Clean Harbors (CLH) Tops Q2 EPS by 19c; Raises adj-EBITDA Guidance

Clean Harbors (NYSE: CLH) reported Q2 EPS of $0.54, $0.19 better than the analyst estimate of $0.35. Revenue for the quarter came in at $849.1 million versus the consensus estimate of $837.27 million.

Raises 2018 Adjusted EBITDA and Adjusted Free Cash Flow Guidance.

Based on its recent financial performance and current market conditions, Clean Harbors raised its full-year 2018 Adjusted EBITDA guidance to a range of $460 million to $490 million, compared with its prior range of $440 million to $480 million. On a GAAP basis, the Company’s revised guidance is based on projected 2018 net income in the range of $30 million to $59 million. A reconciliation of the Company’s Adjusted EBITDA guidance to net income guidance is included below. Clean Harbors also increased its adjusted free cash flow guidance. The Company currently expects to generate adjusted free cash flow for 2018 in the range of $135 million to $165 million, compared with its previous range of $125 million to $155 million, which is based on projected 2018 net cash from operating activities in the range of $305 million to $355 million.

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

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