Heritage-Crystal Clean of Elgin 3Q revenues up 6 percent

ELGIN - Heritage-Crystal Clean reported revenues for the third quarter of 2015 were up 6 percent over the same period last year, a result of the company's recent acquisition of FCC Environmental.

Revenues for the quarter were $82.7 million, compared to $77.9 million for the third quarter of fiscal 2014. the provider of parts cleaning, used oil re-refining, and hazardous and nonhazardous waste services said the acquisition of FCC Environmental, as well as growth in its environmental services segment, were able to offset a decrease in its Oil Business, which was affected by lower oil prices.

Earnings for the quarter were $9.2 million, a 32 percent increase over the previous year's quarter.

"The $2.7 million in net income generated during the third quarter represented record quarterly profit for the company and we are pleased with the continued increase in profitability we have seen since the beginning of 2015. This is primarily the result of our successful integration of FCC Environmental," said company Founder, President, and Chief Executive Officer Joe Chalhoub, "As of the end of our third quarter, we were generating annualized synergies of approximately $23 million."