		29,444		29,444
After-market parts and services; safety and diagnostic technology	—		—		27,793		27,793
Railway contracting services	—		—		7,815		7,815
Hazardous waste processing solutions	—		186,112		—		186,112
Soil and dredged materials processing and reuse solutions	—		36,352		—		36,352
Total Revenues	$	273,189	$	222,464	$	65,052	$	560,705

(a) Revenues are attributed to individual countries based on the location of the facility generating the revenue.

(b) Includes Mexico.

Other (Income) Expenses, Net (Tables)

3 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

Schedule of other (income) expenses

The major components of this Condensed Consolidated Statements of Operations caption were as follows:


	Three Months Ended
	March 31
(In thousands)	2024		2023

Employee termination benefit costs	$	382	$	(26)

Other costs (income) for exit activities (a)	548		(5,728)






Net gains on sale of assets	(3,370)		(230)
Other	—		336
Other (income) expenses, net	$	(2,440)	$	(5,648)

Components of Accumulated Other Comprehensive Loss (Tables)

3 Months Ended

Mar. 31, 2024

Equity [Abstract]

Schedule of accumulated other comprehensive loss

The components of AOCI, net of the effect of income taxes, and activity for the three months ended March 31, 2023 and 2024 were as follows:


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2022	$	(213,104)		$	157		$	(354,699)		$	10	$	(567,636)

OCI before reclassifications	12,446		(a)	(2,684)		(b)	(7,227)		(a)	1		2,536
Amounts reclassified from AOCI, net of tax	—			124			4,492			—		4,616



Total OCI	12,446			(2,560)			(2,735)			1		7,152
Less: OCI attributable to noncontrolling interests	(358)			—			—			—		(358)
OCI attributable to Enviri Corporation	12,088			(2,560)			(2,735)			1		6,794
Balance at March 31, 2023	$	(201,016)		$	(2,403)		$	(357,434)		$	11	$	(560,842)


	Components of AOCI, Net of Tax
(In thousands)	Cumulative Foreign Exchange Translation Adjustments			Effective Portion of Derivatives Designated as Hedging Instruments			Cumulative Unrecognized Actuarial Losses on Pension Obligations			Unrealized Gain (Loss) on Marketable Securities		Total
Balance at December 31, 2023	$	(183,499)		$	(470)		$	(355,740)		$	15	$	(539,694)

OCI before reclassifications	(16,535)		(a)	2,865		(b)	2,310		(a)	2		(11,358)
Amounts reclassified from AOCI, net of tax	—			(1,002)			4,701			—		3,699



Total OCI	(16,535)			1,863			7,011			2		(7,659)
Less: OCI attributable to noncontrolling interests	821			—			—			—		821
OCI attributable to Enviri Corporation	(15,714)			1,863			7,011			2		(6,838)
Balance at March 31, 2024	$	(199,213)		$	1,393		$	(348,729)		$	17	$	(546,532)

(a) Principally foreign currency fluctuation.

(b) Net change from periodic revaluations.

Reclassification out of accumulated other comprehensive income

Amounts reclassified from AOCI were as follows:


(In thousands)	Three Months Ended			Location on the Condensed Consolidated Statements of Operations
	March 31
		2024				2023



Amortization of cash flow hedging instruments:
Foreign currency exchange forward contracts		$	(404)	$	411	Product revenues



Interest rate swaps		(882)		(248)		Interest expense

Total before taxes		(1,286)		163
Income taxes		284		(39)
Total reclassification of cash flow hedging instruments, net of tax		$	(1,002)	$	124

Amortization of defined benefit pension items (c):
Actuarial losses		$	4,846	$	4,670	Defined benefit pension income (expense)
Prior service costs		118		114		Defined benefit pension income (expense)



Total before taxes		4,964		4,784
Income taxes		(263)		(292)
Total reclassification of defined benefit pension items, net of tax		$	4,701	$	4,492

(c) These AOCI components are included in the computation of net periodic pension costs. See Note 10, Employee Benefit Plans, for additional details.

Discontinued Operations and Dispositions - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Disposal Group, Held-for-Sale, Not Discontinued Operations \| Performix Metallurgical Additives
Business Acquisition [Line Items]
Accounts receivable	$ 4.7	$ 5.3
Harsco Rail Segment
Business Acquisition [Line Items]
Reduction in carrying amount of assets	$ 10.7

