Company Performance - Clean Harbors reported quarterly earnings of $2.12 per share, missing the Zacks Consensus Estimate of $2.15 per share, but showing an increase from $1.68 per share a year ago, representing an earnings surprise of -1.40% [1] - The company posted revenues of $1.53 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.26% and increasing from $1.37 billion year-over-year [2] - Over the last four quarters, Clean Harbors has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Clean Harbors shares have increased approximately 50.9% since the beginning of the year, outperforming the S&P 500's gain of 22.3% [3] - The current consensus EPS estimate for the upcoming quarter is $1.75 on revenues of $1.47 billion, and for the current fiscal year, it is $7.64 on revenues of $5.91 billion [7] Industry Outlook - The Waste Removal Services industry, to which Clean Harbors belongs, is currently ranked in the bottom 39% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Clean Harbors' stock performance [5][6]

EXHIBIT 99.1 Press Release Clean Harbors Announces Third-Quarter 2024 Financial Results • Posts 12% Q3 Revenue Increase to $1.53 Billion, Led by Strength in Field Services • Generates 26% Q3 Net Income Growth to $115.2 Million, or EPS of $2.12 • Achieves 18% Growth in Q3 Adjusted EBITDA to $301.8 Million with Margin of 19.7% • Revises Full-Year 2024 Adjusted EBITDA and Adjusted Free Cash Flow Guidance • Commercial Launch of Kimball, Nebraska Incinerator Planned for November NORWELL, Mass. – October 30, 2024 ...

Dublin, Sept. 23, 2024 (GLOBE NEWSWIRE) -- The "Solvent Recovery & Recycling - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering. The global market for Solvent Recovery & Recycling was estimated at US$1.1 Billion in 2023, and is projected to reach US$1.3 Billion by 2030, growing at a CAGR of 3.3% from 2023 to 2030. The growth in the solvent recovery and recycling market is driven by several factors. Firstly, the increased adoption of circular economy principles is pushing ...

Clean Harbors, Inc. (CLH) had an impressive run in the past year. The company's shares have gained 45% compared with the 28.7% rally of its industry and the 27.6% rise of the Zacks S&P 500 composite. CLH's revenues are anticipated to increase 9.2% year over year in 2024 and 5.8% in 2025. Its 2024 earnings are expected to grow 9.4% and the same for 2025 is estimated to rise 12%. Clean Harbors' Earnings Surprise Positive CLH'searnings outpaced the Zacks Consensus Estimate in three of the past four quarters an ...

I I F ■ F Matteo Colombo Investment update Following my last publication on Clean Harbors, Inc. (NYSE:CLH) the stock is +36% to the upside and there's been several notable developments to the investment debate. Winding back to the original thesis, I was attracted to CLH for several reasons, namely: Top-down strategic allocation indicative of allocation to industrials given the attractive risk/reward fundamentals of the sector (it was poised to deliver ~16% of the coming 12 months' S&P 500 earnings growth, b ...

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It has been about a month since the last earnings report for Clean Harbors (CLH) . Shares have lost about 0.1% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Clean Harbors due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Clean Harbors' Q2 Earnings Beat Estimates ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Developed alongs ...

Clean Harbors, Inc. (CLH) reported impressive second-quarter 2024 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. The stock has lost 3.7% since the earnings release on Jul 31 despite better-than-expected earnings. CLH's earnings of $2.5 per share beat the Zacks Consensus Estimate by 11.3% and increased 15.5% from the year-ago quarter. Total revenues of $1.6 billion surpassed the consensus estimate by 1% and increased 11.1% on a year-over-year basis. The stock has gained 34.7% ...

Financial Data and Key Metrics Changes - The company achieved record revenue and adjusted EBITDA, with adjusted EBITDA of $328 million, up over $40 million year-over-year, and an adjusted EBITDA margin of 21.1%, an increase of 50 basis points year-on-year [15][19]. - Total revenues grew by more than $150 million year-over-year, with gross margin at 33.3%, a 110 basis point increase from the previous year [15][17]. - Net income was $133.3 million, resulting in earnings per share of $2.46, both up 15% from the prior year [16]. Business Line Data and Key Metrics Changes - Environmental Services (ES) segment revenue increased by 12%, with adjusted EBITDA up 18%, marking 11 consecutive quarters of year-over-year growth [6][20]. - Field Services saw a significant increase of 64%, primarily driven by the acquisition of HEPACO, contributing approximately $24 million in revenue from emergency response events [8][9]. - Safety-Kleen Environmental Services reported an 11% revenue growth, while Industrial Services revenue declined by 10% due to reduced turnaround activity [9]. Market Data and Key Metrics Changes - The company noted strong demand for its services across various markets, with record volumes of containerized waste and improved pricing in the lubricant market [5][10]. - The incineration pricing rose by 3% in the quarter, with expectations to continue outpacing inflation [37]. - Deferred revenue increased to $108 million, indicating strong future demand [38]. Company Strategy and Development Direction - The company is focused on capital allocation strategies to grow its core business, including investments in new facilities and smart acquisitions [12]. - The integration of HEPACO is progressing ahead of schedule, enhancing emergency response capabilities and driving additional EBITDA [47]. - The company aims to achieve a 30% margin in the Environmental Services segment by 2027, supported by operational efficiencies and increased capacity [27][28]. Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the second half of 2024, citing a strong backlog and project pipeline in Environmental Services [13][23]. - The company anticipates stable performance in the SKSS segment despite current market conditions, with ongoing initiatives to enhance product offerings [13][21]. - Management believes that regulatory changes will not significantly impact the PFAS opportunity, maintaining a steady demand for hazardous waste management services [54]. Other Important Information - The company raised its 2024 adjusted EBITDA guidance to a range of $1.125 billion to $1.165 billion, reflecting a 13% increase from 2023 [19][20]. - Cash provided from operations in Q2 was $216 million, with net CapEx expected to be in the range of $400 million to $430 million for the year [18][22]. Q&A Session Summary Question: What is driving the solid momentum in the hazardous waste market? - Management indicated that tightness in the hazardous waste industry and effective execution of growth strategies have contributed to the momentum [25][26]. Question: How aspirational is the 30% margin goal in Environmental Services? - Management believes the 30% margin goal is achievable, citing record margins and operational efficiencies [27][28]. Question: Can you provide details on the $24 million in emergency response revenue? - Management explained that this revenue came from several large-scale emergency response events, with some revenue expected to carry over into Q3 [29][30]. Question: What is the outlook for M&A opportunities? - Management noted a strong pipeline for both small and larger acquisitions, emphasizing a disciplined approach to ensure strategic and financial fit [33][34]. Question: How is the incineration pricing expected to trend? - Management expects continued price improvement despite the addition of new capacity, supported by strong demand and backlog [57].