Company Achieves Record $90.8 Million in Revenues, Net Income of $10.7 Million, or $0.07 per share, and $19.3 Million in Adjusted EBITDA Business WirePress Release: Heckmann Corporation – 34 minutes ago Companies:
PITTSBURGH--(BUSINESS WIRE)--
Heckmann Corporation (HEK) today announced the following financial results for the second quarter ended June 30, 2012:1
Revenues more than doubled to $90.8 million, compared with $39.2 million for the same period in the previous year. Net income from continuing operations, which included a deferred tax benefit, improved to $10.7 million, or $0.07 per share, compared with $0.3 million, or breakeven per share, for the second quarter of 2011. Adjusted EBITDA2 increased 105% to $19.3 million, compared with $9.4 million for the second quarter of 2011. Revenues for the second quarter of 2012 increased 10% sequentially, compared with pro-forma revenues of $82.4 million for the first quarter of 2012, and adjusted EBITDA increased by 19% sequentially, compared with pro-forma adjusted EBITDA of
Funny how we want to be friends after we rip each other's guts out?
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