HSC - Earnings call transcript Q3 2020

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Operator

Good morning. My name is Shelby, and I will be your conference facilitator. At this time, I would like to welcome everyone to the Harsco Corporation Third Quarter Release Conference Call. All lines have been placed on mute to avoid any background noise. After the speakers remarks, there will be a question and answer period [Operator Instructions]. presentation are webcast Harsco subject all are conference of on Corporation, telephone rights Corporation Harsco to reserved. this and made accompanying behalf and Also, copyright by any of consent written Harsco Corporation. telephone distributions the of we or permitted without recordings conference The by party are express this

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

Dave Martin

Harsco. Harsco’s I’m then Senior the Pete With we third Chief Executive this your Shelby. today take Harsco’s QX, Officer. morning, for joining will and our Dave and This Welcome Martin you’re as hope Officer you, outlook for questions. Grasberger, for Vice Thank morning, Nick us President well. me and Chief quarter as is our Minan, results We’ll discuss initiatives. to our well Financial I key and everyone Chairman and

Before let our presentation, however, mention a items. additional few me

as the on the quarterly as slide earnings our for Web release our presentation First, available well site. are call,

Second, differ the federal forward-looking today we risks that actual of on These to are statements expectations, are the laws. our to those subject may that forward-looking based within uncertainties and will results certain are knowledge securities materially meaning and considered from and make current statements. cause statements

no of to a For undertakes and any discussion revise Factors our the The or Risk XX-Q. section statement. obligation uncertainties, in forward-looking company see such risks and XX-K most update recent

the results financial included slide refer as will A adjusted we results are release GAAP call, to reporting this earnings as in for is on purposes. considered that Lastly, reconciliation presentation. to our well non-GAAP SEC

Nick. to turn the Now call I’ll

Nick Grasberger

for Thank you, Thanks joining today. us and Dave, morning, good everyone.

our improving we developed a anticipated quarter consolidated sequentially. basis largely environmental with on The as businesses third

XX% of expectations environmental were total demand was flow XX% waste did which our Volumes volumes an up impact were also see strength by with dredge Retail digits, was and was in in which than in digits. more up hazardous better. our versus medical large non-residential also Revenue affected high business, LST margin unfavorable Harsco by weak while quarter. by regions. weakness industrial cash from up businesses, in the COVID rail up double in has single waste all consistent represent revenue, significant mix. with product Revenues steel second the business, through were while led high in EBITDA QX, was Overall, the our a been segment which While not in our the offsetting contaminated business or was and by up Northeast materials waste. Mid-Atlantic softness projects construction waste and soils affected categories

months. above in last is comment energizing was general his program in to which key tremendous deliver would The pleased to we plan any their each recovery will track These Pete across position against served opportunities Rail several of than the objectives has actions have ESOL to to disposal degree the worrisome It a Pete have remained value and flow of cases week, of position of at cash not COVID backlog our to organization we've like a be value our levels most the of but across people to health. The have for is remained I'm the continues remains recovery experienced firsthand plan. our the on strong and to in earnings. Cash for consistent record and our and is on value The business we ranged cash past to and counter capture of competency XXXX deliver and with we quality management the finance outstanding several year the recognize the I, oriented The and high related over global initiatives. the our and I capacity, and appropriate by improve pandemic, of David towards these brisk levels Clean executing for months, integration on to US. optimization again the year. at and our acquisition and our has operational continues more with flow grow the moment initiatives the critical ahead from to is and this during operations. be on original and been program employee Stanton, across liquidity, our level launched liquidity benefits Keeping population see XXXX. impact President well of efficiency at a end its in the Earth's our the COVID number modest ensuring majority liquidity This the steady operational to for significant acquisition have of commercial of execution the trends preserving capturing customers actions principles at related countries SG&A of logistics quarter. products priorities in operations The employee corresponding quite principles compliance of our pace. XX ESOL the number during various employee sites so visited high of COVID safe the on governance our disruption Rail the despite The very SCOR Our vast time. rail. the third place the of high operate. populations will the

plan lean steps, next a chain the and required model we establish of for best terms In fulfillment supply sustain operating in class based to and capability.

and improve our businesses Rail business. to of in our that throughout markets leading end environmental to our recovery expect we quarter the with ahead, into XXXX Looking continue

both for not the outlook Earth. and the yet trends and in these comfortable guidance more given Our situation on Harsco process. QX reflects providing economic planning specific current Clean potential year We're our environmental impacts in positive next

foundation improvements Pete. we to us and markets, meaningful turn take in In over expected should our sheet. transformation. terms in execute to the these and portfolio our focus, balance end next programs enable continue our with the will I'll now of management actions the our current to steps our in build call strengthen Together

Pete Minan

good the words morning kind and Nick for thanks Well, everybody.