Discontinued Operations and Dispositions- Schedule of Balance Sheet from Disposal of Harsco Rail Segment (Details) (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net	$ 308,213	$ 338,187
Other receivables	33,693	40,565
Inventories	190,288	189,369
Current portion of contract assets	69,057	64,875
Other current assets	13,627	10,828
Property, plant and equipment, net	688,638	707,397
Right-of-use assets, net	102,278	102,891
Goodwill	771,404	780,978
Intangible assets, net	319,522	327,983
Deferred income tax assets	15,884	16,295
Other assets	100,030	91,798
Total assets	2,790,278	2,854,698
Accounts payable	224,509	243,279
Accrued compensation	52,947	79,609
Income taxes payable	5,172	7,567
Current portion of operating lease liabilities	28,569	28,775
Current portion of advances on contracts	35,965	38,313
Reserve for forward losses on contracts	46,592	52,919
Other current liabilities	162,415	174,342
Operating lease liabilities	75,151	75,476
Deferred tax liabilities	33,651	29,160
Other liabilities	42,567	47,215
Total liabilities	$ 2,244,154	2,279,290
Harsco Rail Segment \| Revision of Prior Period, Adjustment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Trade accounts receivable, net		57,415
Other receivables		6,708
Inventories		103,077
Current portion of contract assets		56,341
Prepaid Expense		28,797
Other current assets		2,895
Property, plant and equipment, net		44,113
Right-of-use assets, net		7,050
Goodwill		13,026
Intangible assets, net		3,122
Deferred income tax assets		973
Other assets		22,792
Total assets		346,309
Accounts payable		44,703
Accrued compensation		6,056
Income taxes payable		1,434
Current portion of operating lease liabilities		3,656
Current portion of advances on contracts		32,912
Reserve for forward losses on contracts		52,725
Other current liabilities		30,550
Operating lease liabilities		3,331
Deferred tax liabilities		350
Other liabilities		494
Total liabilities		$ 176,211

Discontinued Operations and Dispositions - Schedule of Income (Loss) from Discontinued Operations Harsco Rail (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues	$ 600,317	$ 560,705
Selling, general and administrative expenses	87,126	81,861
Research and development expenses	861	520
Other expense (income)	2,440	5,648
Total costs and expenses	574,504	528,790
Operating income from continuing operations	25,813	31,915
Interest income	1,697	1,480
Interest expense	28,122	24,995
Defined benefit pension income	4,176	5,329
Income (loss) from continuing operations before income taxes	(7,577)	708
Income tax benefit (expense) from continuing operations	7,915	8,017
Income (loss) from continuing operations	(15,741)	(7,442)
Revision of Prior Period, Adjustment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cost of services and products sold	51,369
Harsco Rail Segment \| Revision of Prior Period, Adjustment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues		65,052
Selling, general and administrative expenses		9,926
Research and development expenses		344
Other expense (income)		503
Total costs and expenses		62,142
Operating income from continuing operations		2,910
Interest income		25
Interest expense		(667)
Defined benefit pension income		6
Income (loss) from continuing operations before income taxes		2,274
Income tax benefit (expense) from continuing operations		(1,094)
Income (loss) from continuing operations		1,180
Service revenues \| Harsco Rail Segment \| Revision of Prior Period, Adjustment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues		7,720
Cost of services and products sold		5,626
Product Revenues
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues	101,163	99,145
Cost of services and products sold	$ 85,410	82,549
Product Revenues \| Harsco Rail Segment \| Revision of Prior Period, Adjustment
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total revenues		57,332
Cost of services and products sold		$ 45,743

Accounts Receivable and Note Receivable - Schedule of Receivables (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Trade accounts receivable	$ 322,102	$ 353,709
Less: Allowance for expected credit losses	(13,889)	(15,522)
Trade accounts receivable, net	308,213	338,187
Other receivables	$ 33,693	$ 40,565

Accounts Receivable and Note Receivable - Schedule of Changes in Provisions For Allowance For Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Receivables [Abstract]
Provision for expected credit losses related to trade accounts receivable	$ (167)	$ 507

Accounts Receivable and Note Receivable - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jun. 30, 2022	Mar. 31, 2023	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Jan. 31, 2020	Jan. 01, 2020
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable			$ 322,102	$ 353,709
Trade accounts receivable, net			308,213	338,187
Accounts receivable under factoring arrangement, program capacity			32,000	32,600
Note receivable, face value						$ 40,000
Note receivable, interest rate						2.50%
Accounts receivable past due by twelve months or more			9,300
Greater than 12 months
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable			14,700
Harsco Industrial IKG \| Disposal Group, Disposed of by Sale, Not Discontinued Operations
Accounts, Notes, Loans and Financing Receivable [Line Items]
Selling price							$ 85,000
Accounts Receivable Under Factoring Arrangement
Accounts, Notes, Loans and Financing Receivable [Line Items]
Trade accounts receivable, net			14,700	16,100
PNC
Accounts, Notes, Loans and Financing Receivable [Line Items]
AR facility term	3 years
Accounts receivable securitization, maximum purchase commitment					$ 150,000
Total outstanding trade receivables sold and derecognized			150,000
Accounts receivable from securitization			$ 71,600	$ 82,200
Additional proceeds		$ 5,000

