Clean Harbors, Inc - CLH STOCK NEWS

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 $1.25 billion in cash. This strategic move aims to enhance Clean Harbors' industrial services capabilities, projected to yield $40 million in annual cost synergies within the first year. HydroChemPSC, generating approximately $744 million in revenue and $115 million in Adjusted EBITDA for 2021, has over 5,000 employees across 240 locations. The acquisition is anticipated to drive cross-selling opportunities and improve operational efficiency.

The Board of Directors of Clean Harbors (NYSE: CLH) has appointed Marcy Reed, a former National Grid executive, as an independent director, increasing the board size from nine to ten members. With over 30 years of experience, Reed brings expertise in finance, corporate strategy, and sustainability. She will serve on the Audit and Environmental, Health and Safety Committees. Reed's appointment is part of Clean Harbors' strategy to enhance leadership and governance, aligning with its growth objectives and commitment to addressing climate-related challenges.

Clean Harbors (NYSE: CLH) reported strong Q2 2021 results, with revenues soaring 30% to $926.5 million and net income reaching $67.1 million ($1.22 per share). The income from operations increased by 83%, driven by high-value waste streams and strong performance in the Safety-Kleen Sustainability Solutions segment. Adjusted EBITDA rose 36% to $187.8 million, marking the highest second-quarter figures in the company's history. Clean Harbors also plans to expand its incineration capacity with a new facility in Nebraska and has raised its 2021 financial guidance, expecting Adjusted EBITDA between $620 million to $650 million.

Clean Harbors (NYSE: CLH) has finalized a $1.25 billion all-cash deal to acquire HydroChemPSC, enhancing its industrial cleaning and maintenance services. This acquisition is expected to generate around $744 million in revenue and $115 million in Adjusted EBITDA for HPC in 2021. Clean Harbors anticipates achieving $40 million in cost synergies post-acquisition. The deal, subject to regulatory approval, will leverage HPC's technology and customer base, fostering strong operational synergies and expanding Clean Harbors’ service offerings across key markets.

Clean Harbors (NYSE: CLH) will host its Q2 2021 financial results conference call on August 4, 2021, at 9:00 a.m. ET. During the call, key executives, including CEO Alan S. McKim, will discuss the company's financial performance and growth strategy. Clean Harbors has established itself as North America's leading provider of environmental and industrial services, catering to a wide array of sectors, including energy and manufacturing. The company is well-equipped to handle hazardous waste management, emergency spill responses, and recycling services.