On Yesterday Clean Harbors, Inc. (NYSE: CLH) has shown upward move of +1.06% and ended the last trade at $71.42. The trading volume was recorded to 117,743 shares as compared to average traded volume of 359,679 shares.
Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental, recently reported financial results for the first quarter ended March 31, 2019.
First-quarter revenues increased to $780.8M from $749.8M in the same period of 2018. Income from operations over doubled to $23.7M from $11.0M in the year-earlier quarter.
Net income for the first quarter of 2019 was $1.0M, or $0.02 per diluted share. This contrast with a net loss for the same period in 2018 of $12.6M, or $0.22 per share. Adjusted for certain items in both periods, adjusted net income for the first quarter of 2019 was $5.1M, or $0.09 per diluted share, contrast with an adjusted net loss of $6.6M, or $0.12 per share, in the same period in 2018.
Adjusted EBITDA (see description below) in the first quarter of 2019 increased 15% to $101.7M from $88.3M in the same period of 2018.
Based on its first-quarter financial and full-year 2019 Adjusted EBITDA in the range of $510M to $540M. On a GAAP basis, the Company’s guidance is based on anticipated 2019 net income in the range of $77M to $110M. For 2019, Clean Harbors continues to expect to generate adjusted free cash flow in the range of $190M to $220M, which is based on anticipated 2019 net cash from operating activities in the range of $380M to $430M.