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.
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.
Clean Harbors (NYSE: CLH) reported strong fourth-quarter results for 2020, with revenues of $796.2 million, up nearly $17 million sequentially. Despite a year-over-year decline from $871 million in Q4 2019, net income rose to $39.3 million, or $0.71 per share. Adjusted EBITDA increased to $136.1 million, buoyed by heightened COVID-19 decontamination work valued at $31 million. Full-year revenues fell to $3.14 billion from $3.41 billion in 2019. The company anticipates an Adjusted EBITDA of $545 to $585 million for 2021, as it capitalizes on market recovery and sustainability initiatives.
Clean Harbors, a leading provider of environmental and industrial services in North America, announced its participation in two virtual investor conferences. The Raymond James 42nd Annual Institutional Investors Conference will host a fireside chat on March 2, 2021, at 3:00 p.m. ET. Subsequently, the BofA Securities 2021 Global Agriculture & Materials Conference will feature a panel discussion on March 4, 2021, at 11:00 a.m. ET. Investors can access the live or archived webcasts via the Clean Harbors Investor Relations website.
Clean Harbors (NYSE: CLH) will announce its fourth-quarter and full-year 2020 financial results during a conference call on February 24, 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 performance, future outlook, and growth strategy. Clean Harbors stands as North America's leading provider of environmental and industrial services, catering to numerous industries and government agencies. The company emphasizes hazardous waste management, emergency response, and recycling services.
Clean Harbors (NYSE: CLH) has announced that CFO Michael L. Battles and SVP Investor Relations Jim Buckley will present at two virtual investor conferences in January 2021. The conferences are: Needham & Co. 23rd Annual Virtual Growth Conference on January 11, 2021, at 9:15 a.m. ET, and CJS Securities 21st Annual New Ideas for the New Year Conference on January 13, 2021, at 8:45 a.m. ET. Interested parties can access live or archived webcasts through the Investor Relations section of Clean Harbors’ website.
FAQ
What is the current stock price of Clean Harbors (CLH)?
What is the market cap of Clean Harbors (CLH)?
What services does Clean Harbors, Inc. provide?
Who are Clean Harbors' customers?
What are the main business segments of Clean Harbors?
How does Clean Harbors generate most of its revenue?
What recent acquisition has Clean Harbors made?
What is the significance of HEPACO’s acquisition by Clean Harbors?
How many employees does Clean Harbors have?
Where does HEPACO operate?
What is the focus of Clean Harbors’ industrial services?
What is Clean Harbors’ role in environmental sustainability?
