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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.
For more information, visit the Enviri Corporation website.
Harsco Corporation (NYSE: HSC) will release its third quarter 2022 earnings results on November 1, 2022, before the NYSE market opens. An investor conference call will be held on the same day at 9:00 a.m. ET, which will be accessible via the company’s website. Harsco, a global leader in environmental solutions with over 12,000 employees, operates in more than 30 countries and is part of the S&P SmallCap 600 Index and the Russell 2000 Index. Additional details can be found on their investor relations webpage.
Harsco Corporation (NYSE: HSC) released its 2021 Environmental, Social & Governance (ESG) Report, highlighting significant advances in sustainability. The company recycled approximately 14.3 million tons of materials and achieved 100% revenue from environmentally focused segments, up from 67% in 2016. Harsco launched 38 new environmental solutions, with a goal of avoiding 25 million tons of carbon emissions by 2025. Moreover, it exceeded its safety goal with a TRIR of 0.62. The report emphasizes Harsco's commitment to sustainable practices and innovative solutions.
Harsco Corporation (NYSE: HSC) announced a $31 million contract with Saudi Railway Company (SAR) for a 60-stone rail grinder, marking a significant milestone as their first contract in Saudi Arabia. Starting in 2022, Harsco Rail will also provide two years of grinding services. The company will establish a local presence with operators and mechanics in Saudi Arabia and a regional warehouse for parts. This collaboration underscores SAR's confidence in Harsco Rail’s technology and products, as Saudi Arabia continues to invest in its railway infrastructure as part of its Vision 2030 initiative.
Harsco Corporation (NYSE: HSC) announced an amendment to its senior secured credit facilities, enhancing its financial flexibility. The maximum net leverage ratio covenant for its revolving credit is reset to 5.50x of Adjusted EBITDA until Q4 2023, reducing to 4.00x by Q4 2024. This adjustment reflects Harsco's strategic commitment to improving its balance sheet amid economic uncertainties. The company expressed gratitude for the strong support from its banking group, aiming to reinforce its financial position during challenging market conditions.
Vontier Corporation announced the appointment of Anshooman Aga as Chief Financial Officer effective August 29, 2022. Mr. Aga succeeds David Naemura, who will assist in the transition until year-end. With over 20 years of finance experience, Aga has a strong background in growth and transformation across industrial sectors. He previously served as CFO at Harsco Corporation and Cubic Corporation. Vontier, a global technology leader in mobility solutions, expects Aga's expertise to enhance its financial performance and strategic growth initiatives.
Harsco Corporation has announced the resignation of Anshooman Aga as Chief Financial Officer, effective August 24, 2022. His departure is amicable and not related to any disagreements over corporate strategy or financial disclosures. Pete Minan, the former CFO, will serve as Interim Chief Financial Officer starting August 29, 2022, while the company searches for a permanent replacement. Harsco operates in over 30 countries and employs around 12,000 people, focusing on environmental solutions for industrial and specialty waste streams.
Harsco Corporation (NYSE: HSC), a leader in environmental solutions, will participate in several investor conferences in August and September 2022.
- Jefferies Industrials Conference: August 10, 2022
- Raymond James Diversified Industrials Conference: August 23, 2022
- Seaport Research Partners Annual Summer Investor Conference: August 24, 2022
- Stifel London Industrials & Renewables Summit: September 7, 2022
- Lake Street Annual Best Ideas Growth Conference: September 14, 2022
- D A Davidson Diversified Industrials & Services Conference: September 22, 2022
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