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- Crews honored Martin Luther King's service to the nation with a day of service of their own cleaning up neighborhoods around the Clean Harbors Laurel, Md., branch. Employees and community members came together once again on Jan. 16 to clear trash from areas in Laurel - a city located between Baltimore and Washington, D.C. Together, the crews picked up trash around local roads, businesses and…Type: News Article
- Following the acclaimed sponsorship of the youngest female driver to join the Bonneville 200 mph Club, Clean Harbors this winter will consider upping its skin in the famous Bonneville Speed Week games by providing oil to some of the world's fastest vehicles in 2017. In August, 18-year-old Kaylin Stewart earned her way into the prestigious Bonneville club after hitting 224 mph in a Dodge Ram.…Type: News Article
- "I believe a positive working relationship between small and large businesses is critical to the development of healthy, vibrant communities. By working together, small and large companies can learn from each other, benefit from each other, and provide the economic growth needed for communities to flourish. It is for this reason that I fully support the Clean Harbors Small Business Supplier…, Alan McKim, CEO and Chairman of the BoardType: Basic page
- If a vendor or supplier is identified as being a "small business", its small business status or classification must be identified. The various small business classifications are shown below., Small Disadvantaged Business, - a small business concern that represents, as part of its offer, that: It has received certification as a small disadvantaged business concern consistent with 13 CFR part 124, Subpart B; No material change in disadvantaged ownership and control has occurred since its certification; Where the concern is owned by one or more individuals, the net worth of each individual upon whom the…, Women-Owned Small Business, - a small business that is at least 51% owned by one or more women who are U.S. citizens; or, in the case of any publicly owned business, at least 51% of the stock of which is owned by one or more women; and whose management and daily business operations are controlled by one or more women., Veteran-Owned Small Business, - not less than 51% of which is owned by one or more veterans (as defined in 38 U.S.C. 10192) and one or more veterans control the management and daily business operations., Service Disabled Veteran-, Owned Small Business, - not less than 51% of which is owned by one or more service-disabled veterans and the management and daily business operations of which are controlled by one or more service-disabled veterans or, in the case of a veteran with permanent and severe disability, the spouse or permanent caregiver of such veteran. Service-disabled veteran means a veteran, as defined in 38 U.S.C 101(2), with a…, HUBZone, - a small business concern that appears on the List of Qualified HUBZone Small Business Concerns maintained by the Small Business Administration. As defined in the Federal Acquisition Regulation (FAR), HUBZone small businesses and small disadvantaged businesses (SDB) must be certified as HUBZone or SDB by the Small Business Administration (SBA) and appear in SBA's PRO-Net database . , Native American-Owned Small Business, - Indian organizations and Indian-owned economic enterprises. The following definitions apply to this business classification: "Indian" - any person who is a member of any Indian tribe, band, group, pueblo, or community that is recognized by the Federal Government as eligible for services from the Bureau of Indian Affairs (BIA) in accordance with 25 U.S.C. 1452(c) and any "Native" as defined in…, Black College or University, - includes both Historically Black Colleges or Universities and Minority Institutions: "Historically Black College or University (HBCU)" - an institution determined by the Secretary of Education to meet the requirements of 34 CFR 608.2. For the Department of Defense, the National Aeronautics and Space Administration, and the Coast Guard, the term also includes any nonprofit research institution…Type: Basic page
- The Small Business Administration (SBA) website is helpful in identifying potential vendors or suppliers of products or services. It also identifies those small business firms certified by the SBA as "Disadvantaged" or "HUBZone." All other small business classifications, such as Women-owned or Veteran-owned, only require a prospective vendor or supplier to identify the business as falling under…Type: Basic page
- Recognizing the convenience and cost savings of online data management, Clean Harbors offers free Online Services accounts to all of our environmental and waste management clients. The recordkeeping and reporting requirements associated with environmental management can be daunting. Clean Harbors Online Services help companies keep track of their waste management activities and simplify reporting…, Features include:, Create, view, edit and submit waste profiles Schedule a pickup of your drummed waste View and print waste tracking reports View and print certificates of disposal, including RCRA and TSCA waste View and print signed manifests View and print invoice images Create and manage your drum and lab pack inventory Print shipping documents, including shipping labels, packing lists and manifests View roll-…Type: Basic page
- Clean Harbors announced today the acquisition of Veolia's U.S. Industrial Cleaning division for $120 million. At the heart of the acquisition is 1,400 employees who will now help Clean Harbors significantly bolster industrial operations throughout the country. Working out of more than 60 locations, they specialize in industrial vacuuming, hydro-blasting, tank cleaning, chemical cleaning, total…Type: News Article
