Harsco Q4 Results Top Estimates; Guides Q1, FY23 Below Estimates
(RTTNews) - Harsco Corp. (HSC) reported on Monday a fourth-quarter net loss from continuing operations attributable to common stockholders of $23.75 million or $0.30 per share, compared to net income of $10.12 million or $0.13 per share in the prior-year quarter.
Excluding items, adjusted earnings per share from continuing operations was $0.01, compared to last year's $0.22.
Net loss attributable to common stockholders was $36.72 million or $0.46 per share, wider than $24.34 million or $0.30 per share in the year-ago quarter.
Total revenues from continuing operations for the quarter increased 1 percent to $468.30 million from $462.07 million in the same quarter last year.
On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share on revenues of $460.05 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to the first quarter, the company expects to report a loss in a range $0.30 to $0.37 per share and adjusted loss in a range $0.23 to $0.30 per share, both from continuing operations.
For fiscal 2023, the company now projects a loss in a range of $0.50 to $0.80 per share and adjusted loss in a range of $0.23 to 0.52 per share, both from continuing operations.
The Street is currently looking for a loss of $0.08 per share for the quarter and earnings of $0.17 per share for the year.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Harsco Slashes FY22 Outlook As Q2 Results Top Estimates
Harsco Trims FY22 Adjusted EBITDA Outlook
TSX Ends Sharply Lower On Mixed Economic Data, Weak Commodities
Dollar Rises, Gains Against Major Counterparts
Swiss Market Ends On Buoyant Note
U.S. Dollar Higher Amid Risk Aversion
Major European Markets Close On Mixed Note
