DAILY NEWS Aug 8, 2014 11:11 AM - 0 comments

Clean Harbors finds slight 'rebound' for Q2

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By: HazMat Staff

Solid and hazardous waste firm Clean Harbors Inc. has reported a slight “rebound” into the second quarter, with a 25 per cent increase in net earnings.

While net earnings jumped to $28.7 million, compared to $22.9 million during last year’s Q2, the firm slipped slightly in revenue, dropping to $858.5 million compared to $860.5 million during the same period in 2013.

“We rebounded from a slow start to the year and moved into what is historically a seasonally stronger period for the Company,” said Alan McKim, Clean Harbors Chairman and CEO. “Our top-line results were slightly below our guidance range, hampered by some project delays and reduced activity in the Oil Sands region as well as a larger-than-expected revenue decrease in Oil and Gas Field Services.”

Revenue declined one per cent to $1.71 billion from $1.72 billion.

To view the firm’s comprehensive Q2 data, please click here.

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