Over a month ago |
Earnings
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Reports Q1 revenue… Reports Q1 revenue $$1.31B , consensus $$1.25B. "We opened 2023 with a strong first-quarter performance led by our Environmental Services segment," said Mike Battles and Eric Gerstenberg, Co-Chief Executive Officers. "We delivered 12% top-line growth that translated to a 19% increase in Adjusted EBITDA. As a result, our Adjusted EBITDA margin grew by 110 basis points from the same period in 2022. The quarter's profitable growth in the Environmental Services segment more than offset a decrease in the profitability of our Safety-Kleen Sustainability Solutions segment. In addition, we posted the best first-quarter safety results in our history, registering a Total Recordable Incident Rate (TRIR) of 0.61. Our team members did a phenomenal job embracing the 'Safety Starts with Me' mindset on the job every day." ShowHide Related Items >><< - 03/29/23
- Clean Harbors: With Organic growth only model sees FY27 adjusted EBITDA $1.4B
- 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 04/17/23 Truist
- Clean Harbors initiated with Buy on 'competitive moat' at Truist
- 04/17/23 Truist
- Clean Harbors initiated with a Buy at Truist
- 03/30/23 Needham
- Clean Harbors price target raised to $150 from $146 at Needham
- 03/30/23 Oppenheimer
- Clean Harbors price target raised to $151 from $145 at Oppenheimer
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
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Initiation
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Truist initiated coverage… Truist initiated coverage of Clean Harbors with a Buy rating and $165 price target. Clean Harbors is the leading hazardous waste and oil re-refining company in the U.S., the analyst tells investors in a research note. The firm says the company should be a primary beneficiary of increased funding for environmental and infrastructure programs. In addition, Clean Harbors should see structural margin gains in Safety-Kleen Oil and continued above-trend pricing increases in environmental services. Truist believes investors underappreciate the "competitive moat" of the company's asset base. ShowHide Related Items >><< - $143.25 /
-0.275 (-0.19%) - 03/29/23
- Clean Harbors: With Organic growth only model sees FY27 adjusted EBITDA $1.4B
- 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- $143.25 /
-0.275 (-0.19%) - 04/17/23 Truist
- Clean Harbors initiated with a Buy at Truist
- 03/30/23 Needham
- Clean Harbors price target raised to $150 from $146 at Needham
- 03/30/23 Oppenheimer
- Clean Harbors price target raised to $151 from $145 at Oppenheimer
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- $143.25 /
-0.275 (-0.19%) - 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- $143.25 /
-0.275 (-0.19%) - 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
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Initiation
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Truist analyst Tobey… Truist analyst Tobey Sommer initiated coverage of Clean Harbors with a Buy rating and $165 price target. ShowHide Related Items >><< - 03/29/23
- Clean Harbors: With Organic growth only model sees FY27 adjusted EBITDA $1.4B
- 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 03/30/23 Needham
- Clean Harbors price target raised to $150 from $146 at Needham
- 03/30/23 Oppenheimer
- Clean Harbors price target raised to $151 from $145 at Oppenheimer
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
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Recommendations
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Needham analyst James… Needham analyst James Ricchiuti raised the firm's price target on Clean Harbors to $150 from $146 and keeps a Buy rating on the shares. The company's first investor day presentation in nearly 10 years was upbeat on both the near-term and long-term prospects, the analyst tells investors in a research note. With its wide market reach spanning 55 different business lines at present, management sees ample opportunities for M&A, ranging from bolt-on acquisitions over the next 1-2 years to chunkier deals, the firm adds. ShowHide Related Items >><< - 03/29/23
- Clean Harbors: With Organic growth only model sees FY27 adjusted EBITDA $1.4B
- 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 03/30/23 Oppenheimer
- Clean Harbors price target raised to $151 from $145 at Oppenheimer
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/02/23 Oppenheimer
- Clean Harbors price target raised to $145 from $135 at Oppenheimer
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
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Recommendations
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Oppenheimer analyst Noah… Oppenheimer analyst Noah Kaye raised the firm's price target on Clean Harbors to $151 from $145 and keeps an Outperform rating on the shares after the company presented five-year organic and M&A scenario outlooks at its first investor day since 2013 while providing insights into market structures, M&A opportunities, and demand trends across business lines. The leadership transition, multiple years into operationalization, should support strategic continuity, the firm says. While Oppenheimer believes investors may read long-term targets as conservative, doubling free cash flow organically over five years through EBITDA growth and decreasing capital intensity screen as compelling. ShowHide Related Items >><< - 03/29/23
