), a world-renowned supplier of industrial services and engineered
products, recently declared winning of three prime contracts for
providing its scaffolding, shoring and formwork solution services
to the engineering and building projects in U.S., Germany and
Austria. The awards are likely to strengthen the company's position
towards becoming a leading service provider in the engineering and
AGRANA, a leading supplier of sugar and customized starch
products in Europe has awarded the first contract to Harsco for
constructing a wheat starch factory in the northeast region of
Austria. The company will seamlessly deploy its rental formwork
system for building several basins which are required for AGRANA's
Harsco has received its second award from Dillinger Hutte GTS, a
renowned manufacturer of steel plate in Europe. According to this
contract, the company will be engaged in offering its engineered
wall as well as slab formwork services in a casting plant based in
Germany. This contract win is quite significant for both parties.
Not only does it enhance Dillinger Hutte's goodwill in the market,
but also offers Harsco a major award, not to mention the profitable
long-term alliance formed between the companies.
The company has also been chosen by Houston METRO for its light
rail project in U.S. to extend its construction support services
for the restoration of Main Street Bridge in Houston, Texas.
Harsco's specialized support services and in time project delivery
helped it win this contract.
Management was quite excited regarding these wins by stating
that these are the outcomes of Harsco's long-lasting reputation and
unblemished goodwill which helped it in expanding its businesses
across regions constantly. The company is estimating that these
project wins will help it produce nearly $2 million revenues in the
coming quarters of fiscal 2012.
The company pertains to an industry, where ominous competition
is prevalent. Hence, Harsco should stay cautious of big players,
Hudson Technologies, Inc.
The current Zacks Consensus Estimates for the second quarter of
fiscal 2012 and for fiscal 2012 are 35 cents per share and $1.33
per share, respectively. The company currently retains a Zacks #4
Rank, which translates into a short-term 'Sell' rating. We also
have a long-term 'Underperform' recommendation on the company's
(ARGKF): ETF Research Reports
(HDSN): ETF Research Reports
HARSCO CORP (HSC): Free Stock Analysis Report
SCANSOURCE INC (SCSC): Free Stock Analysis
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