PresentationLawrence SolowCJS Securities, Inc. Good morning, and welcome to the CJS 26th Annual New Ideas for the New Year Conference. I'm Larry Solow, a research analyst and partner here at CJS, and I'm joined by the management of Clean Harbors. To briefly remind everyone of the format for our conference fireside presentation since we're still early in the day. We're going to start with a 10-minute -- 10, 15 minutes or so overview from the company. After that, we'll open the floor for Q&A, which I will be ...

Financial Data and Key Metrics Changes - Revenue for Q4 2025 was $108.8 million, a slight decline from $111.5 million in the prior year quarter, reflecting ongoing challenges in commercial construction and residential demand due to high-interest rates [10][11] - U.S. concrete pumping segment revenue was $72.2 million compared to $74.5 million in the prior year quarter, with infrastructure projects remaining a bright spot [10][11] - Consolidated Adjusted EBITDA for Q4 was $30.7 million, down from $33.7 million year-over-year, with an Adjusted EBITDA margin of 28.2% compared to 30.2% in the prior year [14] Business Line Data and Key Metrics Changes - U.S. concrete waste management services segment revenue increased 8% to $21.3 million, driven by higher pan pickup volumes and pricing momentum [11] - U.K. operations revenue decreased to $15.3 million from $17.1 million, primarily due to volume-driven declines in commercial construction activity [11] Market Data and Key Metrics Changes - U.S. concrete pumping revenue from infrastructure projects constituted 24% of total revenue, with commercial construction demand improving in key geographies [5][10] - The residential end market accounted for 29% of total revenue, with demand pressured by affordability constraints from higher interest rates [6][11] Company Strategy and Development Direction - The company plans to accelerate a $22 million investment in its U.S. concrete pumping and EcoPan fleet in anticipation of stricter NOx emission standards set to take effect in 2027 [8][9] - The focus remains on maintaining financial flexibility, pursuing acquisitions, and investing in organic growth initiatives to enhance shareholder value [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential recovery in construction activity, particularly in large-scale commercial projects such as data centers and semiconductor facilities [16][18] - The outlook for fiscal 2026 anticipates revenue between $390-$410 million and Adjusted EBITDA between $90-$100 million, assuming no significant recovery in construction markets [15][16] Other Important Information - The company repurchased approximately 274,000 shares for $1.8 million during Q4, continuing its share buyback program initiated in 2022 [15] - The company completed an acquisition in Ireland, which is expected to contribute to long-term growth despite being modest in size [19][41] Q&A Session Summary Question: Drivers behind expected revenue growth in 2026 - Management indicated that revenue growth is expected to come from pricing improvements rather than significant volume increases, with larger projects contributing to this growth [22] Question: Margin pressure in 2026 - Management confirmed that margin pressure is primarily due to fleet utilization, with flat volume leading to a marginal decline in margin percentage [23] Question: Outlook for residential construction - Management noted that while the residential market has softened, there are signs of stabilization and potential improvement in the near future [25] Question: Growth outlook for U.K. and EcoPan - Management expects strong public spending in the U.K. and anticipates EcoPan to achieve high single-digit to double-digit growth despite market challenges [30] Question: CapEx related to upcoming regulations - Management stated that the accelerated CapEx will address most requirements associated with the new regulations, avoiding potential disruptions [32] Question: Status of delayed projects - Management confirmed that while some office buildings and manufacturing projects have been shelved, there are still opportunities in data centers and chip plants [45]

Clean Harbors (NYSE:CLH) FY Conference January 13, 2026 10:15 AM ET Company ParticipantsMichael L. Battles - Co-CEOConference Call ParticipantsJames Ricchiuti - Senior AnalystJames RicchiutiGood morning. We're going to, first of all, welcome to the 28th Annual Needham Growth Conference. The next presentation is a fireside with Clean Harbors. Pleased to have with us today from the company, the Co-CEO, Mike Battles. And we also have in the front row Jim Buckley, who's SVP, Investor Relations, Corporate Commun ...

