Enviri Corporation is proceeding with the sale of its Clean Earth business, with the transaction expected to close in mid-2026. As part of the process, Enviri will spin off its Harsco Environmental and Rail businesses to its shareholders, who will receive 0.33 shares of the newly formed New Enviri for each Enviri share they hold. Following the transaction, approximately 28 million New Enviri shares are anticipated to be outstanding, with corporate costs set to be right-sized. Company leadership highlighted that this move will support a stronger capital structure and enhance opportunities for both businesses, while emphasizing continued commitments to integrity, safety, sustainability, and innovation. The transactions are not expected to result in any material cash tax expense to Enviri or New Enviri.