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

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