Clean Harbors sees mlns in new revenues
October 22, 2001 5:31pm
Source: Reuters
NEW YORK (Reuters) - Hazardous materials disposal firm Clean Harbors Inc. should see several million dollars in extra revenues from securing potential anthrax sites, its chief executive said Monday.
It shares jumped 76 percent, or $1.75, to $4.05 on Nasdaq, it's highest level in 18 months.
President and Chief Executive Officer Alan McKim did not say when the revenues would be booked. The company has received dozens of calls from customers concerned about potential anthrax contamination, McKim said in an interview with Reuters.
``It certainly should be several million dollars, but it won't double the company (sales) or anything like that,'' McKim said, referring to the new business. Clean Harbors had $233 million in sales last year.
``I don't look at this as a huge earnings impact to the company,'' McKim said, adding it was too soon to determine the effect.
One high-profile assignment is decontaminating the offices of NBC Inc. in New York, where an anthrax-laced letter was sent to news anchor Tom Brokaw, McKim said. NBC is owned by General Electric Co.
The company has also been cleaning up hazardous materials at the World Trade Center since the Sept. 11 attack.
Volume for the stock was about 3.7 million shares, far higher than the typical daily trading of about 22,000 shares, a spokesman said. |
