CLH

Clean Harbors Launches “Total PFAS Solution” Addressing Customers’ Forever Chemicals Needs

Retrieved on: 
Thursday, April 4, 2024
Chemicals, Plastics, Environment, Manufacturing, Environmental Issues, Green Technology, Environmental Health, AFFF, Health, CLH, Certification, Growth, PFAS, PFOS, Transport, PFOA, Groundwater, Birth, Human, Clean Harbors, EPA, Agency, Water, Perfluorohexanesulfonic acid, Airport, Soil, Family, Animal, Drinking water, Total, Cosmetics

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today introduced its “Total PFAS Solution” to address all the needs of customers related to PFAS (per- and poly-fluorinated alkyl substances), which are commonly referred to as forever chemicals.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today introduced its “Total PFAS Solution” to address all the needs of customers related to PFAS (per- and poly-fluorinated alkyl substances), which are commonly referred to as forever chemicals.
  • Clean Harbors’ Total PFAS Solution is the industry’s first and only one-stop-shop consisting of eight core elements and providing customers with a range of services from analysis to remediation to disposal.
  • Our Total PFAS Solution provides us an additional avenue to leverage our world-class remediation, transportation and disposal capabilities while contributing to a safer and cleaner environment for all.
  • “Not only can we help them safely eliminate the most dangerous members of the PFAS family, but with today’s launch of our Total PFAS Solution, we can address all of their PFAS needs.”

Clean Harbors Completes Acquisition of HEPACO

Retrieved on: 
Monday, March 25, 2024
Environment, Recycling, Chemicals, Plastics, Rail, Environmental Health, Maritime, Transport, Manufacturing, CLH, Growth, Acquisition, Clean Harbors, Adjustment, Ecosystem

Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH) today announced the completion of its acquisition of HEPACO, a leading environmental provider of field and emergency response services in the Eastern United States.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors” or the “Company”) (NYSE: CLH) today announced the completion of its acquisition of HEPACO, a leading environmental provider of field and emergency response services in the Eastern United States.
  • Clean Harbors purchased HEPACO from Gryphon Investors for $400 million in cash.
  • Clean Harbors expects the acquisition to generate cost synergies of approximately $20 million after the first full year of operations, which equates to a post-synergy acquisition multiple of 7.1 times.
  • Based on the completion date of the transaction, Clean Harbors currently expects that HEPACO will add approximately $30 million of Adjusted EBITDA in 2024.

Clean Harbors Announces Fourth-Quarter and Full-Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
Environment, Natural Disasters, Chemicals, Plastics, Environmental Health, Oil, Gas, Manufacturing, Sustainability, Energy, Recycling, Acquisition, Collection, Total, Burn, Clean Harbors, CLH, Transport, Growth, ESG, Total Recordable Incident Rate, Safety, GAAP, History, Incineration, PFAS, SKSS, Workforce, Ecosystem, Face, Pressure, Pharmaceutical industry

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the fourth quarter and year ended December 31, 2023.
  • Adjusted EBITDA (see description below) grew 14% to $254.9 million compared with $224.2 million in the same period of 2022.
  • “2023 was an outstanding year for the Company, highlighted by a record financial performance in our ES segment, notable operational accomplishments and extraordinary safety results,” Gerstenberg said.
  • For full-year 2024, Clean Harbors expects:
    Adjusted EBITDA in the range of $1.05 billion to $1.11 billion or a midpoint of $1.08 billion, which represents 7% growth year-over-year.

Clean Harbors to Present at the Raymond James 45th Annual Institutional Investors Conference

Retrieved on: 
Tuesday, February 20, 2024
Oil, Gas, Energy, Environment, Recycling, Sustainability, SVP, Conference, CLH

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Co-Chief Executive Officer Eric W. Gerstenberg, Chief Financial Officer Eric J. Dugas and SVP Investor Relations Jim Buckley will be presenting at the Raymond James 45th Annual Institutional Investors Conference.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Co-Chief Executive Officer Eric W. Gerstenberg, Chief Financial Officer Eric J. Dugas and SVP Investor Relations Jim Buckley will be presenting at the Raymond James 45th Annual Institutional Investors Conference.
  • Clean Harbors’ presentation will take place at 1:05 p.m.
  • ET on Tuesday, March 5, 2024, and will be webcast live.
  • To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com .

Clean Harbors to Announce Fourth-Quarter 2023 Financial Results on February 21

Retrieved on: 
Wednesday, February 7, 2024
Recycling, Other Energy, Environment, Oil, Gas, Sustainability, Green Technology, Energy, CLH, Executive officer, Senior, Webcast

Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, will host its fourth-quarter 2023 financial results conference call on Wednesday, February 21, 2024, at 9:00 a.m.

Key Points: 
  • Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, will host its fourth-quarter 2023 financial results conference call on Wednesday, February 21, 2024, at 9:00 a.m.
  • On the call, Co-Chief Executive Officers Michael L. Battles and Eric W. Gerstenberg, Chief Financial Officer Eric J. Dugas and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.
  • Those who wish to listen to the conference call webcast may visit the Investor Relations section of the Company’s website at www.cleanharbors.com .
  • If you are unable to listen to the live call, the webcast will be archived on the Company’s website .

