The following table reconciles third-party revenues to direct revenues for the three months ended March 31, 2023 and 2022 (in thousands): For the Three Months Ended For the Three Months Ended Table of Contents Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such ...

Clean Harbors, Inc. (NYSE:CLH) Q4 2022 Earnings Conference Call March 1, 2023 9:00 AM ET Company Participants Michael McDonald – General Counsel Alan McKim – Chairman, President and Chief Executive Officer Eric Gerstenberg – President and Chief Operating Officer Mike Battles – Executive Vice President and Chief Financial Officer Conference Call Participants Michael Hoffman – Stifel Noah Kaye – Oppenheimer Quinn Fredrickson – Baird Adam Bubes – Goldman Sachs Jim Ricchiuti – Needham Operator Greetings, and w ...

Fourth-Quarter and Full-Year 2022 Investor Review Forward Looking Statements and GAAP Disclaimer Statement Regarding use of Non-GAAP Measures: Adjusted EBITDA consists of net income (loss) plus accretion of environmental liabilities, stock-based compensation, depreciation and amortization, net interest expense, loss on early extinguishment of debt, provision for income taxes and excludes other gains, losses and non-cash charges not deemed representative of fundamental segment results and other (income) expe ...

Financial Performance - Total third-party revenues for the year ended December 31, 2022, were $5,166.605 million, with $4,144.973 million from Environmental Services and $1,021.125 million from Safety-Kleen Sustainability Solutions [744]. - Pro forma combined revenues for 2021 were $4,380.724 million, with a net income of $229.807 million, indicating growth from the previous year [757]. - Total third-party revenues for the year ended December 31, 2020, were $3,144.1 million, with $2,637.6 million from the United States and $404.5 million from Canada [776]. - The company recognized a gain on the sale of a business amounting to $8.9 million for the year ended December 31, 2022, after accounting for the assets sold and transaction costs [819]. Debt and Interest Rates - The effective annual interest rate on the $350.0 million 2024 Term Loans is 4.67%, combining a 2.92% rate from interest rate swaps and a 1.75% margin [631]. - The company has total borrowings of $545.0 million in senior unsecured notes with fixed interest rates of 4.875% and 5.125% due in 2027 and 2029, respectively [660]. - The company estimates that a 100 basis point change in the average interest rate on its total variable rate debt of $504.0 million would change its average annual interest expense by approximately $5.8 million [662]. - The 2028 Term Loans had an outstanding principal amount of $990.0 million as of December 31, 2022, with interest rates based on either the Eurodollar Rate plus 2.00% or the Base Rate plus 1.00% [807]. Acquisitions and Goodwill - The company acquired a privately-owned business for $22.8 million, recognizing $16.3 million in goodwill, enhancing its Safety-Kleen Sustainability Solutions segment [646]. - The company finalized the purchase accounting for the acquisition of HydroChemPSC, with total identifiable net assets valued at $46.863 million and goodwill of $32.015 million [752]. - The Company signed a purchase agreement on February 9, 2023, to acquire a privately-owned company for approximately $100.0 million, aimed at expanding its Environmental Services segment in the southeastern United States [781]. - Goodwill of $676.7 million was assigned to the Environmental Sales and Service reporting unit following the acquisition of HydroChemPSC, reflecting future economic benefits and synergies [784]. - Goodwill decreased to $676,701 thousand as of December 31, 2022, from $683,463 thousand in 2021, representing a decline of about 0.11% [815]. Environmental and Remedial Liabilities - The balance of landfill final closure and post-closure liabilities increased from $53.4 million in 2021 to $62.3 million in 2022, reflecting a significant financial commitment to environmental compliance [665]. - Remedial liabilities at December 31, 2022, were $116.3 million, compared to $111.9 million in 2021, indicating ongoing costs related to environmental cleanup and compliance [725]. - The Company uses a discount rate range of 1.37% to 4.90% for determining the present value of remedial liabilities, indicating a conservative approach to estimating future obligations [698]. - The balance of non-landfill closure and post-closure liabilities increased to $56.6 million as of December 31, 2022, up from $45.7 million in 2021, reflecting the costs associated with dismantling and decontaminating structures [722]. Revenue Recognition and Accounts Receivable - The Company recognizes revenue primarily from services based on time and materials, with significant revenue generated from short-term projects governed by long-term master service agreements [738]. - The company established a revenue allowance to cover estimated variable consideration, with no material changes in estimates reported during the periods presented [778]. - Accounts receivable as of December 31, 2022, were reported at $964.603 million, an increase from $792.734 million in 2021 [746]. - Contract assets (unbilled receivables) increased to $107.010 million from $94.963 million year-over-year [746]. - Contract liabilities (deferred revenue) rose to $94.094 million compared to $83.749 million in the previous year [746]. Capital Expenditures and Assets - The Company reported a total property, plant, and equipment net value of $1,980.3 million as of December 31, 2022, up from $1,863.2 million in 2021 [792]. - The company reported total inventories and supplies of $324,994 thousand as of December 31, 2022, up from $250,692 thousand in 2021, marking a significant increase of approximately 29.6% [821]. - The company’s capitalized software and computer equipment have an estimated useful life of 3-5 years, reflecting the depreciation strategy for technology assets [684]. - The company utilizes the units-of-consumption method for amortizing landfill assets, which includes future estimated construction and asset retirement costs [690]. Other Financial Metrics - The company recorded a revenue allowance of $24.659 million at the end of 2022, up from $24.136 million in 2021, indicating an increase in anticipated revenue adjustments [680]. - The total cash equivalents reported were $34.008 million, while total marketable securities amounted to $62.033 million, leading to a total of $96.041 million in liquid assets [677]. - The Company contributed $25.3 million to defined contribution plans in 2022, up from $20.5 million in 2021 and $18.6 million in 2020, reflecting increased employee participation [730]. - The company recognized $2.5 million in goodwill from the acquisition of a privately-owned business for $12.4 million, expanding its Safety-Kleen Sustainability Solutions segment [814].

