Welcome to our dedicated page for HARSCO news (Ticker: HSC), a resource for investors and traders seeking the latest updates and insights on HARSCO stock.
The news archive associated with the former NYSE ticker HSC captures the transition of Harsco Corporation into Enviri Corporation and the company’s ongoing activities as an environmental solutions provider. Company announcements describe Enviri as focused on managing, recycling and beneficially reusing waste and byproduct materials through its segments Harsco Environmental, Clean Earth and Harsco Rail.
News items highlight several themes. One set of releases covers the corporate rebranding and ticker change from HSC to NVRI, explaining that the new name aligns with Enviri’s emphasis on environmental services and waste‑related solutions. Other announcements detail operational developments, such as contract renewals for Harsco Environmental with major steel producers including ArcelorMittal Long Products in Quebec and Ternium sites in Latin America. These stories describe services like slag processing, metal recovery, scrap management and melt shop support that underpin steel mill operations and environmental performance.
Clean Earth‑related news focuses on specialty waste treatment and partnerships. For example, a release describes a long‑term agreement with Veolia North America that gives Clean Earth access to incineration capacity at a hazardous waste treatment facility in Arkansas, aimed at providing reliable and efficient disposal options for environmental, household and industrial waste streams.
Governance and strategic direction also appear in the news flow. Items include board appointments at Enviri and an open letter from a stockholder urging leadership and structural changes, including a review of the rail segment and board composition. Together, these articles provide context on Enviri’s business focus, customer relationships, strategic priorities and the perspectives of some investors. Readers can use this news stream to follow how the company’s environmental services platform and corporate strategy have evolved since the days when it traded under the HSC ticker.
Harsco Corporation (NYSE: HSC) has announced its participation in several upcoming investor conferences. Key events include the Stifel 2022 Investor Summit at WasteExpo on May 9, 2022, featuring a live webcast, followed by the Goldman Sachs Leveraged Finance and Credit Conference on May 12, the Barrington Research Virtual Spring Conference on May 19, and the KeyBanc Industrials & Basic Materials Conference on June 1. The Loop Capital Markets Conference is scheduled for June 2, with the Stifel Cross Sector Insight Conference concluding the series on June 7.
Harsco Corporation (NYSE: HSC) announced the departure of David Stanton as president of its Clean Earth division, effective May 5, 2022. Stanton is leaving to pursue other opportunities after two years with the company. In the interim, Nick Grasberger, Chairman and CEO, will oversee the Clean Earth business along with the Corporate Executive Leadership Team. Grasberger thanked Stanton for his contributions, particularly in integrating Stericycle's Environmental Solutions into the division. A search for Stanton's successor will commence in the future.
Harsco Corporation (NYSE: HSC) reported first quarter 2022 revenues of $453 million, a 1% increase from the previous year, with a GAAP operating income of $8 million and adjusted EBITDA of $49 million. The company faced challenges from inflation and higher interest expenses, resulting in a GAAP loss per share of $0.09. Adjusted diluted loss per share was $0.01. Guidance for full-year adjusted EBITDA was narrowed to $250 million to $265 million. Free cash flow is projected at $25 million to $40 million amid continuing economic pressures.
SteelPhalt, a subsidiary of Harsco Corporation (NYSE: HSC), has launched SteelSurf ECO+, the world’s first carbon-negative asphalt product utilizing a lignin binder derived from trees. This innovative product features 95% recycled steel slag, replacing traditional oil-based bitumen, thereby significantly reducing its carbon footprint. SteelPhalt aims to become the most sustainable asphalt supplier, reflecting its commitment to innovation and environmental responsibility. The launch represents a significant advancement in the sustainability of asphalt production.
Harsco Corporation (HSC) reports that over 80% of its revenue now stems from environmental solutions, an increase from 60% four years ago. In 2021, its Clean Earth division recycled more than 8 billion pounds of waste, achieving 93% recycling efficiency. Key figures include 362 million pounds of hazardous waste and 3.26 million tons of contaminated soil recycled. Clean Earth has expanded services in the hospitality and convenience store industries, aiming for further growth in environmental revenue.
Harsco Corp. (NYSE: HSC) held its 67th Annual Meeting of Stockholders virtually on April 20, 2022. During the meeting, stockholders approved the election of all nine nominees to the Board of Directors, ensuring their service until the next Annual Meeting in 2023. Additionally, the appointment of PricewaterhouseCoopers LLP as Independent Auditors for the fiscal year ending December 31, 2022, was ratified. A Non-Binding Advisory Vote on Executive Officer Compensation was also approved, reflecting stockholder engagement in company governance.
Harsco Corporation (NYSE: HSC) will release its first quarter 2022 earnings on May 3, 2022, before the NYSE opens. The results will be shared through newswire and posted on the company's website. Following the announcement, a conference call will be held at 9:00 a.m. ET on the same day, with a dial-in option for both U.S. and international investors. Harsco Corporation specializes in providing environmental solutions for industrial and specialty waste, operating in over 30 countries with a workforce of around 12,000.
CAMP HILL, Pa., March 16, 2022 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: HSC) announced management's participation in the Jefferies Services Summit on March 24, 2022. Senior Vice President and CFO Anshooman Aga, alongside Vice President Dave Martin, will represent the company. Harsco is a global provider of environmental solutions for industrial waste, operating in over 30 countries with 12,000 employees. The company is part of the S&P SmallCap 600 and Russell 2000 indices. More details are available at www.harsco.com.
Harsco's Clean Earth division has secured the only on-site hazardous soil and sediment waste treatment permit in Connecticut, enhancing its mobile service capabilities. This permit enables the company to treat up to 1,600 tons per day, promoting sustainability by allowing treated materials to be reused on-site. The initiative could cut treatment costs by up to 50% compared to traditional disposal methods. Clean Earth aims to address historically contaminated sites in New England, showcasing significant potential in a former manufacturing hub.
Harsco Corporation reported fourth-quarter 2021 revenues of $462 million, a 7% increase year-over-year. GAAP operating income was $16 million, with adjusted EBITDA totaling $58 million. For 2021, total revenues reached $1.8 billion, up 20%, with GAAP operating income increasing to $88 million. Looking ahead, the company anticipates 2022 adjusted EBITDA between $255 million and $275 million and aims for improved cash flow. Harsco plans to divest its Rail business as part of its strategic realignment.