Clean Harbors profit falls as Canada floods hit work
(Reuters) - Environmental clean-up company Clean Harbors Inc (CLH.N) reported a lower quarterly profit and reduced its revenue forecast for the full year due to flooding in western Canada.
Net income fell to $22.9 million, or 38 cents per share, in the second quarter from $23.4 million, or 44 cents per share, a year earlier.
Revenue rose 64 percent to $860.5 million due to the $1.25 billion purchase of Safety-Kleen Inc in October. Safety-Kleen re-refines and recycles used oil.
(Reporting By Garima Goel in Bangalore)
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