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Clean Harbors Q3 Profit Dips; Guides Q4; Cuts FY09 Outlook - Quick Facts 2

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Clean Harbors Inc.'s (CLHB,CLH) third-quarter net income dropped to $9.18 million or $0.36 per share from $14.63 million or $0.61 per share in the year earlier quarter. Third quarter 2009 net income included about $9.0 million in expenses related to the company's acquisition of Eveready and the early extinguishment of debt.

Revenues for the third quarter grew to $305.61 million from $273.16 million in the comparable period.

For the fourth quarter, the company expects to report revenue in the range of $345 million - $360 million.

For the full-year 2009, Clean Harbors now expects revenue for the combined company in the range of $1.07 billion - $1.09 billion compared with its prior range of $1.13 billion - $1.16 billion.

For the full year 2010, the company currently expects revenue in the range of $1.40 billion - $1.45 billion and is targeting an EBITDA margin of about 17%.

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