The Company expects its effective income tax rate to approximate 30 percent for both the first quarter and the full year 2013. This modest increase from historical levels is due to losses from operations in certain jurisdictions where tax benefits will not be able to be recognized and the geographic mix of income. Going forward, there may be some variability in the reported GAAP tax rate from quarter to quarter depending on the actual geographic mix of earnings.Based on the aforementioned factors, most notably the mix and timing of equipment deliveries in Rail, the Company expects diluted earnings per share from continuing operations to range from $0.00 to $0.05 in the first quarter, excluding special items. The Company reported diluted earnings per share from continuing operations of $0.07, excluding special items, in the first quarter of 2012.
Harsco Corporation Reports Fourth Quarter 2012 Results
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