Clean Harbors (CLH) was going to have a great quarter. After all, they were one of the big beneficiaries of the gulf oil spill with its experience in cleaning up environmental contaminants… and a big quarter it was. The company smashed estimates posting a record EPS of $2.20 which was way ahead of the analyst estimate of .87. To put that in perspective, it’s nearly equal to their best year in 2008 when they produced … Read the rest
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Wedbush Reiterates Outperform On Clean Harbors (CLH): "Leading Environmental Clean Up Company"
Wedbush reiterated its Outperform rating on Clean Harbors (CLH) and raised the price target from $72 to $76. The firm calls Clean Harbors “A leading emergency response/environmental clean-up company” in regards to the crisis in the Gulf of Mexico. Hat tip to Street Insider for the following analyst comments:
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The firm remains “confident in the long run investment thesis”, as gradual improvement in “economic activities is … Read the rest
Clean Harbors (CLH) Assisting In Gulf Oil Spill Clean-Up, Expects 15-20% Increase In Revenues
Clean Harbors just announced that it has been selected to take part in the Deepwater Horizon spill clean up attempts. Both the government and private organizations have contracted with Clean Harbors for wide range of environmental services related to the spill, including containing, removing and disposing of the oil, as well as providing specialized equipment and containment boom. The company is also recruiting and training local people to assist with cleanup, teaching them how to … Read the rest
Clean Harbors (CLH) Earns VPP Star Status For Nebraska Facility
Clean Harbors just announced that it has earned VPP Star status from the Occupational Safety and Health Administration (OSHA) Voluntary Protection Program for its Kimball, Nebraska Treatment, Storage, and Disposal Facility.
This award is based on the plant’s safety record and is a step up from its previous “Merit” designation. In a press release, the Kimball facility’s general manager, Jared Hunsaker, commented on the award:
“VPP Star is another great accomplishment but we are … Read the rest
Clean Harbors (CLH) To Acquire Eveready
Clean Harbors just announced a deal to acquire the Canadian company Eveready, Inc. The total cost of the acquisition will be $464 million, of which $202 million will be used to buy Eveready stock and $262 million will be used to acquire Eveready’s debt. The deal is expected to be concluded in the third quarter.
Executives from Clean Harbors commented on the deal in an article from the Canadian Press:
… Read the restClean Harbors, with 4,800
3rd Quarter Results In For Clean Harbors, Inc (CLHB)
Clean Harbors released its 3rd quarter results this morning. Compared to this quarter last year, revenue has has increased 11 percent, rising from $245.5 million in 2007 to 273.2 million today. Income from operations also increased, going from $25.9 million last year to $31.3 million, an increase of 21%. However, net income for shareholders rose to $14.6 million this year from $12.9 million last year. However, due to an .11 per share charge from … Read the rest
Two Waste Management Stocks Reviewed (ECOL and CLHB)
The Emervest blog recently reviewed the stocks of two waste management companies, American Ecology(ECOL) and Clean Harbor (CLHB). American Ecology treats both hazardous and low-level radioactive waste, and has been doing quite well. Last quarter, the company’s net income increased 20%. Their stock has increased by almost 50% this year, as well.
Clean Harbors is another good waste management stock that is also on the rise, having increased approximately 40% since New Year’s 2008. The … Read the rest
Clean Harbors (CLHB) Beats Estimates
Clean Harbors (CLHB) reported better than expected earnings this morning and raised its full year 2008 revenue outlook. After initially selling off this morning, the stock has recovered significantly and reclaimed key support levels.
The company credited the strong results to growth across all segments and higher utilization of its domestic incinerators.
The company reported a 44% jump in income which beat estimates. Revenue rose 11% from the year ago period which also edged estimates. … Read the rest