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Jun 30, 2022
Harsco Q2 2022 Earnings Report
Reported second quarter results
Key Takeaways
Harsco Corporation reported a mixed second quarter with revenues up 3% year-over-year to $481 million. However, the company experienced a GAAP operating loss of $97 million, including a $105 million non-cash goodwill impairment charge. Adjusted EPS was $0.01, while the company updated its full-year Adjusted EBITDA guidance to $210-$220 million and free cash flow projection to $115-$125 million.
Revenues from continuing operations totaled $481 million, a 3% increase over the prior-year quarter.
GAAP operating loss from continuing operations was $97 million, including a $105 million non-cash goodwill impairment charge.
Adjusted EBITDA totaled $49 million.
Implemented a profit improvement plan of $30+ million in the second half at Clean Earth to strengthen performance amidst inflation.
Revenue by Segment
Forward Guidance
The Company has updated its 2022 guidance to reflect heightened inflation challenges as well as the effects of foreign exchange translation. Actions are underway to mitigate these impacts through commercial efforts and cost reductions, however these actions are not expected to fully offset these pressures until 2023.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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