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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 1.52B | 12.5% |
Gross Profit | 269M | 49.3% |
Cost of Revenue | 1.25B | 6.8% |
Operating expense | 212M | 6.6% |
Net Income | 133M | 90.9% |
EBITDA | 196M | 76.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 7.14B | 2.8% |
Total Liabilities | 4.7B | 1.4% |
Total Equity | 2.44B | 5.6% |
Shares Outstanding | 54M | 0% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 216M | 1064.7% |
Cash from investing | -121M | 80.2% |
Cash from financing | -31M | 106.3% |
EPS
Financial Highlights for Clean Harbors in Q2 '24
Clean Harbors reported a revenue of 1.52B, which is a 12.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 269M, marking a 49.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 1.25B, a 6.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 212M, showing a 6.6% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 133M, showing a 90.9% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 196M, showing a 76.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Clean Harbors with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.