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Harsco Corporation (HSC) delivers essential environmental solutions to global industries through innovative waste management and metal recovery services. This dedicated news hub provides investors and industry professionals with timely updates on HSC's operational developments and financial milestones.
Access official press releases covering strategic contracts, quarterly earnings reports, and sustainability initiatives. Track the company's progress in serving major manufacturers through key service areas including slag processing, industrial recycling, and raw material optimization.
Discover updates on Harsco's international partnerships and technological advancements that drive circular economy solutions. The curated news selection enables stakeholders to monitor regulatory impacts, market expansions, and operational efficiencies across 30+ countries.
Bookmark this page for direct access to HSC's verified corporate communications. Combine strategic insights with fundamental analysis using our comprehensive repository of environmental services industry updates.
Harsco Corporation (HSC) reported third quarter 2022 revenues of $487 million, a 4% increase year-over-year, despite foreign currency translation impacts. GAAP operating income from continuing operations reached $30 million, and adjusted EBITDA was $70 million, exceeding guidance. Earnings per share (EPS) were $0.01 GAAP and $0.10 adjusted. The company raised its full-year adjusted EBITDA guidance to $216 - $223 million. The Clean Earth segment showed robust growth, while Environmental faced challenges from currency effects and operational costs.
Harsco Corporation (NYSE: HSC) will release its third quarter 2022 earnings results on November 1, 2022, before the NYSE market opens. An investor conference call will be held on the same day at 9:00 a.m. ET, which will be accessible via the company’s website. Harsco, a global leader in environmental solutions with over 12,000 employees, operates in more than 30 countries and is part of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional details can be found on their investor relations webpage.
Harsco Corporation (NYSE: HSC) released its 2021 Environmental, Social & Governance (ESG) Report, highlighting significant advances in sustainability. The company recycled approximately 14.3 million tons of materials and achieved 100% revenue from environmentally focused segments, up from 67% in 2016. Harsco launched 38 new environmental solutions, with a goal of avoiding 25 million tons of carbon emissions by 2025. Moreover, it exceeded its safety goal with a TRIR of 0.62. The report emphasizes Harsco's commitment to sustainable practices and innovative solutions.
Harsco Corporation (NYSE: HSC) announced a $31 million contract with Saudi Railway Company (SAR) for a 60-stone rail grinder, marking a significant milestone as their first contract in Saudi Arabia. Starting in 2022, Harsco Rail will also provide two years of grinding services. The company will establish a local presence with operators and mechanics in Saudi Arabia and a regional warehouse for parts. This collaboration underscores SAR's confidence in Harsco Rail’s technology and products, as Saudi Arabia continues to invest in its railway infrastructure as part of its Vision 2030 initiative.
Harsco Corporation (NYSE: HSC) announced an amendment to its senior secured credit facilities, enhancing its financial flexibility. The maximum net leverage ratio covenant for its revolving credit is reset to 5.50x of Adjusted EBITDA until Q4 2023, reducing to 4.00x by Q4 2024. This adjustment reflects Harsco's strategic commitment to improving its balance sheet amid economic uncertainties. The company expressed gratitude for the strong support from its banking group, aiming to reinforce its financial position during challenging market conditions.
Vontier Corporation announced the appointment of Anshooman Aga as Chief Financial Officer effective August 29, 2022. Mr. Aga succeeds David Naemura, who will assist in the transition until year-end. With over 20 years of finance experience, Aga has a strong background in growth and transformation across industrial sectors. He previously served as CFO at Harsco Corporation and Cubic Corporation. Vontier, a global technology leader in mobility solutions, expects Aga's expertise to enhance its financial performance and strategic growth initiatives.
Harsco Corporation has announced the resignation of Anshooman Aga as Chief Financial Officer, effective August 24, 2022. His departure is amicable and not related to any disagreements over corporate strategy or financial disclosures. Pete Minan, the former CFO, will serve as Interim Chief Financial Officer starting August 29, 2022, while the company searches for a permanent replacement. Harsco operates in over 30 countries and employs around 12,000 people, focusing on environmental solutions for industrial and specialty waste streams.
Harsco Corporation (NYSE: HSC), a leader in environmental solutions, will participate in several investor conferences in August and September 2022.
- Jefferies Industrials Conference: August 10, 2022
- Raymond James Diversified Industrials Conference: August 23, 2022
- Seaport Research Partners Annual Summer Investor Conference: August 24, 2022
- Stifel London Industrials & Renewables Summit: September 7, 2022
- Lake Street Annual Best Ideas Growth Conference: September 14, 2022
- D A Davidson Diversified Industrials & Services Conference: September 22, 2022
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