Harsco Announces Improved 2017 Outlook - Quick Facts

(RTTNews) - Harsco Corporation (HSC) announced, for 2017, adjusted earnings per share are currently expected in the range of $0.55 to $0.69; compared with a guidance of $0.47 to $0.61 previously. Free cash flow is expected in the range of $80 million to $95 million; compared with free cash flow guidance of $70 million to $85 million previously. The company's 2017 outlook is improved to reflect raised forecasts for the Metals & Minerals and Industrial segments as compared with the guidance previously provided.

Second-quarter earnings per share from continuing operations were $0.22 compared with adjusted earnings per share from continuing operations of $0.15 in the second quarter of 2016. Total revenues were $395 million, an increase of 7 percent compared with the prior-year quarter. The company said this change is attributable to higher revenues in each of its segments. Foreign currency translation negatively impacted second quarter 2017 revenues by approximately $5 million.