Accounts Receivable and Note Receivable - Schedule of Fair Value of Notes Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Receivables [Abstract]
Note receivable, at amortized cost	$ 14,300	$ 14,000
Note receivable, fair value	$ 15,800	$ 15,400

Inventories - Schedule of Inventory (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Finished goods	$ 16,430	$ 16,171
Work-in-process	10,715	13,081
Raw materials and purchased parts	116,073	114,046
Stores and supplies	47,070	46,071
Total inventories	$ 190,288	$ 189,369

Property, Plant and Equipment - Components (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment
Gross property, plant and equipment	$ 2,088,911	$ 2,133,143
Less: Accumulated depreciation	(1,400,273)	(1,425,746)
Property, plant and equipment, net	688,638	707,397
Land
Property, Plant and Equipment
Gross property, plant and equipment	92,269	93,793
Buildings and improvements
Property, Plant and Equipment
Gross property, plant and equipment	239,651	243,472
Machinery and equipment
Property, Plant and Equipment
Gross property, plant and equipment	1,690,555	1,729,637
Uncompleted construction
Property, Plant and Equipment
Gross property, plant and equipment	$ 66,436	$ 66,241

Property, Plant and Equipment - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Property, Plant and Equipment
Property, plant and equipment, net	$ 688,638	$ 707,397
Remeasurement of long-lived assets	$ 10,695	$ 10,700	$ 0

Leases - Components of Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Finance leases:
Depreciation expense	$ 2,578	$ 1,541
Interest on lease liabilities	815	354
Operating leases	9,832	9,478
Variable and short-term lease expense	14,044	12,630
Sublease income	(2)	(2)
Total lease expense	$ 27,267	$ 24,001

Debt and Credit Agreements - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt obligation	$ 1,472,060	$ 1,428,969
Less: deferred financing costs	(11,156)	(11,974)
Total debt obligations, net of deferred financing costs	1,460,904	1,416,995
Current maturities of long-term debt	(16,021)	(15,558)
Long-term debt	1,444,883	1,401,437
Other financing payable (including finance leases) in varying amounts
Debt Instrument [Line Items]
Debt obligation	53,810	44,469
Term Loan Facility \| New Term Loan
Debt Instrument [Line Items]
Debt obligation	486,250	487,500
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt obligation	457,000	422,000
Senior Notes \| 5.75% Senior Notes
Debt Instrument [Line Items]
Debt obligation	$ 475,000	$ 475,000
Interest rate	5.75%

Debt and Credit Agreements - Schedule of Facility Fees and Debt-Related Income (Expense) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Schedule of Facility Fees and Debt-Related Income [Line Items]
Facility fees and debt-related income (expense)	$ (2,789)	$ (2,363)
Facility Fees and Debt-Related Income (Expense)
Schedule of Facility Fees and Debt-Related Income [Line Items]
Unused Debt Commitment And Amendment Fees	0	(12)
Securitization And Factoring Fees	$ (2,789)	$ (2,351)

Debt and Credit Agreements - Narrative (Details)	3 Months Ended			9 Months Ended
Debt and Credit Agreements - Narrative (Details)	Mar. 31, 2025	Dec. 31, 2024	Mar. 31, 2024	Dec. 31, 2024	Sep. 30, 2024
Debt Instrument [Line Items]
Total net debt to consolidated adjusted EBITDA ratio			4.08
Consolidated Adjusted EBITDA To Consolidated Interest Charges Ratio			3.06
Revolving Credit Facility \| Forecast
Debt Instrument [Line Items]
Leverage ratio					0.50
Threshold of consolidated adjusted EBITDA to consolidated interest charges ratio covenant	3.00			3.00
Revolving Credit Facility \| Minimum
Debt Instrument [Line Items]
Threshold of consolidated adjusted EBITDA to consolidated interest charges ratio covenant			2.75
Revolving Credit Facility \| Maximum
Debt Instrument [Line Items]
Net debt to consolidated adjusted EBITDA ratio			5.25
Revolving Credit Facility \| Maximum \| Forecast
Debt Instrument [Line Items]
Net debt to consolidated adjusted EBITDA ratio		4.00

Employee Benefit Plans (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
U.S. Plans
Defined benefit plans:
Service costs	$ 0	$ 0
Interest costs	2,419	2,543
Expected return on plan assets	(2,236)	(1,750)
Recognized prior service costs	0	0
Recognized actuarial losses	1,045	1,151
Defined benefit pension plans net periodic pension cost (benefit)	1,228	1,944
Defined benefit pension plan	400
Anticipated contributions to defined benefit pension plans during the remainder of the fiscal year	7,300
International Plans
Defined benefit plans:
Service costs	338	313
Interest costs	7,460	7,429
Expected return on plan assets	(8,370)	(7,678)
Recognized prior service costs	118	114
Recognized actuarial losses	3,801	3,519
Defined benefit pension plans net periodic pension cost (benefit)	3,347	$ 3,697
Defined benefit pension plan	4,300
Anticipated contributions to defined benefit pension plans during the remainder of the fiscal year	$ 13,200

