Harsco Corporation (HSC) Posts Inline Q3 EPS; Issues Q4 Outlook

November 3, 2016 8:36 AM EDT

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Harsco Corporation (NYSE: HSC) reported Q3 EPS of $0.14, versus the analyst estimate of $0.14. Revenue for the quarter came in at $368 million versus the consensus estimate of $367.85 million.

Full Year 2016

  • GAAP operating income for the full year is expected to range from $60 million to $69 million; compared with $89 million in 2015.
  • Adjusted operating income for the full year is expected to range from $108 million to $117 million; compared with $105 million to $120 million previously and with $135 million in 2015.
  • Free cash flow in the range of $75 million to $85 million; compared with a previous range of $65 million to $80 million and with $24 million in 2015.
  • Net interest expense is forecasted to range from $50 million to $51 million.
  • GAAP loss per share for the full year in the range of $0.76 to $0.85, which does not take into account any charges related to the recent refinancing; compared with GAAP earnings per share of $0.09 in 2015.
  • Adjusted earnings per share for the full year in the range of $0.36 to $0.45; compared with $0.33 to $0.49 previously and $0.56 per share in 2015.
  • Adjusted return on invested capital is expected to range from 5.8 percent to 6.3 percent; compared with 6.3 percent in 2015.

Q4 2016

  • Adjusted operating income of $20 million to $29 million; compared with $26 million in the prior-year quarter.
  • Adjusted earnings per share of $0.06 to $0.11; compared with $0.11 in the prior-year quarter.

For earnings history and earnings-related data on Harsco Corporation (HSC) click here.



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