Exhibit 99.1

imagepica361a.jpg
Investor Contact
David Martin
717.612.5628
damartin@harsco.com
Media Contact
Jay Cooney
717.730.3683
jcooney@harsco.com

FOR IMMEDIATE RELEASE


HARSCO CORPORATION REPORTS FOURTH QUARTER
AND FULL YEAR 2020 RESULTS


Fourth Quarter GAAP Operating Income Of $11 Million And GAAP Diluted Loss Per Share Of $0.07 Including Anticipated Unusual Items

Q4 Adjusted Earnings Per Share Of $0.12

Adjusted Q4 EBITDA Totaled $62 Million, An Increase Compared With Both The Sequential And Prior Year Quarters

Full Year 2020 GAAP Operating Income Of $21 Million, Adjusted EBITDA Of $238 Million, And GAAP Diluted Loss Per Share Of $0.41

2021 Adjusted EBITDA Expected To Increase To Between $275 Million And $295 Million, While Free Cash Flow Is Projected To Increase To Between $30 Million And $50 Million.


CAMP HILL, PA (February 25, 2021) - Harsco Corporation (NYSE: HSC) today reported fourth quarter and full year 2020 results. On a U.S. GAAP ("GAAP") basis, fourth quarter of 2020 diluted loss per share from continuing operations was $0.07 including acquisition integration and severance costs. Adjusted diluted earnings per share from continuing operations in the fourth quarter of 2020 were $0.12. These figures compare with fourth quarter of 2019 GAAP diluted earnings per share from continuing operations of $0.03 and adjusted diluted earnings per share from continuing operations of $0.12.

GAAP operating income from continuing operations for the fourth quarter of 2020 was $11 million. Excluding unusual items, adjusted EBITDA totaled $62 million in the quarter, compared to the Company's previously provided guidance range of $58 million to $63 million.

1

The following information was filed by Harsco Corp (HSC) on Thursday, February 25, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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