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- The Clean Harbors Global Capability Center has been honored for its outstanding customer service performance. Now in its 16th year, the Zinnov Awards have become a benchmark of excellence among GCCs that lead the way in innovation, impact and driving tangible global impact. This year, Clean Harbors was one of 20 organizations and leaders honored among a list of over 500 nominations. The Zinnov…Type: News Article
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- Clean Harbors today published its 2025 Sustainability Supplement, which provides annual data related to its 2024 environmental, social and governance efforts and an update on progress toward its sustainability goals. Clean Harbors recycled 1.9 million metric tons of materials in 2024, accomplishing its recycling goal far in advance of its 2030 target date. “Clean Harbors continues to provide our…Type: News Article
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- For years, PFAS (“forever chemicals”) have posed a growing public health and environmental concern. Found in firefighting foams, industrial products, water supplies, soils and more, PFAS compounds are difficult to destroy, resist degradation, and have been linked to cancer, immune system disruptions, and other serious health effects. With regulatory and community pressure mounting, the need for…, Key findings:, The incineration process was evaluated by stringent standards including, OTM-50, and, Method 0010 , and showed no detectable fluorinated emissions. Ambient air emissions from the process were, 2-8X lower than any state or federal limit., A broad range of PFAS compounds were tested, including AFFF (aqueous film-forming foam) concentrate, PFOA, PFOS, PFBA, PFDA, PFHxA, PFHxS, and “GenX” (HFPO-DA), among others., Third-party experts reviewed the data independently , –, , Dr. Melvin Keener (CRWI) and Dr. Jens Blotevogel (CSIRO) both affirmed the study’s findings. , Why this matters:, This study represents a milestone in PFAS remediation for several reasons: Many prior methods promised degradation, containment, or filtration, but few at scale with this level of measurement and third-party validation. For communities, industries and regulators, proof of permanent destruction rather than long-term containment or recycling means compliance pathways that reduce risk and worry.…, Bottom line:, Clean Harbors’ joint study with the EPA and DoD provides the strongest evidence yet that PFAS can be safely, effectively and permanently destroyed. For industries grappling with PFAS liability, for communities demanding removal, and for regulatory bodies seeking enforceable solutions, this is the breakthrough many have been waiting for. Read the press release here . Download the EPA report here .Type: News Article
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- 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