Clean Harbors Revises FY24 Adjusted EBITDA Outlook From $1.125B - $1.165B To $1.10B - $1.12B
Portfolio Pulse from Benzinga Newsdesk
Clean Harbors has revised its FY24 Adjusted EBITDA outlook to a range of $1.10B - $1.12B, down from the previous range of $1.125B - $1.165B. The anticipated GAAP net income is now expected to be between $375 million and $395 million, compared to the prior view of $391 million to $426 million.
October 30, 2024 | 11:37 am
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Clean Harbors has lowered its FY24 Adjusted EBITDA and GAAP net income outlook, indicating potential challenges in achieving previous financial targets.
The revision of the Adjusted EBITDA and GAAP net income outlooks suggests that Clean Harbors may face difficulties in meeting its previous financial expectations. This could lead to a negative short-term impact on the stock price as investors adjust their expectations.
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