Welcome to our dedicated page for Clean Harbors news (Ticker: CLH), a resource for investors and traders seeking the latest updates and insights on Clean Harbors stock.
Clean Harbors Inc. (NYSE: CLH) is a prominent provider of environmental, energy, and industrial services, recognized as the largest hazardous waste disposal company in North America. The company plays a critical role in supporting industries and organizations with environmental compliance, sustainability, and waste management solutions. Its diverse customer base includes Fortune 500 companies, private enterprises, and various governmental agencies, reflecting its broad market reach and essential service offerings.
Core Business Segments
Clean Harbors operates through two primary business segments: Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment forms the backbone of the company, offering a comprehensive range of hazardous and non-hazardous waste management services. These include collection, packaging, transportation, recycling, treatment, and disposal of hazardous materials. Additionally, the company provides emergency response services and environmental cleanup solutions, addressing both scheduled and unforeseen needs at customer sites or external locations.
The Safety-Kleen Sustainability Solutions segment focuses on parts cleaning, used oil recycling, and re-refining services. This segment emphasizes sustainability by helping clients reduce waste and achieve circular economy goals through innovative recycling and re-refining processes. By integrating safety and environmental stewardship, Clean Harbors positions itself as a key partner for industries aiming to meet stringent environmental regulations and sustainability targets.
Industrial and Specialty Services
In addition to waste management, Clean Harbors offers a suite of industrial and specialty services tailored to heavy industries such as refineries, chemical plants, and pulp and paper mills. These services include high-pressure and chemical cleaning, catalyst handling, decoking, material processing, and industrial lodging. By addressing complex operational needs, the company enhances the efficiency and safety of industrial facilities while minimizing environmental impact.
Market Position and Differentiation
Clean Harbors stands out within the environmental services industry due to its scale, comprehensive service offerings, and ability to handle complex hazardous waste challenges. Its extensive infrastructure includes a network of treatment, storage, and disposal facilities, as well as a fleet of specialized vehicles for waste transportation. The company's expertise in emergency response services further differentiates it, enabling rapid and effective action during environmental incidents.
Industry Significance
The environmental services industry is shaped by stringent regulations, growing environmental awareness, and the increasing complexity of industrial processes. Clean Harbors plays a pivotal role in this landscape by helping organizations navigate regulatory requirements, reduce environmental risks, and adopt sustainable practices. Its ability to provide end-to-end solutions, from waste collection to final disposal or recycling, makes it an indispensable partner for industries seeking to balance operational efficiency with environmental responsibility.
Commitment to Sustainability
Clean Harbors is deeply committed to sustainability, as evidenced by its investment in recycling and re-refining technologies. By transforming used materials into reusable resources, the company contributes to a circular economy while reducing the environmental footprint of its operations and those of its clients. This focus on sustainability aligns with global trends toward greener business practices and positions Clean Harbors as a forward-thinking leader in its field.
Conclusion
In summary, Clean Harbors Inc. is a cornerstone of the environmental services industry, offering a diverse range of solutions that address critical environmental, industrial, and sustainability challenges. Its robust infrastructure, specialized expertise, and commitment to innovation enable it to serve a wide array of industries effectively. As environmental regulations and sustainability goals continue to shape the industrial landscape, Clean Harbors is well-positioned to remain a trusted partner for organizations across North America and beyond.
Miller Environmental Group has appointed Robb Schreck as its new Chief Executive Officer and Board member. Schreck, who brings over 30 years of experience in business services leadership, succeeds Rudy Streng, who will transition to Senior Advisor to the CEO.
Schreck's most recent position was CEO of HEPACO, where he led the company's growth from 2019 until its acquisition by Clean Harbors (NYSE: CLH) in 2024. His previous experience includes senior leadership roles at Elior North America, Ingersoll Rand, and Schindler Elevator He holds a BBA in Accounting from Niagara University and an MBA from the University of Chicago Booth School of Business.
Clean Harbors (NYSE: CLH) reported strong Q4 and full-year 2024 results, with Q4 revenues increasing 7% to $1.43 billion and full-year revenues reaching $5.89 billion. The company's Environmental Services segment showed impressive performance with 11% top-line growth and an Adjusted EBITDA margin exceeding 25%.
Q4 net income was $84.0 million ($1.55 per share), while full-year net income reached $402.3 million ($7.42 per share). The company achieved Q4 Adjusted EBITDA of $257.2 million and full-year Adjusted EBITDA of $1.12 billion.
For 2025, Clean Harbors provided guidance projecting Adjusted EBITDA between $1.15-1.21 billion and adjusted free cash flow of $430-490 million. The company successfully launched its new incinerator in Kimball, Nebraska, and delivered full-year net cash from operating activities of $777.8 million in 2024.
Clean Harbors (NYSE: CLH), North America's leading environmental and industrial services provider, has announced its participation in two upcoming investor conferences. The company will present at the Bank of America Securities 2025 Global Agriculture and Materials Conference in Fort Lauderdale, FL on Thursday, February 27 at 2:00 p.m. ET, and at the 46th Annual Raymond James Institutional Investor Conference in Orlando, FL on Tuesday, March 4 at 11:35 a.m. ET.
Both presentations will be accessible via live webcast through the 'Investor Relations' section of Clean Harbors' website at www.cleanharbors.com, where archived versions will also be available for later viewing.
Clean Harbors (NYSE: CLH), North America's leading environmental and industrial services provider, has scheduled its fourth-quarter and full-year 2024 financial results conference call for Wednesday, February 19, 2025, 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 conference call webcast through the Investor Relations section of Clean Harbors' website or by dialing 877.709.8155 or 201.689.8881. Participants are advised to dial in 10 minutes before the call starts.
Clean Harbors (NYSE: CLH), the leading provider of environmental and industrial services in North America, announced its participation in two upcoming investor conferences.
Senior management will present at the CJS Securities Annual New Ideas for the New Year on January 14, 2025 at 8:45 a.m. ET and at the 27th Annual Needham Growth Conference on January 15, 2025 at 11:45 a.m. ET.
Both events will be webcast live. To access the live or archived webcasts, visit the “Investor Relations” section on the Clean Harbors website at cleanharbors.com.
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.
FAQ
What is the current stock price of Clean Harbors (CLH)?
What is the market cap of Clean Harbors (CLH)?
What does Clean Harbors Inc. do?
What are the main business segments of Clean Harbors?
Who are Clean Harbors' customers?
What makes Clean Harbors unique in its industry?
How does Clean Harbors contribute to sustainability?
What industries does Clean Harbors serve?
How does Clean Harbors handle hazardous waste?
What is the Safety-Kleen Sustainability Solutions segment?
Does Clean Harbors offer emergency response services?
What role does Clean Harbors play in the environmental services industry?
