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Clean Harbors 1st-quarter profit rises as revenue climbs



By AP
07 May 2008 @ 09:15 am EST

NORWELL, Mass. - Waste management services provider Clean Harbors Inc. on Wednesday said its first-quarter profit more than doubled, helped by higher revenue from both its technical and site services unit.

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Quarterly profit rose to $8.9 million, or 43 cents per share, from $3.4 million, or 17 cents per share, in the same period last year.

Revenue rose 18 percent to $242.5 million from $205 million last year.

Analysts polled by Thomson Financial predicted a profit of 40 cents per share on revenue of $232.1 million.

The company said growth was broad based and all geographic regions were above plan.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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