Clean Harbors Q2 Profit Increases - Quick Facts

(RTTNews) - Clean Harbors, Inc. (CLH) reported that its second-quarter net income increased to $28.7 million, or $0.47 per share, from $22.9 million, or $0.38 per share, last year. Adjusted EBITDA increased to $135.80 million from $123.59 million.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.44 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $858.5 million, compared to $860.5 million, a year ago. Analysts expected revenue of $873.32 million for the quarter.

For the third quarter of 2014, the company expects revenue in the range of $890 million to $910 million. Analysts expect the company to report third-quarter revenue of $923.89 million.

Clean Harbors updated its 2014 guidance. The company now expects revenue to be at the low end of its previously announced revenue range of $3.5 billion to $3.6 billion. The company now expects 2014 Adjusted EBITDA in the range of $535 million to $555 million, compared with its previous guidance of $525 million to $555 million. Analysts expect the company to report 2014 revenue of $3.55 billion.