XML 13 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues from continuing operations:        
Total revenues $ 486,914 $ 470,385 $ 1,420,763 $ 1,386,324
Costs and expenses from continuing operations:        
Selling, general and administrative expenses 64,146 70,629 201,234 213,048
Research and development expenses 193 331 545 811
Goodwill impairment charge 0 0 104,580 0
Other (income) expenses, net (351) (2,835) 515 (7,993)
Total costs and expenses 456,791 443,464 1,479,895 1,314,020
Operating income (loss) from continuing operations 30,123 26,921 (59,132) 72,304
Interest income 952 544 2,289 1,668
Interest expense (19,751) (15,741) (51,535) (47,640)
Facility fees and debt-related income (expense) (2,511) (198) (894) (5,506)
Defined benefit pension income 2,118 3,887 6,775 11,777
Income (loss) from continuing operations before income taxes and equity income 10,931 15,413 (102,497) 32,603
Income tax benefit (expense) from continuing operations (9,376) (7,816) (7,482) (14,714)
Equity income (loss) of unconsolidated entities, net (128) (293) (373) (488)
Income (loss) from continuing operations 1,427 7,304 (110,352) 17,401
Discontinued operations:        
Income (loss) from discontinued businesses 1,993 1,301 (35,225) 12,904
Income tax benefit (expense) from discontinued businesses (539) 1,223 5,282 (3,832)
Income (loss) from discontinued operations, net of tax 1,454 2,524 (29,943) 9,072
Net income (loss) 2,881 9,828 (140,295) 26,473
Less: Net (income) loss attributable to noncontrolling interests (802) (2,264) (3,056) (5,386)
Net income (loss) attributable to Harsco Corporation 2,079 7,564 (143,351) 21,087
Amounts attributable to Harsco Corporation common stockholders:        
Income (loss) from continuing operations, net of tax 625 5,040 (113,408) 12,015
Income (loss) from discontinued operations, net of tax 1,454 2,524 (29,943) 9,072
Net income (loss) attributable to Harsco Corporation $ 2,079 $ 7,564 $ (143,351) $ 21,087
Weighted-average shares of common stock outstanding (in shares) 79,531 79,287 79,469 79,214
Basic earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.01 $ 0.06 $ (1.43) $ 0.15
Discontinued operations (in dollars per share) 0.02 0.03 (0.38) 0.11
Basic earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.03 $ 0.10 $ (1.80) $ 0.27
Diluted weighted-average shares of common stock outstanding (in shares) 79,567 80,275 79,469 80,356
Diluted earnings (loss) per common share attributable to Harsco Corporation common stockholders:        
Continuing operations (in dollars per share) $ 0.01 $ 0.06 $ (1.43) $ 0.15
Discontinued operations (in dollars per share) 0.02 0.03 (0.38) 0.11
Diluted earnings (loss) per share attributable to Harsco Corporation common stockholders (in dollars per share) $ 0.03 $ 0.09 $ (1.80) $ 0.26
Service Revenues        
Revenues from continuing operations:        
Total revenues $ 442,775 $ 430,824 $ 1,300,828 $ 1,274,814
Costs and expenses from continuing operations:        
Cost of services and products sold 357,194 344,050 1,072,545 1,018,885
Product Revenues        
Revenues from continuing operations:        
Total revenues 44,139 39,561 119,935 111,510
Costs and expenses from continuing operations:        
Cost of services and products sold $ 35,609 $ 31,289 $ 100,476 $ 89,269