logo
Plus   Neg
Share
Email

Harsco Corp. Q1. Adj. EBITDA Rises; Revenue Up 21% - Quick Facts

Harsco Corp. (HSC) reported first quarter adjusted earnings per share from continuing operations of $0.16 compared to $0.18, previous year. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.02, for the quarter. Analysts' estimates typically exclude special items. Excluding unusual items, adjusted EBITDA was $57 million compared to $54 million, last year. The company said this increase is attributable to the Clean Earth acquisition and lower adjusted Corporate spending.

First quarter consolidated total revenues from continuing operations were $399 million, an increase of 21 percent from last year due to higher revenues in the Rail segment and the acquisition of Clean Earth in mid-2019. Analysts expected revenue of $385.1 million for the quarter.

"While Harsco had a positive start to the year, with better than anticipated results in Clean Earth and Rail and the completion of our ESOL acquisition, we have had to shift our immediate priorities to include addressing the impact of the COVID-19 pandemic," said CEO Nick Grasberger.

Shares of Harsco Corp. were up more than 6% in pre-market trade on Friday.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Lord & Taylor joined the growing list of U.S. retailers who filed for bankruptcy amid the coronavirus pandemic. Lord & Taylor, one of the oldest department store chains in the U.S., filed for bankruptcy protection in the Eastern Court of Virginia on Sunday. The company operated 38 stores that have remained temporarily closed since March this year due to the pandemic. Thomson International Inc. is recalling Red, Yellow, White, and Sweet Yellow Onions for potential contamination with Salmonella, according to a statement by the U.S. Food and Drug Administration or FDA. The onions are in distribution since May 1, 2020. They were sold to wholesalers, restaurants, and retail stores in all 50 U.S. states, the District of Columbia and Canada. Tyson Foods, Inc. (TSN) reported third quarter adjusted net income per share attributable to company of $1.40 compared to $1.47, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude...
RELATED NEWS
Follow RTT