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income tax benefit (expense) from continuing operations	$ 7,915	$ 8,017
Unrecognized tax benefits	3,400
Unrecognized income tax benefit that will be recognized within the next twelve months	$ 600

Commitments and Contingencies (Details) € in Thousands			1 Months Ended		3 Months Ended		12 Months Ended
Commitments and Contingencies (Details) € in Thousands	Apr. 26, 2024 USD ($)	Jun. 04, 2018 USD ($)	Dec. 31, 2018 USD ($)	Aug. 31, 2005 USD ($)	Mar. 31, 2024 USD ($) claim case	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2024 BRL (R$) claim	Feb. 25, 2022 EUR (€)	Oct. 14, 2021 EUR (€)	Dec. 30, 2020 USD ($)	Jan. 27, 2020 party
Commitments and Contingencies
Number Of Potentially Related Parties \| party												20
Reserve for loss contingencies					$ 5,100,000
Penalties					6,000,000			R$ 32,000,000
Current Portion of Environmental Liabilities					7,395,000		$ 7,540,000
Environmental liabilities					25,253,000		25,682,000
Total environmental liabilities					32,648,000		33,222,000
Proposed civil penalty					800,000
Accrued payment for environmental loss					700,000		$ 700,000
Malpractice Insurance, Deductible					5,000,000
Net income (loss)					(16,846,000)	$ (8,590,000)
Sao Paulo State Revenue Authority \| Subsequent Event
Commitments and Contingencies
Loss contingency reserves	$ 3,800,000
Net income (loss)	$ 0
BRAZIL
Commitments and Contingencies
Loss Contingencies, Unpaid Service Taxes											$ 2,100,000
Loss Contingencies, Overall Liability					5,800,000
Loss Contingency Accrual, Provision					0
Brazilian Tax Disputes - Jan 2004 through May 2005 \| Sao Paulo State Revenue Authority
Commitments and Contingencies
Damages sought - interest, penalties and fees					18,600,000
Damages sought - principal					$ 1,200,000
Loss contingency, reduced penalty		$ 1,200,000
Amount of damages sought		$ 8,100,000
Brazilian Tax Disputes - Jan 2002 through Dec 2003 \| Sao Paulo State Revenue Authority
Commitments and Contingencies
Damages sought - interest, penalties and fees				$ 3,800,000
Damages sought - principal				1,200,000
Loss contingency, reduced penalty			$ 600,000
Amount of damages sought				$ 5,000,000
Loss contingency, reduced penalty, including interest			$ 5,600,000
Other
Commitments and Contingencies
Number of pending claims \| claim					17,000			17,000
Number of claims dismissed to date by stipulation or summary judgment prior to trial \| case					28,400
Loss Contingency Accrual, Provision					$ 0
Alleged Violation of Environmental Permit in Ijmuiden, Netherland \| Amsterdam Public Prosecutor’s Office
Commitments and Contingencies
Loss Contingency, Amount Seeking From Other Party \| €										€ 100
Loss Contingency, Fine Issued By Court \| €									€ 5

Commitments and Contingencies - Schedule of Loss Contingencies by Contingency (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Current Portion of Environmental Liabilities	$ 7,395,000	$ 7,540,000
Long-term environmental liabilities	25,253,000	25,682,000
Total environmental liabilities	$ 32,648,000	$ 33,222,000

Reconciliation of Basic and Diluted Shares - Reconciliation of Basic and Diluted Shares (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Income (loss) from continuing operations attributable to Enviri Corporation common stockholders	$ (16,857)	$ (8,377)
Weighted-average shares outstanding - basic (in shares)	79,945	79,633
Dilutive effect of stock-based compensation (in shares)	0	0
Weighted-average shares outstanding - diluted (in shares)	79,945	79,633
Earnings (loss) from continuing operations per common share, attributable to Enviri Corporation common stockholders:
Basic (in dollars per share)	$ (0.21)	$ (0.11)
Diluted (in dollars per share)	$ (0.21)	$ (0.11)

Reconciliation of Basic and Diluted Shares - Antidilutive Securities Excluded from Computation of Earnings per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restricted stock units
Antidilutive securities
Number of securities not included in computation of diluted earnings per share (in shares)	1,686	1,000
Stock appreciation rights
Antidilutive securities
Number of securities not included in computation of diluted earnings per share (in shares)	2,890	2,473
Performance share units
Antidilutive securities
Number of securities not included in computation of diluted earnings per share (in shares)	1,880	1,394

