Harsco Corp (HSC.N) Key Developments | Reuters.com
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Harsco Corp (HSC.N)

HSC.N on New York Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Harsco Corp gives FY, Q2 2016 guidance
Wednesday, 4 May 2016 07:00am EDT 

Harsco Corp:Expects FY 2016 adjusted operating income to range from $80 million to $100 million.Expects FY 2016 adjusted earnings per share in the range of $0.13-$0.33.Expects Q2 2016 adjusted operating income in the range of $22 million to $27 million.Expects Q2 2016 adjusted earnings per share in the range of $0.02 to $0.07.  Full Article

Harsco Corporation suspends quarterly dividend to preserve financial flexibility
Friday, 26 Feb 2016 07:00am EST 

Harsco Corporation:Suspends quarterly dividend to preserve financial flexibility.Has elected to suspend Company's quarterly dividend starting with second quarter of 2016 given economic uncertainties evident within the Company's underlying businesses.  Full Article

Harsco Corporation says 15-year contract for onsite mill services at tangshan plate mill facility of China's Hebei Iron & Steel Group
Thursday, 4 Feb 2016 04:32pm EST 

Harsco Corporation:Says 15-year contract for onsite mill services at tangshan plate mill facility of China's Hebei Iron & Steel Group.Contract valued at approximately $125 million.  Full Article

Harsco Amends Credit Agreement; Increases Size of Facility to $600 Million From $500 Million
Wednesday, 2 Dec 2015 09:03am EST 

Harsco Corporation:entered into an amendment of its 2012 credit agreement that increases the credit available to the Company by $100 million, extends the termination date of the agreement to June 2019, and provides the Company additional flexibility under its financial covenants.amended facility was issued through a consortium of 13 banks, led by Citigroup.new facility includes a $350 million revolver and a $250 million term loan, as compared to a $500 million facility previously, and also now includes a maximum net leverage covenant of 4.0x through 2016.  Full Article

Harsco Corporation approved a quarterly dividend of $0.051 per share beginning with the first quarter 2016
Monday, 9 Nov 2015 07:03am EST 

Harsco Corporation:Says approved a quarterly dividend of $0.051 per share beginning with the first quarter 2016 dividend payment on February 16, 2016 to shareholders of record date as on January 15, 2016.  Full Article

Harsco Corp narrows FY 2015 operating income guidance
Monday, 9 Nov 2015 07:00am EST 

Harsco Corp:Says FY 2015 adjusted operating income guidance narrowed to range of $125 million to $130 million.  Full Article

Harsco Corp to pursue strategic options for separation of its Metals & Minerals Business
Monday, 9 Nov 2015 07:00am EST 

Harsco Corp:Board of Directors has unanimously determined to pursue strategic options for the separation of the Company's Metals & Minerals segment from the Industrial and Rail businesses and Brand joint venture.Authorized its lead advisor, Goldman, Sachs & Co. to commence a formal process to evaluate all options for implementing a separation of Metals & Minerals, including but not limited to a potential sale or tax-free spinoff.Harsco expects to commence a formal strategic review process in the next several weeks.  Full Article

Harsco Corporation announces $60 million contract renewal in Italy for Onsite Steel Mill Services
Tuesday, 8 Sep 2015 03:20pm EDT 

Harsco Corporation:Says Contract renewal of Harsco metals & minerals onsite mill services at acciai speciali terni stainless steel works in terni.Says the award is valued at approximately $60 million in projected revenues over its duration.Says award adds to three other Harsco service renewals at the site last year.  Full Article

Harsco Corp lowers FY 2015 earnings guidance; gives Q3 2015 earnings guidance below analysts' estimates
Wednesday, 5 Aug 2015 07:00am EDT 

Harsco Corp:Expects FY 2015 adjusted operating income (EBIT) to range from $120 million to $135 million; compared with previous range of $145 million to $160 million.Expects FY 2015 adjusted earnings per share (EPS) in the range of $0.41 to $0.55; compared with previous range of $0.68 to $0.82.Expects Q3 2015 adjusted operating income of $20 million to $25 million.Expects Q3 2015 adjusted earnings per share of $0.05 to $0.09.FY 2015 EBIT of $150 million and EPS of $0.73 - Thomson Reuters I/B/E/S.Q3 2015 EBIT of $43 million and EPS of $0.25 - Thomson Reuters I/B/E/S.  Full Article

Harsco Corporation declares regular quarterly cash dividend
Thursday, 30 Jul 2015 10:01am EDT 

Harsco Corporation:Declared a regular quarterly cash dividend of $0.205 per share.Payable on November 16.Record date as on October 15.  Full Article

BRIEF-Harsco Q1 adjusted EPS $0.03 from continuing operations excluding items

* Q1 adjusted earnings per share $0.03 from continuing operations excluding items