Clean Harbors Inc

CLH

Equity

ISIN US1844961078 / Valor 919123

New York Stock Exchange, Inc (2024-12-24)

USD 230.94+1.02%

Clean Harbors Inc
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About company

Clean Harbors Inc is a leading provider of environmental and industrial services in North America, catering to a diverse customer base that includes Fortune 500 companies, various industries, and government agencies. The company offers a wide range of services such as hazardous waste management, emergency spill response, industrial cleaning, maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors is also a major player in oil re-refining and recycling, as well as providing parts washers and environmental services to commercial, industrial, and automotive clients. Founded in 1980 and headquartered in Massachusetts, Clean Harbors operates across the United States, Canada, Mexico, and Puerto Rico.

Summarized from source with an LLMView SourceSector: Utilities

Revenue Growth

In the third quarter of 2024, Clean Harbors Inc. reported a 12% increase in revenue, reaching $1.53 billion compared to $1.37 billion in the same period of 2023. This growth was primarily driven by the strength in their Field Services segment.

Net Income Increase

Clean Harbors Inc. achieved a 26% growth in net income for the third quarter of 2024, amounting to $115.2 million, or $2.12 per diluted share. This is an increase from $91.3 million, or $1.68 per diluted share, in the third quarter of 2023.

Adjusted EBITDA Performance

The company reported an 18% increase in Adjusted EBITDA for the third quarter of 2024, totaling $301.8 million, compared to $255.0 million in the same period of the previous year. The Adjusted EBITDA margin improved to 19.7%.

Segment Highlights

Clean Harbors Inc.'s Environmental Services (ES) segment saw a 13% increase in revenue and a 15% growth in Adjusted EBITDA during the third quarter of 2024. The Safety-Kleen Sustainability Solutions (SKSS) segment also experienced a 6% revenue growth, although it faced challenges due to lower demand and pricing pressure in the base oil market.

Revised Financial Guidance

Based on its third-quarter performance, Clean Harbors Inc. revised its full-year 2024 guidance. The company now expects Adjusted EBITDA to be in the range of $1.10 billion to $1.12 billion, representing a 10% growth year-over-year. Adjusted free cash flow is anticipated to be between $280 million and $320 million.

Summarized from source with an LLMView Source

Key figures

30.6%1Y

142%3Y

169%5Y

Performance

27.9%1Y

29.4%3Y

42.9%5Y

Volatility