Derivative Instruments, Hedging Activities and Fair Value - Fair Value of Outstanding Derivative Contracts (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Derivative contracts
Asset derivatives	$ 6,746	$ 3,117
Liability derivatives	992	10,775
Foreign currency exchange forward contracts \| Other current assets
Derivative contracts
Asset derivatives	4,544	1,674
Foreign currency exchange forward contracts \| Other current liabilities
Derivative contracts
Liability derivatives	782	8,625
Interest rate swaps \| Other current assets
Derivative contracts
Asset derivatives	2,202	1,443
Interest rate swaps \| Other liabilities
Derivative contracts
Liability derivatives	210	2,150
Fair Value of Derivatives Designated as Hedging Instruments
Derivative contracts
Asset derivatives	2,303	1,520
Liability derivatives	598	2,711
Fair Value of Derivatives Designated as Hedging Instruments \| Foreign currency exchange forward contracts \| Other current assets
Derivative contracts
Asset derivatives	101	77
Fair Value of Derivatives Designated as Hedging Instruments \| Foreign currency exchange forward contracts \| Other current liabilities
Derivative contracts
Liability derivatives	388	561
Fair Value of Derivatives Designated as Hedging Instruments \| Interest rate swaps \| Other current assets
Derivative contracts
Asset derivatives	2,202	1,443
Fair Value of Derivatives Designated as Hedging Instruments \| Interest rate swaps \| Other liabilities
Derivative contracts
Liability derivatives	210	2,150
Fair Value of Derivatives Not Designated as Hedging Instruments
Derivative contracts
Asset derivatives	4,443	1,597
Liability derivatives	394	8,064
Fair Value of Derivatives Not Designated as Hedging Instruments \| Foreign currency exchange forward contracts \| Other current assets
Derivative contracts
Asset derivatives	4,443	1,597
Fair Value of Derivatives Not Designated as Hedging Instruments \| Foreign currency exchange forward contracts \| Other current liabilities
Derivative contracts
Liability derivatives	394	8,064
Fair Value of Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other current assets
Derivative contracts
Asset derivatives	0	0
Fair Value of Derivatives Not Designated as Hedging Instruments \| Interest rate swaps \| Other liabilities
Derivative contracts
Liability derivatives	$ 0	$ 0

Derivative Instruments, Hedging Activities and Fair Value - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Foreign Currency Derivatives
Net asset (liability) offset against collateral	$ 0.8		$ (0.5)
Pre-tax net gains (losses) on certain loans designated as hedges of net investments in foreign subsidiaries	0.8	$ 0.3
Long-term debt, fair value	1,436.9		1,394.5
Foreign currency exchange forward contracts
Foreign Currency Derivatives
Derivative, Notional Amount	648.5		633.3
Term Loan
Foreign Currency Derivatives
Principal amount	$ 300.0
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Term Loan \| Term Loan Facility, Fixed-Rate \| Minimum
Foreign Currency Derivatives
Variable rate basis spread (as a percent)	4.16%
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate \| Term Loan \| Term Loan Facility, Fixed-Rate \| Maximum
Foreign Currency Derivatives
Variable rate basis spread (as a percent)	4.21%
Reported Value Measurement
Foreign Currency Derivatives
Long-term Debt	$ 1,472.1		$ 1,429.0

Derivative Instruments, Hedging Activities and Fair Value - Effect of Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Effect of derivative instruments
Gain (Loss) Recognized in OCI on Derivatives	$ 3,804	$ (3,569)
Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity	(1,286)	163
Foreign currency exchange forward contracts
Effect of derivative instruments
Gain (Loss) Recognized in OCI on Derivatives	223	(682)
Foreign currency exchange forward contracts \| Income (Loss) from Discontinued Businesses
Effect of derivative instruments
Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity	(404)	411
Interest rate swaps
Effect of derivative instruments
Gain (Loss) Recognized in OCI on Derivatives	3,581	(2,887)
Interest rate swaps \| Interest Expense
Effect of derivative instruments
Loss (Gain) Reclassified from AOCI into Income - Effective Portion or Equity	$ (882)	$ (248)

Derivative Instruments, Hedging Activities and Fair Value - Derivatives Designated as Hedging Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Derivative [Line Items]
Total revenues	$ 600,317	$ 560,705
Interest expense	(28,122)	(24,995)
Gain or (loss) reclassified from AOCI into income	1,286	(163)
Product Revenues
Derivative [Line Items]
Total revenues	101,163	99,145
Fair Value of Derivatives Designated as Hedging Instruments
Derivative [Line Items]
Interest expense	(28,122)	(24,995)
Interest Expense \| Interest rate swaps
Derivative [Line Items]
Gain or (loss) reclassified from AOCI into income	882	248
Interest Expense \| Foreign exchange contracts
Derivative [Line Items]
Gain or (loss) reclassified from AOCI into income	0	0
Product Revenues \| Interest rate swaps
Derivative [Line Items]
Gain or (loss) reclassified from AOCI into income	0	0
Product Revenues \| Foreign exchange contracts
Derivative [Line Items]
Gain or (loss) reclassified from AOCI into income	$ 404	$ (411)

