Clean Harbors rises on profit beat, HydroChemPSC buy

Clean Harbors

04/08/2021 15:32

** Shares of Clear Harbors Inc  CLH.N  up ~5% at $100.9
    ** Co to acquire HydroChemPSC, a provider of industrial
cleaning, specialty maintenance and utilities services, for
$1.25 bln in cash  urn:newsml:reuters.com:*:nBw6lvfrma
    ** Co says can achieve cost synergies of $40 mln from the
acquisition after first full year of operations
    ** Separately, co says Q2 revenue jumped 30% to $926.5 mln,
from a year ago  urn:newsml:reuters.com:*:nBw5CSlvNa
    ** Reports qtrly adj net income of $1.19 per share, above
est of 81 cents - Refinitiv IBES
    ** CLH is a provider of environmental, energy and industrial
services in North America
    ** Shares up ~32% YTD

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))