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. reports recurring developments for a North American environmental and industrial services company. Its updates focus on Environmental Services results, hazardous waste collection, transportation, treatment, recycling and disposal, industrial cleaning and maintenance, emergency spill response, and regulatory waste-treatment topics such as PFAS disposal standards.
Clean Harbors news also covers its Safety-Kleen operations, including used-oil collection, re-refining, base oil and lubricant activity, parts washers, and environmental services for commercial, industrial and automotive customers. Company announcements commonly address quarterly financial results, segment profitability, capital allocation, investor conference participation, share repurchase activity and material agreements.
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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.