HCCI - Heritage-Crystal Clean GAAP EPS of $1.16 beats by $0.43 revenue of $241.09M beats by $17.06M
- Heritage-Crystal Clean press release ( NASDAQ: HCCI ): Q4 GAAP EPS of $1.16 beats by $0.43 .
- Revenue of $241.09M (+42.2% Y/Y) beats by $17.06M .
- Net income was a record $27.6 million; up significantly compared to net income of $18.1 million in the fourth quarter of 2021.
- Basic earnings per share were a record high of $1.17 for the quarter, an increase of 51.9% compared to $0.77 for the fourth quarter of 2021.
- Oil Business segment revenue of $75.3 million represents a record high, and an increase of 14.3% from the year-ago quarter.
- Environmental Services segment revenue was a record high of $165.8 million, an increase of 60.0% from the year-ago quarter.
- Environmental Services profit before corporate selling, general, and administrative expenses was a record high of $35.1 million with operating margin of 21.2%.
- EBITDA for the quarter was a record $52.9 million, the third consecutive quarter of record-setting EBITDA.
- Adjusted EBITDA of $42.1 million was up 17.9% compared to Adjusted EBITDA of $35.7 million in the fourth quarter of 2021.
- Adjusted net earnings for the quarter were $18.8 million.
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Heritage-Crystal Clean GAAP EPS of $1.16 beats by $0.43, revenue of $241.09M beats by $17.06M