GRYPHON INVESTORS TO SELL HEPACO TO CLEAN HARBORS FOR $400 MILLION

Retrieved on: 
Tuesday, February 6, 2024
Houlihan Lokey, CLH, Partnership, SAN, Growth, Clean Harbors, Transport, Kirkland & Ellis, Griffin, LLP

SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Gryphon Investors ("Gryphon"), a leading middle-market private equity firm, announced today that it has signed an agreement to sell HEPACO, LLC ("HEPACO" or "the Company") to Clean Harbors Inc. ("Clean Harbors") (NYSE: CLH), a leading provider of environmental and industrial services, in a transaction valued at $400 million.

Key Points: 
  • SAN FRANCISCO, Feb. 6, 2024 /PRNewswire/ -- Gryphon Investors ("Gryphon"), a leading middle-market private equity firm, announced today that it has signed an agreement to sell HEPACO, LLC ("HEPACO" or "the Company") to Clean Harbors Inc. ("Clean Harbors") (NYSE: CLH), a leading provider of environmental and industrial services, in a transaction valued at $400 million.
  • Gryphon initially invested in the Company in August 2016 and completed seven add-on acquisitions during its ownership.
  • We are confident that Clean Harbors will be an excellent home for HEPACO, and we believe that Clean Harbors will accelerate HEPACO's ongoing growth initiatives."
  • HEPACO management looks forward to working with Clean Harbors to continue driving growth and executing on our mission-critical environmental service work."

Clean Harbors to Acquire HEPACO for $400 Million

Retrieved on: 
Tuesday, February 6, 2024
Oil, Gas, Energy, Environment, Recycling, Sustainability, Houlihan Lokey, CLH, Growth, History, Transport, Ecosystem, Safety, Organization, Clean Harbors, Acquisition, Kirkland & Ellis, LLP, Harbor, Management

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) today announced it has entered into a definitive agreement with Gryphon Investors (“Gryphon”) to acquire HEPACO (“HEPACO”), a leading provider of specialized environmental and emergency response services in the Eastern United States, for $400 million in cash.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH) today announced it has entered into a definitive agreement with Gryphon Investors (“Gryphon”) to acquire HEPACO (“HEPACO”), a leading provider of specialized environmental and emergency response services in the Eastern United States, for $400 million in cash.
  • “HEPACO is a recognized leader in Field Services and its addition will accelerate the growth of our Environmental Services segment,” said Eric Gerstenberg, Co-Chief Executive Officer of Clean Harbors.
  • On an adjusted basis, HEPACO is expected to generate full-year 2023 EBITDA of approximately $36 million on $270 million of revenues.
  • This transaction also will offer enhanced career opportunities for HEPACO employees.”
    For this acquisition, Davis, Malm & D’Agostine is serving as legal counsel to Clean Harbors.

Clean Harbors to Present at the 26th Annual Needham Growth Conference

Retrieved on: 
Thursday, January 4, 2024
Recycling, Chemicals, Plastics, Environment, Oil, Gas, Manufacturing, Energy, Conference, SVP, CLH

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Co-Chief Executive Officer Michael L. Battles, Chief Financial Officer Eric J. Dugas and SVP Investor Relations Jim Buckley will be presenting at the 26th Annual Needham Growth Conference.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that Co-Chief Executive Officer Michael L. Battles, Chief Financial Officer Eric J. Dugas and SVP Investor Relations Jim Buckley will be presenting at the 26th Annual Needham Growth Conference.
  • Clean Harbors’ presentation will take place at 11:00 a.m.
  • ET on Thursday, January 18, 2024, and will be webcast live.
  • To access the live or archived webcast, visit the “Investor Relations” portion of Clean Harbors’ website at www.cleanharbors.com .

Clean Harbors Announces $500 Million Expansion of Share Repurchase Program

Retrieved on: 
Thursday, December 7, 2023
Recycling, Chemicals, Plastics, Environment, Oil, Gas, Manufacturing, Energy, Clean Harbors, Share repurchase, NYSE, CLH, Renewable energy

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that its Board of Directors has authorized a $500 million expansion of the Company’s existing share repurchase program.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced that its Board of Directors has authorized a $500 million expansion of the Company’s existing share repurchase program.
  • Clean Harbors intends to fund the share repurchases through its available cash resources.
  • “To date, we have bought back approximately 8.5 million shares at an average price of approximately $64 a share under our original $600 million stock repurchase plan.
  • Clean Harbors has no obligation to repurchase stock under this program and may suspend or terminate the repurchase program at any time.

Clean Harbors Announces Third-Quarter 2023 Financial Results

Retrieved on: 
Wednesday, November 1, 2023
Recycling, Chemicals, Plastics, Environment, Oil, Gas, Manufacturing, Energy, Clean Harbors, NYSE, Eastman Kodak Co. v. Image Technical Services, Inc., Ecosystem, Incineration, Government, ES, EBITDA, GAAP, Acquisition, Field service management, CLH, Growth, Total Recordable Incident Rate, Harbor, PFAS, Maritime Industrial Services, CFO, Safety, SKSS, Collection, Video game, Bookkeeping, Renewable energy, Adjustment, Q4

Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the third quarter ended September 30, 2023.
  • This compared with net income of $135.8 million, or $2.50 per diluted share, for the same period in 2022.
  • In light of current market conditions and third-quarter results, for full-year 2023, Clean Harbors now expects:
    Adjusted EBITDA in the range of $1.005 billion to $1.025 billion or a midpoint of $1.015 billion.
  • Clean Harbors reports Adjusted EBITDA, which is a non-GAAP financial measure and should not be considered an alternative to net income or other measurements under generally accepted accounting principles (GAAP) but viewed only as a supplement to those measurements.