Clean Harbors, Inc. (CLH) - NYSE
  • 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
  • Feb. 4, 2015, 8:46 AM
    • Clean Harbors (NYSE:CLH) agrees to acquire Nuverra Environmental (NYSE:NES) subsidiary Thermo Fluids for $85M.
    • CLH says the acquisition will add ~50M gallons of waste oil to Safety-Kleen's recycling and re-refining business, and expect to leverage Thermo Fluids' collection facilities, storage capabilities, rail assets and transportation fleet with existing re-refining infrastructure.
    • NES +34.3% premarket.
    | Feb. 4, 2015, 8:46 AM
  • Oct. 1, 2014, 2:00 PM
    • Activist investor Relational Investors "plans to wind down its operations and dissolve its current funds by the end of next year," the WSJ reports. A new fund with the same name is expected to be be eventually launched, but founders Ralph Whitworth and David Batchelder "will cede day-to-day control."
    • The report comes after Whitworth took a leave of absence in July to focus on his health.  Relational has $6B in assets under management.
    • Many of the companies Relational holds positions in have added to their Wedenesday losses following the report: MHR -6.8%. CLH -5.9%. MTW -4.3%. SPW -3.7%. BEAV -3.5%. TKR -3%. HOLX -2.8%. PMCS -3.6%.
    | Oct. 1, 2014, 2:00 PM | 3 Comments
  • Sep. 5, 2014, 11:58 AM
    • Clean Harbors (CLH -4.6%) is downgraded to Hold from Buy at BB&T, which sees ongoing commodity and forex uncertainty hurting results in the coming quarters, partially offsetting expected margin improvement from ongoing cost reductions and better utilization.
    • BB&T also believes recent oil sands project delays could remain a headwind to near-term Industrial and lodging results; the firm expects the sale of select assets could benefit shares, although it no longer feels compelled to put new money to work.
    | Sep. 5, 2014, 11:58 AM
  • Apr. 24, 2014, 6:05 PM
    • Clean Harbors (CLH) +8.6% AH on news that activist hedge fund Relational Investors acquired a ~9% stake in the company.
    • Relational says CLH’s dominant position in hazardous waste collection, transportation and disposal is severely underappreciated, and urges the company to focus on its core business, buy back stock and pursue asset sales or spinoffs.
    | Apr. 24, 2014, 6:05 PM
  • Apr. 24, 2014, 5:41 PM
    • Top gainers, as of 5:15 p.m.: MKTO +11.3%. CUDA +10.2%. SVM +9.9%. SYNA +9.4%. CLH +8.4%.
    • Top losers, as of 5:15 p.m.: CAMP -12.5%. EOPN -10.8%. AFOP -7.4%. KLAC -5.5%. EW -5.3%.
    | Apr. 24, 2014, 5:41 PM
  • Feb. 26, 2014, 12:46 PM
    | Feb. 26, 2014, 12:46 PM | 1 Comment
  • Feb. 26, 2014, 9:16 AM
    | Feb. 26, 2014, 9:16 AM
  • Feb. 20, 2013, 2:11 PM
    Clean Harbors (CLH +5.7%) gets a lift today after beating Q4 top line expectations. Total revenue increased by 2.5% Y/Y on strong contributions in its Industrial Services and Field Services segments, which offset a slowdown in its Oil & Gas Field Services unit. The company also reafirmed guidance above Street expectations, maintaining its FY13 guidance of $3.72B - $3.77B in revenues. The Street view is for $3.53B.
    | Feb. 20, 2013, 2:11 PM
  • Nov. 27, 2012, 6:56 PM

    Clean Harbors (CLH) prices its previously announced 6M share offering at $56, just a 1.7% discount to todays closing price. The company intends to use the proceeds to help finance its $1.25B acquisition of Safety-Kleen (SFYK), and also plans to offer $550M in senior notes due 2021 to help fund the deal. CLH had around 53.4M shares outstanding as of September 30. Shares -1% AH.

    | Nov. 27, 2012, 6:56 PM
  • Nov. 26, 2012, 6:42 PM

    Clean Harbors (CLH) says its rolling out a 6M share follow-on public offering of its common stock, and that once priced, it plans to commence an additonal private placement of $550M of Senior Notes due 2021. Shares -1.7% AH.

    | Nov. 26, 2012, 6:42 PM
  • Oct. 31, 2012, 9:19 AM

    Clean Harbors (CLH) +7.7% premarket, as shareholders are finally able to react to Monday's $1.25B acquisition of oil recycling firm Safety-Kleen, which generated about $1.3B in revenue last year (about two-thirds the total of CLH) and $161M in EBITDA. Analysts see opportunities for operating synergies and cross-selling that would enhance the value and returns of the deal for CLH.

    | Oct. 31, 2012, 9:19 AM
  • Sep. 20, 2012, 11:24 AM

    Clean Harbors (CLH -4.5%) is downgraded to Neutral at Robert W. Baird, which sees "near-term fundamental and evolving valuation concerns" for the provider of environmental, energy and industrial services. The firm points to flagging rig counts, unfavorable Canadian weather and ongoing equipment transition in expecting risk to CLH's Q3.

    | Sep. 20, 2012, 11:24 AM
  • Aug. 8, 2012, 12:34 PM

    Clean Harbors (CLH -7.4%) takes a hit today after missing on its Q2 across the board. Total revenue rose 17% Y/Y as the company focused more on liquids amid depressed natural-gas prices, but its energy business was hit by a seasonal slowdown due to the Spring break-up in Western Canada and extended wet weather conditions in the quarter. The company affirms its FY12 revenue estimates in the range of $2.2B to $2.25B.

    | Aug. 8, 2012, 12:34 PM
  • Jun. 19, 2012, 12:49 PM

    Energy worries create a buying opportunity in Clean Harbors (CLH +4.1%), Wunderlich says. While 25% of CLH revenues are tied to servicing of the oil and gas industry, the company has limited direct exposure to the oil price and rig counts, the firm says; most of CLH energy revenues are linked to Canadian oil sands production, which is forecast to remain strong.

    | Jun. 19, 2012, 12:49 PM
  • May 2, 2012, 7:59 AM
    Clean Harbors (CLH): Q1 EPS of $0.60 beats by $0.03. Revenue of $572M (+31.5% Y/Y) beats by $24M. Shares +1.3% premarket. (PR)
    | May 2, 2012, 7:59 AM
Company Description
Clean Harbors, Inc. engages in the business of providing environmental, energy and industrial services. The company operates through six segments: Technical Services, Industrial and Field Services, Oil Re-refining and Recycling, SK Environmental Services, Lodging Services and Oil & Gas Field... More
Industry: Waste Management
Country: United States