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 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.
Clean Harbors (NYSE: CLH) announces participation in the 21st Annual D.A. Davidson Diversified Industrials and Services Conference. CFO Michael L. Battles and SVP of Investor Relations Jim Buckley will engage in a fireside chat on September 22, 2022, at 5:15 p.m. ET. Investors can access the live or archived webcast through Clean Harbors’ Investor Relations website. Clean Harbors provides comprehensive environmental and industrial services across North America, serving a wide array of industries, including energy and manufacturing.
Clean Harbors (NYSE: CLH) announced the addition of executives Alison Quirk and Shelley Stewart Jr. to its board of directors, expanding the board to 12 members, 11 of whom are independent. Quirk, formerly with State Street, brings expertise in HR, corporate strategy, and diversity initiatives, while Stewart, with a background at DuPont and Tyco, enhances the board’s operational efficiency and supply chain expertise. Both executives will serve crucial roles on board committees and will help Clean Harbors in executing its growth strategy.
Barr GeoSpatial Solutions, LLC has been formed through the acquisition of Airborne Imaging business from subsidiaries of Clean Harbors (NYSE: CLH). The acquisition enhances Barr's capabilities in providing comprehensive asset protection solutions, including advanced LiDAR sensors and methane leak detection. The combined entity boasts the largest independent LiDAR acquisition platform in North America, with eleven LiDAR sensors, and serves diverse markets like oil and gas, forestry, and government. Edward A. Feuerstein has been appointed CEO, with Airborne Imaging continuing as a standalone subsidiary.
Clean Harbors (NYSE: CLH) announced key executives, including CFO Michael L. Battles and COO Eric Gerstenberg, will participate in a fireside chat at the Raymond James Diversified Industrials Conference on August 23, 2022, at 1:10 p.m. ET. The event will be webcast live, accessible via the Investor Relations section of Clean Harbors’ website. As North America's leading environmental services provider, Clean Harbors supports a diverse clientele across various sectors.
Clean Harbors reports Q2 2022 revenues of $1.36 billion, a 46% increase year-over-year, and net income of $148.2 million or $2.71 per diluted share. Adjusted EBITDA rose 65% to $309.1 million. Growth is attributed to robust demand, effective pricing, and the acquisition of HydroChemPSC. The company raised its 2022 Adjusted EBITDA guidance to $975 million to $1.005 billion. Clean Harbors anticipates continued demand in the second half of 2022, supported by U.S. manufacturing and infrastructure spending.
Clean Harbors, Inc. (NYSE: CLH) will host a conference call on August 3, 2022, at 9:00 a.m. ET to discuss its second-quarter financial results. Key executives, including Chairman Alan S. McKim and CFO Michael L. Battles, will provide insights into the company's financial performance, business outlook, and growth strategies. Investors can access the call via the company's website or by phone. Clean Harbors is a leader in environmental and industrial services across North America.
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