Imperial Capital Cuts Price Target on Clean Harbors (CLH) Following EPS Beat

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Go back to Imperial Capital Cuts Price Target on Clean Harbors (CLH) Following EPS Beat

Clean Harbors (CLH) Tops Q2 EPS by 21c; Reaffirms Adjusted EBITDA Guidance

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