Harsco Corp. (HSC) Posts Q1 EPS of $0.20

Harsco Corp. (NYSE: HSC) reported Q1 EPS of $0.20, which may not compare to the analyst estimate of $0.10. Revenue for the quarter came in at $451.6 million versus the consensus estimate of $486.33 million.

"We are pleased with our first quarter operating results," said President and CEO Nick Grasberger. "Our results reflect continued strength of Rail and success in effectively managing through ongoing energy market challenges in Industrial. During the quarter, we also realized incremental benefits from our improvement plan in Metals & Minerals. However, the external pressures on this segment intensified through the first quarter. These challenges, which include the strengthening U.S. dollar, falling commodity prices and weak steel demand, lead us to reset our expectations for the year."

"Our revised 2015 outlook continues to indicate stable-to-improving key financial metrics such as free cash flow, ROIC and EBITDA-Capex. This fact illustrates our considerable internal progress net of the external headwinds. We continue to execute against strategic priorities and opportunities outlined over a year ago. Metals & Minerals is focused on delivering the efficiency and structural benefits under Project Orion, while Industrial is investing in manufacturing capabilities and new products to strengthen our market position. Lastly in Rail, we are poised to begin delivering under our sizable contract with SBB and we are very encouraged by the major contract opportunities which position this business for further growth. Overall, we remain confident these initiatives will balance our portfolio, support our dividend and help us toward delivering our financial targets."

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

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