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Charah Solutions (CHRA)

With 30 years of experience, Charah® Solutions, Inc. is a leading provider of environmental services and byproduct sales to the power generation industry. Based in Louisville, Kentucky, Charah Solutions assists utilities with all aspects of managing and recycling ash byproducts generated from the combustion of coal in the production of electricity. The Company also designs and implements solutions for ash pond management and closure, landfill construction, fly ash sales, and structural fill projects. Charah Solutions is the partner of choice for solving customers' most complex environmental challenges, and as an industry leader in quality, safety, and compliance, the Company is committed to reducing greenhouse gas emissions for a cleaner energy future.

Company profile

Ticker
CHRA, CHRB
Exchange
Website
CEO
Scott A. Sewell
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Charah Sole Member LLC • Charah, LLC • Ash Management Services, LLC • Green Meadow, LLC • Ash Venture LLC • CV Ash, LLC • Charah Management LLC • SCB International Holdings, LLC • Mercury Capture Intellectual Property, LLC • SCB Trading, LLC ...

CHRA stock data

Calendar

19 Aug 22
1 Oct 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 7.07M 7.07M 7.07M 7.07M 7.07M 7.07M
Cash burn (monthly) 1.37M 917.5K 3.09M 991.42K 4.32M 4.77M
Cash used (since last report) 4.21M 2.82M 9.48M 3.04M 13.28M 14.66M
Cash remaining 2.86M 4.25M -2.41M 4.03M -6.21M -7.59M
Runway (months of cash) 2.1 4.6 -0.8 4.1 -1.4 -1.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Sep 22 Shannon Roger D Common Stock Buy Acquire P No No 2.85 2,500 7.13K 276,756
30 Aug 22 Sewell Scott Andrew Common Stock Buy Acquire P No No 2.4439 13,000 31.77K 735,789
28 Jun 22 Young Kenneth M Common Stock Grant Acquire A No No 0 26,667 0 26,667
28 Jun 22 Dennis Thomas Whalen Common Stock Grant Acquire A No No 0 26,667 0 46,469
28 Jun 22 Timothy Alan Simon Common Stock Grant Acquire A No No 0 26,667 0 29,078
13F holders Current Prev Q Change
Total holders 29 31 -6.5%
Opened positions 2 1 +100.0%
Closed positions 4 5 -20.0%
Increased positions 11 9 +22.2%
Reduced positions 8 11 -27.3%
13F shares Current Prev Q Change
Total value 195.2M 179.64M +8.7%
Total shares 40.87M 38.27M +6.8%
Total puts 0 0
Total calls 16.6K 0 NEW
Total put/call ratio
Largest owners Shares Value Change
Charah 24.32M $116.24M 0.0%
Portolan Capital Management 3.59M $17.92M +2.4%
RILY B. Riley Financial 2.89M $14.42M NEW
American Century Investment Management 2.53M $11.98M 0.0%
American Century Companies 2.31M $11.54M -0.8%
North Run Capital L P 1.67M $8.35M -21.7%
Cep 1.48M $4.4M 0.0%
Vanguard 606.05K $3.02M +22.3%
FMR 559.05K $2.79M +0.2%
SEIC SEI Investments 228.65K $1.14M +14.5%
Largest transactions Shares Bought/sold Change
RILY B. Riley Financial 2.89M +2.89M NEW
North Run Capital L P 1.67M -464.65K -21.7%
Vanguard 606.05K +110.47K +22.3%
Portolan Capital Management 3.59M +83.03K +2.4%
SEIC SEI Investments 228.65K +29K +14.5%
American Century Companies 2.31M -19.25K -0.8%
Two Sigma Advisers 34.7K -16.6K -32.4%
Susquehanna International 47.41K +15.81K +50.0%
Two Sigma Investments 13.13K -14.04K -51.7%
Millennium Management 0 -13.99K EXIT

