Enviri Corporation

Enviri Corporation ( NVRI ) Q3 2026 Earnings Call November 5, 2026 9:00 AM EST Company Participants David Martin - Vice President of Investor Relations and FP&A Russell Hochman - President, CEO & Director Peter Minan - CFO & Executive VP Conference Call Participants Robert Brown - Lake Street Capital Markets, LLC, Research Division Lawrence Solow - CJS Securities, Inc. Presentation Operator Good morning. My name is Roy, and I will be your conference facilitator.

PHILADELPHIA, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) (the "Company") today reported third quarter 2026 results. On a GAAP basis, the third quarter of 2026 diluted earnings per share from continuing operations was $0.16, including restructuring costs in Harsco Environmental, a gain related to the initial payment received from GBM for project-related assets following Rail's Deutsche Bahn contract exit, a favorable adjustment to the exit reserve for the Deutsche Bahn contract due to the release of performance bonds, and additional expenses related to the sale of Clean Earth and spin-off of Harsco Environmental and Harsco Rail. The adjusted diluted loss per share from continuing operations in the third quarter of 2026 was $0.16. These figures compare with a third quarter 2025 GAAP diluted loss per share from continuing operations of $0.82, which included strategic expenses and restructuring costs, and an adjusted diluted loss per share from continuing operations of $0.59.

Deutsche Bahn (DB) agreement fully releases Harsco Rail from its obligations under the ETO contract, including elimination of its $13 million in performance bonds Harsco Rail received approximately $8 million in September from its former subcontractor General Atomics, Gleisbaumechanik Brandenburg GmbH (GBM), pursuant to an asset sales agreement related to the DB contract; Enviri expects to receive remaining payments of approximately $34 million in the coming quarters, including $15-18 mi llion in 2026 Enviri to record a net gain of approximately $19 million as a result of the GBM payment and with the execution of the DB agreement PHILADELPHIA, Nov. 04, 2026 (GLOBE NEWSWIRE) -- Enviri Corporation (NYSE: NVRI) today announced that it has entered into a definitive agreement with Deutsche Bahn (DB) that releases its Harsco Rail division from its engineered-to-order (ETO) contract for utility track vehicles. In conjunction with this agreement, Harsco Rail has repaid the advances previously received, totaling approximately $73 million, supporting the DB project.

LONDON, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Harsco Environmental, a division of Enviri Corporation (NYSE: NVRI) and a global leader in providing innovative environmental solutions, today announced it has signed a 10-year contract renewal with EZS, a steel mill in Sadat City, Egypt, with a production capacity of one million tons of rebar per year. Under the agreement, Harsco Environmental will provide furnace and scrap management services at the EZS site, which includes steel-making facilities such as an electric arc furnace, a billet caster, and two rolling mills.