So to our consolidated the $XX third for totaled quarter. million please the Slide EBITDA in million. turn $XXX third and revenues totaled financial Harsco's quarter, adjusted In X summary

The increase second believe Harsco for at this revenue XX% Our the each year, the over improvement quarter of of ranged our with second realizing impacts Environmental. in revenues most from from end of improvement we XX% revenues increased our at pandemic Clean to X% in nice the quarter businesses when a Earth of increase markets. sequential peaks the

our and performance a full operating may incremental acquired compared our operational integration we ESOL underlying after driven our and underlying quarter. our adjusted recall, consisting hold. EBITDA $XX began related top our as of of by in as margins focus quarter at as considerably April. line Harsco take our actions margin result improved Environmental our corporate costs. the on Relative our QX as you where a strong performance at lower were expectations it first improvement to and of and in is with discussed timing and to EBITDA QX adjusted timing million. recovery performance largely quarter the consistent by our of ongoing expectations quarter-on-quarter QX, items third comparable $XX August Our volume compensation certain negatively of amounts, million in the approximately the growth improved earnings of unfavorable last insurance the These result we despite on call expenditures with comps Otherwise, was quarter, is of result affected including by and owning economic managing And to beginning the in spending of within better ongoing results ESOL businesses, aided impact

that generate free And Capital from quarter the drivers we this The free positive free continuing was approximately the third cash that and expect now and million. have flow improved million main Earth. cash earnings and favorable the is significantly Our flow per prior us this had to for totaled the the figure million cash strong This quarter $X.XX. lastly, $XX strong cash the reflects $XX of an capital improvement we the totaled of figure was and of improved from fact for QX, continue ongoing deferred end to considering so in XXXX. free Generating to for year-on-year spending in year, future. as positive, in cash in second EBITDA quarter compares discipline as flow third as of a year particularly share $XX well due of pandemic well. free change been from market related net XXXX. with the important the our flow the million Clean clearly our in And XXXX impact both the adjusted year-to-date, of performance focus be quarter flow $XX that million demand, operations Harsco’s Rail a mix should positive on of $X foreseeable QX is performance quarter. the working clearly cash outflows third is

to our the in turn compares in and please by the now pandemic EBITDA customers as ramp driven second improvement price year Slide year, EBITDA and rose million $XX a Revenues totaled site applied XX%. prior figure Environmental’s a adjusted million was year on prior the from similar revenues at was to with margin to quarter-on-quarter. quarter our services X% million, compared Relative this a $XX So to of output translating products, continuing Steel site steel EBITDA new of with $XXX change effects environmental demand basis unchanged on the X, This Adjusted segment. volumes. ups. declined impacts related quarter. approximately as well in the Harsco on for X%

comp for HE. the negatively as $X mentioned approximately the However, expenses, of earlier, by impacted to totaled which was million I QX timing

for year. cash Harsco from lower improvement in illustrate figure excellence operating discipline team largely million mentioned the cash $XX has the the and So Harsco been by year-to-date by quarter totaled driven ongoing with spending and operational year. and and totaled again $XX free flow expenses. I working XXXX generated $XX prior focus our believe capital cash now flow earlier. controlling million their Environmental’s in these financial during compares in capital free of results performance Environmental million strong I This on as The

X Clean turn to our discuss please next Earth So segments. to Slide

quarter. pandemic haz legacy revenues and pressures ESOL adjusted quarter For $XXX offset the $XX a the of the waste third to inclusion our volume strong Earth the XXXX, EBITDA million. of Clean million the And to totaled material quarter, our business in business. were linked dredged had processing Compared

