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Harsco Corporation (HSC) is a global leader in providing environmental solutions and services, primarily through its Harsco Environmental division. The company specializes in managing and recycling industrial and specialty waste streams, with a strong focus on sustainability and environmental stewardship.
Headquartered in Philadelphia, Pennsylvania, Harsco operates in more than 150 locations across over 30 countries. The company serves a diverse customer base, including some of the world's largest steel manufacturers. Its core services include slag processing, metal recovery, scrap management, and raw material handling.
Recently, Harsco Environmental secured two significant three-year renewal contracts with Ternium Monterrey and Ternium Largos Norte, valued at $88 million. These contracts reaffirm Harsco's position as a preferred partner in the steel industry, providing comprehensive services such as slag pot carrying, slag processing, and metal recovery.
In addition to its work with Ternium, Harsco Environmental also renewed a two-year contract with ArcelorMittal Long Products in Quebec, Canada. This renewal underscores Harsco's commitment to delivering sustainable solutions that enhance operational efficiency and productivity in steel manufacturing.
Financially, Harsco continues to perform robustly, with a consistent focus on growth and innovation. The company is set to release its second quarter 2023 earnings on August 2, 2023, and will host a conference call to discuss the results. Investors and analysts can access the live call through the company’s website.
Harsco's commitment to sustainability and innovation makes it a key player in transforming industrial waste management. The company aims to help its clients achieve their sustainability goals by offering economically and environmentally viable solutions.
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Harsco Corporation (NYSE: HSC) has launched the Fullcircle program through its Clean Earth division, aiming to transform waste management into a more sustainable practice. This program analyzes waste generation at each source and offers tailored solutions for recycling and reuse, intending to achieve zero waste. Harsco's strategy is to derive over 90% of its revenue from environmental services, up from 80% currently. Fullcircle addresses upstream waste management and contamination reduction, making it easier for companies to meet their sustainability goals.
Harsco Corporation (NYSE: HSC) announced its Clean Earth division's new recycling solution for hand sanitizers, developed in response to increased disposal needs due to COVID-19. In 2020, the division salvaged 1.1 million pounds of non-viable sanitizer, saving costs and preventing hazards for customers. The solution includes recovering alcohol for use as gas fuel additive. Clean Earth successfully managed emergency cleanouts for a major retailer, recycling 800,000 pounds at 50 locations. This initiative exemplifies the company's commitment to sustainable waste management and increased customer compliance.
Harsco Corporation (NYSE: HSC) will participate in the Jefferies Virtual Business Services Summit on March 25, 2021. The company is recognized as a global leader in providing environmental solutions for industrial and specialty waste streams. Harsco operates in over 30 countries and employs approximately 13,000 people. Updated presentation materials are available on their website.
Harsco Corporation (NYSE:HSC) announced an amendment to its senior secured credit agreement, securing a new term loan B facility of $500 million and extending its $700 million revolving credit facility's maturity. The new term loan features a 2.25% interest rate over LIBOR and a maturity date of March 10, 2028. Proceeds will repay existing loans and cover transaction fees. The company also benefited from favorable covenant modifications, maintaining a leverage ratio cap of 5.75x through 2021. This transaction is seen as a positive move to enhance Harsco's financial flexibility.
CAMP HILL, Pa., March 1, 2021 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: HSC), a leader in environmental solutions for industrial waste, will participate in the Raymond James Institutional Investors Conference on March 3, 2021. Senior Vice President and CFO Pete Minan, alongside Investor Relations VP Dave Martin, will represent the company. Harsco, with 13,000 employees across over 30 countries, is included in the S&P SmallCap 600 Index and Russell 2000 Index, focusing on innovative technologies in both environmental solutions and the rail sector.
Harsco Corporation (NYSE: HSC) reported Q4 2020 results with a GAAP operating income of $11 million and a diluted loss per share of $0.07, which includes unusual items. Adjusted earnings per share for the quarter were $0.12. Full-year 2020 GAAP operating income was $21 million, with total revenues increasing to $1.86 billion, driven by acquisitions. For 2021, Harsco anticipates adjusted EBITDA to rise between $275 million and $295 million. The company is optimistic about the ongoing integration of ESOL and expects improved operating results across all segments in 2021, despite pandemic challenges.
Harsco Corporation (NYSE: HSC) announced that its Clean Earth division achieved the Gold Safety Award from the ConstructSecure Independent Safety Assessment Program for Waste Collection. The division scored 91.47 out of 100, with a perfect score in multiple categories, including OSHA experience and DART case rate, surpassing the industry average. Clean Earth reported zero past fatalities and a strong Experience Modification Rate. The company emphasized ongoing safety initiatives aimed at maintaining and improving their safety and compliance performance.
Harsco Corporation (NYSE: HSC) will report its fourth quarter and full year 2020 earnings on February 25, 2021, before NYSE market open. The results will be shared via newswire and on the company's website. A conference call for investors and analysts is scheduled for the same day at 9:00 a.m. ET, with details provided for dial-in options. Harsco, operating in more than 30 countries, specializes in environmental solutions and technologies for the rail sector.
Harsco's subsidiary, ALTEK, now provides comprehensive dross processing solutions for the global aluminum industry, marking its position as the first fully scalable service provider. The AluSalt™ technology enables effective recycling of salt slag, contributing to a zero waste goal. With operations in over 600 locations, ALTEK boasts a recovery rate exceeding 45% of aluminum. The aluminum sector anticipates a 40% demand growth by 2050, making ALTEK's solutions increasingly vital. The recent organizational rebranding and a new digital calculator further enhance its market positioning.
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