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TheStreet Open House

Harsco's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: HSC

Also this morning with us today is Jim Jacobson who joined Harsco yesterday as our Director, Investor Relations. We will get the new information on Jim’s background later today to all of you. As most of you, I’ll be retiring at early September and Jim will be assuming my Investor Relation responsibilities.

As we do at the beginning of all of our calls, we want to let you know that there maybe forward-looking statements in our discussions with you today. These statements relate to the future of our business, our operations, results, economic expectations and other aspects relating to and affecting our business. What we say today is based on our best information available; it is possible that the results could differ from what we tell you today.

We’ve listed in our SEC statements reasons and risk factors that affect our businesses. We invite you to review the SEC filings at your convenience. I would also like to remind you that replays of this call and related information are available on our website. Please take the time to access this information at your convenience.

I’d like now to turn the call over to Henry Knueppel. Henry?

Henry W. Knueppel

Thank you, Gene. I would also like to add my welcome to all of those participating in the call this morning. Thank you for your continuing interest in Harsco. We are going to add to our typical agenda this morning. I will make some opening remarks about the second quarter; Steve Schnoor will give you some technical details and future details on the results; Galdino Claro will then give you some comments on the Metals & Minerals business; and I will finish up with some brief comments regarding the third quarter, and we will have time for questions.

While a number of substantial headwinds remain in our two largest businesses, we are pleased with the results achieved in the second quarter, as reported this morning. Despite overall business levels and revenues being down relatively significantly, adjusting for one-time items, income was comparable to last year’s second quarter.

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