less were second ESOL increased Our ESOL with was again, due revenues favorable quarter construction very improvement pandemic. and roughly to as a and business in bounce Relative the to great in is closed. see projects, of many in plants, ESOL delays the mix And and nature million by the business impacted when illustrates non-residential number And soils industrial to XXXX, XX% in margin the well and believe retail Clean good legacy similar its quarter. medical was QX the dredge line significant sequential of recurring essential and $XXX cycles. and the growth this material revenue improvements. most positive retail nearly and revenue by waste. during from hazardous business of as was the medical facilities processing, stores industrial followed By contributed Further, also quarter. atypical experiencing of I Earth business, of resilience performance revenues its ESOL's back

as will quarter above I from in exceed commercial million helped we productivity, optimization, I logistics, expect levers major positive we the pre-acquisition I'm outbound improvement direct a we're rate pandemic. are EBITDA mentioned the the reminder, implement. despite ESOL's realize site that this to a disposal XXXX Today, volume pursuing quarter, initiatives. benefits of initiatives Last Additional in-bound and importantly our in approximately reflection our that And confident this believe and $X only result a improvement target. initiatives. now more as procurement but the is begun on to we've levels result run is

do Although, have work ESOL’s achieve of start. off in some goal years, we we're within a EBITDA to three to our still great to doubling order

flow Clean adjusted remains the million. cash $XX segment’s cash EBITDA totaled conversion on quarter Lastly, it $XX million now and impressive. year-to-date, The flow free free and of versus Earth in cash the $XX million segment, at stands

to and segment’s the year turn to and X, our change to EBITDA relative increased please declined quarter during more which categories, business. now partially SG&A the quarter. quarter. $X the in principally Protran offset attributed spending. all due volumes our pronounced by were headwinds aftermarket affecting $XX third revenues The million, can million So Rail to to the less in a customers, and product favorable be adjusted to mix while These the became Slide EBITDA across Rail impacts prior lower pandemic lower

related continue the related headwinds from Earth on pandemic While to economic as low that conditions clearly the pressures pandemic feel point for end passenger case hit markets in and Rail the to the Clean for freight environmental demand. Rail, wasn't QX and

created capital started all Rail As accordingly, we deferrals quarter, versus And was to this demand our cycle the original has short soft. of plans. business in products early their for across spending customer's some lines this see

traffic as traffic a to Furthermore, few is Rail fairly the While our improve, and lags generally started volatile, business ridership indicators, outlook such given the pandemic still and has quarters. leading by ridership headwinds.

We forthcoming the some important and customer coming will discussions we early further have the improvements and year are that weeks late their cautiously some see in plans capital in spending about XXXX. optimistic

Transit a wins a Transit Our contract bright to supply contracts, Authority cycle These the in included to business Authority continues wins contract a sizable larger, them had York to on Chicago longer the market, with additional quarter. development snow see spot and where build vehicles, and follow term we've removal supply backlog the despite continue opportunities with option City our number be to with vehicles. with the in them notable new softness to on we of during New short

Rail’s As quarter. $XXX result, remains of robust, a end totaling at backlog the the more million than

moving sheet. balance before comment to Slide on outlook X, our on let our So me

remains flexibility strong. financial Our

top stood expected reduce at of a X.X end our goal our a the and $XXX liquidity below leverage totaled priority and as leverage to to remains our leverage quarter. the times within at years. million us Reducing for Our times couple of our X.X is

to the Slide turn me on let Now, outlook X.

position believe provide of some exception recent quarter. our in as a confidence guidance and has we business, result, our to And the continued improve fourth for to we're quantitative the in rail a With months. visibility

continues As you environment are economic trends fluid all the COVID infection favorable. know be and to current recent not

fourth conditions Environmental Clean the to Harsco adjusted EBITDA for to based modestly relative third from total However, see during the and in expected quarter this with Business mind are on and million. market current ranging million Harsco to we $XX environment, quarter. Earth improve QX $XX

in these any are For months, third or above we date. costs concludes to into our the for levels. continue quarter. turn businesses margins QX corporate the into quarter people line results are I the developments. we've free national and quarter which each two despite of stable strong similar to versus projected results fourth and expect be quarter third And to remarks by Rail expected modestly QX delivering the may on discipline prepared state our past all currently are a experienced focus expected expect result segments, to or execution and to very negative be be performance, fourth $XX this or as cash by new be restrictions And lockdowns Also, the fourth to any of and questions. outcome governments does This to XXXX. outlook the implemented our earlier, few to impact free And pleased not in open with Nonetheless, $XX place our flow cash this between north COVID business, to from this be $XX I'm for the million as million. quarter. my conditions would contemplate to full safe the meaningful back the call and flow mentioned unusual keeping of million the year we'll our and I these our performance Shelby

Operator

Instructions] [Operator question Larry of comes from CJS Solow First Securities.

