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. (NYSE: CLH) is widely described in its public communications as North America’s leading provider of environmental and industrial services, and this news page aggregates company-specific updates for investors and observers. Founded in 1980 and based in Massachusetts, Clean Harbors serves a diverse customer base that includes a majority of Fortune 500 companies, along with numerous government agencies in industries such as chemical, manufacturing, refining and energy.
News about Clean Harbors often centers on its Environmental Services and Safety-Kleen operations. Coverage includes quarterly financial results, where the company reports on segment performance, Adjusted EBITDA, adjusted free cash flow and utilization of its disposal and recycling network. Press releases also describe demand trends in technical services, field services, industrial services and Safety-Kleen Sustainability Solutions, along with commentary from management on business conditions and project pipelines.
Another key news theme is Clean Harbors’ work with PFAS, or “forever chemicals.” The company issues updates on PFAS incineration studies at its RCRA-permitted hazardous waste incineration facilities, PFAS water filtration projects at locations such as Joint Base Pearl Harbor-Hickam, and the evolution of its Total PFAS Solution, which addresses analysis, water filtration, remediation and disposal. These announcements often involve collaboration with U.S. Environmental Protection Agency and Department of Defense representatives, as well as logistics and government partners.
Visitors to this CLH news page can review press releases on debt offerings and credit agreements, including senior notes issuances and term loan refinancings, as well as notices of participation in investor conferences and earnings calls. For anyone following environmental services, hazardous waste management, PFAS remediation or used oil re-refining, the Clean Harbors news stream provides detailed, company-sourced information on strategy, operations and capital structure over time.
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Clean Harbors, a leading provider of environmental and industrial services in North America, announced participation in two upcoming investor conferences. The events include the Oppenheimer 18th Annual Industrial Growth Conference on May 9, 2023, at 1:30 p.m. ET, and the Goldman Sachs Industrials and Materials Conference on May 10, 2023, at 11:35 a.m. ET. Investors can access live or archived webcasts of the presentations on the Clean Harbors website. Founded in 1980 and headquartered in Massachusetts, Clean Harbors serves a diverse range of clients, including many Fortune 500 companies, by offering services such as hazardous waste management and industrial cleaning. For further details, visit www.cleanharbors.com.
Trex Company, Inc. (NYSE:TREX), a leader in eco-friendly composite decking, announced the appointment of Melkeya McDuffie as an independent member of its Board of Directors. Effective immediately, McDuffie brings extensive experience in human resources from her current role as Chief Human Resources Officer at Clean Harbors (NYSE:CLH). Her background includes senior positions at Waste Management and The Wallace Foundation. CEO Bryan H. Fairbanks stated that McDuffie's expertise in corporate strategy and talent development aligns with Trex’s commitment to organizational growth. Following her appointment, the board consists of ten members, with eight being independent. Trex continues to be recognized as a top brand in sustainable decking solutions.
Clean Harbors, Inc. (NYSE: CLH) will host its first-quarter 2023 financial results conference call on May 3, 2023, at 9:00 a.m. ET. The call will include discussions led by Co-CEOs Michael L. Battles and Eric W. Gerstenberg, along with CFO Eric J. Dugas and SVP of Investor Relations Jim Buckley, covering the company’s financial results, business outlook, and growth strategy. Clean Harbors is recognized as North America’s leading provider of environmental and industrial services, serving a diverse clientele including many Fortune 500 companies. The company specializes in hazardous waste management, emergency spill response, industrial cleaning, and recycling. Investors can access the call via the company’s website or by phone. For further details, visit www.cleanharbors.com.
Clean Harbors (NYSE: CLH) has unveiled its long-term growth strategy, "Vision 2027", during the 2023 Investor Day in Chicago. This strategy aims to enhance stakeholder value through disciplined capital allocation and targeted growth in core areas. The five-year financial targets include achieving ~$1.4 billion in Adjusted EBITDA from organic growth alone and ~$2.0 billion when combining organic growth with acquisitions. The company anticipates strong revenue growth, exceeding U.S. GDP by 100-300 basis points, aided by industry trends such as reshoring and sustainability. Clean Harbors continues to prioritize value creation and market stability.
Clean Harbors (NYSE: CLH) announced the appointment of Karyn Polito to its Board of Directors, effective immediately. Polito, former Lieutenant Governor of Massachusetts, is expected to enhance the Board's expertise in government, regulatory, and public affairs. Additionally, Edward Galante will become the Lead Independent Director, succeeding Dr. Eugene Banucci and Thomas Shields, who will retire and not seek re-election at the upcoming 2023 Annual Meeting in May. The Board now consists of 13 members, 12 being independent, with Polito serving on both the Audit and Governance Committees.
Clean Harbors (NYSE: CLH) has announced major executive appointments to enhance its leadership team. Eric Dugas has been named EVP and Chief Financial Officer, effective March 31, 2023, succeeding Michael Battles, who will become co-CEO. Dugas brings extensive experience from his tenure as Chief Accounting Officer and a background from Deloitte & Touche. Additionally, Brian Weber has been appointed President of Safety-Kleen Sustainability Solutions, aiming to expand this growing segment. Both executives are expected to drive business growth and shareholder value.
Clean Harbors reported Q4 2022 revenues of $1.28 billion, a 14% increase from Q4 2021, driven by strong demand in its Environmental Services segment. Net income rose to $82.5 million or $1.52 per share. The company achieved Adjusted EBITDA of $224.2 million, up 29% year-over-year, with full-year revenues of $5.17 billion and net income of $411.7 million. For 2023, Clean Harbors expects Adjusted EBITDA in the range of $1,010 million to $1,050 million and adjusted free cash flow between $305 million and $345 million. Overall, 2022 was marked by significant growth and improved profitability.
Clean Harbors (NYSE: CLH) has announced a presentation at the Raymond James 44th Annual Institutional Investors Conference. Scheduled for 1:05 p.m. ET on March 6, 2023, the presentation will feature CFO Michael L. Battles, Chief Accounting Officer Eric Dugas, and SVP Investor Relations Jim Buckley. Interested parties can access the live or archived webcast through the Investor Relations section of the Clean Harbors website. The company is recognized as North America’s leading provider of environmental and industrial services, catering to numerous industries and government agencies.