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Mar 31, 2021
Harsco Q1 2021 Earnings Report
Harsco delivered solid operational and financial performance, exceeding expectations in each business.
Key Takeaways
Harsco Corporation reported strong first quarter 2021 results, with revenues of $529 million and adjusted EPS of $0.15. The company's performance exceeded expectations across all business segments, driven by strong execution and improving market conditions. Based on these results, Harsco raised its full-year 2021 adjusted EBITDA guidance.
First quarter revenues totaled $529 million, an increase compared with both the sequential and prior year quarters
Q1 GAAP Operating Income Of $25 Million And GAAP Diluted Earnings Per Share Of $0.02
Q1 Adjusted Earnings Per Share Of $0.15
Adjusted Q1 EBITDA Totaled $66 Million; Exceeding Previous Guidance Range And Prior-Year Performance
Revenue by Segment
Forward Guidance
The Company's has increased its 2021 guidance to reflect business momentum and improved visibility in each of its businesses, relative to the outlook provided with the Company's fourth quarter 2020 results.
Positive Outlook
- Environmental outlook is improved to reflect higher services and applied products demand, increased commodity prices and lower administrative spending.
- Clean Earth outlook is improved to reflect increasing demand for hazardous waste processing services and stronger margin performance.
- Rail outlook is improved principally as a result of strengthening demand for rail maintenance equipment as well as aftermarket parts, including in Asia.
- performance in the contaminated materials line of business is expected to strengthen in the coming quarters as a result of favorable trends within regional non-residential construction markets.
- Corporate spending is expected to range from $36 million to $37 million for the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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