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Clean Harbors, Inc. (CLH) is the largest provider of environmental, energy, and industrial services in North America. It specializes in hazardous waste disposal, serving a diverse customer base that includes a majority of Fortune 500 companies, various smaller private entities, and numerous federal, state, provincial, and local governmental agencies. The company’s core services encompass the collection, packaging, transportation, recycling, treatment, and disposal of both hazardous and non-hazardous waste.
Clean Harbors also offers a wide array of environmental cleanup services, available both on a scheduled and emergency response basis. These services are extended to customer sites or other specific locations. Additionally, the company provides industrial and specialty services like high-pressure and chemical cleaning, catalyst handling, decoking, material processing, and industrial lodging services. These are particularly tailored to refineries, chemical plants, pulp and paper mills, and other industrial facilities.
The company's business is divided into two main segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment is the primary revenue generator, providing parts cleaning and related environmental services to commercial, industrial, and automotive customers.
In recent developments, Clean Harbors announced the acquisition of HEPACO, LLC, a leading provider of emergency response and scheduled environmental services, for $400 million. This acquisition aims to expand Clean Harbors’ geographical reach and service offerings. HEPACO operates from over 40 service centers throughout the Eastern United States, employing approximately 1,000 people. The acquisition is expected to accelerate HEPACO’s growth initiatives and enhance its service capabilities.
With a strong commitment to environmental sustainability and safety, Clean Harbors continues to lead in providing comprehensive waste management solutions and industrial services. The company’s notable partnerships and continuous expansion underscore its significant role in the industry.
Clean Harbors (NYSE: CLH), North America's leading environmental and industrial services provider, has announced its participation in the Goldman Sachs Industrials and Materials Conference. CFO Eric J. Dugas and SVP Investor Relations Jim Buckley will engage in a fireside chat scheduled for December 5, 2024, at 10:00 a.m. ET. The event will be accessible via live webcast through the company's website at www.cleanharbors.com under the Investor Relations section.
Clean Harbors announced immediate pricing revisions for its Safety-Kleen subsidiary's used engine and industrial oils collection services. The company is implementing broad rate increases across its customer base in the U.S. and Canada, citing declining prices in base oil, vacuum gas oil (VGO), and recycled fuel oil (RFO), which have reduced the value of re-refined products. Additionally, Safety-Kleen will expand its stop fee program to offset rising transportation and labor costs. The changes aim to address market pressures and prevent further financial deterioration in the Safety-Kleen Sustainability Solutions (SKSS) segment.
Clean Harbors (NYSE: CLH) reported strong Q3 2024 financial results with revenue growing 12% to $1.53 billion and net income increasing 26% to $115.2 million. The company achieved an 18% growth in Adjusted EBITDA to $301.8 million with a margin of 19.7%. Environmental Services segment showed strong performance with 13% revenue growth, while Safety-Kleen Sustainability Solutions faced challenges due to softer demand. The company revised its full-year 2024 guidance, now expecting Adjusted EBITDA between $1.10-1.12 billion and adjusted free cash flow of $280-320 million. The new Kimball, Nebraska incinerator is scheduled for commercial launch in November.
Clean Harbors, Inc. (NYSE: CLH), North America's leading provider of environmental and industrial services, has announced its upcoming third-quarter 2024 financial results conference call. The call is scheduled for Wednesday, October 30, 2024, at 9:00 a.m. ET.
Key executives participating in the call include Co-Chief Executive Officers Michael L. Battles and Eric W. Gerstenberg, Chief Financial Officer Eric J. Dugas, and Senior Vice President of Investor Relations Jim Buckley. They will discuss Clean Harbors' financial results, business outlook, and growth strategy.
Interested parties can access the conference call webcast through the Investor Relations section of Clean Harbors' website at www.cleanharbors.com. Alternatively, the live call can be accessed by dialing 877.709.8155 or 201.689.8881. Listeners are advised to dial in at least 10 minutes before the call starts. For those unable to attend the live call, an archived version will be available on the company's website.
Clean Harbors, Inc. (NYSE: CLH) has expanded its Board of Directors to 13 members by appointing Co-Chief Executive Officers Michael Battles and Eric Gerstenberg as Class III directors, effective immediately. This move comes after their successful leadership as co-CEOs for the past year and a half, during which the company has made significant progress in executing its Vision 2027 growth strategy.
Eric Gerstenberg, 56, has been with Clean Harbors since 1989, most recently serving as Chief Operating Officer since 2015. Michael Battles, 56, joined the company in 2013 as Chief Accounting Officer and was promoted to CFO in 2016 before becoming Co-CEO in 2023. Both executives bring extensive experience in operations, finance, and strategic leadership to the board.
Clean Harbors, the leading environmental and industrial services provider in North America, has released its 2024 Sustainability Report. The report highlights the company's significant environmental impact in 2023:
• Avoided over 3.5 million metric tons of greenhouse gas (GHG) emissions, more than double its own operational emissions
• Responded to nearly 14,000 emergency events involving hazardous material releases
• Ranked 13th globally and 2nd among U.S. companies in the list of 100 Most Sustainable Corporations in the World
The report outlines Clean Harbors' sustainable services, including waste and recycling solutions, emergency response, wastewater treatment, and used oil recovery. It also updates progress on the company's 2030 environmental and social goals, emphasizing its commitment to helping customers achieve their sustainability objectives.
Clean Harbors (NYSE: CLH) reported strong Q2 2024 financial results, with revenue increasing 11% to $1.55 billion and net income growing 15% to $133.3 million. The company achieved a 14% growth in Adjusted EBITDA to $327.8 million with a margin of 21.1%. Environmental Services segment led growth with a 12% revenue increase and 18% Adjusted EBITDA growth. Safety-Kleen Sustainability Solutions rebounded from Q1 with 8% revenue growth. Clean Harbors raised its full-year 2024 Adjusted EBITDA guidance to a range of $1.125 billion to $1.165 billion, representing 13% year-over-year growth. The company expects Q3 2024 Adjusted EBITDA to grow 20% to 24% from Q3 2023.
Clean Harbors (NYSE: CLH), North America's leading environmental and industrial services provider, has announced its upcoming second-quarter 2024 financial results conference call. The call is scheduled for Wednesday, July 31, 2024, at 9:00 a.m. ET. Co-CEOs Michael L. Battles and Eric W. Gerstenberg, CFO Eric J. Dugas, and SVP of Investor Relations Jim Buckley will discuss the company's financial results, business outlook, and growth strategy.
Interested parties can access the call via webcast on the Investor Relations section of Clean Harbors' website or by dialing 877.709.8155 or 201.689.8881. Listeners are advised to dial in at least 10 minutes before the call starts. For those unable to attend live, the webcast will be archived on the company's website for later access.
Clean Harbors (NYSE: CLH), a leading North American environmental and industrial services provider, announced that its senior management will participate in a fireside chat at the Stifel 2024 Cross Sector Insight Conference. The event will be webcast live at 10:55 a.m. ET on June 4, 2024. Interested parties can access the live or archived webcast via the Investor Relations section of Clean Harbors' website.
Clean Harbors, Inc. announced a 5% increase in Q1 revenue to $1.38 billion, led by 10% growth in Environmental Services. They achieved a net income of $69.8 million with EPS of $1.29 and raised their 2024 Adjusted EBITDA guidance. The company reported strong results in their ES segment and highlighted improvements in their SKSS segment. They are confident in their growth goals for 2024 and anticipate positive performance in the coming quarters.
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