Heritage-Crystal Clean, Inc - HCCI STOCK NEWS

Heritage-Crystal Clean Inc. (HCCI) announces a partnership with Allonnia, Revive Environmental, and EPOC Enviro to launch 4never™, a groundbreaking closed-loop solution addressing PFAS contamination in landfill and industrial waste. The product combines Surface Active Foam Fractionation (SAFF®) technology and PFAS Annihilator™ for efficient remediation. With increasing concerns about these 'forever chemicals', the 4never™ solution promises safe destruction of PFAS without harmful byproducts. Crystal Clean will operate the technology at its facilities nationwide, enhancing sustainability for clients while addressing regulatory challenges.

Heritage-Crystal Clean, Inc. (HCCI) announced that CFO Mark DeVita will present at the 25th Annual Needham Growth Conference on January 11, 2023, at 12:45 PM EST. The presentation will be available via live webcast, accessible at https://wsw.com/webcast/needham128/hcci/2212811 and the company's investor relations page. Heritage-Crystal Clean provides essential services such as parts cleaning and waste disposal, serving over 103,000 customers through its 105 locations. The company has made significant strides in recycling used oil and antifreeze.

Heritage-Crystal Clean, Inc. (HCCI) reported robust third quarter results with a record net income of $23.2 million, up 25.4% year-over-year. Earnings per share reached $0.98, a 24.1% increase, while total revenue soared to $172.2 million, representing a 39.8% growth. The Environmental Services segment revenue rose 47.5% to $106.7 million, highlighting strong demand and acquisitions. EBITDA hit a record $41.3 million, up 34.9%. Operating margins improved incrementally despite inflationary pressures, particularly in transportation costs.

Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) will announce its third quarter financial results for the period ending September 10, 2022, after market close on October 19, 2022. The company will conduct a conference call on October 20, 2022, at 9:30 AM Central Time, to review its operations and financial results.

Investors can listen to the call via an audio webcast on the company’s website or by dialing (888) 440-4149 with the passcode 8889427.

Solace Capital Partners announces the sale of Patriot Environmental Services, Inc. to Heritage-Crystal Clean, Inc. (HCCI) for $156 million. This successful exit reflects Solace's collaborative approach and growth strategies, boosting Patriot's revenue and EBITDA nearly threefold since 2015. Under Solace's ownership, Patriot expanded its operations across West Coast states, including California and Nevada, and opened eight new offices. The company now operates eighteen locations, highlighting its position in environmental services.

Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) has completed the acquisition of Patriot Environmental Services, Inc., enhancing its capabilities in the environmental services sector across the Western U.S. This acquisition adds 18 locations and over 380 employees to HCCI, expanding its service portfolio, including emergency responses and industrial services. The President and CEO, Brian Recatto, emphasized the strategic fit and growth potential for both organizations. This move aims to strengthen HCCI's position in the market and improve operational efficiencies.

Heritage-Crystal Clean, Inc. (NASDAQ: HCCI) has appointed Mary Pat Thompson to its Board of Directors, enhancing its leadership team amidst growth initiatives. With over 30 years of experience in accounting and advisory roles, Thompson is expected to contribute significantly to the company's growth and ESG strategy. She will also join the audit committee, bringing a wealth of experience from her previous roles, including CFO at Taronis Fuels. President & CEO Brian Recatto expressed excitement about her diverse insights aiding the company as it aims to fulfill its potential in environmental services.

Heritage-Crystal Clean, Inc. (HCCI) announced strong second quarter results, reporting a record net income of $21.1 million, up 39.7% year-over-year. Basic earnings per share reached $0.90, a 38.5% increase from $0.65 in Q2 2021. Total revenue for the quarter was $156.6 million, reflecting a 33.6% rise from $117.3 million in the same period last year. The Oil Business segment achieved record revenue of $64.8 million and a profit margin of 41.4%, while Environmental Services also set records. Overall EBITDA increased by 37.0% to $35.9 million.

Heritage-Crystal Clean, Inc. (HCCI) will announce its Q2 2022 financial results after market close on July 27, 2022. A corresponding conference call is scheduled for July 28, 2022, at 9:30 AM CT, where management will present the company's operations and results.

HCCI specializes in parts cleaning, used oil re-refining, and waste services for small to mid-sized manufacturers and vehicle maintenance businesses, operating through 91 branches and serving approximately 103,000 customers.