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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) has completed its acquisition of HydroChemPSC for
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.
Clean Harbors (NYSE: CLH) announced an agreement to acquire Vertex Energy's used motor oil collection and re-refinery assets for $140 million. This all-cash deal aims to close in Q3 2021, pending regulatory and shareholder approvals. The assets could generate over $100 million in annual revenues and $15 million in Adjusted EBITDA in the first year. The acquisition will expand Clean Harbors' re-refining network by adding two plants and enhance waste oil collection, particularly in the Midwest and Gulf Coast regions, thereby supporting its growth in the renewable lubricants market.
Clean Harbors (NYSE: CLH), a leader in environmental and industrial services in North America, will have CFO Michael L. Battles and SVP Jim Buckley at the Ninth Annual Stifel/Waste 360 Investor Summit. The session is scheduled for June 28 at 2:30 p.m. ET. Investors can access the live webcast through Clean Harbors' Investor Relations website. Founded in 1980 and based in Massachusetts, Clean Harbors offers services like hazardous waste management and emergency spill response to numerous industries and government agencies.
Clean Harbors, a leader in environmental and industrial services in North America, has announced its participation in two upcoming virtual investor conferences. The UBS Global Industrials and Transportation Virtual Conference is scheduled for June 8, 2021, at 1:00 p.m. ET, followed by the Stifel 2021 Virtual Cross Sector Insight Conference on June 9, 2021, at 10:00 a.m. ET. Interested investors can access live or archived webcasts through the company's Investor Relations page.
Clean Harbors (NYSE: CLH) reported Q1 2021 results with revenues down 6% to $808.1 million and net income rising to $21.7 million, or $0.39 per diluted share, compared to $11.6 million in Q1 2020. Adjusted EBITDA increased 3% to $129.5 million, reflecting a 130 basis-point improvement in margin. The newly formed Safety-Kleen Sustainability Solutions segment aims at promoting sustainable lubricant offerings, despite a decline in waste oil collection by 14%. The company anticipates stronger growth driven by an improving economy and enhanced market penetration strategies.
Clean Harbors (NYSE: CLH) will host its first-quarter 2021 financial results conference call on May 5, 2021, at 9:00 a.m. ET. The call will feature insights from Chairman and CEO Alan S. McKim and CFO Michael L. Battles regarding the company's financial performance, growth strategy, and business outlook. Interested parties can listen via the company's Investor Relations webpage or by dialing in. Clean Harbors is recognized as North America's leading provider of environmental and industrial services, catering to various industries and government agencies.
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