Last $18.42 USD
Change Today +0.05 / 0.27%
Volume 222.7K
HSC On Other Exchanges
Symbol
Exchange
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As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

harsco corp (HSC) Snapshot

Open
$18.44
Previous Close
$18.37
Day High
$18.49
Day Low
$18.10
52 Week High
12/30/13 - $28.50
52 Week Low
12/16/14 - $16.48
Market Cap
1.5B
Average Volume 10 Days
705.0K
EPS TTM
$0.80
Shares Outstanding
80.8M
EX-Date
01/13/15
P/E TM
23.0x
Dividend
$0.82
Dividend Yield
4.45%
Current Stock Chart for HARSCO CORP (HSC)

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harsco corp (HSC) Details

Harsco Corporation provides industrial services and engineered products worldwide. The company operates in three segments: Harsco Metals and Minerals, Harsco Rail, and Harsco Industrial. The Harsco Metals and Minerals segment provides on-site outsourced services to steel mills and other metal producers. Its services include slag processing; semi-finished inventory management; material handling; scrap management; in-plant transportation; and various other services. This segment also offers other products and services, such as minerals recycling technologies; environmental solutions for customers' waste streams; and granules for asphalt roofing shingles, as well as abrasives for industrial surface preparation derived from coal slag. The Harsco Rail segment designs and manufactures railway track maintenance equipment; and provides track maintenance services. Its customers include private and government-owned railroads, and urban mass transit systems. The Harsco Industrial segment manufactures industrial grating products, air-cooled heat exchangers, and boilers and water heaters. It serves industrial plants; non-residential, commercial, and public construction and retrofit markets; and natural gas exploration and processing industry. Harsco also holds an approximate 29 percent equity interest in Brand Energy & Infrastructure Services, a market-leading provider of specialized industrial services to the worldwide energy and infrastructure sectors. The company was founded in 1853 and is headquartered in Camp Hill, Pennsylvania.

12,300 Employees
Last Reported Date: 02/27/14
Founded in 1853

harsco corp (HSC) Top Compensated Officers

Chief Executive Officer, President, Chief Ope...
Total Annual Compensation: $443.5K
Vice President and Group President of Harsco ...
Total Annual Compensation: $271.7K
Vice President and Group President of Harsco ...
Total Annual Compensation: $271.7K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $340.0K
Vice President of Finance for Metals & Minera...
Total Annual Compensation: $280.2K
Compensation as of Fiscal Year 2013.

harsco corp (HSC) Key Developments

Harsco Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014 and Full Year of 2015; Revised Earnings Guidance for the Full Year of 2014

Harsco Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $526,377,000 compared to $740,045,000 a year ago. Operating income from continuing operations was $45,738,000 compared to loss of $208,377,000 a year ago. Income from continuing operations before income taxes and equity income was $31,946,000 compared to loss of $220,804,000 a year ago. Income from continuing operations was $25,570,000 or $0.30 per diluted share compared to loss of $231,165,000 or $2.89 per diluted share a year ago. Net income attributable to common shareholders was $23,635,000 or $0.29 per share basic and diluted compared to loss of $233,656,000 or $2.89 per share basic and diluted a year ago. Net cash provided by operating activities was $109,960,000 compared to $107,718,000 a year ago. Purchases of property, plant and equipment was $52,674,000 compared to $61,515,000 a year ago. Adjusted diluted EPS from continuing operations was $0.32 compared to $0.20 a year ago. Adjusted operating income excluding special items was $42 million compared to $55 million a year ago. For the nine months, the company reported total revenues of $1,573,653,000 compared to $2,215,176,000 a year ago. Operating income from continuing operations was $84,313,000 compared to loss of $131,745,000 a year ago. Income from continuing operations before income taxes and equity income was $42,830,000 compared to loss of $167,534,000 a year ago. Income from continuing operations was $23,463,000 or $0.25 per diluted share compared to loss of $193,787,000 or $2.49 per diluted share a year ago. Net income attributable to common shareholders was $20,799,000 or $0.26 per share basic and diluted compared to loss of $202,613,000 or $2.51 per share basic and diluted a year ago. Net cash provided by operating activities was $184,409,000 compared to $164,087,000 a year ago. Purchases of property, plant and equipment was $134,289,000 compared to $181,706,000 a year ago. Adjusted diluted EPS from continuing operations was $0.65 compared to $0.60 a year ago. Adjusted operating income for the full year 2014 is expected to range from $152 million to $157 million; versus $152 million in 2013 and a previous estimated range of $170 million to $180 million. Free cash flow in the range of $35 million to $65 million; unchanged. Net interest expense is forecasted to range from $44 million to $46 million; compared to previous range of $43 million to $47 million. Effective tax rate is expected to range from 34% to 36% before Brand Energy JV equity income; previously was 31% to 33%. Adjusted earnings per share for the full year 2014 in the range of $0.76 to $0.80; compared with $0.87 per share in 2013 and prior estimated range of $0.92 to $1.04. Adjusted return on invested capital is expected to range from 6.8% to 7.2%; previous range was 7.5% to 8.0%. The company expected adjusted operating income of $28 million to $33 million in fourth quarter 2014; compared with $30 million in the prior-year quarter. Adjusted earnings per share will be $0.11 to $0.15 in fourth quarter 2014; versus $0.20 in the prior-year period. The company expects 2015 capital spending to be in the $160 million, $170 million range.

Harsco Corporation Approves Amendments to the Bylaws

On October 28, 2014, the Board of Directors of Harsco Corporation approved amendments to the company's Bylaws, effectively immediately. The existing Bylaws have been amended to update the advance notice and related procedural and disclosure requirements by which a stockholder may propose business in connection with an annual meeting of stockholders. The existing Bylaws have been amended to provide that no person who shall have attained the age of seventy two (72) shall be eligible for election to the Board of Directors unless nominated by a three-fourths vote of the members of the Board present. The amendments to the Bylaws also include certain technical, conforming, modernizing and clarifying changes. After considering the potential cost and distraction to the company of having to litigate similar claims in multiple courts, the Board determined to add new Article X to the Bylaws providing that, unless the company consents in writing to the selection of an alternative forum, a state court located in the State of Delaware will be the sole and exclusive forum for the following actions: any derivative action or proceeding brought on behalf of the company; any action asserting a claim for breach of a fiduciary duty owed by any director, officer or other employee of the company to the company or the company's stockholders; any action arising pursuant to any provision of the Delaware General Corporation Law or the company's certificate of incorporation or by-laws; and any action asserting a claim against the company or any director or officer or other employee of the company governed by the internal affairs doctrine. The amendments to the Bylaws also include certain technical, conforming, modernizing and clarifying changes.

Harsco Corporation, Board Meeting, Jun 21, 1956

Harsco Corporation, Board Meeting, Jun 21, 1956.

 

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HSC

Industry Average

Valuation HSC Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.7x
Price/Book 2.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales 0.2x
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