Slide 1: Q2 2026 Quarterly Results and Outlook
Q2 2026 Quarterly Results and Outlook AUGUST 11, 2026 © 2025 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 / CEO Perspective
Q2 / CEO Harsco Environmental and Rail executed very well in the quarter; each delivered better PERSPECTIVE than anticipated quarterly result Decided to exit two European ETO contracts (Deutsche Bahn & Network Rail), eliminating future performance risk, uncertainty and cash outflows related to perfo
Slide 4: Q2 2026 Financial Summary
Q2 2026 Financial Summary KEY PERFORMANCE INDICATORS CONTINUING OPERATIONS $ In millions except EPS Q2 2026 Q2 2025 CHANGE • Revenues higher YoY after adjusting for Rail items related to Revenues, as reported 187 316 (41)% contract exits Adjusted Revenues 324 316 2% • Adjusted EBITDA increased 22% I
Slide 5: Harsco Environmental Summary Results
HARSCO ENVIRONMENTAL SUMMARY RESULTS Premier Provider of Material $ In millions Processing and Environmental Q2 2026 Q2 2025 CHANGE Services to the Global Metals Revenues, as reported 266 258 3% Industry Operating Income – GAAP 13 4 nmf Adjusted EBITDA1 – Non-GAAP 46 40 15% • Revenues increase of 3%
Slide 6: Harsco Rail Summary Results
HARSCO RAIL SUMMARY RESULTS Leading Supplier of Track $ In millions Maintenance and Q2 2026 Q2 2025 CHANGE Construction Solutions Revenues, as reported (79) 58 (236)% Adjusted Revenues 58 58 —% Operating Income – GAAP (221) (20) nmf • Revenue unchanged YoY Adjusted EBITDA1 – Non-GAAP (5) (3) (39)% e
Slide 7: Q3 2026 Outlook
Q3 2026 Outlook YEAR-OVER-YEAR CONSIDERATIONS: Adjusted EBITDA of $43M to $47M1 Modestly above prior-year at mid-point as higher volumes and improvements are offset by contract exits Adjusted EBITDA of $(7)M to $(10M)1 Below prior-year due to lower volumes and business mix (1) Adjusted EBITDA is a n
Slide 8: Q&A
Q&A © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 8
Slide 9: Appendix
APPENDIX © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 9
Slide 10: 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 11: 2026 Segment Outlook
2026 Segment Outlook REVENUES REVENUES • Comparable with 2025 Revenues • Down High Single-Digit % YoY ADJUSTED EBITDA1 ADJUSTED EBITDA1 • $170M to $180M • $(26)M to $(19)M DRIVERS DRIVERS + Services & Products demand, New contracts, + Cost-out initiatives Improvement initiatives - Standard Equipment
Slide 12: 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 Six Months Ended June 30 June 30 (in thousands, except per share amounts) 202
Slide 13: 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 Harsco Consolidated (In thousands) Environmental Rail Corporate Totals Three Months Ended June 30, 2026: Operating income (loss),
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 Harsco Consolidated (In thousands) Environmental Rail Corporate Totals Three Months Ended June 30, 2025: Operating income (loss),
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 Harsco Consolidated (In thousands) Environmental Rail Corporate Totals Six Months Ended June 30, 2026: Operating income (loss), a
Slide 16: 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 Harsco Consolidated (In thousands) Environmental Rail Corporate Totals Six Months Ended June 30, 2025: Operating income (loss), a
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 June 30 (In thousands) 2026 2025 Consolidated income (loss) from continuing operations $ (296,816)
Slide 18: 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) Six Months Ended June 30 (In thousands) 2026 2025 Consolidated income (loss) from continuing operations $ (320,049) $
Slide 19: Reconciliation of Non-GAAP Measures
RECONCILIATION OF NON-GAAP MEASURES ENVIRI CORPORATION RECONCILIATION OF PROJECTED ADJUSTED EBITDA BY SEGMENT USING MID-RANGE POINTS FOR EACH TO PROJECTED OPERATING INCOME (LOSS) BY SEGMENT (a) (Unaudited) Harsco Harsco (Amounts in millions) Environmental Rail Projected Twelve Months Ending December
Slide 20: 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 September 30, 2026 (In millions) Low High Operating income (
Slide 21: 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 September 30, 2026 (In millions) Low High Operating income (loss) $ (12) $ (9) Deprecia
Slide 22: Adjusted Free Cash Flow to Net Cash Provided (Used) by Operating Activities
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 Six Months Ended June 30 June 30 (In thousands) 2026 2025 2026 2025 Net cash provided (used) by operating activities $ (
Slide 23: © 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth
© 2026 Enviri Corporation. All Rights Reserved. This document and the information set forth herein are the property of Enviri Corporation. 23