Harsco Corp. Updates FY18 Guidance - Quick Facts

(RTTNews) - Harsco Corp. (HSC) announced adjusted earnings per share from continuing operations for the full year are expected in the range of $1.11 to $1.24; versus $0.97 to $1.14 previously. Free cash flow is expected in the range of $85 million to $100 million, versus $80 million to $100 million previously. The company's 2018 guidance is increased to reflect revised forecasts for the Metals & Minerals and Industrial segments as compared with the guidance provided along with the fourth quarter 2017 results.

On a U.S. GAAP basis, first quarter 2018 diluted earnings per share from continuing operations were $0.22. This is compared with first quarter of 2017 GAAP diluted earnings per share from continuing operations of $0.11. Total revenues were $408 million, an increase of 10 percent compared with the prior-year quarter as a result of higher revenues in the company's Metals & Minerals and Industrial segments. The first quarter of 2018 included revenues of approximately $8 million related to the company's multi-year contracts with SBB, or the federal railway system in Switzerland.