Clean Harbors Inc (NYSE: CLH)

Clean Harbors Inc., often recognized by its stock symbol CLH, is a prominent player in the environmental and industrial services industry in North America. The company's primary business activities are centered around providing sustainable solutions to its clients, which encompass hazardous and non-hazardous waste management, emergency response services, industrial maintenance, and specialty industrial services.

Clean Harbors operates in the environmental services industry, offering a broad spectrum of services. These include hazardous and non-hazardous waste collection, transportation, treatment, and disposal. The company also provides industrial maintenance and specialty industrial services, along with parts washer and vacuum services to small quantity generators of hazardous waste. Furthermore, the Environmental Services segment of the company offers CleanPack services, which involve the collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.

The Safety-Kleen Sustainability Solutions (SKSS) segment, on the other hand, focuses on the collection and re-refining of used oil, as well as the manufacturing, formulation, and packaging of high-quality lubricants. This segment holds the distinction of being the largest re-refiner and recycler of used oil in North America, and its operations are primarily designed to provide sustainable solutions to its customers.

Clean Harbors derives its revenue predominantly from its Environmental Services segment, which accounts for approximately 80% of its total revenue. This segment's performance is influenced by the demand for its services, waste volumes managed, and project work that requires responsible waste handling and disposal. The SKSS segment, being the second-largest, contributes approximately 20% to the company's total revenue. The segment's results are driven by the demand for its products and services, as well as the pricing and volume of used oil collected and re-refined.

Clean Harbors has several competitive strengths that distinguish it from its peers. These include its leading position in the environmental and industrial services industry, its extensive service capabilities, its integrated network of assets, and its effective cost management programs. Additionally, the company's experienced management team and its unwavering commitment to safety and compliance are also significant competitive strengths.

The company's customer base is diverse, encompassing large and small companies, government entities, and private individuals. The customer base is further diversified across multiple industries, such as chemical, manufacturing, automotive, and oil and gas.

Clean Harbors operates under a casualty insurance program that covers the potential risks associated with its multifaceted operations. The company also maintains property insurance for its physical locations and has obtained all required financial assurance for its facilities through a combination of surety bonds and insurance from qualified insurance companies.

In terms of its human capital objectives, Clean Harbors focuses on the health and safety of its employees, employee development and training, fair and competitive compensation and benefits, and business and hiring practices that support diversity and inclusion. The company believes that its relationship with its employees is positive and engages with its employees through periodic employee engagement surveys and other mechanisms to continue the development of these relationships.

Clean Harbors is subject to extensive and evolving federal, state, provincial, and local environmental, health, safety, and transportation laws and regulations. The company has acquired all material operating permits and approvals now required for the current operation of its business and has applied for, or is in the process of applying for, all permits and approvals needed in connection with planned expansion or modifications of its operations.