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.
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.
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.