Clean Harbors Slips To Loss In Q1, Results Miss View - Quick Facts

(RTTNews) - Clean Harbors, Inc. (CLH) reported first-quarter net loss of $7.09 million or $0.12 per share, compared to net income of $8.96 million or $0.15 per share in the prior-year quarter.

Results for the latest quarter include pre-tax integration and severance costs of $2.2 million, while the year-ago quarter included $4.7 million of the same costs.

On average, 11 analysts polled by Thomson Reuters expected the company to report loss of $0.01 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter declined to $732.50 million from $846.67 million in the same quarter last year. Analysts expected revenue of $793.17 million for the quarter.

Looking ahead to the second quarter, the company expects adjusted EBITDA in a range of $138 million to $145 million and reported net income of $29 million to $36 million.

For fiscal 2015, Clean Harbors now expects adjusted EBITDA to be at the low end of its previously announced range of $530 million to $570 million.

This guidance now includes the company's recently completed acquisition of Thermo Fluids Inc., whose contributions should offset the adjusted EBITDA shortfall the company experienced in the first quarter.