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Clean Harbors(CLH) - 2024 Q4 - Earnings Call Transcript
2025-02-19 15:00
Financial Data and Key Metrics Changes - The company reported consolidated EBITDA growth of 10% for the year, with full-year revenue growth of 11% and adjusted EBITDA margins exceeding 25% [6][8][26] - Total company revenues increased by over $90 million or 7% in Q4 and by over $480 million or 9% for the year [26] - Adjusted EBITDA for Q4 was $257 million, reflecting a decline in SKFS and higher corporate costs, with an adjusted EBITDA margin of 18% in Q4, down year over year but up 30 basis points for the full year [26][27] Business Line Data and Key Metrics Changes - The Environmental Services (ES) segment achieved a record year with a 15% adjusted EBITDA growth for the year, and Q4 marked the eleventh consecutive quarter of year-over-year improvement in adjusted EBITDA margin [10][26] - Field services revenue grew by 47%, primarily driven by HEPCO and organic growth, while technical services saw an 8% revenue increase [10] - The SKSS segment faced challenges with revenue and EBITDA decreasing year over year in Q4 due to soft demand and lower pricing [17][26] Market Data and Key Metrics Changes - The company reported strong waste collection volumes, particularly in containerized waste, and a healthy flow of project work [7][8] - The Kimbell incinerator, which launched commercial operations in December, is expected to increase overall North American capacity by 12% [13][14] - The company anticipates continued demand for its services driven by infrastructure investments and regulatory changes regarding PFOS [23][35] Company Strategy and Development Direction - The company is focused on executing strategic priorities, including the ramp-up of the Kimbell incinerator and expansion projects in Baltimore and Phoenix [21][22][23] - The management highlighted the importance of addressing PFOS remediation, which is expected to create a multi-billion dollar marketplace [15][35] - The company remains active in M&A opportunities to support growth plans and capture synergies [22][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for 2025, citing strong demand for services and multiple tailwinds supporting growth [23][35] - The company expects adjusted EBITDA for 2025 to be in the range of $1.15 billion to $1.21 billion, with a midpoint of $1.18 billion [34] - Management acknowledged challenges in the SKSS segment but remains committed to cost-cutting initiatives and strategic pricing [17][34] Other Important Information - The company achieved a total recordable incident rate that surpassed its 2024 safety goal, emphasizing a commitment to safety [7] - Cash and short-term marketable securities at year-end were $790 million, up $195 million from the end of Q3 [29] - The company plans to invest $15 million in a growth project in Phoenix in 2025, excluding this from adjusted free cash flow calculations [34] Q&A Session Summary Question: Opportunities from California wildfires cleanup - Management confirmed participation in cleanup efforts but noted that the impact on Q1 guidance would be net neutral due to regional disruptions [39][41] Question: Bird flu response efforts - Management indicated potential for involvement but stated no significant opportunities have materialized yet [42] Question: Captive incinerator capacity and customer inquiries - Management reported ongoing discussions with captive customers regarding their next steps and potential closures [43][44] Question: M&A activity and market conditions - Management remains active in the M&A market, seeking financially and strategically sound deals despite rising multiples [46][47] Question: Q1 guidance specifics - Management provided insights into expected growth rates and factors affecting the ES segment, including HEPCO contributions and weather impacts [52][54] Question: Kimbell incinerator ramp-up expectations - Management outlined expected tonnage throughput and EBITDA contributions from the Kimbell incinerator throughout the year [58][59] Question: Update on MAC standards and regulatory impacts - Management discussed ongoing EPA reviews and potential future opportunities related to regulatory changes [61][62] Question: Customer retention metrics in industrial and field services - Management reported strong customer retention despite aggressive pricing strategies, with minimal attrition noted [111][112]
ESGL (ESGL) - Prospectus(update)
2024-05-28 18:04
As filed with the Securities and Exchange Commission on May 28, 2024 Registration No. 333-278644 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT Cayman Islands 4954 Not applicable (I.R.S. Employer Identification Number) UNDER THE SECURITIES ACT OF 1933 ESGL HOLD ...
ESGL (ESGL) - Prospectus(update)
2024-04-23 23:59
As filed with the Securities and Exchange Commission on April 23, 2024 Registration No. 333-278644 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 4954 Not applicable (I.R.S. Employer Identifi ...
ESGL (ESGL) - Prospectus(update)
2024-02-02 19:25
As filed with the Securities and Exchange Commission on February 2, 2024 Registration No. 333-274586 AMENDMENT NO. 4 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 4954 Not applicable (I.R.S. Employer Identification Number) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washin ...
ESGL (ESGL) - Prospectus(update)
2023-12-05 22:29
As filed with the Securities and Exchange Commission on December 5, 2023 Registration No. 333-274586 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) (Primary Standard Industrial Classification Code Number) Cayman Islands 4954 Not applicable (I.R.S. Employer Identi ...
ESGL (ESGL) - Prospectus(update)
2023-11-07 15:52
As filed with the Securities and Exchange Commission on November 7, 2023 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) Registration No. 333-274586 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 (Primary Standard Industrial Classification Code Number) Cayman Islands 4954 Not applicable (I.R.S. Employer Identi ...
ESGL (ESGL) - Prospectus
2023-09-19 21:00
As filed with the Securities and Exchange Commission on September 19, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ESGL HOLDINGS LIMITED (Exact Name of Registrant as Specified in Its Charter) (State or Other jurisdiction of Incorporation or Organization) Cayman Islands 4954 Not applicable (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 101 Tu ...
Safe & Green(SGBX) - Prospectus
2023-04-05 21:25
As filed with the Securities and Exchange Commission on April 5, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 SAFE & GREEN HOLDINGS CORP. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code Number) Identification Number) Delaware 5030 95-4463937 990 Biscayne Bl ...