Heritage-Crystal Clean, Inc. (HCCI) reported a 16.9% revenue decline in Q3 2020, totaling $87.1 million, compared to $104.8 million in Q3 2019. The operating margin also fell to 17.8% from 20.5% year-over-year due to reduced economic activity from the COVID-19 pandemic. Net income dropped to $4.0 million, with diluted EPS at $0.17, down from $0.25. Despite challenges, the company noted a 25.2% quarter-over-quarter revenue increase in its Oil Business, reflecting improved economic conditions.
Heritage-Crystal Clean, Inc. (Nasdaq: HCCI) is set to release its financial results for Q3 2020 on October 14, 2020, after market close. A conference call will take place on October 15, 2020, at 9:30 AM CT, where management will discuss operations and financial outcomes. The company's service offerings include parts cleaning, used oil re-refining, and waste management, primarily catering to small and mid-sized clients in vehicle maintenance and manufacturing sectors. Interested stakeholders can access the call and webcast via the company’s website.
Heritage-Crystal Clean (Nasdaq: HCCI) has announced that CFO Mark DeVita will present at the Stifel 2020 Virtual Cross Sector Insight Conference on June 9, 2020, at 10:40 AM EST. The presentation will be available via a live webcast, accessible through the company’s website or the provided link. Heritage-Crystal Clean specializes in parts cleaning, used oil re-refining, and waste management services, targeting small to mid-sized clients in various sectors, including vehicle maintenance and manufacturing.