Harsco Corporation (HSC) Tops Q4 EPS by 7c

Harsco Corporation (NYSE: HSC) reported Q4 EPS of $0.16, $0.07 better than the analyst estimate of $0.09. Revenue for the quarter came in at $360 million versus the consensus estimate of $357.07 million.

Full Year 2017

• GAAP and adjusted operating income for the full year is expected to range from $100 million to $120 million; this compares with GAAP operating income of $63 million and adjusted operating income of $116 million in 2016.
• Free cash flow is expected in the range of $60 million to $80 million, including net capital expenditures of between $80 million and $90 million; compared with free cash flow of $100 million and net capital expenditures of $60 million in 2016.
• Net interest expense is forecasted to range from $45 million to $47 million.
• Effective tax rate is expected to range from 39 percent to 41 percent.
• GAAP and adjusted earnings per share for the full year are currently expected in the range of $0.32 to $0.50; this compares with GAAP loss per share of $1.07 and adjusted earnings per share of $0.48 per share in 2016.
• Adjusted return on invested capital is expected to range from 8.0 percent to 9.0 percent; compared with 6.9 percent in 2016.
• Q1 2017
• Adjusted operating income of $15 million to $20 million; compared with $18 million in the prior-year quarter.
• Adjusted (loss) earnings per share of $(0.01) to $0.04; compared with $0.03 in the prior-year quarter.

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

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