Clean Harbors, Inc.(CLH)- NYSE
  • 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.
    | Tue, Aug. 9, 3:59 PM | 4 Comments
  • 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, 8:03 AM
  • Wed, Aug. 3, 7:34 AM
    • Clean Harbors (NYSE:CLH): Q2 EPS of $0.15 misses by $0.08.
    • Revenue of $697.51M (-25.5% Y/Y) misses by $29.72M.
    • Press Release
    | Wed, Aug. 3, 7:34 AM
  • Tue, Aug. 2, 5:30 PM
  • 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 18, 12:55 PM
  • 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, 8:36 AM
  • 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.
    • Press Release
    | Wed, May 4, 7:31 AM
  • Tue, May 3, 5:30 PM
  • 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.
    | Mon, Mar. 14, 10:06 AM
  • 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, 8:13 AM
  • 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.
    | Wed, Feb. 24, 7:33 AM
  • Tue, Feb. 23, 5:30 PM
    | Tue, Feb. 23, 5:30 PM | 6 Comments
  • 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.
    | Wed, Feb. 3, 2:10 PM | 4 Comments
  • Wed, Jan. 6, 8:54 AM
    • Clean Harbors (NYSE:CLH) appoints Michael Battles as Executive Vice President and Chief Financial Officer.
    • Battles has served as the company’s Senior Vice President, Corporate Controller and Chief Accounting Officer since 2013.
    | Wed, Jan. 6, 8:54 AM
  • Dec. 22, 2015, 10:23 AM
    • Clean Harbors' (CLH) Safety-Kleen subsidiary is revising pricing related to managing used engine and industrial oils.
    • "The continuing rapid decline in crude oil indices and base oil pricing...are decreasing the values of our re-refined products and byproducts, as well as our recycled fuel oil," said Kevin Hayden, Executive Vice President.
    • Effective immediately, Safety-Kleen will be targeting an increase of $80 per stop with all customers across its used oil customer base.
    | Dec. 22, 2015, 10:23 AM
  • Nov. 4, 2015, 8:01 AM
    • Adjusted net income of $40.2M, or $0.69 per share vs. $27.4M, or -$1.55 in the same quarter a year ago.
    • Adjusted EBITDA increased 8% to a record $165.6M from $153.4M in the same period of 2014. Adjusted EBITDA margin rose 50 bps to 18.5%, compared with 18.0% the year before.
    • Due to ongoing headwinds, the company is revising its 2015 adjusted EBITDA guidance range to $507M-$514M, compared with previous guidance of $530M-$570M.
    • CLH -5.3% premarket
    • Q3 results
    | Nov. 4, 2015, 8:01 AM