Clean Harbors Reports Second-Quarter 2015 Financial Results
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Go back to Clean Harbors Reports Second-Quarter 2015 Financial Results
August 6, 2015 8:31 AM EDT
Imperial Capital maintained an Outperform rating on Clean Harbors (NYSE: CLH), and cuts the price target to $62.50 (from $65.00), following 2Q15 results. Adjusted EBITDA of $163.1mn
exceeded Street's $138.1mn estimates. Adjusted EPS of $0.72 was well above Street's $0.51.
Analyst Scott Levine commented, "We are... More
August 5, 2015 7:33 AM EDT
Clean Harbors (NYSE: CLH) reported Q2 EPS of $0.72, $0.21 better than the analyst estimate of $0.51. Revenue for the quarter came in at $936.2 million versus the consensus estimate of $816.52 million.
Based on its second-quarter performance, current market conditions and the impact of emergency response events, Clean Harbors is reaffirming its previously announced 2015 Adjusted EBITDA guidance range of $530 million to $570 million.
During the second quarter, we participated in several major emergency response efforts to address natural disasters, pipeline spills, avian flu, rail-related accidents and damage to fixed facilities, McKim said. With our extensive capabilities to respond to... More
