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.
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.
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.
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.
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
Clean Harbors (NYSE: CLH) will have CFO Michael L. Battles and SVP Jim Buckley present at two upcoming virtual investor conferences in January 2022. The 24th Annual Needham Virtual Growth Conference is scheduled for
Clean Harbors (NYSE: CLH), a leader in environmental and industrial services in North America, announced that its executive team, including CFO Michael L. Battles, CAO Eric J. Dugas, and SVP Investor Relations Jim Buckley, will present at the BofA Securities Leveraged Finance Conference on November 30, 2021, at 3:00 p.m. ET. The presentation will be available via a live webcast on the Investor Relations section of Clean Harbors' website.
Clean Harbors reported a 22% revenue increase in Q3 2021, reaching $951.5 million with a net income of $65.4 million (EPS of $1.20). Adjusted EPS was $1.14, up from $0.90 in Q3 2020. Adjusted EBITDA also rose by 10% to $185.1 million, maintaining a margin of 19.5%. The company raised its full-year Adjusted EBITDA guidance to $655 million to $675 million, including contributions from the recent acquisition of HydroChemPSC. Clean Harbors continues to navigate challenges like cost inflation and supply chain disruptions while leveraging strong demand in its service offerings.
Clean Harbors, Inc. (NYSE: CLH) will host its third-quarter 2021 financial results conference call on November 3, 2021, at 9:00 a.m. ET. Key executives, including CEO Alan S. McKim and CFO Michael L. Battles, will discuss the company's financial results, outlook, and growth strategy. Investors can access the call via the company's website or by dialing 877.709.8155. Clean Harbors is a leading provider of environmental and industrial services in North America, serving many Fortune 500 companies across various sectors.
Littlejohn & Co. LLC has successfully sold HydroChemPSC to Clean Harbors, Inc. for $1.25 billion in cash. This acquisition strengthens Clean Harbors' position as a leader in industrial cleaning and maintenance services, with over 240 service locations across the U.S. Since 2014, Littlejohn has facilitated operational enhancements and growth through strategic investments, including four key acquisitions. The sale demonstrates Littlejohn's capability in building value within its portfolio companies, marking a significant milestone for both firms.
Clean Harbors (NYSE: CLH) has completed its acquisition of HydroChemPSC for
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?
