Harsco Increased Its FY23 Guidance, Sees Adjusted EBITDA Of $260M-$275M, From $240M- $260M; Sees Adjusted EPS Of $(0.12) - $(0.33) (Prior $(0.23) - $(0.52)) Vs. $(0.36) Estimate; Free Cash Flow Of $25M-$45M (Prior $20M - $40M)

Author: Benzinga Newsdesk | May 03, 2023 07:22am

2023 Full Year Outlook (Continuing Operations)	Current	Prior
GAAP Operating Income/(Loss)	$101 - $116 million	$74 - $94 million
Adjusted EBITDA	$260 - $275 million	$240 - $260 million
GAAP Diluted Earnings/(Loss) Per Share from Continuing Operations	$(0.33) - $(0.54)	$(0.50) - $(0.80)
Adjusted Diluted Earnings/(Loss) Per Share from Continuing Operations	$(0.12) - $(0.33)	$(0.23) - $(0.52)
Free Cash Flow	$25 - $45 million	$20 - $40 million
Net Interest Expense	$92 - $95 million	$91 - $95 million
Account Receivable Securitization Fees	$10 million	$9 - $10 million
Pension Expense (Non-Operating)	$20 - $22 million	$20 - $22 million
Tax Expense, Excluding Any Unusual Items	$12 - $15 million	$8 - $11 million
Net Capital Expenditures	$125 - $135 million	$125 - $135 million

Posted In: HSC