Clean Harbors Q3 Profit Soars - Quick Facts

(RTTNews) - Clean Harbors, Inc.(CLH, CLHB), Wednesday reported a surge in its third-quarter net income, on higher revenues driven particularly by the acquisition of Safety-Kleen.

For the three-month period, the company reported net income of $35.3 million, or $0.58 per share, compared with $12.3 million or $0.23 per share last year. Adjusted EBITDA for the quarter was $146 million.

On average, fourteen analysts polled by Thomson Reuters expected the company to report earnings per share of $0.65 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues rose to $907.5 million, from prior year's $533.8 million. Analysts expected the company to generate revenues of $893.78 million.

For the full-year 2013, the company continues to expect revenues in the range of $3.50 billion to $3.55 billion. Based upon preliminary estimates of the markets it serves, the company now expects 2014 revenues in the range of $3.7 billion to $3.8 billion. Analysts expect the company to report revenues of $3.52 billion for 2013, and $3.75 billion for 2014.