Heritage-Crystal Clean, Inc. (HCCI) Tops Q3 EPS by 3c

Heritage-Crystal Clean, Inc. (NASDAQ: HCCI) reported Q3 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $77.9 million versus the consensus estimate of $76.8 million.

The Company's Founder, President, and Chief Executive Officer, Joe Chalhoub, commented, "We are pleased with our execution during the third quarter. In our Environmental Services segment, overall revenue growth was strong at 14.0%, and same branch sales continued to grow at double digit rates. We opened one additional branch during the quarter bringing our total number of branches to 77. Our continued expansion will help us achieve our long-term growth objectives."

Chalhoub added, "Our Oil Business segment also experienced robust revenue growth driven by increased throughput at our re-refinery, compared to the year ago quarter, as a result of operating the plant at approximately 100% of our 65 million gallon nameplate capacity. During the quarter we also saw progress in the efficiency of our used oil collection fleet, and we were able to continue our success in reducing the weighted average price paid to generators for their used oil."

For earnings history and earnings-related data on Heritage-Crystal Clean, Inc. (HCCI) click here.

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