Clean Harbors announced today the acquisition of Veolia's U.S. Industrial Cleaning division for $120 million. At the heart of the acquisition is 1,400 employees who will now help Clean Harbors significantly bolster industrial operations throughout the country. Working out of more than 60 locations, they specialize in industrial vacuuming, hydro-blasting, tank cleaning, chemical cleaning, total…
Type: News Article
Announces Revenues of $893.4 Million and EPS of $0.69 Achieves 8% Increase in Adjusted EBITDA to a Record $165.6 Million on Strong Emergency Response Contribution Posts Adjusted EBITDA Margin of 18.5% Reduces 2015 Adjusted EBITDA Guidance Due to Ongoing Headwinds Initiates $100 Million Cost Reduction Program for 2016 to Align With Market Conditions NORWELL, Mass.--(BUSINESS WIRE)--Nov. 4, 2015--…, Comments on the Third Quarter, “We generated nearly $145 million in emergency response work during the third quarter,” McKim said. “This sizeable emergency response revenue produced substantial growth in our Industrial and Field Services segment, which also benefited from an increase in turnaround activity at U.S. refineries. SK Environmental Services again contributed to our growth in profitability, posting a 30% increase…, Business Outlook and Financial Guidance, “The external challenges we are facing this year may be with us for some time,” McKim said. “As a result, we are taking aggressive action to reduce our operating expenses and realign our cost structure to succeed in an environment that has been materially changed by the low price of crude oil and resulting slowdown, particularly in Western Canada. While we are not providing specific 2016 guidance…, Non-GAAP Results, Clean Harbors reports Adjusted EBITDA results, which is a non-GAAP financial measure, as a complement to results provided in accordance with accounting principles generally accepted in the United States (GAAP). The Company believes that Adjusted EBITDA provides additional useful information to investors since the Company’s loan covenants are based upon levels of Adjusted EBITDA achieved. The…, For the Three Months Ended:, , For the Nine Months Ended:, , September 30, 2015, , September 30, 2014, , September 30, 2015, , September 30, 2014, Net income (loss) $40,228 $(93,337) $43,534 $(55,705) Accretion of environmental liabilities 2,577 2,642 7,795 7,975 Depreciation and amortization 69,060 70,049 205,189 205,480 Goodwill impairment charge — 123,414 31,992 123,414 Other expense (income) 139 (613) 390 (4,136) Interest expense, net 19,017…, For the Three Months Ended:, , For the Nine Months Ended:, Adjusted income from operations, , September 30, 2015, , September 30, 2014, , September 30, 2015, , September 30, 2014, Income (loss) from operations $ 93,970 $ (42,748) $ 162,030 $ 54,273 Goodwill impairment charge — 123,414 31,992 123,414 Adjusted income from operations $ 93,970 $ 80,666 $ 194,022 $177,687, Adjusted net income, Net income (loss) $ 40,228 $(93,337) $ 43,534 $(55,705) Goodwill impairment charge, net of tax — 120,750 31,992 120,750 Adjusted net income $ 40,228 $ 27,413 $ 75,526 $ 65,045, Adjusted earnings per share, Earnings (loss) per share $ 0.69 $(1.55) $ 0.74 $(0.92) Goodwill impairment charge, net of tax — 2.00 0.54 1.99 Adjusted earnings per share $ 0.69 $ 0.45 $ 1.28 $ 1.07, Adjusted EBITDA Guidance Reconciliation, An itemized reconciliation between projected net income and projected Adjusted EBITDA is as follows: , For the Year Ending, December 31, 2015, , Amount, (In millions) Projected GAAP net income $48 to $57 Adjustments: Accretion of environmental liabilities 11 to 10 Depreciation and amortization 274 to 270 Goodwill impairment charge 32 to 32 Interest expense, net 76 to 76 Provision for income taxes 66 to 69 Projected Adjusted