Harsco Corporation (HSC) Q2 2022 Results Conference Call August 2, 2022 9:00 AM ET

Company Participants

Dave Martin - VP, IR

Nick Grasberger - Chairman, CEO

Anshooman Aga - SVP, CFO

Conference Call Participants

Devin Dodge - BMO Capital Markets

Jeff Hammond - KeyBanc

Larry Solow - CJS Securities

Michael Hoffman - Stifel

Zane Karimi - D.A. Davidson

Rob Brown - Lake Street Capital Markets

Operator

Good morning. My name is Chad, and I will be your conference facilitator. At this time, I would like to welcome everyone to the Harsco Corporation Second Quarter Release Conference Call. [Operator Instructions].

Also, this telephone conference presentation and accompanying webcast made on behalf of Harsco Corporation are subject to copyright by Harsco Corporation, and all rights are reserved. No recordings or redistributions of this telephone conference by any other party are permitted without the expressed written consent of Harsco Corporation. Your participation indicates your agreement.

I would now like to introduce Dave Martin of Harsco Corporation. Mr. Martin, you may begin your call.

Dave Martin

Thank you, Chad, and welcome to everyone joining us this morning. I'm Dave Martin from Harsco. With me today is Nick Grasberger, our Chairman and Chief Executive Officer; and Anshooman Aga, Harsco's Senior Vice President and Chief Financial Officer. This morning, we will discuss our results for the second quarter and our outlook for the year. We'll then take your questions.

Before our presentation, let me mention a few items. First, our quarterly earnings release and slide presentation for this call are available on our website. Second, we will make statements today that are considered forward-looking within the meanings of the federal securities laws. These statements are based on our current knowledge and expectations, and are subject to certain risks and uncertainties that may cause actual results to differ materially from those forward-looking statements.

For a discussion of such risks and uncertainties, excuse me, see the Risk Factors section in our most recent 10-K. The company undertakes no obligation to revise or update any forward-looking statements. Lastly, on this call, we will refer to adjusted financial results that are considered non-GAAP for SEC reporting purposes. A reconciliation to GAAP results is included in the earnings release as well as the slide presentation.

With that said, I'll turn the call to Nick.

Nick Grasberger

Thank you, Dave, and good morning, everyone. Thanks for joining us today. As you have seen, our adjusted Q2 results were consistent with the preliminary results we released a few weeks ago. The second quarter was a challenging quarter for us, especially in our Clean Earth segment. Inflation in energy, transportation and disposal costs in Clean Earth continued to accelerate beyond what we anticipated in our January and April price increases.