HARSCO CORP Stock Price, News & Analysis

Harsco Corporation (NYSE: HSC) has renewed a five-year contract with Jindal Shadeed Iron and Steel LLC (JSIS), a major steel producer in Oman. This renewal focuses on environmental sustainability, as it allows JSIS to reduce its carbon footprint while managing slag and metal recovery. JSIS, with an annual steel production capacity of 2.4 million tons, benefits from Harsco's expertise, ensuring efficient and eco-friendly operations. The contract renewal underscores the strong partnership between the two companies, with Harsco Environmental committed to supporting JSIS's growth and operational needs.

Harsco Corporation has launched AssetSure™, an IT asset recycling and data destruction program aimed at small retail locations and remote companies. This initiative offers a streamlined process for shipping electronic waste to Clean Earth facilities for secure disposal. The program addresses the heightened need for e-waste management due to increased remote work, providing transparency and sustainability throughout the lifecycle of electronics. Since its inception, the program has recycled nearly 40,000 pounds of electronic assets and generated $60,000 in revenue share for clients.

Harsco Environmental has rebranded its Applied Products line to ecoproducts™, reflecting its commitment as an end-to-end solutions provider. The ecoproducts™ line features 62 products across seven industries, including steel and construction, focusing on sustainability and performance. This rebranding supports Harsco's strategy to tackle environmental challenges through innovative solutions. The launch is complemented by a new website aimed at enhancing user experience and product accessibility for customers worldwide.

Harsco Corporation (NYSE: HSC) announced its participation in upcoming investor conferences, emphasizing its role as a leader in environmental solutions for industrial waste. The events include the Stifel US Industrials Summit London on December 2, 2021, and the BMO Growth & ESG Conference on December 7, 2021. Company representatives include Anshooman Aga, Senior Vice President and CFO, and Dave Martin, Vice President. Harsco operates in over 30 countries and is a component of both the S&P SmallCap 600 Index and the Russell 2000 Index.

CAMP HILL, Pa., Nov. 04, 2021 – Clean Earth, a division of Harsco Corporation, launched its proprietary Orbit Service Software, enhancing customer service for regulatory compliance in the waste management sector. This new point-of-sale (POS) system provides real-time data exchange, allowing customers to access unique container IDs, laser shipping documents, and service summary reports. The initial rollout focuses on retail clients, with expansion plans to include manufacturing customers in 2022. Clean Earth's commitment to improving service quality and minimizing environmental impact is emphasized by this technology upgrade.

Harsco Corporation (NYSE: HSC) is set to participate in the Baird Global Industrial Conference on November 9, 2021. The company's representation will include Chairman and CEO Nick Grasberger and Vice President Dave Martin. Harsco is recognized as a leader in providing environmental solutions for industrial and specialty waste, operating in over 30 countries with a workforce of 12,000 employees. The company’s stock is listed on the S&P SmallCap 600 and Russell 2000 Index.

Harsco Corporation (HSC) reported Q3 2021 revenues of $544 million, a 7% increase from Q3 2020. Adjusted EBITDA rose 22% to $72 million. The company's Rail business is under review for sale, with plans to classify it as discontinued operations in Q4 2021. The Q4 2021 adjusted EBITDA guidance for continuing operations is $55 million to $62 million. Harsco is optimistic about finishing the year strong amid ongoing operational execution despite inflationary pressures and supply chain challenges.