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Tag: philladelphia

Harsco announces Q1 revenue of $453 million  

Harsco Corp., which plans to relocate its Camp Hill headquarters to Philadelphia early next year, reported first-quarter revenue Tuesday from continuing operations of $453 million. 

That represented a 1% increase from the prior quarter. Operating income from continuing operations was $8 million, and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) totaled $49 million. 

Founded in 1853, Harsco provides environmental solutions for industrial and specialty waste systems and technology for the rail sector. The company employs 12,000 in more than 30 countries. 

“Despite Harsco facing a challenging operating environment marked by increased inflationary pressures, we met our first quarter guidance,” Chairman and CEO Nick Grasberger said in a release. “… As the global economy continues to grow and sustainability goals remain a focus, Harsco is poised to benefit as a leading provider of recycling and material re-use solutions within industrial markets.” 

Underlying demand within most key markets – including the steel industry – is firm, he said. “The global steel market is in the process of rebalancing as a result of the Russia-Ukraine conflict, and we anticipate limited impacts over time given the diversity of our portfolio. 

“Meanwhile, continued high inflation as well as supply-chain and labor-market tightness remain concerns, particularly in the U.S. Internal actions are underway to mitigate these impacts and we remain confident that each of our businesses is positioned to deliver operating results growth in 2022.” 

Harsco has updated its 2022 guidance to reflect the challenges related to inflation – particularly in transportation and container costs – and ongoing labor-market tightness. It now expects to report $81 million to $96 million in operating income for the year. 

Pa. reopens state liquor stores in Lancaster, closes others in Philly

Most of Pennsylvania’s Fine Wine & Good Spirits stores are set to reopen on Friday in the remaining counties transitioning to the state’s yellow phase.

The Pennsylvania Liquor Control Board announced that 176 Fine Wine & Good Spirits stores will resume limited in-store public access on Friday, June 5. At that time, 525 of the state liquor stores will be opened to the public. The board originally planned to have all of the state’s stores opened by June 5 but noted that it had to reclose 31 stores in Philadelphia, one store in Delaware County and one store in Pittsburgh due to extensive damage and looting.

The stores reopening on Friday include: 14 in Berks County, 31 in Bucks County, 19 in Chester County, 17 in Delaware County, 13 in Lackawanna County, 19 in Lancaster County, 17 in Lehigh County, 33 in Montgomery County and 13 in Northampton County.

While stores will be opened to the public, they will be limited to 25 people customers at a time.

The Fine Wine & Good Spirits stores will also set aside an hour a day for customers at high risk for COVID-19. Stores will also acquire customers and employees to maintain social distancing and wear masks. No returns will be accepted until further notice.

The stores plan to continue offering curbside sales, which brought in more than $72.1 million from April 20 through June 4, according to the board.

Rutter’s, Turkey Hill rank among top convenience stores

Local businesses like Turkey Hill and Rutter’s were part of a list of the best convenient stores in the country along with other Pennsylvania staples like Sheetz and Wawa.

A number of Pennsylvania’s biggest convenient stores were part of a new list published by Food & Wine earlier this month.

York-based Rutter’s was given the tenth spot in the list of 22 stores. The website praised the local convenient store for its wide variety of menu items.

“Offering one of the most extensive menus of any entry on this list, we’ve seen everything from ribs to chicken wings to cannoli and cheesecake on offer; nobody ever goes away hungry.”

Turkey Hill in Lancaster earned the 15th spot on the list for its ice cream varieties and bottled drinks. The company’s Turkey Hill Experience in Columbia also earned a mention from Food & Wine.

Sheetz and Wawa were listed higher in the list at four and two respectively.