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Clean Harbors, Inc - CLH STOCK NEWS

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. (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.

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Clean Harbors, Inc. (NYSE: CLH) will host a conference call on August 3, 2022, at 9:00 a.m. ET to discuss its second-quarter financial results. Key executives, including Chairman Alan S. McKim and CFO Michael L. Battles, will provide insights into the company's financial performance, business outlook, and growth strategies. Investors can access the call via the company's website or by phone. Clean Harbors is a leader in environmental and industrial services across North America.

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Clean Harbors (NYSE: CLH) announces participation in two upcoming investor conferences: the UBS Global Industrials and Transportation Conference on June 7, 2022, at 11:20 a.m. ET and the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 11:30 a.m. ET. Investors can access live or archived webcasts via the Investor Relations section on their website. Clean Harbors is a leading provider of environmental and industrial services across North America, serving various industries such as chemical and energy, with a focus on hazardous waste management and recycling services.

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Clean Harbors reported Q1 revenues of $1.17 billion, a 45% increase from the previous year, driven by strong demand for environmental services and industrial services. The company achieved a net income of $45.3 million (EPS of $0.83) and a 39% growth in Adjusted EBITDA to $180.3 million. Safety measures improved with a Total Recordable Incident Rate (TRIR) of 0.97. Clean Harbors raised its 2022 Adjusted EBITDA guidance to between $800 million and $830 million, anticipating continued demand and profitability growth.

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Clean Harbors, Inc. (NYSE: CLH) announced participation in a fireside chat at the Stifel 2022 Investor Summit during WasteExpo in Las Vegas on May 9, 2022, at 3:30 p.m. PT (6:30 p.m. ET). Key executives, including CFO Michael L. Battles, EVP Craig Linington, and SVP Jim Buckley, will engage in discussions. The event will be available via live webcast on the company’s website. Clean Harbors is a leader in environmental and industrial services, serving a broad array of industries across North America.

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Clean Harbors, Inc. (NYSE: CLH) will hold its first-quarter 2022 financial results conference call on May 4, 2022, at 9:00 a.m. ET. Key executives, including Chairman Alan S. McKim and CFO Michael L. Battles, will discuss financial results, business outlook, and growth strategy. Interested participants can join via the Company’s website or by phone. Clean Harbors is North America’s leading provider of environmental and industrial services, serving numerous industries and government agencies with various services such as hazardous waste management and emergency spill response.

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Clean Harbors (NYSE: CLH), a leader in environmental and industrial services in North America, announced that CFO Michael L. Battles and SVP Investor Relations Jim Buckley will present at the Raymond James 43rd Annual Institutional Investors Conference.

The presentation is scheduled for 11:00 a.m. ET on March 9, 2022, and will be available via live webcast on Clean Harbors' investor relations website. The company provides a range of services, including hazardous waste management and recycling, and serves various industries, including chemical, energy, and manufacturing.

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Clean Harbors reported Q4 revenues of $1.12 billion, a 41% increase from the previous year, driven by robust demand and the recent acquisition of HydroChemPSC. Q4 net income rose to $49.0 million, or $0.90 per diluted share, compared to $39.3 million the prior year. Full-year revenues reached $3.81 billion, with net income totaling $203.2 million. The company anticipates 2022 Adjusted EBITDA between $765 million and $795 million, reflecting ongoing growth momentum.

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Clean Harbors, Inc. (NYSE: CLH) will host its fourth-quarter and full-year 2021 financial results conference call on February 23, 2022, at 9:00 a.m. ET. During the call, key executives, including Chairman Alan S. McKim and CFO Michael L. Battles, will discuss the company's financial results, business outlook, and growth strategy. Clean Harbors is a leading provider of environmental and industrial services in North America, catering to various industries such as chemical and energy.

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Clean Harbors (NYSE: CLH) has mutually agreed with Vertex Energy to terminate its planned acquisition of Vertex's used motor oil collection and re-refinery assets, initially valued at $140 million. The termination, requested by the FTC for additional information, allows Clean Harbors to reallocate its capital effectively towards its Safety-Kleen Sustainability Solutions segment. Vertex will pay Clean Harbors a breakup fee of $3 million due to the early termination of the acquisition agreement.

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FAQ

What is the current stock price of Clean Harbors (CLH)?

The current stock price of Clean Harbors (CLH) is $247.47 as of November 20, 2024.

What is the market cap of Clean Harbors (CLH)?

The market cap of Clean Harbors (CLH) is approximately 13.2B.

What services does Clean Harbors, Inc. provide?

Clean Harbors provides hazardous waste disposal, environmental cleanup, industrial and specialty services including high-pressure cleaning, catalyst handling, and more.

Who are Clean Harbors' customers?

Clean Harbors serves a wide range of customers, including Fortune 500 companies, smaller private entities, and various governmental agencies.

What are the main business segments of Clean Harbors?

The main business segments are Environmental Services and Safety-Kleen Sustainability Solutions.

How does Clean Harbors generate most of its revenue?

The majority of Clean Harbors' revenue comes from its Environmental Services segment, which includes hazardous waste disposal and related services.

What recent acquisition has Clean Harbors made?

Clean Harbors recently acquired HEPACO, LLC, a leading provider of emergency response and scheduled environmental services, for $400 million.

What is the significance of HEPACO’s acquisition by Clean Harbors?

The acquisition expands Clean Harbors’ geographical reach and service offerings, enhancing its capability in environmental and emergency services.

How many employees does Clean Harbors have?

As of the latest updates, Clean Harbors employs approximately 1,000 people across various service centers.

Where does HEPACO operate?

HEPACO operates from over 40 service centers throughout the Eastern United States.

What is the focus of Clean Harbors’ industrial services?

Clean Harbors focuses on providing industrial services like high-pressure and chemical cleaning, catalyst handling, decoking, material processing, and industrial lodging services.

What is Clean Harbors’ role in environmental sustainability?

Clean Harbors is committed to environmental sustainability by providing comprehensive waste management solutions and maintaining safety standards in their operations.

Clean Harbors, Inc

NYSE:CLH

CLH Rankings

CLH Stock Data

13.24B
50.71M
5.93%
92.42%
0.97%
Waste Management
Hazardous Waste Management
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United States of America
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