EBITDA $507 to $…, , Adjusted EBITDA Guidance Reconciliation, An itemized reconciliation between projected net income and projected Adjusted EBITDA is as follows:, Conference Call Information, Clean Harbors will conduct a conference call for investors today at 9:00 a.m. (ET) to discuss the information contained in this press release. On the call, management will discuss Clean Harbors’ financial results, business outlook and growth strategy. Investors who wish to listen to the webcast and view the accompanying slides should visit the Investor Relations section of the Company’s website…, About Clean Harbors, Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end…, Safe Harbor Statement, Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects,” or similar expressions. Such statements may include, but are not…, CLEAN HARBORS, INC. AND SUBSIDIARIES, , UNAUDITED CONSOLIDATED STATEMENTS OF INCOME, , (in thousands except per share amounts), , For the Three Months Ended:, , For the Nine Months Ended:, , September 30,, 2015, , September 30,, 2014, , September 30,, 2015, , September 30,, 2014, Revenues $893,366 $851,465 $2,562,093 $2,556,612 Cost of revenues (exclusive of items shown separately below) 634,646 598,407 1,833,841 1,831,076 Selling, general and administrative expenses 93,113 99,701 321,246 334,394 Accretion of environmental liabilities 2,577 2,642 7,795 7,975 Depreciation and…, CLEAN HARBORS, INC. AND SUBSIDIARIES, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, (in thousands), , September 30, 2015, , December 31, 2014, Current assets: Cash and cash equivalents $ 179,191 $ 246,879 Accounts receivable, net 600,283 557,131 Unbilled accounts receivable 41,562 40,775 Deferred costs 19,096 19,018 Inventories and supplies 150,255 168,663 Prepaid expenses and other current assets 44,880 57,435 Deferred tax assets 37,288 36,532 Total current assets 1,072,555 1,…, Supplemental Segment Data (in thousands), , For the Three Months Ended:, Revenue, , September 30, 2015, , September 30, 2014, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $253,069 $ 35,325 $288,394 $ 272,478 $ 40,924 $313,402 Industrial and Field Services 307,226 (7,286) 299,940 163,582 (9,205) 154,377 Kleen Performance Products 100,827 (23,750) 77,077 140,345 (52,606) 87,739 SK Environmental Services 171,832 (5,945) 165,887 170,980 21,212 192,192 Lodging Services 13,507 773 14,280…, For the Nine Months Ended:, Revenue, , September 30, 2015, , September 30, 2014, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $741,419 $110,923 $852,342 $ 766,057 $ 119,617 $ 885,674 Industrial and Field Services 807,423 (25,400) 782,023 510,696 (31,819) 478,877 Kleen Performance Products 296,738 (63,437) 233,301 413,282 (155,588) 257,694 SK Environmental Services 508,392 (26,326) 482,066 503,692 64,418 568,110 Lodging Services 68,782 2,026…, , Non-GAAP Segment Results, Clean Harbors reports Adjusted EBITDA results, which is a non-GAAP financial measure, as a complement to results provided in accordance with accounting principles generally accepted in the United States (GAAP) and believes that such information provides additional useful information to investors since the Company’s loan covenants are based upon levels of Adjusted EBITDA achieved. The Company…, For the Three Months Ended:, , For the Nine Months Ended:, Adjusted EBITDA, , September 30, 2015, , September 30, 2014, , September 30, 2015, , September 30, 2014, Technical Services $79,048 $86,928 $219,257 $233,402 Industrial and Field Services 62,460 20,303 145,850 67,391 Kleen Performance Products 12,123 21,473 23,471 49,252 SK Environmental Services 40,096 30,853 108,540 84,985 Lodging Services 1,827 15,972 12,589 49,196 Oil and Gas Field Services 1,579 …
Type: News Article
Used Oil Market Swings to Pay-to-Collect.