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Core Insights - The Global Pharmaceutical Waste Management Market is projected to grow at a CAGR of 5.91% from 2026 to 2032, increasing from USD 1662.35 Million in 2024 to USD 2631.59 Million by the end of the forecast period [1][8]. Market Growth and Trends - The pharmaceutical industry is facing challenges in managing waste responsibly, driven by stringent environmental regulations and the need to minimize public health impacts [3][8]. - The swift expansion of the pharmaceutical sector is generating a corresponding increase in pharmaceutical waste, necessitating efficient waste management strategies [9]. - There is a growing focus on sustainability, with companies under pressure to implement environmentally sustainable waste disposal methods, driven by consumer demand and corporate social responsibility [10]. Technological Innovations - The report highlights cutting-edge technologies and processes that are revolutionizing the waste management landscape, offering increased efficiency, safety, and environmental benefits [6]. Competitive Landscape - The report provides insights on leading players and emerging competitors in the market, including Cardinal Health, Covanta Holding Corporation, and Stericycle, among others [15][6]. Regulatory Environment - The market is influenced by stringent global environmental regulations that require proper disposal of hazardous pharmaceutical waste, presenting growth potential for companies offering innovative waste disposal services [8][6]. - The fragmented regulatory landscape across different geographies complicates standardization of waste management methods, impacting compliance and operational efficiency [13]. Geographical Dominance - North America leads the market due to rigorous environmental legislation and advanced healthcare infrastructure, while Europe is focusing on sustainability and regulatory compliance [14]. - Emerging economies in the Asia-Pacific region are experiencing rapid growth in the pharmaceutical sector, increasing awareness of environmental issues [14].

Core Insights - Parnassus Investments reported strong performance for its Mid Cap Fund in Q3 2025, with a return of 5.49%, slightly outperforming the Russell Midcap Index which returned 5.33% [1] Company Performance - Republic Services, Inc. (NYSE:RSG) is highlighted as a leading environmental services company in the U.S. and Canada, with a one-month return of -0.99% and a 52-week gain of 1.02% [2] - As of January 7, 2026, Republic Services, Inc. shares closed at $209.08, with a market capitalization of $64.72 billion [2] Market Sentiment - The Parnassus Core Equity Fund noted that Republic Services, Inc. faced challenges as market sentiment shifted towards high-growth equities, impacting its stock performance [3] - Despite this, the company demonstrated steady results supported by recurring revenue and strong free cash flow, indicating potential for both secular growth and cyclical upside [3] Hedge Fund Interest - Republic Services, Inc. was held by 51 hedge fund portfolios at the end of Q3 2025, a decrease from 60 in the previous quarter, suggesting a decline in popularity among hedge funds [4] - While the company is recognized for its investment potential, some analysts suggest that certain AI stocks may offer greater upside with less downside risk [4]

Achieved ethanol yields exceeding guaranteed performance for over 14 consecutive days at steady stateSuccessfully operated on complex syngas streams with CO + H₂ contents as low as 40%Demonstrated robust waste-to-ethanol process under varying feedstock conditions SKOKIE, Ill., Jan. 07, 2026 (GLOBE NEWSWIRE) -- LanzaTech Global, Inc. (NASDAQ: LNZA), a leader in industrial carbon recycling, has announced successful operational results at the municipal solid waste (MSW) to ethanol pilot plant in Kuji City, Iwa ...

Lassila & Tikanoja PlcStock exchange release5 January 2026 at 6.10 PM EET Lassila & Tikanoja Plc – Managers’ Transactions Lassila & Tikanoja Plc has received the following notification under Article 19 of the Market Abuse Regulation, which concerns shares in Lassila & Tikanoja Plc received by a manager or their closely associated person as demerger consideration in the partial demerger of Luotea Plc. ____________________________________________ Person subject to the notification requirementName: Eero Hautan ...

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Lassila & Tikanoja PlcStock exchange release5 January 2026 at 6.00 PM EET Lassila & Tikanoja Plc – Managers’ Transactions Lassila & Tikanoja Plc has received the following notification under Article 19 of the Market Abuse Regulation, which concerns shares in Lassila & Tikanoja Plc received by a manager or their closely associated person as demerger consideration in the partial demerger of Luotea Plc. ____________________________________________ Person subject to the notification requirementName: Sakari Lass ...