Financial report summary

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Risks
  • A decline in the production of CCRs by our coal-fired utility industry customers due to environmental regulations or otherwise could negatively impact our profitability and hinder our growth.
  • The COVID-19 pandemic and any future major public health crisis could disrupt the Company's operations and adversely impact its business, results of operations and financial conditions.
  • Our business, financial condition and results of operations depend on the award of new contracts and the timing of the performance of these contracts.
  • We may lose existing contracts through competitive bidding or early termination.
  • We could be precluded from entering into or maintaining permits or certain contracts if we are unable to obtain sufficient third-party financial assurance or adequate insurance coverage.
  • Unsatisfactory service and safety performance may negatively affect our customer relationships and, to the extent we fail to retain existing customers or attract new customers, adversely impact our revenue.
  • Our ERT services will require us to acquire significant real property and assume liabilities that could adversely impact our future results.
  • The loss of a large customer may adversely affect our revenue and operating results.
  • We and our customers operate in industries subject to significant environmental regulation, and compliance with changes in, or liabilities under, such regulations could add significantly to the costs of conducting business.
  • Success by environmental groups in convincing the EPA to restrict beneficial uses of CCRs, or to regulate CCRs as hazardous waste, may have an adverse effect on our business.
  • We may be adversely affected by uncertainty in the global financial markets and the deterioration of our customers' financial condition. If any of our customers suffer financial difficulties affecting their credit risk, our operating results could be negatively impacted.
  • If we are unable to accurately estimate the overall risks, revenues or costs on our projects, we may incur contract losses or achieve lower profits than anticipated.
  • Increases in labor costs or our ability to find, employ and deploy technically skilled labor could impact our financial results.
  • Dependence on third-party subcontractors and equipment manufacturers could adversely affect our profits.
  • We service a significant portion of our contracts with our own construction equipment rather than leased or rented equipment. To the extent that we are unable to buy construction equipment necessary for our needs, either due to a lack of available funding or equipment shortages in the marketplace, we may be forced to rent equipment on a short-term basis, which could increase the costs of performing our contracts.
  • Supply chain issues, including shortages of equipment, vehicles and construction supplies, could increase our costs or cause delays in our ability to complete our projects, which could have an adverse impact on our business and our relationships with customers.
  • Our employees perform services that involve certain risks, including risks of accident, and a failure to maintain a safe work site could result in significant losses.
  • Our financial results may fluctuate from quarter to quarter due to seasonal weather patterns and other factors, making it difficult to predict our future performance.
  • We operate in a highly competitive industry and may not be able to compete effectively with larger and better-capitalized companies.
  • We rely on technology in our business, and any technology disruption or delay in implementing new technology could adversely affect our business, financial condition, results of operation and cash flows.
  • If we are unable to protect the confidentiality of our trade secrets fully, or if competitors are able to replicate our technology or services, we may suffer a loss in our competitive advantage or market share.
  • We may be unable to make attractive acquisitions, integrate acquired businesses successfully or successfully complete divestitures, and any inability to do so may disrupt our business and hinder our growth.
  • We are vulnerable to significant fluctuations in our liquidity or capital requirements that may vary substantially over time.
  • We may be unable to obtain or maintain sufficient bonding capacity, which could preclude us from bidding on certain projects.
  • Our substantial indebtedness could adversely affect our financial condition and prevent us from fulfilling our obligations.
  • Our variable rate indebtedness related to borrowings under our Asset-Based Lending Credit Agreement subjects us to interest rate risk, and the transition away from the London Interbank Offered Rate (“LIBOR”) could have an adverse impact on us.
  • We are subject to cyber security risks and interruptions or failures in our information technology systems. A cyber incident could occur and result in information theft, data corruption, operational disruption, and/or financial loss.
  • In the normal course of business, we may be subject to judicial, administrative, or other third-party proceedings that could materially and adversely affect our reputation, business, financial condition, results of operations, and liquidity.
  • Our stock's market price may be influenced by many factors, some of which are beyond our control.
  • The concentration of our capital stock will limit other stockholders’ ability to influence corporate matters.
  • BCP and its respective affiliates are not limited in their ability to compete with us, and the corporate opportunity provisions in our amended and restated certificate of incorporation could enable BCP to benefit from corporate opportunities that might otherwise be available to us.
  • We have engaged in transactions with our affiliates, and we may do so in the future. The terms of such transactions and the resolution of any conflicts that may arise may not always be in our or our stockholders’ best interests.
  • Our amended and restated certificate of incorporation and amended and restated bylaws, as well as Delaware law, contain provisions that could discourage acquisition bids or merger proposals, which may adversely affect the market price of our common stock.
  • Our amended and restated certificate of incorporation designates the Court of Chancery of the State of Delaware as the sole and exclusive forum for certain types of actions and proceedings that our stockholders may initiate, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, employees, or agents.
  • We do not intend to pay cash dividends on shares of our common stock. Consequently, your only opportunity to achieve a return on your investment is if our common stock price appreciates.
  • Shares eligible for future sale may cause our common stock's market price to drop significantly, even if our business is doing well.
  • On March 16, 2020, we issued $26.0 million in Preferred Stock to BCP, the terms of which could adversely affect the voting power or value of our common stock.
  • Taking advantage of the reduced disclosure requirements applicable to “emerging growth companies” may make our common stock less attractive to investors.
  • If securities or industry analysts do not publish research or reports about our business, if they adversely change their recommendations regarding our common stock, or our operating results do not meet their expectations, our stock price could decline.
  • We have identified a material weakness in our internal control over financial reporting. If we fail to remediate the material weakness, or if we experience additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial condition or results of operations, which may adversely affect investor confidence in us and, as a result, the value of our common stock.

Content analysis

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H.S. sophomore Avg
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Removed: advocacy, alleging, allocation, break, Brickhaven, capping, clay, cleaning, conform, deed, dismissed, distancing, employee, enhanced, exceeded, filed, geographic, groundwater, individual, lawsuit, mine, office, questionnaire, region, remain, resolved, sanitation, sanitizing, settled, shift, short, social, staggering, stop, support, trailer, unchanged