Clean Harbors, Inc. (NYSE:CLH) Q3 2022 Earnings Conference Call November 2, 2022 9:00 AM ET Company Participants Michael McDonald - General Counsel Alan McKim - Founder, Chairman, President & CEO Michael Battles - EVP & CFO Eric Gerstenberg - COO Conference Call Participants Tyler Brown - Raymond James Michael Hoffman - Stifel Jerry Revich - Goldman Sachs David Manthey - Baird James Ricchiuti - Needham & Company Noah Kaye - Oppenheimer Pete Lucas - CJS Securities Zane Karimi - D.A. Davidson Scott Levine - B ...

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 par value CLH New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED SEPTEMBER 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION ...

Clean Harbors, Inc. (NYSE:CLH) Q2 2022 Earnings Conference Call August 3, 2022 9:00 AM ET Company Participants Michael McDonald - General Counsel Alan McKim - Founder, Chairman, President & CEO Michael Battles - EVP & CFO Eric Gerstenberg - COO Conference Call Participants Noah Kaye - Oppenheimer Patrick Brown - Raymond James & Associates Lawrence Solow - CJS Securities Zane Karimi - D.A. Davidson & Co. Michael Hoffman - Stifel, Nicolaus & Company David Manthey - Robert W. Baird & Co. James Ricchiuti - Need ...

Q2 2022 Performance Highlights - Revenue reached $1.36 billion, a 46% year-over-year increase, driven by the addition of HPC, organic growth, and pricing adjustments to offset inflation[5] - Adjusted EBITDA increased by 65% to $309.1 million, with an Adjusted EBITDA margin of 22.8%[5] - GAAP EPS was $2.71, and Adjusted EPS was $2.44[5] - Adjusted free cash flow was $94.6 million, compared to $114.6 million in Q2 2021[5] Segment Performance - Environmental Services segment experienced strong demand across its disposal network and service businesses, including contributions from HPC[5] - Safety-Kleen Sustainability Solutions segment achieved record performance due to effective base oil spread management and favorable market pricing dynamics, with revenue of $265.5 million, a 31% increase from Q2 2021's $202.3 million[5, 9] - Safety-Kleen Sustainability Solutions segment Adjusted EBITDA increased by 53% to $97.0 million from $63.3 million in Q2 2021[9] Financial Position - Cash and short-term marketable securities totaled $415.4 million as of June 30, 2022[13] - Current and long-term debt amounted to $2.5285 billion as of June 30, 2022[13] Full-Year 2022 Guidance - The company projects net income between $355 million and $390 million[16] - Adjusted EBITDA is expected to range from $975 million to $1.005 billion[16] - Adjusted free cash flow is projected to be between $310 million and $350 million[16]

Table of Contents Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $0.01 par value CLH New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIO ...

Stifel 2022 Cross Sector Insight Conference 1 June 8, 2022 THREE INDUSTRY LEADERS UNITED INTO ONE COMPANY 2022 CLEAN HARBORS - CONFIDENTIAL Forward Looking Statements and GAAP Disclaimer These slides contain (and the accompanying oral discussion will contain) forward-looking statements, which are generally identifiable by use of the words "believes," "expects," "intends," "anticipates," "plans to," "seeks," "should," "estimates," "projects," "may," "likely" or similar expressions. Such statements may includ ...