Clean Earth Achieves Record Second Quarter Profits
Clean Earth's revenue and earnings grew single digits, with margins reaching 16.3%. This was achieved despite weather-related pressures and higher disposal costs, indicating strong operational performance.
Environmental Segment Performs Well
The Environmental segment executed well in Q2, maintaining favorable cost performance and benefiting from a weaker U.S. dollar.
Harsco Environmental Optimistic for Second Half
Harsco Environmental expects improved results in the second half due to new sites ramping up, cost reduction initiatives, and improvements at underperforming locations.
Strategic Alternatives Review Initiated
Enviri announced a formal evaluation of strategic alternatives, including a possible tax-efficient sale or separation of the Clean Earth business, with the aim of unlocking shareholder value.