Harsco Corporation Announces Preliminary Fourth Quarter 2019 Financial Results
Harsco Corporation (HSC)
Last harsco corporation earnings: 2/21 07:00 am
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US:NYSE Investor Relations:
harsco.com/investor-relations/index.aspx
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Source: GlobeNewswire
CAMP HILL, Pa., Jan. 23, 2020 (GLOBE NEWSWIRE) -- Harsco Corporation (NYSE: HSC) today announced preliminary financial results for the fourth quarter of 2019. On a preliminary basis for the fourth quarter, the Company currently expects revenues of approximately $400 million and U.S. GAAP operating income from continuing operations of approximately $20 million. Adjusted operating income (before acquisition-related amortization) is anticipated to be approximately $31 million. This adjusted operating income compares with the Company’s previous guidance for the quarter of between $53 million and $58 million. Additionally, the Company’s free cash flow totaled approximately $28 million in the quarter, or approximately $41 million before growth-related capital spending, and it ended the year with a net leverage ratio of 2.4x. The variance to guidance was driven by results in Harsco’s Environmental and Rail segments. Clean Earth performed well in the quarter, with the segment’s ad
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