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Heritage-Crystal Clean, Inc. (HCCI) will release its financial results for Q1 2023, ending March 31, on May 9, 2023, post-market. A conference call is scheduled for May 10, 2023, at 9:00 AM CT, where management will discuss operations and financial performance. Investors can access the call via audio webcast on the company’s website or by calling (888) 440-4149 with passcode 8889427. Heritage-Crystal Clean specializes in parts cleaning, used oil re-refining, and waste disposal services, operating 105 locations that cater to over 104,000 customers. The company recycled approximately 66 million gallons of used oil and 4.5 million gallons of spent antifreeze in fiscal 2022, emphasizing its commitment to environmental sustainability.
Heritage-Crystal Clean, Inc. (HCCI) reported strong fourth quarter and full-year results for fiscal 2022. Net income reached a record $27.6 million, up 52.5% from $18.1 million in Q4 2021. Earnings per share soared to $1.17, marking a 51.9% increase from the previous year. Total revenue rose 42.2% to $241.1 million, with Environmental Services segment revenue increasing by 60% to $165.8 million. Despite operational challenges, operating margins remained competitive. For 2022, revenue was $709.3 million, a 37.6% increase compared to 2021. The company continues to implement price increases to offset inflationary pressures. Adjusted EBITDA reached $42.1 million in Q4, reflecting a 17.9% improvement.