Derivative Instruments, Hedging Activities and Fair Value - Instrument Not Designated As Hedging Instrument (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Foreign currency exchange forward contracts \| Cost of services and products sold
Derivative [Line Items]
Derivative Instruments Not Designated as Hedging Instruments, Gain (Loss), Net	$ 9,914	$ (3,297)

Review of Operations by Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operations by segment
Revenues	$ 600,317	$ 560,705
Operating income from continuing operations	25,813	31,915
Interest income	1,697	1,480
Interest expense	(28,122)	(24,995)
Facility fees and debt-related income (expense)	(2,789)	(2,363)
Defined benefit pension income (expense)	(4,176)	(5,329)
Income (loss) from continuing operations before income taxes and equity income	(7,577)	708
Depreciation	36,920	33,039
Amortization	8,174	7,965
Capital Expenditures	26,881	22,146
Operating Segments
Operations by segment
Operating income from continuing operations	31,120	41,101
Operating Segments \| Harsco Environmental Segment
Operations by segment
Revenues	299,119	273,189
Operating income from continuing operations	19,588	22,285
Depreciation	28,789	27,560
Amortization	1,018	999
Capital Expenditures	20,553	16,551
Operating Segments \| Clean Earth Segment
Operations by segment
Revenues	226,030	222,464
Operating income from continuing operations	20,593	16,471
Depreciation	7,413	4,927
Amortization	6,167	6,029
Capital Expenditures	5,334	4,830
Operating Segments \| Harsco Rail Segment
Operations by segment
Revenues	75,168	65,052
Operating income from continuing operations	(9,061)	2,345
Depreciation	361	0
Amortization	22	0
Capital Expenditures	965	665
Corporate
Operations by segment
Operating income from continuing operations	(5,307)	(9,186)
Depreciation	357	552
Amortization	967	937
Capital Expenditures	$ 29	$ 100

