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%.
For comments and feedback: editorial@rttnews.com