Type: News Article
Clean Harbors Announces Formation of Kleen Performance Products to Accelerate Growth in Lubricants Market Dedicated Business and Brand to Meet Growing Demand for Renewable and High-Performance Synthetic Oils That Support Reduction of Greenhouse Gas Emissions Strategy Builds on History of Innovation and No. 1 Market Share in North America for Renewable Oils and Lubricants NORWELL, Mass.--(…, Innovator and Leader in Using Oil as a Renewable Resource, Kleen Performance Products base oil and EcoPower finished lubricants use twice-refined oil manufactured through our innovative proprietary process which reduces greenhouse gas emissions by up to 80 percent. These products also require up to 85 percent less energy to produce than lubricants made from virgin crude oil, because the used oil has already been refined. It takes 42 gallons of virgin…, Performance Plus Products Meet Growing Demand for Full Synthetic and Other Lubricants, Another brand to be offered by Kleen Performance Products is Performance Plus, a line of full synthetic, synthetic blend and conventional motor oils that is expected to support accelerated growth of the Company’s blended products. Demand for full synthetic oil is increasing to meet regulatory standards for lower greenhouse gas emissions and improved fuel economy. All Kleen Performance Products…, Execution of Strategic Review, The formation of Kleen Performance Products continues the implementation of recommendations stemming from a comprehensive strategic review of its business portfolio that Clean Harbors announced earlier this year. The review recommended that the Company refocus its businesses on what each does best in order to maximize value. In addition to creating Kleen Performance Products and refocusing Safety…, About Kleen Performance Products, Headquartered in Richardson, Texas, Kleen Performance Products is dedicated to the sale and distribution of high-quality lubricants, including EcoPower and Performance Plus brands, as well as Kleen Performance Products Base Oil. Most of its products are created by proprietary processes developed through decades of investment in research, development and innovation. As the largest provider of…, About Clean Harbors, Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end…, Safe Harbor Statement, Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects,” or similar expressions. Such statements may include, but are not…
Type: News Article
NORWELL, Mass.--(BUSINESS WIRE)--Jul. 22, 2015-- Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental, energy and industrial services throughout North America, will host its second-quarter 2015 conference call on Wednesday, August 5, 2015 at 9:00 a.m. ET. On the call, Chairman and Chief Executive Officer Alan S. McKim and Vice Chairman, President and Chief Financial Officer…, About Clean Harbors, Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end…
Type: News Article
Announces Q4 Revenue of $845.0 Million, EPS of $0.46 and Adjusted EBITDA of $130.8 Million Generates Full-Year Revenue of $3.4 Billion and Adjusted EBITDA of $521.9 Million Offsets Slowdown Related to Energy Markets through Environmental Business Performance Confirms 2015 Adjusted EBITDA Guidance NORWELL, Mass.--(BUSINESS WIRE)--Feb. 25, 2015-- Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH),…, For the Three Months Ended:, , For the Year Ended:, , December 31,, 2014, , December 31,, 2013, , December 31,, 2014, , December 31,, 2013, Net income (loss) $27,377 $26,801 $(28,328) $95,566 Accretion of environmental liabilities 2,637 2,913 10,612 11,541 Depreciation and amortization 70,603 67,545 276,083 264,449 Goodwill impairment charge — — 123,414 — Other (income) expense (…, For the Year Ended:, Adjusted net income, , December 31,, 2014, , December 31,, 2013, Net (loss) income $(28,328) $95,566 Goodwill impairment charge, net of tax 120,750 — Adjusted net income $ 92,422 $95,566 , Adjusted earnings per share, (Loss) earnings per share $(0.47) $1.57 Goodwill impairment charge, net of tax 2.00 — Adjusted earnings per share $ 1.53 $1.57, Adjusted EBITDA Guidance Reconciliation, An itemized reconciliation between projected net (loss) income and projected Adjusted EBITDA is as follows: , For the Quarter Ending, March 31, 2015, , For the Year Ending, December 31, 2015, , Amount, , Amount, (In millions) (In millions) Projected GAAP net (loss) income $(4) to $ 2 $103 to $136 Adjustments: Accretion of environmental liabilities 3 to 3 11 to 10 Depreciation and amortization 68 to 65 275 to 265 Interest expense, net 19 to 19 76 to 76 (Benefit) provision for income taxes (3) to 1…, CLEAN HARBORS, INC. AND SUBSIDIARIES, UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS), (in thousands except per share amounts), , For the Three Months Ended:, , For the Year Ended:, , December 31,, 2014, , December 31,, 2013, , December 31,, 2014, , December 31,, 2013, Revenues $ 845,024 $ 879,430 $ 3,401,636 $ 3,509,656 Cost of revenues (exclusive of items shown separately below) 610,720 645,164 2,441,796 2,542,633 Selling, general and administrative expenses 103,527 104,931 437,921 470,477 Accretion of…, CLEAN HARBORS, INC. AND SUBSIDIARIES, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, (in thousands), , December 31, 2014, , December 31, 2013, Current assets: Cash and cash equivalents $ 246,879 $ 310,073 Marketable securities — 12,435 Accounts receivable, net 557,131 579,394 Unbilled accounts receivable 40,775 26,568 Deferred costs 19,018 16,134 Inventories and supplies 168,663 152,096 Prepaid expenses and other…, Supplemental Segment Data (in thousands), , For the Three Months Ended:, Revenue, , December 31, 2014, , December 31, 2013, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $ 277,210 $ 42,499 $ 319,709 $ 264,260 $ 35,120 $ 299,380 Industrial and Field Services 171,083 (10,591 ) 160,492 164,848 (10,207 ) 154,641 Oil Re-refining and Recycling 120,305 (46,276 ) 74,029 133,610 (49,156 ) 84,454 SK Environmental Services 163,…, For the Year Ended:, Revenue, , December 31, 2014, , December 31, 2013, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $ 1,043,267 $ 162,116 $ 1,205,383 $ 1,023,926 $ 123,889 $ 1,147,815 Industrial and Field Services 681,779 (42,410 ) 639,369 708,523 (44,934 ) 663,589 Oil Re-refining and Recycling 533,587 (201,864 ) 331,723 528,636 (193,009 ) 335,627 SK Environmental Services…, Non-GAAP Segment Results, Clean Harbors reports Adjusted EBITDA results, which is a non-GAAP financial measure, as a complement to results provided in accordance with accounting principles generally accepted in the United States (GAAP) and believes that such information provides additional useful information to investors since the Company’s loan covenants are based upon levels of Adjusted EBITDA achieved. The Company…, For the Three Months Ended:, , For the Year Ended:, Adjusted EBITDA, , December 31,, 2014, , December 31,, 2013, , December 31,, 2014, , December 31,, 2013, Technical Services $ 94,728 $ 77,236 $ 328,130 $ 285,520 Industrial and Field Services 20,200 21,523 87,591 96,804 Oil Re-refining and Recycling 2,309 10,253 51,561 57,003 SK Environmental Services 29,001 28,448 113…
Type: News Article
Reports Revenue of $732.5 Million and Net Loss of $0.12 Per Share Posts Lower-than-Anticipated Adjusted EBITDA of $78.3 Million as Energy Prices Affect Oil and Gas Field Services and Lodging Segments and Adverse Weather Delays Projects Generates Strong Cash Flow from Operations of $84.8 Million Expects to be at Low End of 2015 Adjusted EBITDA Guidance Range Expands Planned Carve-Out to Include…, For the Three Months Ended:, , March 31, 2015, , March 31, 2014, Net (loss) income $ (7,089 ) $ 8,960 Accretion of environmental liabilities 2,619 2,724 Depreciation and amortization 68,356 69,356 Other income (409 ) (4,178 ) Interest expense, net 19,438 19,554 (Benefit) provision for income taxes (4,638 ) 5,570 Adjusted EBITDA $…, Adjusted EBITDA Guidance Reconciliation, An itemized reconciliation between projected net income and projected Adjusted EBITDA is as follows: , For the Quarter Ending, June 30, 2015, , For the Year Ending, December 31, 2015, , Amount, , Amount, (In millions) (In millions) Projected GAAP net income $ 29 to $ 36 $ 101 to $ 134 Adjustments: Accretion of environmental liabilities 3 to 3 11 to 10 Depreciation and amortization 68 to 65 275 to 265 Interest expense, net 19 to 19 76 to 76 Provision…, Conference Call Information, Clean Harbors will conduct a conference call for investors today at 9:00 a.m. (ET) to discuss the information contained in this press release. On the call, management will discuss Clean Harbors’ financial results, business outlook and growth strategy. Investors who wish to listen to the webcast and view the accompanying