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Heritage-Crystal Clean, Inc. (HCCI) is an industry leader specializing in parts cleaning, used oil re-refining, and hazardous and non-hazardous waste management services. Headquartered in Elgin, Illinois, the company caters to small and mid-sized businesses across the manufacturing and vehicle service sectors.
With a comprehensive suite of service programs, Heritage-Crystal Clean ensures efficient management of used chemicals and waste. Their offerings include parts cleaning, containerized waste management, used oil collection and re-refining, and vacuum truck services. These services help clients like car dealerships, automotive repair shops, trucking firms, and small manufacturers, including metal product fabricators and printers, in minimizing regulatory burdens while effectively handling waste.
Notably, the company’s used oil re-refining program transforms used oil into high-quality lubricating base oil, reinforcing its role as a crucial supplier to firms producing and marketing finished lubricants. Operating through 74 branches, Heritage-Crystal Clean has established a broad and robust network to deliver its services efficiently.
The company's focus on sustainable and compliant practices has led to significant achievements and strategic partnerships, enhancing its position in the market. Recent highlights include advancements in their recycling processes and expansion of service capabilities to meet growing industry demands.
As of the latest updates, Heritage-Crystal Clean continues to thrive with strong financial health and a clear vision for growth, positioning itself as a reliable partner for waste management solutions, dedicated to environmental stewardship and customer satisfaction.
- Core Services: Parts Cleaning, Waste Management, Oil Re-refining, Vacuum Truck Services
- Headquarters: Elgin, Illinois
- Operations: 74 Branches Nationwide
- Target Customers: Manufacturing and Vehicle Service Sectors
- Recent Achievements: Advances in Recycling Processes, Service Expansion
Heritage-Crystal Clean, Inc. (HCCI) will release its financial results for Q1 2023, ending March 31, on May 9, 2023, post-market. A conference call is scheduled for May 10, 2023, at 9:00 AM CT, where management will discuss operations and financial performance. Investors can access the call via audio webcast on the company’s website or by calling (888) 440-4149 with passcode 8889427. Heritage-Crystal Clean specializes in parts cleaning, used oil re-refining, and waste disposal services, operating 105 locations that cater to over 104,000 customers. The company recycled approximately 66 million gallons of used oil and 4.5 million gallons of spent antifreeze in fiscal 2022, emphasizing its commitment to environmental sustainability.
Heritage-Crystal Clean, Inc. (HCCI) reported strong fourth quarter and full-year results for fiscal 2022. Net income reached a record $27.6 million, up 52.5% from $18.1 million in Q4 2021. Earnings per share soared to $1.17, marking a 51.9% increase from the previous year. Total revenue rose 42.2% to $241.1 million, with Environmental Services segment revenue increasing by 60% to $165.8 million. Despite operational challenges, operating margins remained competitive. For 2022, revenue was $709.3 million, a 37.6% increase compared to 2021. The company continues to implement price increases to offset inflationary pressures. Adjusted EBITDA reached $42.1 million in Q4, reflecting a 17.9% improvement.
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