Clean Harbors (NYSE: CLH) reported Q4 EPS of $0.24, $0.07 better than the analyst estimate of $0.17. Revenue for the quarter came in at $858.2 million versus the consensus estimate of $823.41 million.

Business Outlook and Financial Guidance

“We enter 2019 on an upward trajectory that will support our planned profitable growth,” McKim said. “The external economic environment remains positive for us. Ongoing growth of the U.S. chemical and manufacturing sectors is among the favorable trends that should support a rise in high-value waste streams into our disposal facilities. We continue to see a robust pipeline of remediation and waste project opportunities. Within industrial services, we will benefit from our second year owning Veolia’s U.S. Industrial Services business. We expect Safety-Kleen to grow in 2019 through its core branch offerings, re-refinery network and direct lube sales program. In our blended lubricants business, we are targeting more than 50 million gallons of total blended sales through growth in both direct lube sales and our distributor business.

“We expect first-quarter 2019 Adjusted EBITDA growth of about 10% year-over-year. Overall, we are seeing continued momentum in both segments, and we have numerous opportunities to capture profitable growth and further improve margins through better pricing and mix, cross-selling, higher utilization and cost controls,” McKim concluded.

Based on its 2018 financial performance and current market conditions, Clean Harbors expects full-year 2019 Adjusted EBITDA in the range of $500 million to $540 million. On a GAAP basis, the Company’s guidance is based on anticipated 2019 net income in the range of $70 million to $110 million. For 2019, Clean Harbors expects to generate adjusted free cash flow in the range of $190 million to $220 million, which is based on anticipated 2019 net cash from operating activities in the range of $380 million to $430 million.

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