slides should visit the Investor Relations section of the Company’s website…, About Clean Harbors, Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental, energy and industrial services. The Company serves a diverse customer base, including a majority of the Fortune 500, across the chemical, energy, manufacturing and additional markets, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end…, Safe Harbor Statement, Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans to,” “estimates,” “projects,” or similar expressions. Such statements may include, but are not…, CLEAN HARBORS, INC. AND SUBSIDIARIES, UNAUDITED CONSOLIDATED STATEMENTS OF (LOSS) INCOME, (in thousands except per share amounts), , For the Three Months Ended:, , March 31, 2015, , March 31, 2014, Revenues $ 732,499 $ 846,667 Cost of revenues (exclusive of items shown separately below) 546,507 625,719 Selling, general and administrative expenses 107,715 118,962 Accretion of environmental liabilities 2,619 2,724 Depreciation and amortization 68,356 69,356 Income from operations…, CLEAN HARBORS, INC. AND SUBSIDIARIES, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, (in thousands), , March 31, 2015, , December 31, 2014, Current assets: Cash and cash equivalents $ 233,739 $ 246,879 Accounts receivable, net 521,563 557,131 Unbilled accounts receivable 33,333 40,775 Deferred costs 18,880 19,018 Inventories and supplies 143,052 168,663 Prepaid expenses and other current assets 56,263 57,435 Deferred tax assets 36,355 …, Supplemental Segment Data (in thousands), , For the Three Months Ended:, Revenue, , March 31, 2015, , March 31, 2014, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $ 240,325 $ 36,201 $ 276,526 $ 236,781 $ 37,833 $ 274,614 Industrial and Field Services 146,868 (6,483 ) 140,385 161,960 (11,603 ) 150,357 Oil Re-refining and Recycling 96,807 (18,258 ) 78,549 128,921 (48,116 ) 80,805 SK Environmental Services 160,…, Non-GAAP Segment Results, Clean Harbors reports Adjusted EBITDA results, which is a non-GAAP financial measure, as a complement to results provided in accordance with accounting principles generally accepted in the United States (GAAP) and believes that such information provides additional useful information to investors since the Company’s loan covenants are based upon levels of Adjusted EBITDA achieved. The Company…, For the Three Months Ended:, Adjusted EBITDA, , March 31, 2015, , March 31, 2014, Technical Services $ 63,401 $ 62,177 Industrial and Field Services 10,309 16,372 Oil Re-refining and Recycling (4,476 ) 12,583 SK Environmental Services 27,249 22,825 Lodging Services 6,910 17,737 Oil and Gas Field Services 1,403 16,331 Corporate Items (26,…
Type: News Article
Clean Harbors offre des services environnementaux, industriels et d’intervention d’urgence dans tous les domaines du gouvernement fédéral, provincial, régional et municipal du Canada dans le cadre de contrats établis ou à la demande. Nous sommes reconnus par un accord préalable auprès de Travaux publics et Services gouvernementaux Canada (TPSGC). Nous offrons des services sous contrat tels que l’…, Les services gouvernementaux que nous fournissons :, Services d’élimination de déchets Empaquetage de produits chimiques de laboratoire CleanPack® Gestion des bouteilles de gaz comprimé Décontamination Démolition et démantèlement Intervention d’urgence Services de déchets ménagers dangereux Projets à grande échelle d’enlèvement et d’élimination des déchets Gestion des explosifs Services de traitement des matières réactives Services de…
Type: Industry
Clean Harbors dispose de l’expertise, de la main-d’œuvre, de l’équipement et des capacités démontrées pour fournir des services environnementaux, industriels et d’intervention d’urgence pour tous les types de fabricants. Quel que soit ce que votre usine fabrique, de l’équipement aérospatial à l’oxyde de zinc, Clean Harbors peut vous aider à maintenir votre conformité à la réglementation tout en…, Les services que nous offrons à l’industrie de la fabrication générale, Empaquetage de produits chimiques de laboratoire CleanPack® intervention d'urgence Services sur place InSite Services d’élimination de déchets Recyclage des solvants chimiques Services industriels Nettoyage de réservoirs Récupération, recyclage et réutilisation Services de réhabilitation
Type: Industry
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