Larry Solow

of -- the offset how do this cost And to obviously to it but on utilization terms through or cost quarter have remains maybe your discuss any Can continue offsetting more just of on customers things sequentially you steadily the what and you in side, the still other impact? measures about cutting Maybe does improve? sort I environmental anticipated production, mean it piece. see of some down,

Nick Grasberger

our magnitude of others. so was or did anticipated lift, quarter. think in nonetheless, that some improvement type around think than is regions, I steel probably see that but we the that continued steady QX year, really in world, in was earlier levels companies a point. up improvement. which the production stronger at the utilization, bit XX% overall, And We So course this expect better of around I Capacity don't around a than in at third a fairly we XX%, down

do for in provide we expect XXXX. continue there's site of as cost further believe in SG&A. that Larry, reduction, In we as actually about environmental terms out as at be terms both But more to opportunity, And to take of we talking we'll well guidance costs. cost the full

Larry Solow

side, just remaining business seemingly gears then in international know real switching or intact. just the much advancing SCOR little surprised magnitude program surprise side, of piece and a on And coming with on the bit I the where is quick the from American of on North rail directionally pretty the improvement year-over-year, not less terms impact a

I'm sounds improvement to not get So just QX. going we're much -- in it to trying like

So American back side, half bit? or delayed of that, of is drag were deliveries year the on have side the it this the been on is that in scheduled international little some purely the North also a

Nick Grasberger

those a year negative and I With both, down aftermarket Yes. US tracking certainly And shorter-cycle we've will this EBITDA last to QX U.S. standpoint, outside been that we level It's QX market transactions be place take and some Clearly, and an think high-margin type into much above consistent expect big for But in Larry. to year deferred was our SCOR, the assuming the in impact opportunities. higher-margin also with of would the respect QX see equipment as of the technology on looking last from year. and QX. a is manufacturing core XXXX. though throughout some the

Larry Solow

switching And real gears then quick. just

bit, expected. like It a expectations, a ESOL, than ESOL. sounds little integration maybe little bit least my on Earth, Just sounds maybe from the Clean faster it like at on

actually pre-pandemic that say we you level. above Just are to confirm, did the

in that ESOL? $XX already a $XX sort we're I on pacing, words, quarter, million don't correct other EBITDA, million $X, in quarter know, of a So is

Nick Grasberger

We're the the rate. mean run that's levels the that's rate the at run correct. doing I better Yes, pre actually Larry. that's appropriate level, COVID EBITDA than there, and

Operator

KeyBanc. from is question of next Hammond Your Jeff

Jeff Hammond

you I ESOL So Earth, you revenue million Clean contribution. just said Is in think on was that right? $XXX

Nick Grasberger

Yes, that's correct.

Jeff Hammond

So Clean are? like Earth? business? Earth. I'm side on it if the at looks business, down soil with of just what like was it it still what's going Or the the I base base the mid-XXs, hazardous simply Is Clean the drags wondering look big

Pete Minan

delays both. business, certainly, that the industrial the Well, businesses equivalent is business, the the piece from the combination which to particularly experienced to By quarter, and felt, construction of far, soil a it's and the we it's starts had But Jeff, pandemic. haz and biggest the with to ESOL waste associated some is pandemic. manufacturing headwinds the largely degree, during second related the

Jeff Hammond

And in the fourth into kind of then trend quarter? business what's Earth Clean the hazardous

Pete Minan

Trending steadily businesses soil consistent where upward QX. and more more albeit were trending business of pronounced. ESOL they rest of the upward, This the business, robust, with slower, business in waste are much just the lines all from haz but

Jeff Hammond

frame of kind we XQ, sequentially. it gets bit like seems a better as So Environmental little

Rail? EBITDA flattish about then Clean You're should kind of on for how Earth think sequentially? And we

Pete Minan

combined be will in QX Should be Earth businesses QX. ESOL The versus modestly modestly as Clean better well. improving

Jeff Hammond

Rail so the issue the it on and the near in with SCOR like parts just you're happy margins, more back sounds mix And just service a It's progress. term?

