• Tue. Oct 3rd, 2023

Harsco shares slide 5% premarket after company issues profit warning due to ‘unprecedented’ inflation


Jul 15, 2022 , ,
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Harsco Corp. stock fell 5% in premarket trade Friday, after the environmental and waste management company issued a profit warning for the second quarter and full-year amid ‘unprecedented inflation.’ The Camp Hill, Pa.-based company is expecting a second-quarter operating loss from continuing operations of $95 million to $97 million, including a non-cash goodwill impairment charge of about $100 million. “Operational execution in Harsco Environmental (HE) was positive in the quarter and the business experienced sequential earnings growth; however, HE second quarter results are expected to be at the lower-end of prior…

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