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Clean Harbors (CLH)

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
CEO
Alan McKim
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Analyst ratings and price targets

Last 3 months
Current price
Average target
$127.50
Low target
$120.00
High target
$135.00
Raymond James
Maintains
Strong Buy
$135.00
6 May 22
Goldman Sachs
Upgraded
Neutral
$120.00
5 Apr 22

Calendar

4 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 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) 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

Beta Read what these cash burn values mean

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
13F holders Current Prev Q Change
Total holders 680 664 +2.4%
Opened positions 95 99 -4.0%
Closed positions 79 65 +21.5%
Increased positions 266 209 +27.3%
Reduced positions 223 254 -12.2%
13F shares Current Prev Q Change
Total value 17.7B 17.68B +0.1%
Total shares 230.39M 231.03M -0.3%
Total puts 689.8K 589.7K +17.0%
Total calls 1.08M 973.7K +11.1%
Total put/call ratio 0.6 0.6 +5.3%
Largest owners Shares Value Change
TROW T. Rowe Price 43.11M $3.31B +4.4%
Vanguard 27.88M $2.14B +1.4%
BLK Blackrock 21.81M $1.68B -0.3%
STT State Street 11.43M $877.79M +0.8%
FMR 6.64M $509.94M -26.4%
Geode Capital Management 5.07M $388.55M -12.5%
Wellington Management 4.64M $356.25M -25.9%
Parnassus Investments 4.27M $328.01M 0.0%
JPM JPMorgan Chase & Co. 3.42M $263.04M +29.6%
BNP Paribas Asset Management Holding 3.09M $237.03M -10.7%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -2.47M EXIT
FMR 6.64M -2.38M -26.4%
MCQEF Macquarie 1.92M +1.91M +16105.6%
TROW T. Rowe Price 43.11M +1.81M +4.4%
Wellington Management 4.64M -1.62M -25.9%
Avidity Partners Management 0 -1.06M EXIT
Sound Shore Management 1.04M +1.04M NEW
Arrowstreet Capital, Limited Partnership 1.9M +995.85K +110.6%
Millennium Management 372.37K -967.31K -72.2%
Citadel Advisors 0 -813.21K EXIT

Financial report summary

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Risks
  • 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

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