Clean Harbors Q1 Profit Down; Backs FY Outlook

(RTTNews) - Clean Harbors, Inc. (CLH) Wednesday posted first-quarter net income of $9.0 million or $0.15 per share compared with $10.5 million or $0.17 per share in the first quarter of 2013. The net income in the current quarter included $4.7 million of pre-tax integration and severance costs. On average, 13 analysts polled by Thomson Reuters expected earnings per share of $0.14 for the quarter. Analysts' estimates typically exclude one-time items. Revenues for the first quarter were $846.7 million compared with $862.2 million in the same period in 2013.Analysts estimated revenues of $833.82 million for the quarter. Further for the second quarter, the company expects revenue in the range of $860 million to $880 million and anticipates to generate adjusted EBITDA in the range of $130 million to $135 million.Analysts estimate revenues of $880.77 million for the second quarter. For the full-year 2014, the company continues to expect revenues in the range of $3.5 billion to $3.6 billion and adjusted EBITDA in the range of $525 million to $555 million.Analysts forecast annual revenues of $3.55 billion.