Clean Harbors is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India.

Company profile
Ticker
CLH
Exchange
Website
CEO
Alan McKim
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Ace/Allwaste Environmental Services of Indiana, LLC • Altair Disposal Services, LLC • Aquilex Finance LLC • Aquilex Intermediate Corporate Holdings LLC • Aquilex Intermediate Holdings LLC • Aquilex LLC • Baton Rouge Disposal, LLC • Bridgeport Disposal, LLC • CARBER Holdings, Inc. • Car-Ber Investments Inc. ...
IRS number
42997780
CLH stock data
News

Looking Into Clean Harbors's Return On Invested Capital
18 May 22
Raymond James Maintains Strong Buy on Clean Harbors, Raises Price Target to $135
6 May 22
Clean Harbors: Q1 Earnings Insights
4 May 22
Clean Harbors Q1 EPS $0.83 Beats $0.73 Estimate, Sales $1.17B Beat $1.07B Estimate
4 May 22
Earnings Scheduled For May 4, 2022
4 May 22
Press releases
Safety-Kleen Introduces KLEEN+ Brand of Base Oils – a Revolutionary Combination of Sustainability and Superior Quality
3 Jun 22
Clean Harbors to Participate in Upcoming Investor Conferences
25 May 22
Clean Harbors Announces First-Quarter 2022 Financial Results
4 May 22
Clean Harbors to Participate in Stifel 2022 Investor Summit at WasteExpo
28 Apr 22
Analyst ratings and price targets
Current price
Average target
$127.50
Low target
$120.00
High target
$135.00
Raymond James
Maintains
$135.00
Goldman Sachs
Upgraded
$120.00
Calendar
4 May 22
2 Jul 22
31 Dec 22
Financial summary
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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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) | 339.58M | 339.58M | 339.58M | 339.58M | 339.58M | 339.58M |
Cash burn (monthly) | 37.66M | 13.07M | (no burn) | (no burn) | 12.88M | (no burn) |
Cash used (since last report) | 115.46M | 40.06M | n/a | n/a | 39.47M | n/a |
Cash remaining | 224.13M | 299.53M | n/a | n/a | 300.11M | n/a |
Runway (months of cash) | 6.0 | 22.9 | n/a | n/a | 23.3 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
27 Jun 22 | Mckim Alan S | Common Stock | Gift | Dispose G | Yes | No | 0 | 58,197 | 0 | 0 |
1 Jun 22 | Dugas Eric J. | Common Stock | Grant | Acquire A | No | No | 0 | 5,000 | 0 | 30,385 |
25 May 22 | Willett Robert | Common Stock | Grant | Acquire A | No | No | 0 | 1,849 | 0 | 6,603 |
25 May 22 | Welch John R. | Common Stock | Grant | Acquire A | No | No | 0 | 1,849 | 0 | 12,279 |
25 May 22 | States Lauren | Common Stock | Grant | Acquire A | No | No | 0 | 1,849 | 0 | 13,881 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 680 |
Opened positions | 95 |
Closed positions | 79 |
Increased positions | 266 |
Reduced positions | 223 |
13F shares | Current |
---|---|
Total value | 17.7B |
Total shares | 230.39M |
Total puts | 689.8K |
Total calls | 1.08M |
Total put/call ratio | 0.6 |
Largest owners | Shares | Value |
---|---|---|
TROW T. Rowe Price | 43.11M | $3.31B |
Vanguard | 27.88M | $2.14B |
BLK Blackrock | 21.81M | $1.68B |
STT State Street | 11.43M | $877.79M |
FMR | 6.64M | $509.94M |
Geode Capital Management | 5.07M | $388.55M |
Wellington Management | 4.64M | $356.25M |
Parnassus Investments | 4.27M | $328.01M |
JPM JPMorgan Chase & Co. | 3.42M | $263.04M |
BNP Paribas Asset Management Holding | 3.09M | $237.03M |
Financial report summary
?Competition
Harsco • US Ecology • Stericycle • Vertex Energy • Waste Connections • Heritage-Crystal Clean • Nuverra Environmental Solutions • Strategic Environmental & Energy Resources • International • NRCRisks
- Our businesses are subject to operational and safety risks.
