Clean Harbors, Inc.NYSE
Clean Harbors Might Still See Further Weakening
Alpha Gen Capital
Alpha Gen Capital
Clean Harbors Is Making All The Right Moves
Alpha Gen Capital
Alpha Gen Capital
Wed, Nov. 2, 9:03 AM
- Adjusted net income of $9.3M, or $0.16 per share vs. a loss of $40.3M, or $0.69 in the same quarter a year ago.
- Adjusted EBITDA decreased 23% to $126.7M from $165.6M in the same period of 2015.
- "We expect that the challenges we faced this year from the industrial slowdown and the lack of a recovery in energy will remain in the fourth quarter," CEO Alan McKim declared.
- The company updated its 2016 guidance: Adjusted EBITDA of $400M-$410M (from $430M-$450M); Adjusted net loss of $10M to adjusted net income of $7M.
- Q3 results
Wed, Nov. 2, 7:36 AM
Tue, Nov. 1, 5:30 PM
- ABC, ADP, AGN, ALKS, AMSC, ANTM, ARCC, ARCO, ASC, BABA, BAH, BDC, BG, BTE, CBB, CCJ, CDK, CDW, CEVA, CLH, CLX, CRL, CRTO, CSTE, DLPH, DNOW, DOC, EE, EL, EMES, FLWS, FUN, GLDD, GPT, HCN, HEP, HSIC, HST, HYH, INGR, INXN, IPI, JLL, KATE, MMP, MNTA, MVIS, NRZ, NS, NSM, NVMI, NWN, NYT, ODP, OMAM, ORBC, ORBK, OZM, PCRX, Q, SABR, SBGI, SE, SEP, SHOP, SJR, SNAK, SNR, SRE, STE, STWD, SUM, TEL, TGNA, TMHC, TOWR, TRP, TWX, VER, VMC, VOYA, VSI, WD, YELP, ZTS
Tue, Aug. 9, 3:59 PM
- US Ecology (ECOL -5.3%) is downgraded to Underweight from Equal Weight with a $40 price target, cut from $48, at Barclays, which says municipal solid waste names are relatively expensive on historical measures at 22x estimated 2017 adjusted P/E.
- Barclays believes the municipal solid waste space is benefiting from strong industry fundamentals and investors' hunt for reliable yield, and continues to recommend new top pick Waste Connections (WCN +1.2%), Waste Management (WM +0.3%) and Republic Services (RSG +0.3%).
- But the firm says it is incrementally more cautious on specialty waste names such as ECOL and Clean Harbors (CLH -0.6%), given downside risk to H2 earnings due to project delays.
Wed, Aug. 3, 8:03 AM
- Adjusted net income of $8.4M, or $0.15 per share vs. a loss of $42.3M, or $0.72 in the same quarter a year ago.
- Adjusted EBITDA decreased 32% to $110.4M from $163.1M in the same period of 2015.
- During the quarter, the firm worked on completing a series of six acquisitions totaling approximately $175M to expand its geographic footprint and capabilities.
- The company also narrowed its 2016 Adjusted EBITDA guidance range to $430M-$450M (from $430M-$490M).
- Q2 results
Wed, Aug. 3, 7:34 AM
Tue, Aug. 2, 5:30 PM
- AAWW, AFAM, ALE, APO, ARCC, ARCO, ARQL, ATHM, ATRO, AVA, CDK, CDW, CEVA, CLDT, CLH, CLX, CRL, CROX, CRTO, CSTE, CWEI, D, DDD, DIN, DLPH, DM, DNOW, DOC, EE, ENR, FCPT, FUN, GEL, HFC, HUM, HYH, ICE, ING, INSY, INXN, IRT, KATE, KLIC, LINC, LMOS, MDC, MEMP, MFA, MTOR, NBL, NSM, NVMI, ODP, ORBK, OXY, PERI, POR, RRD, SBGI, SC, SCMP, SE, SHOP, SMG, SMP, SPR, SR, SUM, TMHC, TWX, USAK, VER, VIRT, VOYA, VSI, WD, XEL, ZTS
Wed, May 18, 12:55 PM
- Clean Harbors (CLH +1.5%) is initiated with an Overweight rating and $58 price target at Barclays, which expects Q2 to mark the trough in Y/Y earnings growth.
