Enviri Corporation shares have risen 100% since it began trading as a standalone company on June 2nd, following the spinoff of its environmental and rail divisions and the sale of its clean-earth business. The company rang the opening bell at the New York Stock Exchange on June 23rd. In its first-quarter results reported in May, Enviri posted $550 million in revenue and a GAAP consolidated loss of $8 million, with operating income of $65 million. Chairman and CEO Nick Grasberger said the results reflect continued execution amid a dynamic operating environment and weather-related disruptions, and that the company remains on track to complete the sale of Clean Earth and the separation of Harsco Environmental and Harsco Rail in the second quarter.
Enviri CorporationShares up 100% since standalone trading, ringing NYSE bell, reflecting successful spinoffs and sale.