NYSE$CLH
Clean Harbors Inc. · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Clean Harbors reported a solid fourth quarter, driven by Environmental Services, with increased revenues and Adjusted EBITDA.
Clean Harbors' Q4 2019 results showed revenue growth to $871.0 million, a 26% increase in income from operations to $52.3 million, and net income of $24.2 million, or $0.43 per diluted share. Adjusted EBITDA increased by 8% to $132.2 million. The company leveraged its disposal network, increased operating efficiencies, and captured project volumes.
- Fourth-quarter revenues increased to $871.0 million from $858.2 million in the same period of 2018.
- Income from operations grew 26% to $52.3 million.
- Adjusted EBITDA in the fourth quarter of 2019 increased 8% to $132.2 million.
- Incineration utilization climbed to 89% from 86% a year ago.
Headline financials
Revenue & EPS history
Clean Harbors · Revenue · Quarterly
$871M
Revenue by segment
Clean Harbors · $871M total across 2 segments · Q4 2019
- Environmental Services$615M—70.6%
- Safety-Kleen Sustainability$256M—29.4%
Forward guidance
Clean Harbors expects profitable growth in 2020, supported by industry trends and alignment of environmental solutions with customer objectives. For the first quarter, Clean Harbors expects Adjusted EBITDA to increase in line with the full year 2020 due to stable top-line growth, pricing gains and operational efficiencies.
Tailwinds
- Healthy backlog of waste streams in disposal facilities.
- Opportunities to drive high-value waste streams into the network.
- Capitalizing on the growth of the U.S. chemical and manufacturing sectors.
- Robust pipeline of remediation and waste projects.
- Continued growth in Safety-Kleen through core branch offerings, re-refinery network and direct lube sales program.
Headwinds
- Challenging environment for Safety-Kleen Oil due to base oil and blended pricing.
- Value of certain re-refining byproducts came under pressure.
- IMO 2020 longer-lasting and full effects will likely not be known for a few more months.
- Annual guidance assumes no incremental profitability from IMO 2020.
- Direct lube program still below internal targets.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2019
-0.8%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+2.6%
Avg return
30 days after
41%
28 / 68 earnings
Positive
+17.4%
Q3 2020
Best reaction
-14.3%
Q4 2013
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | -6.5% | -9.9% | |
| Q4 2025 | +2.7% | +4.4% | +2.5% | |
| Q3 2025 | -11.5% | -15.2% | -7.6% | |
| Q1 2025 | -0.1% | +4.1% | +5.9% | |
| Q4 2024 | -3.0% | -6.6% | -13.4% | |
| Q3 2024 | -12.2% | -9.8% | -1.3% | |
| Q2 2024 | +8.0% | +1.2% | +9.6% | |
| Q1 2024 | +8.5% | +12.2% | +14.3% | |
| Q4 2023 | -2.6% | -1.8% | +4.0% | |
| Q3 2023 | +0.9% | +0.5% | +8.6% | |
| Q2 2023 | +0.3% | +1.3% | +4.0% | |
| Q1 2023 | -6.5% | -6.4% | +3.3% | |
| Q4 2022 | +3.2% | +2.2% | +7.9% | |
| Q3 2022 | -8.0% | -8.3% | +2.1% | |
| Q2 2022 | +8.8% | +13.8% | +18.9% | |
| Q1 2022 | -6.7% | -12.6% | -6.3% | |
| Q4 2021 | -2.1% | +2.4% | +15.3% | |
| Q3 2021 | -10.0% | -8.3% | -16.3% | |
| Q2 2021 | +3.0% | +5.0% | +6.8% | |
| Q1 2021 | +5.7% | +6.0% | +6.2% | |
| Q4 2020 | +0.4% | +0.7% | +0.3% | |
| Q3 2020 | +17.4% | +25.6% | +36.2% | |
| Q2 2020 | +5.9% | +8.2% | -4.9% | |
| Q1 2020 | -5.1% | -8.8% | +5.5% | |
| Q4 2019 | -10.6% | -10.7% | -38.2% | |
| Q3 2019 | +5.1% | +6.1% | +5.4% | |
| Q2 2019 | +4.2% | +0.5% | +0.9% | |
| Q1 2019 | -6.1% | -6.4% | -15.6% | |
| Q4 2018 | +13.3% | +12.8% | +19.2% | |
| Q3 2018 | +1.0% | +0.6% | +1.4% | |
| Q2 2018 | +9.7% | +8.9% | +20.5% | |
| Q1 2018 | +12.7% | +13.6% | +18.1% | |
| Q4 2017 | -4.0% | +0.7% | -2.5% | |
| Q3 2017 | -0.2% | -0.3% | +0.4% | |
| Q2 2017 | -6.0% | -5.6% | -6.5% | |
| Q1 2017 | +2.0% | +2.5% | +1.2% | |
| Q4 2016 | +0.8% | +2.0% | -3.8% | |
| Q3 2016 | -4.1% | -3.7% | +16.6% | |
| Q2 2016 | -1.4% | -2.2% | -7.0% | |
| Q1 2016 | -5.2% | — | — | |
| Q4 2015 | -1.1% | — | — | |
| Q3 2015 | -5.4% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +8.7% | — | — | |
| Q3 2014 | -1.1% | — | — | |
| Q2 2014 | -0.5% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | -14.3% | — | — | |
| Q3 2013 | -6.8% | — | — | |
| Q2 2013 | -5.4% | — | — | |
| Q1 2013 | -7.5% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | -6.6% | — | — | |
| Q1 2012 | -5.6% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | -6.0% | — | — | |
| Q2 2011 | -2.5% | — | — | |
| Q1 2010 | +3.3% | — | — | |
| Q1 2011 | +0.2% | — | — | |
| Q4 2008 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2009 | +0.5% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q2 2010 | -1.9% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q2 2009 | -1.9% | — | — |
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