Clean Harbors is a leading provider of environmental, energy, and industrial services in North America
The company specializes in waste management, including the collection, treatment, and disposal of hazardous and non-hazardous materials. Additionally, Clean Harbors offers a range of services including site remediation, emergency spill response, industrial cleaning, and recycling. With a focus on sustainability, the company works to ensure compliance with environmental regulations while assisting clients in enhancing their operational efficiency and minimizing their environmental footprint.
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Shares of environmental and industrial services company Clean Harbors (NYSECLH)
fell 12.4% in the pre-market session after the company reported weak third-quarter earnings with its EBITDA forecast for the full year falling below Wall Street's expectations. The underwhelming forecast partly suggests profitability might be pressured as EPS and EBITDA fell below analysts' estimates during the quarter. In addition, while sales exceeded expectations, the margin was narrow, further dampening investors' optimism. Overall, this was a weaker quarter.
Environmental and industrial services company Clean Harbors (NYSECLH) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 12% year on year to $1.53 billion. Its GAAP profit of $2.12 per share was 3.2% below analysts’ consensus estimates.
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