Harsco Corporation serves some of the world’s largest and most essential industries, including non-residential construction, steel and metals, energy, and railways.
To be able to continue doing business and stay on the top of the game, Harsco has decided to be more efficient in their operations. The company goes into Lean Six Sigma.
StreetInsider reports:
Janney Montogomery Scott initiates coverage on Harsco Corporation (NYSE: HSC) with a Neutral. Fair value $30.
Janney analyst says, “Harsco is a major player in the industrial services space, and even though the economy is in a downswing the company has positioned itself to be able to take advantage of the continued infrastructure buildout that is occurring throughout the globe…Furthermore, it has an attractive collection of niche businesses that earn high returns on capital.
The company has just started to implement Lean Manufacturing techniques, which, if sustained, should help the company improve its operating profits that are currently at levels below their potential. Harsco’s balance sheet is in healthy shape, does not have any red flags given the current credit environment, and is currently being put to work in the form of a stock buyback program to take advantage of the depressed stock market.”
