HighGravityData

Clean Harbors — Oct 30, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000822818-24-000043
Open on SEC.gov ↗
Showing in the filing
Industrial Services business
“look to return that business to revenue growth”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 15
Industrial Services business for FY2025
“look to return that business to revenue growth”
Adjusted EBITDA for FY2024
“$1.10 billion to $1.12 billion”
GAAP net income (basis for Adjusted EBITDA) for FY2024
“$375 million to $395 million”
Net cash from operating activities (basis fo… for FY2024
“$680 million to $750 million”
Projected net income for FY2024
“$375 to $395”
Accretion of environmental liabilities for FY2024
“15 to 14”
Stock-based compensation for FY2024
“27 to 30”
Depreciation and amortization for FY2024
“405 to 395”
Interest expense, net for FY2024
“145 to 140”
Provision for income taxes for FY2024
“133 to 146”
Projected Adjusted EBITDA for FY2024
“$1,100 to $1,120”
Projected net cash from operating activities for FY2024
“$680 to $750”
Additions to property, plant and equipment for FY2024
“(410) to (440)”
Proceeds from sale and disposal of fixed ass… for FY2024
“10 to 10”
Projected adjusted free cash flow for FY2024
“$280 to $320”
Exhibit 99.1 · the passage around this item
… earlier in the release
We also expect our Technical Services and SK Environmental businesses to grow steadily, feeding volumes into Kimball and the other facilities in our network. In Industrial Services, we are taking actions to counter the weakness in fall turnarounds and look to return that business to revenue growth in 2025.” “Within SKSS, we remain committed to stabilizing our business amidst the current pricing challenges and weak demand for base oil. We are taking decisive actions to reduce production and collection costs while also pursuing growth initiatives in Group III, blended sales, and our partnership with Castrol. These programs have the potential to reduce the carbon footprints of businesses significantly, and we believe they will gain traction as more customers look to Safety-Kleen as their sustainability partner in the coming years,” Battles concluded. “Overall, despite some market obstacles related to base oil and refining customers, we expect to end 2024 with strong momentum across our network of disposal facilities and service offerings giving us a positive trajectory into 2025.” Based on its third-quarter performance and current forecast, Clean Harbors revised its full-year 2024 guidance and now expects: • Adjusted EBITDA in the range of $1.10 billion to $1.12 billion, or a midpoint of $1.11 billion, which represents 10% growth year-over-year. This Adjusted EBITDA range is based on anticipated GAAP net income in the range of $375 million to $395 million. Clean Harbors • 42 L
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.