Clean Harbors Files Q3 2024 10-Q

TL;DR

Clean Harbors 10-Q filed: Q3 2024 results are in. Check financials for waste management performance.

AI Summary

Clean Harbors Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter and the year-to-date. Key financial figures and business segment performance are presented, reflecting the company's activities in hazardous waste management and related services.

Why It Matters

This filing provides investors and analysts with the latest financial results and operational details for Clean Harbors, crucial for understanding the company's performance in the environmental services sector.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant new risks disclosed.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-01-01 — Year-to-Date Start Date (Marks the beginning of the fiscal year for year-to-date financial comparisons.)
• 2023-12-31 — Previous Fiscal Year End (Provides a reference point for year-over-year financial comparisons.)

Key Players & Entities

• CLEAN HARBORS INC (company) — Filer of the 10-Q
• 20240930 (date) — End of the reporting period
• 42 LONGWATER DRIVE (location) — Company's business and mailing address
• 781-792-5000 (phone_number) — Company's business phone number

FAQ

Key Financial Figures

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

Filing Documents

• clh-20240930.htm (10-Q) — 1703KB
• clh-9302024ex311xcoxceo.htm (EX-31.1) — 10KB
• clh-9302024ex312xcoxceo.htm (EX-31.2) — 10KB
• clh-9302024ex313xcfo.htm (EX-31.3) — 10KB
• clh-9302024ex32.htm (EX-32) — 10KB
• clh-20240930_g1.jpg (GRAPHIC) — 35KB
• 0000822818-24-000045.txt ( ) — 8972KB
• clh-20240930.xsd (EX-101.SCH) — 60KB
• clh-20240930_cal.xml (EX-101.CAL) — 106KB
• clh-20240930_def.xml (EX-101.DEF) — 258KB
• clh-20240930_lab.xml (EX-101.LAB) — 708KB
• clh-20240930_pre.xml (EX-101.PRE) — 483KB
• clh-20240930_htm.xml (XML) — 1529KB

: FINANCIAL INFORMATION

PART I: FINANCIAL INFORMATION

: Unaudited Consolidated Financial Statements

ITEM 1: Unaudited Consolidated 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 7

: 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 24

: Quantitative and Qualitative Disclosures About Market Risk

ITEM 3: Quantitative and Qualitative Disclosures About Market Risk 35

: Controls and Procedures

ITEM 4: Controls and Procedures 35

: OTHER INFORMATION

PART II: OTHER INFORMATION

: Legal Proceedings

ITEM 1: Legal Proceedings 37

: Risk Factors

ITEM 1A: Risk Factors 37

: Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2: Unregistered Sales of Equity Securities and Use of Proceeds 37

: Defaults Upon Senior Securities

ITEM 3: Defaults Upon Senior Securities 37

: Mine Safety Disclosures

ITEM 4: Mine Safety Disclosures 37

: Other Information

ITEM 5: Other Information 38

: Exhibits

ITEM 6: Exhibits 38

Signatures

Signatures 39 Table of Contents CLEAN HARBORS, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands) September 30, 2024 December 31, 2023 ASSETS (unaudited) Current assets: Cash and cash equivalents $ 512,371 $ 444,698 Short-term marketable securities 82,371 106,101 Accounts receivable, net of allowances aggregating $ 48,570 and $ 42,209 , respectively 1,100,660 983,111 Unbilled accounts receivable 204,308 107,859 Inventories and supplies 376,564 327,511 Prepaid expenses and other current assets 78,204 82,939 Total current assets 2,354,478 2,052,219 Property, plant and equipment, net 2,452,312 2,193,318 Other assets: Operating lease right-of-use assets 246,061 187,060 Goodwill 1,485,065 1,287,736 Permits and other intangibles, net 708,935 602,797 Other long-term assets 59,159 59,739 Total other assets 2,499,220 2,137,332 Total assets $ 7,306,010 $ 6,382,869 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 15,102 $ 10,000 Accounts payable 504,206 451,806 Deferred revenue 103,291 95,230 Accrued expenses and other current liabilities 398,236 397,157 Current portion of closure, post-closure and remedial liabilities 30,477 26,914 Current portion of operating lease liabilities 70,539 56,430 Total current liabilities 1,121,851 1,037,537 Other liabilities: Closure and post-closure liabilities, less current portion of $ 14,203 and $ 13,556 , respectively 105,375 105,044 Remedial liabilities, less current portion of $ 16,274 and $ 13,358 , respectively 94,384 97,885 Long-term debt, less current portion 2,773,659 2,291,717 Operating lease liabilities, less current portion 179,040 131,743 Deferred tax liabilities 356,150 353,107 Other long-term liabilities 147,241 118,330 Total other liabilities 3,655,849 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

View Full Filing

View this 10-Q filing on SEC EDGAR