Executive readout · one minute
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5 customers — 54% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in Rail accounted for approximately 54% of revenues in that Segment and 6% of the Company's consolidated revenues.”
5 customers — 37% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in HE accounted for approximately 37% of revenues in that Segment and 17% of the Company's consolidated revenues.”
5 customers — 27% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in CE accounted for approximately 27% of the revenues in that Segment and 12% of the Company's consolidated revenues.”
5 customers — 17% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in HE accounted for approximately 37% of revenues in that Segment and 17% of the Company's consolidated revenues.”
5 customers — 12% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in CE accounted for approximately 27% of the revenues in that Segment and 12% of the Company's consolidated revenues.”
One customer — 10% of revenue (2025, 2024, and 2023)
“In 2025, 2024, and 2023, CE had one customer that provided in excess of 10% of its revenue.”
2 customers — 10% of revenue (2025 and 2024)
“In 2025 and 2024, Rail had two customers that provided more than 10% of the segment total revenues and, in 2023, Rail had one customer that provided more than 10% of the segment total revenues.”
One customer — 10% of revenue (2025, 2024 and 2023)
“In 2025, 2024 and 2023, HE had one customer that provided in excess of 10% of its revenues under multiple long-term contracts at several mill sites.”
5 customers — 6% of revenue (the year ended December 31, 2025)
“For the year ended December 31, 2025, the Company's top five customers in Rail accounted for approximately 54% of revenues in that Segment and 6% of the Company's consolidated revenues.”
One customer — 10% of revenue (each of the past three years)
“HE had one customer in each of the past three years that provided more than 10% of this segment's revenues, again under many long-term contracts at multiple sites.”
Earnings call · FY2026 Q2
Executive readout · one minute
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Management tone
Cautious
Net tone -30 · low hedging
Forward guidance
2 guided metrics
Management's latest ranges and targets are included below.
Research coverage
5 live sources
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From the 8-K filed Aug 11, 2026.
| Metric | Period | Guided | Basis |
|---|---|---|---|
|
Harsco Environmental Adjusted EBITDA
2026
|
$170M – $180M | Non-GAAP | |
|
Harsco Rail Adjusted EBITDA
2026
|
$-26M – $-19M | Non-GAAP |
How the reported period landed and where the business moved.
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these contract exits? Well, we've started already, and some of those are reflected in the numbers. So as you heard, we've shut down the factory in Ludington, Michigan. We've been ramping down the European facility that supports the DB contract. We've made significant changes at our South Carolina facility. The one thing just to keep in mind, Devin, is that some of the people who have been supporting the Deutsche Bahn contract in Europe also support the SBB contract. So there's some overlap there that we may not be able to get to immediately, but those actions have already been undertaken.
Okay, makes sense.
I'll turn it over.
Thank you. This concludes our question and answer session. I would like to turn the conference back over to Mr. Martin for any closing remarks. Please go ahead. Yeah, thank you for joining us this morning. Feel free to call me with any follow-up questions. And as always, we appreciate your interest and inquiry and look forward to speaking with you in the near future. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect.
Company presentation
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SEC filing · Item 2.02
Filed Aug 11, 2026 · complete as-filed document
SEC periodic report
Filed Aug 11, 2026 · complete as-filed document