Clean Harbors Q2 Profit Decreases - Quick Facts

(RTTNews) - Clean Harbors, Inc. (CLH) reported that its second-quarter net income decreased to $22.90 million or $0.38 per share, from $23.43 million or $0.44 per share, last year. The company noted that its results for 2013 reflect the December 2012 acquisition of Safety-Kleen. The company's second-quarter 2013 net income includes approximately $6.8 million in pre-tax integration and severance costs.

On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.59 for the quarter. Analysts' estimates exclude special items.

Revenues were $860.53 million, compared to $523.12 million last year. Analysts expected revenue of $884.41 million for the quarter.

Clean Harbors lowered its previously announced 2013 annual revenue guidance. The company currently expects 2013 revenues in the range of $3.50 billion to $3.55 billion, compared with its previous revenue guidance of $3.62 billion to $3.67 billion. Analysts expect the company to report 2013 revenue of $3.60 billion.