Revenue Recognition - Revenues by Primary Geographical Markets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 600,317	$ 560,705
Environmental services related to resource recovery for metals manufacturing and related logistical services
Disaggregation of Revenue [Line Items]
Total revenues	258,128	229,361
Ecoproducts
Disaggregation of Revenue [Line Items]
Total revenues	36,264	38,402
Environmental systems for aluminum dross and scrap processing
Disaggregation of Revenue [Line Items]
Total revenues	4,727	5,426
Railway Track Maintenance Equipment
Disaggregation of Revenue [Line Items]
Total revenues	29,918	29,444
After-market Parts and Services; Safety and Diagnostic Technology
Disaggregation of Revenue [Line Items]
Total revenues	30,876	27,793
Railway Contracting Services
Disaggregation of Revenue [Line Items]
Total revenues	14,374	7,815
Hazardous waste processing solutions
Disaggregation of Revenue [Line Items]
Total revenues	191,910	186,112
Soil and dredged materials processing and reuse solutions
Disaggregation of Revenue [Line Items]
Total revenues	34,120	36,352
North America
Disaggregation of Revenue [Line Items]
Total revenues	354,671	345,099
Western Europe
Disaggregation of Revenue [Line Items]
Total revenues	131,647	114,573
Latin America
Disaggregation of Revenue [Line Items]
Total revenues	43,961	41,559
Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenues	37,240	36,060
Middle East and Africa
Disaggregation of Revenue [Line Items]
Total revenues	28,349	18,405
Eastern Europe
Disaggregation of Revenue [Line Items]
Total revenues	4,449	5,009
Operating Segments \| Harsco Environmental Segment
Disaggregation of Revenue [Line Items]
Total revenues	299,119	273,189
Operating Segments \| Harsco Environmental Segment \| Environmental services related to resource recovery for metals manufacturing and related logistical services
Disaggregation of Revenue [Line Items]
Total revenues	258,128	229,361
Operating Segments \| Harsco Environmental Segment \| Ecoproducts
Disaggregation of Revenue [Line Items]
Total revenues	36,264	38,402
Operating Segments \| Harsco Environmental Segment \| Environmental systems for aluminum dross and scrap processing
Disaggregation of Revenue [Line Items]
Total revenues	4,727	5,426
Operating Segments \| Harsco Environmental Segment \| Railway Track Maintenance Equipment
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Environmental Segment \| After-market Parts and Services; Safety and Diagnostic Technology
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Environmental Segment \| Railway Contracting Services
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Environmental Segment \| Hazardous waste processing solutions
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Environmental Segment \| Soil and dredged materials processing and reuse solutions
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Environmental Segment \| North America
Disaggregation of Revenue [Line Items]
Total revenues	84,210	78,473
Operating Segments \| Harsco Environmental Segment \| Western Europe
Disaggregation of Revenue [Line Items]
Total revenues	110,275	101,386
Operating Segments \| Harsco Environmental Segment \| Latin America
Disaggregation of Revenue [Line Items]
Total revenues	42,921	40,955
Operating Segments \| Harsco Environmental Segment \| Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenues	28,915	28,961
Operating Segments \| Harsco Environmental Segment \| Middle East and Africa
Disaggregation of Revenue [Line Items]
Total revenues	28,349	18,405
Operating Segments \| Harsco Environmental Segment \| Eastern Europe
Disaggregation of Revenue [Line Items]
Total revenues	4,449	5,009
Operating Segments \| Clean Earth Segment
Disaggregation of Revenue [Line Items]
Total revenues	226,030	222,464
Operating Segments \| Clean Earth Segment \| Environmental services related to resource recovery for metals manufacturing and related logistical services
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Ecoproducts
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Environmental systems for aluminum dross and scrap processing
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Railway Track Maintenance Equipment
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| After-market Parts and Services; Safety and Diagnostic Technology
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Railway Contracting Services
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Hazardous waste processing solutions
Disaggregation of Revenue [Line Items]
Total revenues	191,910	186,112
Operating Segments \| Clean Earth Segment \| Soil and dredged materials processing and reuse solutions
Disaggregation of Revenue [Line Items]
Total revenues	34,120	36,352
Operating Segments \| Clean Earth Segment \| North America
Disaggregation of Revenue [Line Items]
Total revenues	226,030	222,464
Operating Segments \| Clean Earth Segment \| Western Europe
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Latin America
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Middle East and Africa
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Clean Earth Segment \| Eastern Europe
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment
Disaggregation of Revenue [Line Items]
Total revenues	75,168	65,052
Operating Segments \| Harsco Rail Segment \| Environmental services related to resource recovery for metals manufacturing and related logistical services
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment \| Ecoproducts
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment \| Environmental systems for aluminum dross and scrap processing
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment \| Railway Track Maintenance Equipment
Disaggregation of Revenue [Line Items]
Total revenues	29,918	29,444
Operating Segments \| Harsco Rail Segment \| After-market Parts and Services; Safety and Diagnostic Technology
Disaggregation of Revenue [Line Items]
Total revenues	30,876	27,793
Operating Segments \| Harsco Rail Segment \| Railway Contracting Services
Disaggregation of Revenue [Line Items]
Total revenues	14,374	7,815
Operating Segments \| Harsco Rail Segment \| Hazardous waste processing solutions
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment \| Soil and dredged materials processing and reuse solutions
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment \| North America
Disaggregation of Revenue [Line Items]
Total revenues	44,431	44,162
Operating Segments \| Harsco Rail Segment \| Western Europe
Disaggregation of Revenue [Line Items]
Total revenues	21,372	13,187
Operating Segments \| Harsco Rail Segment \| Latin America
Disaggregation of Revenue [Line Items]
Total revenues	1,040	604
Operating Segments \| Harsco Rail Segment \| Asia-Pacific
Disaggregation of Revenue [Line Items]
Total revenues	8,325	7,099
Operating Segments \| Harsco Rail Segment \| Middle East and Africa
Disaggregation of Revenue [Line Items]
Total revenues	0	0
Operating Segments \| Harsco Rail Segment \| Eastern Europe
Disaggregation of Revenue [Line Items]
Total revenues	$ 0	$ 0

Revenue Recognition - Narrative (Details) - USD ($)	3 Months Ended
Revenue Recognition - Narrative (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total contract assets	$ 95,800,000		$ 86,900,000
Total advances on contracts	36,200,000		$ 38,600,000
Revenue recognized	$ 10,700,000	$ 11,600,000
Network Rail
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage complete	43.00%
Deutsche Bahn
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage complete	88.00%
SBB, Network Rail, and Deutsche Bahn
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Provisions recognized	$ 0	$ 0
Contract \| SBB
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage complete	59.00%
Harsco Environmental Segment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 82,200,000
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	21,800,000
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	20,500,000
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	15,000,000
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	12,400,000
Harsco Rail Segment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	140,700,000
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	53,400,000
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	61,000,000
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	22,600,000
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3,700,000

