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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) has signed a definitive agreement to acquire Patriot Environmental Services, enhancing its service capabilities in the Western U.S. Patriot specializes in various waste services and operates 18 locations. The acquisition aims to strengthen HCCI's national wastewater treatment network and reduce logistics costs while boosting profitability. The deal is subject to regulatory clearance and is expected to close in Q3 2022. HCCI's President emphasized the strategic importance of this acquisition for expanding market reach and improving operational efficiencies.
Heritage-Crystal Clean, Inc. (HCCI) announced that CFO Mark DeVita will present at the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, at 8:35 am EDT. The presentation will be available for live webcast, accessible via a provided link or through the investor relations section of the company’s website. Heritage-Crystal Clean specializes in parts cleaning, used oil re-refining, and waste services primarily for small to mid-sized manufacturers and vehicle maintenance businesses, operating 91 branches serving around 98,000 customers.
Heritage-Crystal Clean, Inc. (HCCI) reported a strong first quarter for 2022, with net income rising to $12.9 million, a 39.9% increase from $9.2 million in Q1 2021. Basic earnings per share climbed to $0.55, marking a 41.0% growth. Revenue reached $139.4 million, up 32.2% year-over-year, driven by a record $54.7 million in the Oil Business segment and $84.7 million in Environmental Services. However, operating margin decreased to 23.4% due to rising costs amidst high inflation. EBITDA stood at $24.1 million, a 45.5% increase.
Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) is set to disclose its financial results for Q1 2022, concluding on March 26, 2022, after market closure on May 4, 2022. A conference call will be held on May 5, 2022, at 9:30 AM CT, where management will review the company’s operations and financial performance. Heritage-Crystal Clean offers essential services like parts cleaning and used oil re-refining to small and mid-sized manufacturers and vehicle maintenance sectors, aiming to alleviate regulatory burdens and manage waste efficiently.
Heritage-Crystal Clean, Inc. (HCCI) announced its investment in battery recycling partner Retriev through its subsidiary, Heritage-Crystal Clean, LLC. Retriev is a leader in integrated battery recycling, providing comprehensive services for lithium-ion and other battery chemistries. This collaboration aims to enhance collection and recycling efforts across the U.S. and Canada, meeting the growing demand in the battery supply chain. CEO Brian Recatto emphasized the investment's potential to support both current customers and future sustainability goals.
Heritage-Crystal Clean, Inc. (NASDAQ: HCCI) has partnered with Battelle to combat the environmental challenge posed by per- and polyfluoroalkyl substances (PFAS) in wastewater. Battelle's PFAS Annihilator™ utilizes supercritical water oxidation to effectively destroy PFAS, a significant advancement in wastewater treatment. Crystal Clean plans to implement this technology in its facilities and offer it to third-party sites. The partnership aligns with the EPA’s PFAS strategic roadmap, aiming to reduce harmful discharges from industrial sources.
Heritage-Crystal Clean's fourth quarter 2021 report highlights strong financial performance with a net income of $18.1 million, a significant increase from $5.3 million in Q4 2020. Basic earnings per share reached $0.77, up from $0.23. Total revenue rose 28.4% to $169.5 million, driven by record highs in both the Oil Business and Environmental Services segments. Operating margin improved to 26.6%, and EBITDA for the quarter was a record $33.1 million. For fiscal 2021, revenue reached $515.3 million, marking a 26.9% increase year-over-year.
Heritage-Crystal Clean, Inc. (HCCI) will announce its fourth quarter and full fiscal year financial results on March 2, 2022. The results cover the period ending January 1, 2022. A conference call for discussion of these results will take place on March 3, 2022, at 9:30 AM CT. Interested parties can access the call via audio webcast on the company’s website or by dialing in with a provided passcode. Heritage-Crystal Clean specializes in parts cleaning, used oil re-refining, and waste management services for small to mid-sized customers.
Heritage-Crystal Clean, Inc. (HCCI) announced that CFO Mark DeVita will present at the 24th Annual Needham Virtual Growth Conference on January 11, 2022, at 11:30 am EST. The presentation will be available via live webcast at this link or on the company's investor relations page. Heritage-Crystal Clean offers essential waste management and recycling services, catering primarily to small and mid-sized manufacturers, helping them manage hazardous and non-hazardous materials.
Heritage-Crystal Clean reported impressive third-quarter results for 2021, achieving a net income of $18.5 million, up from $4.0 million in Q3 2020. Earnings per share rose to $0.79 compared to $0.17 last year. The company’s total revenue reached $123.2 million, a 41.4% increase year-over-year, driven by record highs in both Environmental Services and Oil Business segments. Environmental Services revenue hit $72.3 million, while Oil Business revenue soared to $50.8 million, marking a 105.9% increase. This report signifies the company’s continuous recovery and growth post-COVID-19.
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