Clean Harbors (CLH) Company Overview

CLH's strategy for acquiring other companies improves its range of services and expands its presence in different areas. Having a good amount of cash on hand helps maintain its strong financial stability.

CLH's revenue increases due to the growth in the ES and SKSS segments during the third quarter of 2024.

Clean Harbors (NYSE:CLH) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 9:00 AM ET. The call will feature company leaders including General Counsel Michael McDonald and Co-CEOs Eric Gerstenberg and Mike Battles. Participants from various financial institutions will also join the call, but currently, everyone is in listen-only mode.

CLH shares are supported by strong performance in different areas and a healthy cash flow situation.

Clean Harbors, Inc. management emphasizes reinvestment, generating significant free cash flow, and making strategic acquisitions, which is beneficial. The earnings for the second quarter of FY'24 demonstrated impressive growth, mainly due to the environmental services and Safety-Kleen divisions boosting revenue. Valuation multiples have increased because of the high returns on reinvested capital.

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Clean Harbors (CLH) saw good revenue growth in the second quarter of 2024 due to strong performance in different areas of its business.

The blue economy is on the rise, which makes investing in ocean tech stocks more appealing over time.  Ocean tech stocks are companies creating products and solutions tied to the oceans regarding energy, water treatment and marine discovery.

The rising importance of ESG goals, technological advancements and innovations in the WTE technology is likely to assist the Zacks Waste Removal Services industry to prosper. RSG, CLH and SRCL are likely to be the frontrunners in the industry.