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Sep 30, 2021
Harsco Q3 2021 Earnings Report
Reported third quarter results and announced plans to explore strategic alternatives for Rail business.
Key Takeaways
Harsco Corporation reported a 7% increase in third-quarter revenues, totaling $544 million. GAAP operating income was $30 million, and adjusted EBITDA increased by 22% to $72 million. The company announced plans to explore strategic alternatives for its Rail business, aiming to become a pure-play environmental solutions provider.
Third Quarter Revenues totaled $544 Million, an increase of 7 percent from the prior year quarter.
Q3 GAAP Operating Income of $30 Million and Adjusted Q3 EBITDA totaled $72 Million, an increase of 22 Percent From the Prior Year Quarter.
Intends to Explore Strategic Alternatives for Rail Business, continuing the Company's Transformation to a Pure-Play Environmental Solutions Provider; Rail Business to be Reported as Discontinued Operations Beginning in the Fourth Quarter of 2021.
Q4 2021 Adjusted EBITDA Guidance Range for Continuing Operations of $55 Million to $62 Million; Range Also Includes Additional Corporate Costs ($1 Million Per Quarter) Previously Allocated to Rail.
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 now excludes Rail, as it will be reported as a discontinued operations going forward. Environmental's 2021 outlook is largely unchanged, while guidance includes a modest revision to Clean Earth's outlook due to infrastructure project delays and disposal constraints as well materials and labor inflation, partially offset by lower administrative spending.
Revenue & Expenses
Visualization of income flow from segment revenue to net income