Enviri Corporation

Good afternoon. My name is Chuck, and I'll be your conference facilitator. At this time, I would like to welcome everyone to the Envire Corporation first quarter 2026 earnings release conference call. All lines have been placed on mute to avoid any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star then one on your telephone keypad. And if you would like to withdraw your question, please press star then two on your telephone keypad. Also, this telephone conference presentation and accompanying webcast made on behalf of Envire Corporation are subject to copyright by Envire Corporation and all rights are reserved. No recordings or redistributions of this telephone conference by any other party are permitted without the express written consent of Envire Corporation. Your participation indicates your agreement. I would now like to introduce Mr. Dave Martin of Enviry Corporation. Mr. Martin, you may begin the call.

Thank you, Chuck, and welcome to everyone joining us this afternoon. With me today is Nick Ratzberger, our Chairman and Chief Executive Officer, Russell Hockman, our President and Chief Operating Officer, and incoming CEO of New Enviry, Tom Vadekith, our Senior Vice President and Chief Financial Officer, and Pete Minan, the incoming CFO of New Enviry. Today, we will discuss our results for the first quarter, as well as our outlook for Harsco Environmental and Rail. After our prepared remarks, we will take your questions. Our quarterly earnings release and slide presentation for this call are available on our website. During today's call, we will make statements that are considered forward-looking within the meaning of the federal securities laws. These statements are based on our current knowledge and expectations and are subject to certain risks and uncertainties that may cause actual results to differ materially from those forward-looking statements. For a discussion of such risks and uncertainties, see the risk factors section in our most recent 10-K and as updated in subsequent 10-Qs. The company undertakes no obligation to revise or update any forward-looking statements. Lastly, on this call, we will refer to adjusted financial results that are considered non-GAAP for SEC reporting purposes, a reconciliation to GAAP results is included in the earnings release today as well as the slide presentation. I'll now turn the call to Nick to begin his prepared remarks.

Thank you, Dave, and good afternoon, everyone. Let me start with a brief status update on the Clean Earth sale and spinoff of new Enviri. Last week, our shareholders voted to approve the Clean Earth sale. and the Form 10 filing related to the new and virus spinoff was approved by the SEC and declared effective. As a result, we have now cleared the key regulatory milestones for both the sale and spinoff transactions and expect to close in approximately three weeks or June 1st, which is in line with our anticipated timing. We will announce the cash payout to shareholders from the Cleaner of Sales shortly, prior to closing. Our cash conversion range remains $14.50 to $16.50 per share. We are working diligently through the details related to the payout and won't comment further today on potential outcomes. With the Clean Air sale closing soon, this will be my last earnings call with Enviry. It has been a privilege and a pleasure to lead this company over the past 12 years. The professionalism displayed across the company over the years has been unmatched, and I'm grateful for the hard work and consistent support of our employees and our board. I'd like to recognize the employees of Clean Earth and our entire Envire team for their efforts and dedication in creating a better business and completing this successful yet complex transaction. It certainly provides a great outcome for our shareholders. And I wish the Clean Earth team well, and I'm confident they will thrive as part of EOIA. I'd also like to recognize Tom Vatiketh, who will be leaving Enviry when the transaction closes. Tom has been a driving force behind the tremendous value creation for our shareholders during his two and a half year tenure. Tom is liked and respected by all, and I simply cannot imagine a better partner for me and our colleagues during his time with our company. With that said, there is more value to be created here through New Enviry and under the leadership of Russell. New Enviry's implied valuation today is compelling, and we believe Harsco Environmental and Harsco Rail have attractive earnings growth potential. These are strong businesses poised to improve as demand rebounds in their respective markets. Margin growth for each will be further supported by the initiatives contemplated by Russell and team. New Enviro is in very good hands, and I look forward to watching its continued progress as a sizable shareholder. Russell, Tom, and Pete Minin will comment further on Q1, our outlook, and our priorities. Now over to Russell.