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Jun 30, 2021
Harsco Q2 2021 Earnings Report
Reported strong growth and operational momentum across all businesses.
Key Takeaways
Harsco Corporation reported a revenue of $570 million, a 27% increase compared to the prior year. GAAP operating income was $36 million, with a GAAP diluted earnings per share of $0.18. Adjusted EBITDA totaled $78 million, and adjusted earnings per share were $0.28.
Second Quarter Revenues totaled $570 Million, an increase of 27 percent from the prior year.
Q2 GAAP Operating Income of $36 Million and GAAP Diluted Earnings Per Share of $0.18.
Adjusted Q2 EBITDA totaled $78 Million, at upper-end of previous guidance range.
Q2 Adjusted Earnings Per Share of $0.28.
Harsco
Harsco
Harsco Revenue by Segment
Revenue by Segment
Harsco Environmental Revenue
CapyFin.comClean Earth Revenue
CapyFin.comHarsco Rail Revenue
CapyFin.com Forward Guidance
The Company's 2021 guidance is unchanged relative to the outlook provided with the Company's first quarter 2021 results. Adjusted Corporate spending is still expected to range from $36 million to $37 million for the year.
Positive Outlook
- Favorable demand for underlying services and products as well as higher commodity prices are expected to increase adjusted EBITDA compared with 2020 for the Environmental segment.
- Adjusted EBITDA is projected to increase due to the full-year impact of ESOL ownership for Clean Earth.
- Underlying organic growth for hazardous material services is expected for Clean Earth.
- Integration benefits are expected for Clean Earth.
- Higher anticipated demand for equipment and technology products, as well as higher contract services contributions are expected to increase adjusted EBITDA versus 2020 for the Rail segment.
Challenges Ahead
- Additional allocation of Corporate costs is expected for Clean Earth.
- Investments which include various non-recurring expenditures are expected for Clean Earth.
- The nature of the Company's business, together with the number of countries in which it operates, subject it to changing economic conditions.
- The nature of the Company's business, together with the number of countries in which it operates, subject it to competitive conditions.
- The nature of the Company's business, together with the number of countries in which it operates, subject it to regulatory conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income