Slide 1: Q1 2026 Quarterly Results and Outlook Conference Call
Q1 2026 Quarterly Results and Outlook Conference Call May 11, 2026 © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 1
Slide 2: Administrative Items
ADMINISTRATIVE ITEMS Conference Call and Access to Information More information on Enviri's quarterly earnings, including the Company’s earnings press release issued today and this presentation, is available on the Investor Relations portion of Enviri’s website. Company management will discuss the C
Slide 3: Q2 Perspective
Q2 PERSPECTIVE • Positive start to 2026; Harsco Environmental and Rail performed better than anticipated with a keen focus on business opportunities and cost controls • Clean Earth results impacted by weather and softness within industrial market • Clean Earth sale on track to close in Q2; closing e
Slide 4: Q1 2026 Financial Summary
Q1 2026 FINANCIAL SUMMARY KEY PERFORMANCE INDICATORS $ In millions except EPS; Continuing Operations1 Q1 2026 Q1 2025 CHANGE • Revenues unchanged YoY with higher revenues in Harsco Revenues, as reported 550 548 nmf Environmental offset by Clean Income (loss) from Continuing Earth and Harsco Rail Ope
Slide 5: Q1 2026 Harsco Environmental
Q1 2026 HARSCO ENVIRONMENTAL • Revenues increase of SUMMARY RESULTS ($ MILLIONS) Q1 2026 Q1 2025 % 6% attributable to favorable FX and Revenues, as reported 257 243 6% higher services Operating Income – GAAP 10 10 nmf demand, partially Adjusted EBITDA1 - Non GAAP Adjusted EBITDA1 Margin - Non 38 39
Slide 6: Q1 2026 Clean Earth
Q1 2026 CLEAN EARTH • Revenues decrease is SUMMARY RESULTS ($ MILLIONS) Q1 2026 Q1 2025 % the result of lower Revenues, as reported 226 235 (4)% project and industrial Operating Income – GAAP 16 22 (29)% volumes, partially due Adjusted EBITDA1 - Non GAAP 33 38 (13)% to weather-related Adjusted EBITD
Slide 7: Q1 2026 Harsco Rail
Q1 2026 HARSCO RAIL • Revenue change YoY attributable to lower SUMMARY RESULTS ($ MILLIONS) Q1 2026 Q1 2025 % equipment revenues Revenues, as reported 67 70 (4)% including impact of Operating Income – GAAP (3) 7 nmf favorable PY contract Adjusted EBITDA1 - Non GAAP (1) (2) 52% adjustment, partially
Slide 8: Q2 2026 Outlook
Q2 2026 OUTLOOK Adjusted EBITDA of $37M to $42M1 YoY Considerations: Comparable with prior-year as higher services demand to be offset by contract exits Adjusted EBITDA of $(8.5)M to $(6.0M)1 YoY Considerations: Below prior-year due to lower volumes and less favorable business mix (1) Adjusted EBITD
Slide 9: Q&A
Q&A © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 9
Slide 10: Appendix
APPENDIX © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 10
Slide 11: Non-GAAP Measures
NON-GAAP MEASURES Measurements of financial performance not calculated in accordance with GAAP should be considered as supplements to, and not substitutes for, performance measurements calculated or derived in accordance with GAAP. Any such measures are not necessarily comparable to other similarly-
Slide 12: 2026 Segment Outlook - Full Year
2026 SEGMENT OUTLOOK - FULL YEAR REVENUES Comparable with 2025 Revenues ADJUSTED EBITDA1 $170M to $180M Services & Products demand, New contracts, Improvement + initiatives DRIVERS - Exited contracts, 2025 items not repeating REVENUES Down High Single-Digit % YoY ADJUSTED EBITDA1 $(26)M to $(19)M Co
Slide 13: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED INCOME (LOSS) FROM CONTINUING OPERATIONS TO INCOME (LOSS) FROM CONTINUING OPERATIONS, NET OF TAX, AS REPORTED (Unaudited) Three Months Ended March 31 (in thousands, except per share amounts) 2026 2025 Income (loss) fro
Slide 14: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS), AS REPORTED, BY SEGMENT (Unaudited) Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Three Months Ended March 31, 2026: Operating i
Slide 15: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED EBITDA BY SEGMENT TO OPERATING INCOME (LOSS), AS REPORTED, BY SEGMENT (Unaudited) Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Three Months Ended March 31, 2025: Operating i
Slide 16: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES NEW ENVIRI RECONCILIATION OF PROFORMA PROJECTED ADJUSTED EBITDA BY SEGMENT USING MID-RANGE POINTS FOR EACH TO PROFORMA PROJECTED OPERATING INCOME (LOSS) BY SEGMENT (a)(b) (Unaudited) Harsco Harsco Consolidated (Amounts in millions) Environmental Rail Corporate Tot
Slide 17: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF CONSOLIDATED ADJUSTED EBITDA TO CONSOLIDATED INCOME (LOSS) FROM CONTINUING OPERATIONS AS REPORTED (Unaudited) Three Months Ended (In thousands) 2026 March 31 2025 Consolidated income (loss) from continuing operations $ (8,387)
Slide 18: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF HARSCO ENVIRONMENTAL PROJECTED ADJUSTED EBITDA TO HARSCO ENVIRONMENTAL PROJECTED OPERATING INCOME (LOSS) (Unaudited) Harsco Environmental Projected Three Months Ended June 30, 2026 (In millions) Low High Operating income (loss)
Slide 19: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF HARSCO RAIL PROJECTED ADJUSTED EBITDA TO HARSCO RAIL PROJECTED OPERATING INCOME (LOSS) (Unaudited) Harsco Rail Projected Three Months Ended June 30, 2026 (In millions) Low High Operating income (loss) $ (11) $ (8) Depreciation
Slide 20: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED FREE CASH FLOW TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (Unaudited) Three Months Ended March 31 (In thousands) 2026 2025 Net cash provided (used) by operating activities $ 21,536 $ 6,600 Less capital expendi
Slide 21: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF ADJUSTED FREE CASH FLOW TO NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES, BY SEGMENT (Unaudited) Three Months Ended March 31, 2026 Harsco Clean Harsco Consolidated (In thousands) Environmental Earth Rail Corporate Totals Net
Slide 22: © 2026 Enviri Corporation. All Rights Reserved.
© 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. Any disclosure or copying of this document and its contents without the prior written approval of Enviri Corporation is prohibited. All Rights Reserved.