Clean Harbors Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>Clean Harbors Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024, detailing its financial performance and business operations.</b>

AI Summary

CLEAN HARBORS INC (CLH) filed a Quarterly Report (10-Q) with the SEC on May 1, 2024. Clean Harbors Inc. reported financial results for the period ending March 31, 2024. The filing is a 10-Q, indicating a quarterly report. The company's principal business is Hazardous Waste Management. The filing covers the period from January 1, 2024, to March 31, 2024. The company's headquarters are located in Norwell, MA.

Why It Matters

For investors and stakeholders tracking CLEAN HARBORS INC, this filing contains several important signals. This 10-Q filing provides investors with up-to-date financial information on Clean Harbors' performance in the first quarter of 2024. Understanding the company's financial health and operational segments is crucial for assessing its current market position and future prospects in the hazardous waste management industry.

Risk Assessment

Risk Level: low — CLEAN HARBORS INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain immediate red flags, indicating a routine disclosure of financial information.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to understand revenue drivers and operational efficiency for Q1 2024.

Key Numbers

• 2024-03-31 — Period End Date (Conformed Period of Report)
• 2024-05-01 — Filing Date (Filed as of Date)
• 1231 — Fiscal Year End (Company Data)
• 001-34223 — SEC File Number (Filing Values)

Key Players & Entities

• CLEAN HARBORS INC (company) — Filer name
• 0000822818 (company) — Central Index Key
• MA (company) — State of Incorporation
• Norwell (company) — Business Address City
• 781-792-5000 (company) — Business Phone
• 2024-03-31 (date) — Conformed Period of Report
• 2024-05-01 (date) — Filed as of Date
• 4955 (industry) — Standard Industrial Classification (Hazardous Waste Management)

FAQ

Industry Context

Clean Harbors operates in the Hazardous Waste Management industry, providing a range of environmental and industrial services.

Regulatory Implications

The filing is a standard 10-Q report under the Securities Exchange Act of 1934, requiring regular disclosure of financial information.

What Investors Should Do

1. Analyze the revenue and net income figures for Q1 2024 once available in the full report.
2. Examine the segment performance for Environmental Services and SafetyKleen Sustainability Solutions.
3. Review any updates to risk factors or legal proceedings mentioned in the filing.

Key Dates

• 2024-03-31: Quarterly Period End — End of the reporting period for the 10-Q filing.
• 2024-05-01: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is the first 10-Q filing for the fiscal year 2024, following the 2023 annual report.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value CLH New York Stock Exchange

Filing Documents

• clh-20240331.htm (10-Q) — 1240KB
• clh-3312024ex311xcoxceo.htm (EX-31.1) — 10KB
• clh-3312024ex312xcoxceo.htm (EX-31.2) — 10KB
• clh-3312024ex313xcfo.htm (EX-31.3) — 10KB
• clh-3312024ex32.htm (EX-32) — 10KB
• 0000822818-24-000021.txt (&nbsp;) — 7305KB
• clh-20240331.xsd (EX-101.SCH) — 55KB
• clh-20240331_cal.xml (EX-101.CAL) — 101KB
• clh-20240331_def.xml (EX-101.DEF) — 237KB
• clh-20240331_lab.xml (EX-101.LAB) — 653KB
• clh-20240331_pre.xml (EX-101.PRE) — 452KB
• clh-20240331_htm.xml (XML) — 1106KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

: Unaudited Financial Statements

ITEM 1: Unaudited Financial Statements Consolidated Balance Sheets 1 Unaudited Consolidated Statements of Operations 2 Unaudited Consolidated Statements of Comprehensive Income 3 Unaudited Consolidated Statements of Cash Flows 4 Unaudited Consolidated Statements of Stockholders' Equity 5 Notes to Unaudited Consolidated Financial Statements 6

: Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2: Management's Discussion and Analysis of Financial Condition and Results of Operations 20

: Quantitative and Qualitative Disclosures About Market Risk

ITEM 3: Quantitative and Qualitative Disclosures About Market Risk 30

: Controls and Procedures

ITEM 4: Controls and Procedures 30

: OTHER INFORMATION

PART II: OTHER INFORMATION

: Legal Proceedings

ITEM 1: Legal Proceedings 31

: Risk Factors

ITEM 1A: Risk Factors 31

: Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2: Unregistered Sales of Equity Securities and Use of Proceeds 31

: Defaults Upon Senior Securities

ITEM 3: Defaults Upon Senior Securities 31

: Mine Safety Disclosures

ITEM 4: Mine Safety Disclosures 31

: Other Information

ITEM 5: Other Information 32

: Exhibits

ITEM 6: Exhibits 32

Signatures

Signatures 33 Table of Contents CLEAN HARBORS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands) March 31, 2024 December 31, 2023 ASSETS (unaudited) Current assets: Cash and cash equivalents $ 337,825 $ 444,698 Short-term marketable securities 104,811 106,101 Accounts receivable, net of allowances aggregating $ 47,129 and $ 42,209 , respectively 1,039,763 983,111 Unbilled accounts receivable 165,592 107,859 Inventories and supplies 354,310 327,511 Prepaid expenses and other current assets 103,495 82,939 Total current assets 2,105,796 2,052,219 Property, plant and equipment, net 2,330,484 2,193,318 Other assets: Operating lease right-of-use assets 206,577 187,060 Goodwill 1,487,821 1,287,736 Permits and other intangibles, net 739,975 602,797 Other long-term assets 69,170 59,739 Total other assets 2,503,543 2,137,332 Total assets $ 6,939,823 $ 6,382,869 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 15,102 $ 10,000 Accounts payable 452,848 451,806 Deferred revenue 106,425 95,230 Accrued expenses and other current liabilities 349,435 397,157 Current portion of closure, post-closure and remedial liabilities 29,179 26,914 Current portion of operating lease liabilities 64,534 56,430 Total current liabilities 1,017,523 1,037,537 Other liabilities: Closure and post-closure liabilities, less current portion of $ 14,079 and $ 13,556 , respectively 105,493 105,044 Remedial liabilities, less current portion of $ 15,100 and $ 13,358 , respectively 94,686 97,885 Long-term debt, less current portion 2,778,624 2,291,717 Operating lease liabilities, less current portion 145,544 131,743 Deferred tax liabilities 361,223 353,107 Other long-term liabilities 125,393 118,330 Total other liabilities 3,610,963 3,097,826 Commitments and contingent liabilities (See Note 15) Stockholders' equity: Common stock, $ 0.01 par value: Authorized 80,000,000 shares; issued and outstanding 53

View Full Filing

View this 10-Q filing on SEC EDGAR