Charah Solutions Completes Three Multi-Year Legacy Projects

Rhea-AI Summary

Charah Solutions (NYSE:CHRA) has successfully completed three multi-year legacy projects: an ash pond closure in Arkansas, landfill construction in Kentucky, and a fly ash pond closure in Missouri. These achievements signal a significant transition for the company towards a more profitable financial profile. Charah's President & CEO, Scott Sewell, emphasized that the completion of these projects positions them to accelerate growth across five income streams, enhancing their capacity to tackle environmental challenges in the power generation sector.

Positive

• Completion of three multi-year legacy projects enhances operational efficiency.
• Projects position Charah for accelerated growth across five income streams.
• Transition towards a more profitable financial profile.

Negative

• None.

LOUISVILLE, KY / ACCESSWIRE / October 26, 2022 / Charah^® Solutions, Inc. (NYSE:CHRA), a leading provider of environmental services and byproduct recycling to the power generation industry, today announced that it has completed three multi-year legacy projects including an ash pond closure project in Arkansas, a landfill construction project in Kentucky, and a fly ash and bottom ash pond closure project in Missouri and is finishing demobilization at these sites.

"Completing these three legacy projects in the south and Midwest furthers our transition to a company with a more profitable financial profile," said Scott Sewell, Charah Solutions President & CEO. "By concluding these legacy projects, we are well positioned to accelerate growth in our five dynamic income streams."

About Charah Solutions, Inc.

With more than 35 years of experience, Charah Solutions, Inc. is a leading provider of environmental services and byproduct recycling to the power generation industry. Based in Louisville, Kentucky, Charah Solutions is the partner of choice for solving customers' most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the Company is committed to reducing greenhouse gas emissions for a cleaner energy future. Charah Solutions assists utilities and independent power producers with all aspects of sustainably managing and recycling ash byproducts generated from the combustion of coal in the production of electricity. The Company also designs and implements solutions for ash pond management and closure, landfill construction, structural fill projects, power plant remediation and site redevelopment. As a sustainability leader, Charah Solutions is dedicated to preserving our natural resources in an environmentally-conscious manner and is focused on developing innovative solutions for the betterment of the planet, the communities in which it operates and its customers. For more information, please visit www.charah.com or download our 2021 Environmental, Social and Governance (ESG) Report at charah.com/sustainability.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements are identified by their use of terms and phrases such as "may," "expect," "estimate," "project," "plan," "believe," "intend," "achievable," "anticipate," "will," "continue," "potential," "should," "could," and similar terms and phrases. These statements are based on certain assumptions made by the Company based on management's experience and perception of historical trends, current conditions, anticipated future developments and other factors believed to be appropriate. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. See the Company's Form 10-K for the fiscal year ended December 31, 2021, and other periodic reports as filed with the Securities and Exchange Commission for further information regarding risk factors. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Investor Contacts
Jonathan Batarseh
Charah Solutions
(502) 245-1353
ir@charah.com

Kirsten Chapman
LHA Investor Relations
(415) 433-3777
charah@lhai.com

Media Contact
Brad Mercer
PriceWeber Marketing
(502) 777-3308
media@charah.com

SOURCE: Charah Solutions, Inc.

View source version on accesswire.com:
https://www.accesswire.com/722231/Charah-Solutions-Completes-Three-Multi-Year-Legacy-Projects

FAQ

What projects did Charah Solutions complete recently?

Charah Solutions completed an ash pond closure in Arkansas, a landfill construction project in Kentucky, and a fly ash pond closure in Missouri.

How does the completion of projects affect Charah Solutions' financial profile?

The completion of these projects is expected to transition Charah Solutions to a more profitable financial profile.

What is the significance of the recent projects for Charah Solutions?

These projects will help Charah Solutions accelerate growth in their five dynamic income streams.

What is the stock symbol for Charah Solutions?

The stock symbol for Charah Solutions is CHRA.

When was the announcement about Charah Solutions' completed projects made?

The announcement was made on October 26, 2022.