- Announces Revenues of $893.4 Million and EPS of $0.69 Achieves 8% Increase in Adjusted EBITDA to a Record $165.6 Million on Strong Emergency Response Contribution Posts Adjusted EBITDA Margin of 18.5% Reduces 2015 Adjusted EBITDA Guidance Due to Ongoing Headwinds Initiates $100 Million Cost Reduction Program for 2016 to Align With Market Conditions NORWELL, Mass.--(BUSINESS WIRE)--Nov. 4, 2015--…, Comments on the Third Quarter, “We generated nearly $145 million in emergency response work during the third quarter,” McKim said. “This sizeable emergency response revenue produced substantial growth in our Industrial and Field Services segment, which also benefited from an increase in turnaround activity at U.S. refineries. SK Environmental Services again contributed to our growth in profitability, posting a 30% increase…, Business Outlook and Financial Guidance, “The external challenges we are facing this year may be with us for some time,” McKim said. “As a result, we are taking aggressive action to reduce our operating expenses and realign our cost structure to succeed in an environment that has been materially changed by the low price of crude oil and resulting slowdown, particularly in Western Canada. While we are not providing specific 2016 guidance…, Non-GAAP 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). The Company believes that Adjusted EBITDA provides additional useful information to investors since the Company’s loan covenants are based upon levels of Adjusted EBITDA achieved. The…, For the Three Months Ended:, , For the Nine Months Ended:, , September 30, 2015, , September 30, 2014, , September 30, 2015, , September 30, 2014, Net income (loss) $40,228 $(93,337) $43,534 $(55,705) Accretion of environmental liabilities 2,577 2,642 7,795 7,975 Depreciation and amortization 69,060 70,049 205,189 205,480 Goodwill impairment charge — 123,414 31,992 123,414 Other expense (income) 139 (613) 390 (4,136) Interest expense, net 19,017…, For the Three Months Ended:, , For the Nine Months Ended:, Adjusted income from operations, , September 30, 2015, , September 30, 2014, , September 30, 2015, , September 30, 2014, Income (loss) from operations $ 93,970 $ (42,748) $ 162,030 $ 54,273 Goodwill impairment charge — 123,414 31,992 123,414 Adjusted income from operations $ 93,970 $ 80,666 $ 194,022 $177,687, Adjusted net income, Net income (loss) $ 40,228 $(93,337) $ 43,534 $(55,705) Goodwill impairment charge, net of tax — 120,750 31,992 120,750 Adjusted net income $ 40,228 $ 27,413 $ 75,526 $ 65,045, Adjusted earnings per share, Earnings (loss) per share $ 0.69 $(1.55) $ 0.74 $(0.92) Goodwill impairment charge, net of tax — 2.00 0.54 1.99 Adjusted earnings per share $ 0.69 $ 0.45 $ 1.28 $ 1.07, Adjusted EBITDA Guidance Reconciliation, An itemized reconciliation between projected net income and projected Adjusted EBITDA is as follows: , For the Year Ending, December 31, 2015, , Amount, (In millions) Projected GAAP net income $48 to $57 Adjustments: Accretion of environmental liabilities 11 to 10 Depreciation and amortization 274 to 270 Goodwill impairment charge 32 to 32 Interest expense, net 76 to 76 Provision for income taxes 66 to 69 Projected Adjusted EBITDA $507 to $…, , Adjusted EBITDA Guidance Reconciliation, An itemized reconciliation between projected net income and projected Adjusted EBITDA is as follows:, Conference Call Information, Clean Harbors will conduct a conference call for investors today at 9:00 a.m. (ET) to discuss the information contained in this press release. On the call, management will discuss Clean Harbors’ financial results, business outlook and growth strategy. Investors who wish to listen to the webcast and view the accompanying slides should visit the Investor Relations section of the Company’s website…, 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…, CLEAN HARBORS, INC. AND SUBSIDIARIES, , UNAUDITED CONSOLIDATED STATEMENTS OF INCOME, , (in thousands except per share amounts), , For the Three Months Ended:, , For the Nine Months Ended:, , September 30,, 2015, , September 30,, 2014, , September 30,, 2015, , September 30,, 2014, Revenues $893,366 $851,465 $2,562,093 $2,556,612 Cost of revenues (exclusive of items shown separately below) 634,646 598,407 1,833,841 1,831,076 Selling, general and administrative expenses 93,113 99,701 321,246 334,394 Accretion of environmental liabilities 2,577 2,642 7,795 7,975 Depreciation and…, CLEAN HARBORS, INC. AND SUBSIDIARIES, UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS, (in thousands), , September 30, 2015, , December 31, 2014, Current assets: Cash and cash equivalents $ 179,191 $ 246,879 Accounts receivable, net 600,283 557,131 Unbilled accounts receivable 41,562 40,775 Deferred costs 19,096 19,018 Inventories and supplies 150,255 168,663 Prepaid expenses and other current assets 44,880 57,435 Deferred tax assets 37,288 36,532 Total current assets 1,072,555 1,…, Supplemental Segment Data (in thousands), , For the Three Months Ended:, Revenue, , September 30, 2015, , September 30, 2014, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $253,069 $ 35,325 $288,394 $ 272,478 $ 40,924 $313,402 Industrial and Field Services 307,226 (7,286) 299,940 163,582 (9,205) 154,377 Kleen Performance Products 100,827 (23,750) 77,077 140,345 (52,606) 87,739 SK Environmental Services 171,832 (5,945) 165,887 170,980 21,212 192,192 Lodging Services 13,507 773 14,280…, For the Nine Months Ended:, Revenue, , September 30, 2015, , September 30, 2014, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, , Third Party, Revenues, , Intersegment, Revenues, (Expense), net, , Direct, Revenues, Technical Services $741,419 $110,923 $852,342 $ 766,057 $ 119,617 $ 885,674 Industrial and Field Services 807,423 (25,400) 782,023 510,696 (31,819) 478,877 Kleen Performance Products 296,738 (63,437) 233,301 413,282 (155,588) 257,694 SK Environmental Services 508,392 (26,326) 482,066 503,692 64,418 568,110 Lodging Services 68,782 2,026…, , 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 Nine Months Ended:, Adjusted EBITDA, , September 30, 2015, , September 30, 2014, , September 30, 2015, , September 30, 2014, Technical Services $79,048 $86,928 $219,257 $233,402 Industrial and Field Services 62,460 20,303 145,850 67,391 Kleen Performance Products 12,123 21,473 23,471 49,252 SK Environmental Services 40,096 30,853 108,540 84,985 Lodging Services 1,827 15,972 12,589 49,196 Oil and Gas Field Services 1,579 …Type: News Article
- 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