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Harsco

 

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HARSCO (HSC) Stocks

ABOUT HARSCO

? Harsco Corporation is an industrial services and engineering company.

? Its portfolio includes approximately 50 different products and services that is offered through more than 130 facilities in 30 countries.

? Harsco operates through four divisions. The company’s Harsco Environment division offers environmental services and processes materials. These are supplied to metal and steel industries across the globe.

? Its Clean Earth division processes, treats and recycles hazardous and non-hazardous waste, dredged material as well as contaminated soil. It has 27 facilities in the United States.

? The Harsco Industrial division offers industrial products and solutions to a number of industries.

? Its Harsco Rail division provides technical solutions and railway track maintenance to railroads in order to operate efficiently while reducing fuel and other costs.

? Harsco Corporation employs more than 11 000 people and is headquartered in Camp Hill, Pennsylvania.

HISTORY OF HARSCO

  • A few entrepreneurs found the Harrisburg Car Manufacturing Company in 1853. The company manufactures railroad freight cars in its Pennsylvania manufacturing facility.

  • Years later the company starts manufacturing agricultural steam engines and boilers, machinists’ tools, farming tools, refrigerated cars and oil tank cars.

  • It would later become the Harrisburg Pipe and Pipe Bending Company and in 1935 it is renamed Harrisburg Steel Corporation.

  • It buys other businesses and expands its portfolio considerably.

  • During the 1950’s the company starts producing gas containment equipment and recovers metal from steel mills. In 1956 Harrisburg and its subsidiaries merges and forms Harsco Corporation. It starts trading on the New York Stock Exchange soon after.

  • Over the next 60 years the company purchases numerous companies and expands its portfolio into heat and boiler exchanger manufacturing markets.

  • In 2018 Harsco buys ALTEK Group and adds aluminum producer and recycler to its portfolio.

  • Harsco Metals & Minerals is renamed Harsco Environmental.

  • In 2019 the company buys Clean Earth, one of the largest waste management companies in the United States.

VISION & VALUES OF HARSCO

  • Harsco Corporation values its employees, environment, communities, shareholders and customers.

  • The company is committed to providing a healthy and safe work environment and employs highly skilled members that adds value to the company.

  • Harsco’s goals are to provide positive experiences for customers, create inclusion, conduct operations with integrity and ethical principles, respect one another and operate sustainably.

  • The company is also committed to its environmental, social and governance (ESG) responsibilities and these are kept in mind when decisions are made.

MARKET PERFORMANCE OF HARSCO

  • Harsco Corporation trades on the New York Stock Exchange under the NYSE stock symbol “HSC”.

  • Data analysis for the company’s quarterly period ending June 30, 2019 reports total revenues of US Dollar 350,898 thousand.

  • Total assets are US Dollar 2,534,694 thousand and net income is US Dollar 10,929 thousand. Cash and cash equivalents are US Dollar 106,094 thousand.

  • Operating income from continuing operations are US Dollar 17,799 thousand. Investors can now purchase Harsco shares at an affordable price.

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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