Review of Operations by Segment - New Enviri (Tables)

The tables below include information about the Company's revenues and operating income (loss) by reportable segment, along with significant segment expenses and other segment information, followed by a reconciliation of operating income (loss) by reporting segment to the Company's consolidated Income (loss) from continuing operations before income taxes and equity in income, for the periods presented:



	Three Months Ended March 31, 2026
(in thousands)	Harsco Environmental	Clean Earth	Harsco Rail	Total Reportable Segments		Corporate	Total
Segment Profit and Loss:
Total revenues	256,717	225,755	67,331	$	549,803	—	$	549,803
Less:
Cost of services and products sold	218,007	168,860	57,972	444,839		—	444,839
Selling, general and administrative expenses	27,943	41,013	11,758	80,714		10,742	91,456




Other segment activities (a)	738	104	798	1,640		11,075	12,715

Operating income (loss) from continuing operations	10,029	15,778	(3,197)	$	22,610	(21,817)	$	793
Plus:
Interest income							473
Interest expense							(27,833)
Facility fees and debt-related income (expense)							(2,294)
Defined benefit pension income (expense)							(3,936)
Income (loss) from continuing operations before income taxes and equity in income							$	(32,797)

Other Segment Information:
Depreciation	27,896	11,103	1,196	$	40,195	233	$	40,428
Amortization (b)	572	5,938	285	$	6,795	1,049	$	7,844
Capital expenditures	17,407	14,423	1,768	$	33,598	129	$	33,727



	Three Months Ended March 31, 2025
(in thousands)	Harsco Environmental	Clean Earth	Harsco Rail	Total Reportable Segments		Corporate	Total
Segment Profit and Loss:
Total revenues	243,106	234,854	69,947	$	547,907	—	$	547,907
Less:
Cost of services and products sold	202,017	173,619	49,417	425,053		—	425,053
Selling, general and administrative expenses	26,628	38,962	11,582	77,172		11,936	89,108




Other segment activities (a)	4,388	(15)	1,810	6,183		(1,698)	4,485

Operating income (loss) from continuing operations	10,073	22,288	7,138	$	39,499	(10,238)	$	29,261
Plus:
Interest income							454
Interest expense							(26,574)
Facility fees and debt-related income (expense)							(2,612)
Defined benefit pension income (expense)							(5,201)
Income (loss) from continuing operations before income taxes and equity in income							$	(4,672)

Other Segment Information:
Depreciation	25,509	9,620	1,032	$	36,161	281	$	36,442
Amortization (b)	540	5,845	67	$	6,452	951	$	7,403
Capital expenditures	14,094	6,652	780	$	21,526	98	$	21,624

(a) Other segment activities include amounts reflected in the captions Research and development costs, Other income (expenses), net, and certain activities reported in Cost of services and products sold on the Company's Condensed Consolidated Statements of Operations.

(b) Amortization expense in Corporate relates to the amortization of deferred financing costs.

The tables below include information about New Enviri's revenues and operating income (loss) by reportable segment, along with significant segment expenses and other segment information, followed by a reconciliation of operating income (loss) by reporting segment to New Enviri's combined Income (loss) from continuing operations before income taxes and equity in income, for the periods presented:


	Three Months Ended March 31, 2026
(in thousands)	Harsco Environmental		Harsco Rail		Total Reportable Segments		Corporate		Total
Segment Profit and Loss:
Total revenues	$	256,717	$	67,331	$	324,048	$	—	$	324,048
Less:
Cost of services and products sold	218,007		57,972		275,979		—		275,979
Selling, general and administrative expenses (c)	31,968		13,019		44,987		(396)		44,591
Other segment activities (a)	738		798		1,536		11,075		12,611
Operating income (loss) from continuing operations	6,004		(4,458)		1,546		(10,679)		$	(9,133)
Plus:
Interest income									458
Interest expense									(26,687)
Facility fees and debt-related income (expense)									(2,294)
Defined benefit pension income (expense)									(3,937)
Income (loss) from continuing operations before income taxes and equity in income									$	(41,593)

Other Segment Information:
Depreciation	27,896		1,196		29,092		233		$	29,325
Amortization (b)	572		285		857		1,049		$	1,906
Capital expenditures	17,407		1,768		19,175		129		$	19,304


	Three Months Ended March 31, 2025
(in thousands)	Harsco Environmental		Harsco Rail		Total Reportable Segments		Corporate		Total
Segment Profit and Loss:
Total revenues	$	243,106	$	69,947	$	313,053	$	—	$	313,053
Less:
Cost of services and products sold	202,017		49,417		251,434		—		251,434
Selling, general and administrative expenses (c)	30,598		12,736		43,334		(146)		43,188
Other segment activities (a)	4,388		1,810		6,198		(1,698)		4,500
Operating income (loss) from continuing operations	6,103		5,984		12,087		1,844		$	13,931
Plus:
Interest income									454
Interest expense									(25,486)
Facility fees and debt-related income (expense)									(2,612)
Defined benefit pension income (expense)									(5,193)
Income (loss) from continuing operations before income taxes and equity in income									$	(18,906)

Other Segment Information:
Depreciation	25,509		1,032		26,541		281		$	26,822
Amortization (b)	540		67		607		951		$	1,558
Capital expenditures	14,094		780		14,874		98		$	14,972

(a) Other segment activities include amounts reflected in the captions Research and development costs, Other income (expenses), net, and certain activities reported in Cost of services and products sold on New Enviri's Condensed Combined Statements of Operations.

(b) Amortization expense in Corporate relates to the amortization of deferred financing costs.

(c) Selling, general and administrative expenses by segment differ from amounts reflected in the historical Enviri combined financial statements due to the full allocation of corporate costs in the Combined Financial Statements. See Note 17, Relationship with Parent and Related Entities for additional information.