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Mar. 31, 2024 USD ($)
Harsco Environmental Segment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 82.2
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 21.8
Period of expected timing of satisfaction	1 year
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 20.5
Period of expected timing of satisfaction	1 year
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 15.0
Period of expected timing of satisfaction	1 year
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 12.4
Period of expected timing of satisfaction	1 year
Harsco Environmental Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Period of expected timing of satisfaction
Harsco Rail Segment
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 140.7
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 53.4
Period of expected timing of satisfaction	1 year
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 61.0
Period of expected timing of satisfaction	1 year
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 22.6
Period of expected timing of satisfaction	1 year
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3.7
Period of expected timing of satisfaction	1 year
Harsco Rail Segment \| Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-04-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Period of expected timing of satisfaction

Other (Income) Expenses, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Income and Expenses [Abstract]
Employee termination benefit costs	$ 382	$ (26)
Other costs (income) for exit activities (a)	548	(5,728)
Net gains on sale of assets	(3,370)	(230)
Other	0	336
Other (income) expenses, net	(2,440)	$ (5,648)
Net gain	$ (6,800)

Components of Accumulated Other Comprehensive Loss - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Components of Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	$ 575,408	$ 623,042
OCI before reclassifications	(11,358)	2,536
Amounts reclassified from AOCI, net of tax	3,699	4,616
Total other comprehensive income (loss)	(7,659)	7,152
Less: OCI attributable to noncontrolling interests	821	(358)
OCI attributable to Enviri Corporation	(6,838)	6,794
Ending balance	546,124	623,952
Cumulative Foreign Exchange Translation Adjustments
Components of Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(183,499)	(213,104)
OCI before reclassifications	(16,535)	12,446
Amounts reclassified from AOCI, net of tax	0	0
Total other comprehensive income (loss)	(16,535)	12,446
Less: OCI attributable to noncontrolling interests	821	(358)
OCI attributable to Enviri Corporation	(15,714)	12,088
Ending balance	(199,213)	(201,016)
Effective Portion of Derivatives Designated as Hedging Instruments
Components of Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(470)	157
OCI before reclassifications	2,865	(2,684)
Amounts reclassified from AOCI, net of tax	(1,002)	124
Total other comprehensive income (loss)	1,863	(2,560)
Less: OCI attributable to noncontrolling interests	0	0
OCI attributable to Enviri Corporation	1,863	(2,560)
Ending balance	1,393	(2,403)
Cumulative Unrecognized Actuarial Losses on Pension Obligations
Components of Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(355,740)	(354,699)
OCI before reclassifications	2,310	(7,227)
Amounts reclassified from AOCI, net of tax	4,701	4,492
Total other comprehensive income (loss)	7,011	(2,735)
Less: OCI attributable to noncontrolling interests	0	0
OCI attributable to Enviri Corporation	7,011	(2,735)
Ending balance	(348,729)	(357,434)
Unrealized Gain (Loss) on Marketable Securities
Components of Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	15	10
OCI before reclassifications	2	1
Amounts reclassified from AOCI, net of tax	0	0
Total other comprehensive income (loss)	2	1
Less: OCI attributable to noncontrolling interests	0	0
OCI attributable to Enviri Corporation	2	1
Ending balance	17	11
Accumulated Other Comprehensive Loss
Components of Accumulated Other Comprehensive Income [Roll Forward]
Beginning balance	(539,694)	(567,636)
Total other comprehensive income (loss)	(6,838)	6,794
Ending balance	$ (546,532)	$ (560,842)

Components of Accumulated Other Comprehensive Loss - Reclassification out of Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	$ 28,122	$ 24,995
Income (loss) from continuing operations before income taxes	(7,577)	708
Income tax benefit (expense) from continuing operations	7,915	8,017
Net income (loss)	(16,846)	(8,590)
Amount Reclassified from Accumulated Other Comprehensive Loss \| Cash flow hedging intruments
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations before income taxes	(1,286)	163
Income tax benefit (expense) from continuing operations	284	(39)
Net income (loss)	(1,002)	124
Amount Reclassified from Accumulated Other Comprehensive Loss \| Cash flow hedging intruments \| Foreign currency exchange forward contracts
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Product revenues	(404)	411
Amount Reclassified from Accumulated Other Comprehensive Loss \| Cash flow hedging intruments \| Interest rate swaps
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Interest expense	(882)	(248)
Amount Reclassified from Accumulated Other Comprehensive Loss \| Defined benefit pension items
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Income (loss) from continuing operations before income taxes	4,964	4,784
Income tax benefit (expense) from continuing operations	(263)	(292)
Net income (loss)	4,701	4,492
Amount Reclassified from Accumulated Other Comprehensive Loss \| Actuarial losses
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Defined benefit pension income (expense)	4,846	4,670
Amount Reclassified from Accumulated Other Comprehensive Loss \| Prior service costs
Reclassification out of Accumulated Other Comprehensive Income [Line Items]
Defined benefit pension income (expense)	$ 118	$ 114

Harsco (NYSE:HSC)
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