- Our operations are increasingly dependent upon technology. Failure of these technologies, failure to upgrade or innovate these technologies or failure to identify and develop new technologies could have an adverse impact on our results.
- A cyber security incident could negatively impact our business and our relationships with customers.
- Natural disasters or other catastrophic events, including pandemics and their residual macroeconomic effects, could negatively affect our business, financial condition and results of operations.
- Our growth and success are dependent upon our people. If we lose key personnel and are unable to hire additional qualified personnel in a timely manner, our business may be harmed. A change or deterioration in our relations with our employees could have a materially adverse effect on our business, financial condition and results of operations.
- The hazardous waste management business is subject to significant environmental liabilities.
- The hazardous waste management industry is subject to significant economic and business risks.
- A significant portion of our business depends upon the demand for cleanup of major spills and other remedial projects and regulatory developments over which we have no control.
- Reductions in the demand for oil products and automotive services in the markets we serve may negatively affect certain of our businesses.
- Our businesses are subject to numerous statutory and regulatory requirements, which may increase in the future.
- The extensive environmental regulations to which we are subject may increase our costs and potential liabilities and limit our ability to operate and expand our facilities.
- Environmental laws and regulations have adversely affected and may adversely affect parts cleaning and other solvent related services.
- We are subject to existing and potential product liability lawsuits relating to the parts washer services.
- Failure to correctly identify strategic acquisitions and divestitures could adversely impact our future results.
- If we are unable to successfully integrate the business and operations of HydroChemPSC and realize synergies in the expected time frame, our future results could be adversely affected.
- Our acquisition of HydroChemPSC and any future acquisitions of companies may expose us to unknown liabilities.
- If we become unable to obtain, at reasonable cost, the insurance, surety bonds, letters of credit and other forms of financial assurance required for our facilities and operations, our business and results of operations would be adversely affected.
- Our insurance coverage and self-insurance reserves may be inadequate to cover all significant risk exposures, and increasing costs to maintain adequate coverage may significantly impact our financial condition and results of operations.
- If our assumptions relating to expansion of our landfills should prove inaccurate, our results of operations and cash flow could be adversely affected.
- Tax interpretations and changes in tax regulations and legislation could adversely affect our results of operations.
- Fluctuations in foreign currency exchange could affect our financial results.
- Certain adverse conditions have required, and future conditions might require, us to make substantial write-downs in our assets, which have adversely affected or would adversely affect our balance sheet and results of operations.
- Our substantial levels of outstanding debt and letters of credit could adversely affect our financial condition and ability to fulfill our obligations.
- Despite our substantial levels of outstanding debt and letters of credit, we could incur substantially more debt and letter of credit obligations in the future.
- The covenants in our debt agreements restrict our ability to operate our business and might lead to a default under our debt agreements.
