HARSCO CORP Stock Price, News & Analysis

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.

Harsco Environmental enhances SteelPhalt's market position by committing to sustainability and innovation in asphalt production. The company utilizes 95% recycled aggregates for its eco-friendly asphalt, reducing the carbon footprint by 40%. SteelPhalt’s website has been revamped for better customer experience with automated features. Recently, two new asphalt plants opened in Cardiff and Rotherham to meet growing demand. With over 50 years of expertise, SteelPhalt aims to deliver high-performance solutions while addressing environmental challenges.