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.
Clean Harbors (NYSE: CLH), a leader in environmental and industrial services in North America, will host an Investor Day on March 29, 2023, in Chicago. The event, starting at 8:00 a.m. CT, will include presentations from key executives like Alan S. McKim and Michael L. Battles discussing company strategies and growth initiatives. Attendees will have the opportunity to tour the world’s largest base oil re-refinery in East Chicago, Indiana. A live webcast will be available, and registrations can be made via the company's website.
Clean Harbors, Inc. (NYSE: CLH) will announce its fourth-quarter and full-year 2022 financial results on March 1, 2023, at 9:00 a.m. ET. The conference call will feature key executives discussing financial outcomes and growth strategies. Clean Harbors, a top provider of environmental and industrial services in North America, serves many Fortune 500 companies across various sectors, including chemical and energy. The company also emphasizes its role in hazardous waste management and recycling through its Safety-Kleen subsidiary. Interested parties can access the call via the company's website or by phone.
Clean Harbors (NYSE: CLH) has announced a private offering of $500 million in senior notes due 2031, priced at an interest rate of 6.375%. The offering is set to close on January 24, 2023, contingent on customary conditions. The funds will be used to repay $614 million in senior secured term loans due in 2024, alongside a $114 million loan from its existing revolving credit facility. The notes will be offered under Rule 144A and Regulation S, not registered under the Securities Act.
Clean Harbors, Inc. (NYSE: CLH) has announced a private offering of $500 million in senior notes expected to mature in 2031. The net proceeds will be used to repay $614 million in senior secured term loans due in 2024, along with related fees and expenses. The offering is designed for qualified institutional buyers and will not be registered under the Securities Act, ensuring compliance with regulatory standards. Founded in 1980, Clean Harbors is a leading provider of environmental and industrial services across North America, serving a diverse customer base including Fortune 500 companies.
Clean Harbors (NYSE: CLH), a leader in environmental and industrial services in North America, has announced its participation in two upcoming investor conferences in January 2023. CFO Michael L. Battles and SVP Investor Relations Jim Buckley will present at the 25th Annual Needham Growth Conference on January 10 at 12:45 p.m. ET, and at the CJS 23rd Annual Virtual New Ideas Conference on January 11 at 1:35 p.m. ET. Interested investors can access live or archived webcasts on the company's Investor Relations website.
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Clean Harbors (NYSE: CLH) announced successful results from a third-party study demonstrating over 99.9999% PFAS destruction via high-temperature combustion at its RCRA-permitted facility in Utah. This study, validated by environmental scientist Philip H. Taylor, confirms the facility's capability to safely eliminate harmful PFAS compounds, addressing a significant environmental and public health challenge. The results suggest that Clean Harbors' thermal destruction units can effectively handle legacy and replacement PFAS, meeting stringent safety standards for emissions.
Clean Harbors has appointed Eric W. Gerstenberg and Michael L. Battles as co-CEOs, effective March 31, 2023, succeeding founder Alan S. McKim, who becomes Executive Chairman and CTO. This leadership transition comes after a comprehensive selection process, aiming to maintain stability for stakeholders. Gerstenberg, with over 30 years at Clean Harbors, and Battles, who joined in 2013, bring extensive experience to their new roles. The company emphasizes its strategic growth and commitment to environmental services, building on a legacy that has transformed the industry since 1980.
Clean Harbors (NYSE: CLH) reported a Q3 revenue growth of 43% to $1.36 billion, attributed to robust demand and the acquisition of HydroChemPSC. The net income reached $135.8 million with an EPS of $2.50, and adjusted EPS was $2.43. Adjusted EBITDA surged 67% to $308.6 million, with margin improvements reflecting stronger operational efficiencies. The company updated its 2022 guidance, projecting adjusted EBITDA between $1.010 billion and $1.030 billion, while adjusted free cash flow is expected between $260 million and $290 million.
Clean Harbors, Inc. (NYSE: CLH) will host its third-quarter 2022 financial results conference call on November 2, 2022, at 9:00 a.m. ET. The call will feature key executives discussing financial performance, business outlook, and growth strategy. Investors can listen via the Company’s website or by dialing in. Clean Harbors is North America’s leading environmental and industrial services provider, serving Fortune 500 companies across various sectors, including hazardous waste management and recycling.