Figma Shares Indicated To Open $105/$110
COLUMBIA, S.C. - Harsco Rail, a division of Enviri Corporation (NYSE: NVRI), announced the appointment of Gary Lada as its new president, effective May 5, 2025. Lada, with a robust background in the rail industry, will succeed Claus Heuschmid, who is set to depart from the company on June 1, 2025. The leadership change comes as Enviri, currently valued at $462 million in market capitalization, faces significant operational challenges. According to InvestingPro data, the company operates with substantial debt and analysts don’t expect profitability this year.
Enviri CEO Nick Grasberger expressed confidence in Lada’s capabilities, citing his extensive experience and operational expertise as crucial for the division’s future growth and customer value delivery. Lada, a former executive at GE Transportation and Ingersoll Rand, holds a Bachelor of Science in Mechanical Engineering from Penn State University. He will join the Enviri Executive Leadership team and report directly to Grasberger.
The leadership transition comes as Harsco Rail aims to capture profitable growth opportunities and achieve returns surpassing its cost of capital. The company has also recently enhanced its leadership team with the addition of Barry Learner as chief financial officer and Mike Lafferty as vice president of operations.
Grasberger acknowledged the outgoing president Heuschmid’s contributions to Harsco Rail, thanking him for his dedicated service and leadership.
Enviri Corporation, headquartered in Philadelphia, Pennsylvania, is a global leader in environmental services, offering recycling and reuse solutions for waste streams and helping customers meet their sustainability targets. Operating in over 30 countries, Enviri continues to drive environmental innovation across various industries.
Harsco Rail, with over a century of experience, provides engineering, vehicles, equipment, technology, safety systems, and maintenance services to the railway sector. The division operates from key locations in the United States, United Kingdom, Germany, India, Brazil, China, and Australia.
This leadership announcement is based on a press release statement from Enviri Corporation.
In other recent news, Enviri Corporation reported its fourth-quarter 2024 earnings, showcasing a narrower-than-expected loss with an EPS of -$0.04, surpassing the forecast of -$0.10. However, the company’s revenue fell short of expectations at $559 million, compared to the projected $578.98 million. Despite the earnings beat, the revenue miss contributed to a 17.41% decline in Enviri’s stock during pre-market trading. S&P Global Ratings affirmed Enviri’s ’B+’ issuer credit rating but revised its outlook to negative, citing weaker-than-expected operating performance and potential demand pressures in key markets. Similarly, Moody’s affirmed Enviri’s B1 rating but adjusted the outlook to negative, highlighting ongoing execution risks in the company’s rail business. Enviri’s Clean Earth segment continues to drive growth, contributing over 50% of consolidated EBITDA, despite challenges in the global steel market. The company is actively working to improve its profitability in the Rail segment by completing or exiting unfavorable contracts. Enviri projects adjusted EBITDA for 2025 to range between $305 million and $325 million, with anticipated 5% organic growth.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.