Clean Harbors (CLH) Misses Q3 EPS by 6c; offers outlook

Clean Harbors (NYSE: CLH) reported Q3 EPS of $2.12, $0.06 worse than the analyst estimate of $2.18. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.51 billion.

OUTLOOK

Clean Harbors revised its full-year 2024 guidance and now expects:

Adjusted EBITDA in the range of $1.10 billion to $1.12 billion, or a midpoint of $1.11 billion, which represents 10% growth year-over-year. This Adjusted EBITDA range is based on anticipated GAAP net income in the range of $375 million to $395 million.
Adjusted free cash flow in the range of $280 million to $320 million, or a midpoint of $300 million, which includes spending related to the Kimball incinerator and the Company’s Baltimore expansion. The Company is revising this range due to its new Adjusted EBITDA guidance and increased short-term working capital levels. This new range is based on anticipated net cash from operating activities in the range of $680 million to $750 million.

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

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