Enviri Exits Deutsche Bahn Contract, Expects $19 Million Gain
Enviri released Harsco Rail from its Deutsche Bahn contract after repaying approximately $73 million in advances. The company expects a net gain of approximately $19 million with third-quarter earnings, with additional GBM payments expected in December and 2027.
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02:09:07 PM UTC
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Deutsche Bahn (DB) agreement fully releases Harsco Rail from its obligations under the ETO contract,
02:09:27 PM UTC
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Enviri: Deutsche Bahn Agreement Fully Releases Harsco Rail From Its Obligations Under the ETO Contract, Including Elimination of Its $13M in Performance Bonds >NVRI
02:09:27 PM UTC
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Harsco Rail Executes Agreement to Exit Deutsche Bahn Engineered-to-Order Contract and Receives Initial Payment From Sale of Project Assets to GBM
02:10:06 PM UTC
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Harsco Rail Executes Agreement to Exit Deutsche Bahn Engineered-to-Order Contract and Receives Initi
02:11:24 PM UTC
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ENVIRI CORP (DELAWARE) - EXPECTS REMAINING PAYMENTS OF $34 MLN INCLUDING $15 MLN-$18 MLN IN 2026
Enviri released Harsco Rail from its Deutsche Bahn contract after repaying approximately $73M in advances. It expects a net gain of approximately $19M with its third-quarter earnings; additional GBM payments are expected in December and 2027.Material DetailsContext by AI AnalystThis is a concrete m…