Nick Grasberger

we've remarks program fallen has clearly, business in follow-on that's where, I view, lean my the made in Rail past, highlighted mean, will building where program. And will improvements, sustained. made but sustain that serve as the model improvements the not down they've in to in to that operating the that I been be the SCOR SCOR operationally the my

the those But we're think how program. best I very to So our to improvements more we've this focus point, that made. shifting sustain SCOR happy at with

Operator

Rob Lake question [Operator is Brown Capital. next Instructions] of Your from Street

Rob Brown

the Rail is on business. question First

Does of quickly? weaker. I past How typically shut on think perform about in about quickly and you that what that can does aftermarket off downturns. that have being kind quickly in Or turn talked how back? seen business come little then you the a

Nick Grasberger

as I'll short-cycle segment it quite in to somewhat well. is business our does. not is and the high-margin which Yes. less than tends say, the to aftermarket now challenge another equipment Rail technology Certainly is business be within The business, actually, extent the that

expectations while of of the higher-margin some is bit QX technology change a previous we QX. has projects So pushout really in softer, expected the relative been aftermarket that to these and

Rob Brown

sort you're the again of but your that And of the kind in then of the, that just loaded And years. of business, -- early Xx of few to tracking it overall margin business? ramp? even from to that you terms on margin back-end is in the in in kind guess, seeing ramp? ESOL does these what efforts? I about talked in get think tracking kind the what Earth it starting how results can a -- you are Could Clean your summarize Or journey, on you an Is

Pete Minan

Yes.

which results see quarter continue see to But going margin rate on very in terms to fairly And this points terms EBITDA mean, second really a worth of this than margins we we've rate in getting the one through XXXX. of experienced we're accelerated with activities about in that XXX, when margin in we the we about the talking I we're expect think quarter's year. talk year, I years, of basis just what were higher end improvements. the imply of lift. three to by XXX pleased that the the would doubling run

Operator

of is Research. Chris [Operator Instructions] from question Your Howe Barrington next

Chris Howe

here, just Things are of to but comments the going regarding my some of ahead of plan, taken been plan. very questions up on following ESOL have integration. well Most the

rate look acceleration? we margin date, is accelerating integration? performance in perhaps pull at ahead plan this mentioned versus specifically a improvement of to here. As forward of You the attributable an what to is What an of regard to tracking expectations

Nick Grasberger

Yes.

seen thus years, view for commented or expectation the X it's the But as the a of as, originally. as of look What acceleration. as think that more we is if on before, on somewhat think far greater probably an benefits we've we both might transaction, our the opportunities improved. I I acceleration an X felt next be anything, we've than well out

Chris Howe

up of it's different cyclicality, over in the regard plan. some of to this time ESOL the there were at the the It well parts tracking business held ahead some but seems of concerns of environment, that in acquisition,

outside look being that environment, the next of benefits this we As move part 'XX. how pandemic been anticipate as year, as into we into mix latter how Who the change virus. this to by the you part knows could impacted more of But which to we this legacy of look sustained? that your business, early fiscal eventually has with do year

Nick Grasberger

process soil I think is each pace. been hold. portion Earth have we legacy as think contaminated have generally the a business Pete of very volume a commented, typically kind core of of just is Dredging that of we put of includes attractive. backlog baseload on on we at infrastructure projects of most the is soils now the materials in dredging. I non-res which is are And improving see large much really projects concerning business, Mid-Atlantic for have the and Clean markets or And fast our approved. and Those a funded, there us Northeast. been But less pretty above kind But good that that, publicly from those many the side. plant. volumes And in those so

that's concerning moving Clean into we to component the come that's, business. of And most XXXX. expect would back the online, so But those been Earth

Chris Howe

debt maintaining your generation Understanding cash reduction, now that flow levels. the priorities,

there be pick As Earth? on impacting anything and side market a far within markets, tuck-in anything fragmentation little legacy you this kind are Clean But priorities there is opportunity, can in as could allocation we up understanding that Clean the capital look Earth the in here where utmost importance M&A the near-term the the that's environment of the now. a as

Nick Grasberger

these look us certainly, $X will to a fragmentation think in platform priorities, Well, and you And we're certainly scale market of well intent. one of time, that's the the of I some Earth and back. But of over to segment availability We many still Clean the there that ESOL factors to businesses opportunity be it's hazardous the and bounce to attracted our see some at such the the size the waste ready. continue need and allocation very again, was the to purchase when billion. think capital our markets much if over

