Record Performance in Clean Earth
Clean Earth's revenue and earnings grew in single digits with margins exceeding 17%, translating to a record quarterly performance. The team has committed to a new growth strategy, resulting in a strong business backlog and healthy volume growth.
Harsco Environmental Financial Improvement
Harsco Environmental's margin reached 17%, generating $33 million in free cash flow in the quarter, with new contracts in place to replace those exited over the past year.
Clean Earth Strategic Review
There is strong interest in the Clean Earth business from strategic parties, with the potential for a tax-efficient sale that could result in sizable cash payments to shareholders.
Clean Earth Hazardous Waste Growth
Clean Earth's hazardous waste segment is expected to see a 15% increase in EBITDA for the full year, indicating strong performance and execution of its growth plan.