- The firm estimates that 25% of CLH's business is tied to crude oil prices including field services, lodging and oil recycling, and it expects these businesses to experience a lagged recovery on higher oil prices.
- Barclays says CLH's cyclical upside is supported by its highly regulated core hazardous waste incineration business, which the firm expects to contribute nearly 50% of 2016 EBITDA, providing a stable, non-oil related and recurring earnings stream.
- The firm also initiates US Ecology (ECOL +2.3%) with an Equal Weight rating and $48 price target, saying ECOL's unique asset base of hazardous waste landfills provides a foundation for long-term reliable earnings but shares are now fairly valued after recent appreciation.
Wed, May 4, 8:36 AM
- Adjusted net loss of $12.9M, or -$0.22 per share vs. a loss of $7M, or -$0.12 in the same quarter a year ago.
- Adjusted EBITDA decreased 14% to $67.3M from $78.3M in the same period of 2014.
- The company reaffirmed its 2016 Adjusted EBITDA guidance in the range of $430M-$490M.
- Q1 results
Wed, May 4, 7:31 AM
- Clean Harbors (NYSE:CLH): Q1 EPS of -$0.22 in-line.
- Revenue of $636.1M (-13.2% Y/Y) misses by $23.33M.
Tue, May 3, 5:30 PM
- AFAM, ARCC, ARCO, ARQL, ASC, ATRO, AVA, AYR, BDC, BUD, CDW, CHH, CLH, CPK, CRK, CRL, CRTO, CRZO, CSTE, D, DLPH, DNOW, ECYT, EE, ENR, FUN, GEL, GNRC, GTE, HAIN, HE, HFC, HSC, HSNI, HTWR, HYH, ICE, INXN, IONS, IRT, KATE, KLIC, LGND, MEMP, MFA, MMP, MOS, MPW, MTOR, NBL, NGS, NJR, NRZ, NVMI, NXTM, OMF, ONCE, ORBK, PCG, PCLN, RDC, RDS.A, SBGI, SCMP, SE, SERV, SHOP, SMP, SPAR, SR, SRE, SSTK, STRA, TGH, TGI, TMHC, TREE, TWX, VIRT, VOYA, VSI, WD, WIX, ZTS
Mon, Mar. 14, 10:06 AM
- Clean Harbors (CLH -0.6%) is planning to commence an add-on offering of $200M aggregate principal amount of 5.125% Senior Notes due 2021.
- The notes will be issued under the indenture pursuant to which the company previously issued $600M aggregate principal amount of 5.125% Senior Notes due 2021. $595M aggregate principal amount of which remain outstanding.
- Clean Harbors intends to use the net proceeds from the offering of the notes for potential future acquisitions and general corporate purposes.
Wed, Feb. 24, 8:13 AM
- Adjusted net income of $0.6M, or $0.01 per share vs. $27.4M, or $0.46 in the same quarter a year ago.
- Adjusted EBITDA decreased 26% to $97.2M from $130.8M in the same period of 2014.
- Outlook for 2016: The company expects adjusted EBITDA guidance of $430M-$490M.
- Q4 results
Wed, Feb. 24, 7:33 AM
- Clean Harbors (NYSE:CLH): Q4 EPS of $0.01 may not be comparable to consensus of $0.12.
- Revenue of $713M (-15.6% Y/Y) misses by $23.48M.
Tue, Feb. 23, 5:30 PM
Wed, Feb. 3, 2:10 PM
- Vertex Energy (VTNR +55%) soars following this morning's news that it sold its Nevada re-refinery facility to Clean Harbors (CLH +1.3%) for $35M.
- VTNR says the swap agreement and base oil agreements that were entered into as part of the sale should allow it to improve logistic costs and provide a long-term off-take agreement for base oil and finished lubricants.
- VTNR says it is using $16M of the sale proceeds to pay down and service its debt, lowering the amount owed to ~$7M and total long-term debt to ~$14M.