HARSCO CORP Stock Price, News & Analysis

Harsco Corporation (NYSE: HSC), a leader in environmental solutions, will participate in several investor conferences in May and June 2023. These include the Oppenheimer’s 18th Annual Industrial Growth Conference on May 8, Gabelli 9th Annual Waste & Recycling Symposium in New York on May 11, KeyBanc Industrials & Basic Materials Conference in Boston on June 1, and the Stifel Cross Sector Insight Conference in Boston on June 7. Harsco, with over 13,000 employees operating in more than 30 countries, offers innovative waste management and rail industry technologies. The company is a component of the S&P SmallCap 600 and the Russell 2000 Index.

Harsco Corporation (NYSE: HSC) announced the release date for its first quarter 2023 earnings results, set for May 3, 2023, before the NYSE market opens. The company will concurrently hold a conference call and webcast at 10:00 a.m. ET on the same day. Investors can access the call by dialing (833) 634-5019 for US participants and (412) 902-4237 for international participants. Harsco operates in over 30 countries, providing environmental solutions for industrial waste, and employs approximately 12,000 people. Its stock is included in the S&P SmallCap 600 Index and the Russell 2000 Index. For further details, interested parties can visit Harsco's Investor Relations website.

Harsco Corporation (NYSE: HSC) announced the appointment of Jeffrey Beswick as Senior Vice President and President of Clean Earth, effective May 1, 2023. Mr. Beswick brings nearly 30 years of experience in environmental services, previously serving as Chief Commercial Officer at Valicor Environmental Services. His leadership saw significant earnings growth and successful acquisitions. He succeeds Jim Bell, who acted as Interim President. Harsco's Clean Earth division is a leading provider of remediation and recycling solutions, operating 91 locations across the U.S. The company emphasizes safety and environmental compliance.

Harsco Corporation (NYSE: HSC) has secured a five-year contract valued at over $130 million with Network Rail, the UK’s largest railway infrastructure manager, effective May 27, 2023. The contract involves the operation and maintenance of 14 stoneblowers, which automate railroad track repair processes. This deal doubles Harsco's business presence in the UK, reaffirming Network Rail’s trust in Harsco Rail's expertise. The partnership builds on Harsco Rail's prior collaborations with Network Rail on various rail maintenance services since 2004.

Harsco Environmental announced that its ecoproducts™ business, SteelPhalt, has secured a grant from the Industrial Energy Transformation Fund (IETF) in the UK. The funding will support research into energy-efficient asphalt production aimed at reducing carbon emissions and energy costs. The feasibility study will explore capturing waste heat from production processes to generate electrical power, enhancing sustainability. SteelPhalt's approach utilizes steel slag, minimizing landfill waste while replacing carbon-intensive materials. This initiative is part of Harsco's commitment to becoming a leader in sustainable asphalt solutions.

Applied Industrial Technologies (NYSE: AIT) announced the appointment of Jon S. Ploetz as Vice President, General Counsel & Secretary, succeeding Fred D. Bauer, who retired after 30 years. Ploetz, previously at Harsco Corporation, brings over 20 years of legal expertise across corporate governance and M&A. His educational background includes a Bachelor's in Statistics and Management from Luther College and a Juris Doctor from the University of Colorado School of Law. The transition marks a strategic move as the company advances its long-range growth plan and governance practices.

Harsco Corporation (NYSE: HSC) has elected Timothy M. Laurion to its Board of Directors. Laurion, who recently retired from Bank of America after a 41-year career, brings extensive experience in the Environmental Services sector, having structured over $100 billion in credit facilities. His role will focus on the Board’s Audit and Governance Committees. Concurrently, Mario Longhi has resigned from the Board due to other commitments, not stemming from any disagreement with the company. Harsco's Chairman expressed gratitude for Longhi's contributions during his tenure, highlighting the company's ongoing growth strategy in environmental solutions.

Harsco Corporation (NYSE: HSC) reported a fourth quarter 2022 revenue of $468 million, a 6% increase year-over-year excluding foreign exchange impacts. GAAP operating income was $2 million, while adjusted EBITDA surged to $61 million, exceeding guidance. For the full year, revenue grew to $1.89 billion but resulted in a GAAP operating loss of $57 million. The company anticipates improved financial performance in 2023, with adjusted EBITDA expected between $240 million and $260 million. The ongoing focus will be on capital discipline and operational efficiencies.