Harsco Provides Guidance of FY2012 EPS $1.55-1.70, Intends to Buy Back Shares

Harsco Corp

provided the Company's initial guidance for 2012 earnings from continuing operations in the range of $1.55 to $1.70 per diluted share, excluding restructuring charges, which at the midpoint of $1.62 represents a 23 percent improvement from the Company's previously-announced 2011 EPS guidance of $1.30 to $1.35. In addition, Mr. Fazzolari announced the Company's intent to begin the repurchase of an undetermined number of shares of the Company's common stock under its previously approved two million share repurchase authorization, which remains in effect until January 31, 2013. The Company said the repurchases will be made in open market transactions at times and amounts as management deems appropriate depending on market conditions, and that any repurchase may commence or be discontinued at any time.