HERITAGE CRYSTAL CLEAN INC
SymbolHCCI

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Heritage-Crystal Clean, Inc. Announces 2009 Third Quarter Financial Results

2009-10-20 18:09 ET - News Release

ELGIN, Ill., Oct. 20, 2009 (GLOBE NEWSWIRE) -- Heritage-Crystal Clean, Inc. (Nasdaq:HCCI), a leading provider of parts cleaning, hazardous and non-hazardous waste services to small and mid-sized customers, today announced results for the third fiscal quarter of 2009, which ended September 12, 2009.

Third quarter highlights include: 



  --  Average sales per working day in the third quarter of 2009
      were approximately $380,000, the same as the second quarter of
      fiscal 2009, but down from $440,000 in the third quarter of
      fiscal 2008.

  --  Sales were $22.3 million, a decline of 13% compared to $25.6
      million in the third quarter of fiscal 2008.  Year-to-date
      sales decreased 7% to $68.4 million, compared to $73.5 million
      in 2008.

  --  Same-branch sales declined 15%, measured for the 54 branches
      that were in operation throughout both the third fiscal
      quarters of 2009 and 2008.  On a year-to-date basis,
      same-branch sales declined 8%.

  --  EPS (basic and diluted) was $0.05 compared to $0.06 in the
      second quarter of 2009, and compared to $0.15 in the third
      quarter of fiscal 2008.

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