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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. (NASDAQ:HCCI) will announce its financial results for Q3 2021 on October 20, 2021, post-market close. The results cover the period ending September 11, 2021. Management will discuss these results during a conference call on October 21, 2021, at 9:30 AM Central Time. Interested parties can join the call by dialing (833) 772-0398 and using passcode 9825638, or by accessing the audio webcast on the company’s website.
Heritage-Crystal Clean (HCCI) reported a robust second quarter for 2021, with revenue of $117.3 million, up 47.4% from $79.5 million year-over-year. The operating margin surged to 17.6%, aided by strong performance in its Oil Business segment, which achieved a record revenue of $44.6 million, reflecting a 126.0% increase from the previous year. Net income reached $15.1 million, a significant turnaround from a net loss of $2.7 million in Q2 2020. Basic earnings per share improved to $0.65 from a loss of $0.11.
Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) is set to announce its financial results for Q2 2021, concluding on June 19, 2021, post-market close on July 28, 2021. A conference call will occur the following day at 9:30 AM CT, where management will discuss operations and financial results. Interested parties can join via webcast on the company's website or by calling (833) 772-0398, using passcode 6091366.
Heritage-Crystal Clean, Inc. (Nasdaq:HCCI) will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 8, 2021, with CEO Brian Recatto and CFO Mark DeVita speaking at 8:40 am EDT. The presentation will be available via a live webcast at this link or through the investor relations section of their website. Heritage-Crystal Clean offers various services, including parts cleaning and waste management, primarily serving small and mid-sized customers in the vehicle maintenance and manufacturing sectors.
Heritage-Crystal Clean (Nasdaq: HCCI) reported a 1.8% decline in Q1 2021 revenues, totaling $105.4 million compared to $107.3 million in Q1 2020. Net income rose to $9.2 million or $0.39 per share, up from $5.3 million or $0.23 per share a year earlier. The company achieved an operating margin increase to 24.8% due to strong oil business performance. Environmental Services revenue declined 10.3% to $69.5 million, impacted by previous large projects and COVID-19 effects. The Oil Business segment reached a record of $35.9 million in revenue.
Heritage-Crystal Clean, Inc. (HCCI) will announce its financial results for Q1 2021 on May 4, 2021, after market close. A conference call is scheduled for May 5, 2021, at 9:30 AM CT, where management will discuss the company's financial performance and operations. The call can be accessed via audio webcast on the company's website or by dialing (833) 772-0398 with the passcode 4669677.
Heritage-Crystal Clean provides cleaning, waste management, and recycling services primarily for small to mid-sized customers in the vehicle maintenance and industrial sectors.
Heritage-Crystal Clean (HCCI) reported a 4.9% revenue decline to $132.0 million for Q4 2020, compared to $138.8 million in Q4 2019, driven by COVID-19 impacts. Operating margin improved to 19.8% from 18.6% year-over-year. Full-year revenue fell 8.7% to $406.0 million, with a net income of $11.9 million or $0.51 per diluted share, up from $8.4 million in 2019. The firm noted improved performance since mid-Q2 2020 despite ongoing pandemic challenges.
Heritage-Crystal Clean, Inc. (HCCI) will release its fourth-quarter and full-year financial results for the period ending January 2, 2021, on March 1, 2021, after market close. A conference call for stakeholders is scheduled for March 2, 2021, at 9:30 AM Central Time, where management will discuss the company's operations and financial performance. HCCI provides parts cleaning, used oil re-refining, and waste services primarily to small and mid-sized businesses in various sectors, helping them manage used chemicals and waste effectively.
Heritage-Crystal Clean, Inc. (NASDAQ: HCCI) has announced the addition of Tony Chase to its Board of Directors. Chase is noted for his entrepreneurial success in Houston and is the CEO of ChaseSource, L.P. He brings significant experience, having built various enterprises. His appointment aligns with the company’s goal of enhancing its leadership diversity. Chase foresees growth opportunities for Heritage-Crystal Clean in the environmental services sector. The company operates over 85 branches, servicing approximately 91,000 locations across the USA and Canada.
Heritage Group launched Heritage Battery Recycling (HBR) in late 2020 to address the rising need for sustainable lithium-ion battery solutions. In partnership with Romeo Power (NYSE: RMO), HBR will establish a recycling facility in the southwestern US. This initiative aims to provide safe end-of-life battery management for commercial vehicle manufacturers. Collaboration with Heritage-Crystal Clean (NASDAQ: HCCI) enhances HBR's logistics capabilities, giving access to over 100,000 customer locations. Shane Thompson has been appointed as HBR's President, highlighting the company's commitment to the recycling industry.
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