I be tuck-in year think there it's attractive executing XXXX is generally, might our anything is debt. and we of the a Perhaps. would on XXXX execute be think actionable? X reducing another size. internal in Could I unlikely mindset programs. But And that that of or

Operator

final from question Your of Stifel. is Michael Hoffman

Michael Hoffman

-- Dave, Nice I do would is you on given your would the Pete, land if we're at EBITDA, X you hope have basically quarter? and of of the us, for picked based just months inference, us had you Nick, frame everybody how first your given the -- EBITDA the you've well. 'XX it fourth the by because leverage FY how what leverage midpoint

Pete Minan

We'll the be end are we QX, at about same is this the of level X.Xx. which about Michael,

you well the think the years, because know, about -- next below right. as talked the just to we've right. I covenants, that downward, But expectation is move over steadily that

Michael Hoffman

your wean the in to of variety far a strategies that that work? to your business outsourcing objectives efforts customer How revenues, strategic that. steel your side of the eventually with of as one is your is logistics from Nick, potential then, and both and progressing as And approaching engage

Nick Grasberger

that, It's difficult Michael. on we're renewal the execute in early in -- advance process. contracts individual them in advance still I Well, of very to of think

-- it's but So early. it's

front I a to think true year And paths most every to on the the business that the there. leaders to akin environmental generating business our important margin That's get accomplishments commitment different is focus. changing in the flow are that much is cash a there that business. amongst more the and mindset

our mentioned, you is intensive, capital time them to focus more environmental customers. what less truly services of the One over steel shifting for our

Michael Hoffman

that should revenue be? do what followed a target on up as of margin, you if So I think say, percentage that,

Nick Grasberger

about it's today, Well, so XX% XX% environmental, environmental. not

plan long-range our the XX% that would think or in next few I years. to XX% get

Michael Hoffman

then think steel, the still would regarding path? you thought be about that, year a we in XX%, XQ, that's XX%. ex-China of Do sort And down

Nick Grasberger

right. about It's

I down think about it's XX%.

Pete Minan

thought Yes. time, to Michael. A less we XX% than about what XX%. little at that It's probably

Michael Hoffman

of have clearly, and So environment of global some return by level being the and activity auto you. what construction is production held the

Nick Grasberger

Right.

Michael Hoffman

Does and out this medical out both on I production pre-COVID get Would of the your the this back as side. the -- levels the these economy? and soils infrastructure And focus on as to waste, going you're up. industrial plan, that on very take I'm if retail But I XQx back take the soils back laid well Clean be level in as to I side to improvement you've conversation industrial in projects EBITDA, start hazardous activity waste, of Earth, of out given badly. you need saying soils that's if industrial suggest

Pete Minan

but QX. not certainly that, working quite quite, towards Yes, It's there not we're Michael. in

think 'XX to probably we of first -- quarter. maybe or it's going the end see that I second won't in quarter the until

Michael Hoffman

then of -- but or the $XX And million, $XX about is about free actual flow is million. the your guidance cash report year-to-date segments year-to-date the

So of I'm the of curious of about spend about sort is corporate sort $XX number? and opportunities improve cash at million looking to that

Pete Minan

and of in interest But opportunities. taxes, it's Well, looking we're costs. corporate at course, all

that future In pension looking the we now fact, some to payments opportunities defer opportunity we in we're into have have terms periods. of that

help that number So things we're pursuing of with Michael. that, there's to a

Michael Hoffman

lastly, then the side. on soil And

about of floor is suggests like from the ABI that your a customers are talking a of So may non-res that least to the construction getting some -- of starting at data possibilities are of from you the any have sense things found standpoint improve, even schedules? which

Nick Grasberger

think I so. Yes,

corner. just the absolutely that's behind some think projects of the restart of here and that worst those Michael, is us the around I the case, that is

Operator

questions any further you queue. no have Martin, are in Mr. remarks? closing do There

Dave Martin

in top and questions contact you call. everyone great look you provided you to And free day. for the details joining this lastly, speaking release. Have Feel me for again, earnings may interest appreciate your with thank and future. with using follow-up the of contact have forward any Harsco to today's the in a we at that Shelby, Thanks,

Operator

conference Ladies your and gentlemen, you for this concludes today's participation. Thank call.

You may now disconnect.

Enviri (NVRI) 3 Nov 202020 Q3 Earnings call transcript