- The Massachusetts Business Corporation Act and our By-Laws contain certain anti-takeover provisions.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
arriving, assigned, breakup, called, captive, contemplate, contemplated, counterparty, coupled, designated, designed, detection, enabling, encompassed, estate, evidence, excavation, fewer, flat, forecasted, forma, fourth, geography, human, hydro, iii, iv, July, leak, licensed, mirror, pigging, pro, put, real, reconciled, repair, senior, slightly, standby, successor, sunsetting, throughput, unsecured, wholly
Removed:
accepted, add, added, adequate, Aid, allocating, analyze, announced, annually, approach, April, area, ASC, assessing, assessment, beneficial, Canada, combined, Concurrently, conform, consisting, covenant, determined, disaggregate, disinfecting, dollar, eligibility, eliminated, enhanced, exclude, fluctuation, foster, geographical, group, impacting, impairment, intercompany, lesser, lifting, managerial, marketing, match, negatively, newly, nonrecurring, northeast, organizational, peer, portfolio, positively, preliminary, quantity, reallocate, reallocation, reassessed, recast, reduced, reduction, reevaluated, refinance, refinery, reorganization, reorganized, restructuring, retention, reviewed, reviewing, sale, small, Subsidy, test, transaction, travel, uncertain, unchanged, underlying, undertook, vaccination, widespread
Financial reports
Current reports
8-K
Submission of Matters to a Vote of Security Holders
25 May 22
8-K
Clean Harbors Announces First-Quarter 2022 Financial Results
4 May 22
8-K
Amendments to Articles of Incorporation or Bylaws
16 Mar 22
8-K
Clean Harbors Announces Fourth-Quarter and Full-Year 2021 Financial Results
23 Feb 22
8-K
Clean Harbors Announces Third-Quarter 2021 Financial Results
3 Nov 21
8-K
Entry into a Material Definitive Agreement
12 Oct 21
8-K
Clean Harbors Appoints Marcy Reed to Board of Directors
10 Sep 21
8-K
Clean Harbors to Acquire HydroChemPSC for $1.25 Billion
4 Aug 21
8-K
Clean Harbors Announces Second-Quarter 2021 Financial Results
4 Aug 21
8-K
Departure of Directors or Certain Officers
2 Jun 21
Registration and prospectus
S-8
Registration of securities for employees
3 Jun 20
424B3
Prospectus supplement
18 May 16
424B3
Prospectus supplement
14 Apr 13
S-4
Registration of securities issued in business combination transactions
2 Apr 13
424B2
Prospectus for primary offering
27 Nov 12
424B5
Prospectus supplement for primary offering
25 Nov 12
S-3ASR
Automatic shelf registration
25 Nov 12
424B3
Prospectus supplement
15 Oct 12
S-4/A
Registration of securities issued in business combination transactions (amended)
10 Oct 12
Proxies
DEFA14A
Additional proxy soliciting materials
14 Apr 22
DEFA14A
Additional proxy soliciting materials
28 Apr 21
PRE 14A
Preliminary proxy
13 Apr 21
DEFA14A
Additional proxy soliciting materials
24 Apr 20
DEFA14A
Additional proxy soliciting materials
24 Apr 19
DEF 14A
Definitive proxy
24 Apr 19
DEFA14A
Additional proxy soliciting materials
25 Apr 18
Other
EFFECT
Notice of effectiveness
18 May 16
CORRESP
Correspondence with SEC
15 May 16
CORRESP
Correspondence with SEC
15 May 16
UPLOAD
Letter from SEC
15 May 16
UPLOAD
Letter from SEC
1 Jun 15
CORRESP
Correspondence with SEC
18 May 15
UPLOAD
Letter from SEC
10 May 15
EFFECT
Notice of effectiveness
14 Apr 13
UPLOAD
Letter from SEC
12 Mar 13
CORRESP
Correspondence with SEC
28 Feb 13
Ownership
4
CLEAN HARBORS / ALAN S MCKIM ownership change
29 Jun 22
4
CLEAN HARBORS / Eric J. Dugas ownership change
1 Jun 22
4
CLEAN HARBORS / EUGENE G BANUCCI ownership change
26 May 22
4
CLEAN HARBORS / THOMAS J SHIELDS ownership change
26 May 22
4
CLEAN HARBORS / JOHN T PRESTON ownership change
26 May 22
4
CLEAN HARBORS / Marcy L. Reed ownership change
26 May 22
4
CLEAN HARBORS / EDWARD G GALANTE ownership change
26 May 22
4
CLEAN HARBORS / Andrea Robertson ownership change
26 May 22
4
CLEAN HARBORS / Lauren States ownership change
26 May 22
4
CLEAN HARBORS / John R. Welch ownership change
26 May 22
Transcripts
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
23 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
9 May 21
2020 Q4
Earnings call transcript
24 Feb 21
2020 Q3
Earnings call transcript
4 Nov 20
2020 Q2
Earnings call transcript
5 Aug 20
2020 Q1
Earnings call transcript
29 Apr 20
2019 Q4
Earnings call transcript
26 Feb 20
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