Clean Harbors, Inc. Reaffirms Earnings Guidance for the Year Ending December 31, 2014 and Provides Earnings Guidance for the Year Ending December 31, 2015
January 20, 2015 at 07:30 am EST
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Clean Harbors, Inc. reaffirms earnings guidance for the year ending December 31, 2014 and provides earnings guidance for the year ending December 31, 2015. For the year, the company expects revenues in the range of $3.40 billion to $3.42 billion, and Adjusted EBITDA in the range of $510 million to $520 million. The company expects GAAP net loss to be in the range of $42 million to $32 million, depreciation and amortization to be $278 million to $274 million.
Based on its outlook for the markets it serves and ongoing growth and cost reduction initiatives, the company currently expects 2015 Adjusted EBITDA to be in a range of $530 million to $570 million. he company expects GAAP net income to be in the range of $103 million to $136 million, depreciation and amortization to be $275 million to $265 million.
Clean Harbors, Inc. is a provider of sustainable environmental and industrial services throughout North America. The Company provides parts cleaning and related environmental services to general manufacturing, automotive and commercial customers in North America and re-refiner and recycler of used oil in North America. The Companyâs Environmental Services segment collects, transports, treats and disposes hazardous and non-hazardous waste, including resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemical disposal, explosives management and CleanPack services. It also offers emergency response services. Its Safety-Kleen Sustainability Solutions (SKSS) segment offers recycled base and blended oil products and other automotive and industrial lubricants to end users including distributors and manufacturers of oil products and industrial plants. It collects used oil which serves as feedstock for its eight oil re-refineries.
Clean Harbors, Inc. Reaffirms Earnings Guidance for the Year Ending December 31, 2014 and Provides Earnings Guidance for the Year Ending December 31, 2015