- Clean Harbors: With Organic growth only model sees FY27 adjusted EBITDA $1.4B
- 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/02/23 Oppenheimer
- Clean Harbors price target raised to $145 from $135 at Oppenheimer
- 11/03/22 UBS
- Clean Harbors downgraded to Neutral from Buy at UBS
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
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Hot Stocks
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Clean Harbors will unveil… Clean Harbors will unveil "Vision 2027," the Company's long-term growth strategy, during its 2023 Investor Day in Chicago. The event will feature presentations by several members of its executive leadership. The team will discuss the Company's strategic priorities and disciplined capital allocation strategy, provide an in-depth review of core businesses and corporate functions and introduce Clean Harbors' long-term financial targets. "Driven by our commitment to achieving a superior return on invested capital, our five-year targets for Adjusted EBITDA and adjusted free cash flow are expected to build on our original mission," said co-CEO Mike Battles. "We believe that these new anticipated milestones within our Vision 2027 reflect the significant growth potential of our businesses and the long-term stability of our markets. Today's speakers will also highlight the multiple industry tailwinds we see for our Company in the coming years, including reshoring, regulations and the shift toward sustainable solutions. These market dynamics will underpin the next exciting phase of the Company's growth that will consist of a combination of organic growth and acquisitions, which has been Clean Harbors' formula for success throughout its long history." Clean Harbors' five-year financial targets include: An organic growth only model that we expect will generate 2027 Adjusted EBITDA* of ~$1.4B and adjusted free cash flow* of ~$600M. A model combining both organic growth and acquisitions that we expect will generate 2027 Adjusted EBITDA* of ~$2B and adjusted free cash flow* of ~$800M. Assumptions associated with both models include: Expected revenue growth that is 100-300 basis points above U.S. GDP, and Expected adjusted EBITDA* growth that is 200-300 basis points above revenue growth. For the organic growth only model, the Company assumes no acquisitions completed over the five-year period resulting in a significant cash build. ShowHide Related Items >><< - 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 11/02/22
- Clean Harbors sees FY22 adjusted EBITDA $1.01B-$1.03B
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/02/23 Oppenheimer
- Clean Harbors price target raised to $145 from $135 at Oppenheimer
- 11/03/22 UBS
- Clean Harbors downgraded to Neutral from Buy at UBS
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
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Conference/Events
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Virtual Investor Day to… Virtual Investor Day to be held on March 29 at 9 am. Webcast Link ShowHide Related Items >><< - 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 11/02/22
- Clean Harbors sees FY22 adjusted EBITDA $1.01B-$1.03B
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/02/23 Oppenheimer
- Clean Harbors price target raised to $145 from $135 at Oppenheimer
- 11/03/22 UBS
- Clean Harbors downgraded to Neutral from Buy at UBS
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
|
Conference/Events
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Virtual Investor Day to… Virtual Investor Day to be held on March 29 at 9 am. Webcast Link ShowHide Related Items >><< - 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 11/02/22
- Clean Harbors sees FY22 adjusted EBITDA $1.01B-$1.03B
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/02/23 Oppenheimer
- Clean Harbors price target raised to $145 from $135 at Oppenheimer
- 11/03/22 UBS
- Clean Harbors downgraded to Neutral from Buy at UBS
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
|
Conference/Events
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Virtual Investor Day to… Virtual Investor Day to be held on March 29 at 9 am. Webcast Link ShowHide Related Items >><< - 03/01/23
- Clean Harbors appoints Eric Dugas as EVP and CFO
- 12/22/22
- COO of Clean Harbors Gerstenberg sells over $1.9M in company shares
- 11/02/22
- Clean Harbors appoints COO Eric Gerstenberg, CFO Michael Battles as co-CEOs
- 11/02/22
- Clean Harbors sees FY22 adjusted EBITDA $1.01B-$1.03B
- 03/05/23 Raymond James
- Clean Harbors price target raised to $155 from $150 at Raymond James
- 03/02/23 BMO Capital
- Clean Harbors price target raised to $154 from $132 at BMO Capital
- 03/02/23 Oppenheimer
- Clean Harbors price target raised to $145 from $135 at Oppenheimer
- 11/03/22 UBS
- Clean Harbors downgraded to Neutral from Buy at UBS
- 03/01/23
- Clean Harbors sees FY23 adjusted EBITDA $1.01B-$1.05B
- 03/01/23
- Clean Harbors reports Q EPS $1.44, consensus $1.36
- 11/02/22
- Clean Harbors reports Q3 adjusted EPS $2.43, consensus $2.11
- 01/03/23
- Fly Insider: Terns Pharma, Best Buy among week's notable insider trades
|