Clean Harbors (CLH) Misses Q3 EPS by 5c; Lowers Adj-EBTIDA Outlook

Clean Harbors (NYSE: CLH) reported Q3 EPS of $0.69, $0.05 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $893.4 million versus the consensus estimate of $901.13 million.

“Based on extensive emergency response activity and strong contributions from several businesses, Clean Harbors delivered the highest quarterly Adjusted EBITDA in our history,” said Alan S. McKim, Chairman and Chief Executive Officer. “Our third-quarter results, which were in line with our previously announced guidance, were achieved despite considerable headwinds. These include weakness in the energy sector, declines in base oil pricing and the effects of a strong U.S. dollar on some domestic customers who rely on exporting, as well as its impact on foreign currency translation.”

Based on its year-to-date performance and current market conditions, Clean Harbors is revising its 2015 Adjusted EBITDA guidance range. The Company now expects Adjusted EBITDA in the range of $507 million to $514 million, compared with its previous guidance of $530 million to $570 million.

For earnings history and earnings-related data on Clean Harbors (CLH) click here.

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