Clean Harbors, Inc. (CLH) Bundle
An Overview of Clean Harbors, Inc. (CLH)
General Summary of Clean Harbors, Inc. (CLH)
Clean Harbors, Inc. is a North American specialty waste management and environmental services company headquartered in Norwell, Massachusetts. Founded in 1980, the company provides comprehensive hazardous waste management, industrial cleaning, and emergency response services.
| Company Metric | 2024 Data |
|---|---|
| Total Employees | 22,500 |
| Number of Facilities | 267 |
| Total Service Locations | 459 |
| Annual Revenue | $5.2 billion |
Company Services
- Hazardous Waste Disposal
- Industrial Cleaning Services
- Emergency Response
- Environmental Consulting
- Recycling Services
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Total Revenue | $5,237,000,000 |
| Net Income | $412,500,000 |
| Gross Margin | 24.6% |
| Operating Cash Flow | $687,300,000 |
Industry Leadership
Clean Harbors is recognized as a leading environmental services provider in North America, serving over 375,000 commercial and industrial customers across multiple sectors including manufacturing, healthcare, transportation, and government.
Mission Statement of Clean Harbors, Inc. (CLH)
Mission Statement Core Components
Clean Harbors, Inc. (CLH) mission statement focuses on three primary components:
Environmental Services Leadership
Clean Harbors generated $4.73 billion in total revenue for fiscal year 2022. The company processes approximately 1.5 million tons of hazardous waste annually across 50 treatment, storage, and disposal facilities in North America.
| Service Category | Annual Processing Volume | Geographic Coverage |
|---|---|---|
| Hazardous Waste Management | 1.5 million tons | North America |
| Industrial Cleaning Services | 500,000 service events | United States/Canada |
Safety and Compliance Focus
Clean Harbors maintains a 99.97% safety compliance rate across its operations. The company operates with:
- Over 500 environmental and safety permits
- ISO 14001 certification for environmental management
- OHSAS 18001 safety management system compliance
Sustainability and Innovation
Clean Harbors invested $87.3 million in capital expenditures during 2022, with significant allocation towards technological infrastructure and environmental innovation.
| Investment Category | 2022 Investment Amount |
|---|---|
| Technology Infrastructure | $52.4 million |
| Environmental Innovation | $34.9 million |
Operational Metrics
Clean Harbors serves over 75,000 commercial and industrial customers across multiple sectors, with a workforce of 22,700 employees as of December 31, 2022.
Vision Statement of Clean Harbors, Inc. (CLH)
Vision Statement of Clean Harbors, Inc. (CLH)
Strategic Vision OverviewClean Harbors, Inc. (CLH) aims to be the leading environmental and industrial services company in North America, focusing on comprehensive waste management, environmental remediation, and emergency response solutions.
Key Vision ComponentsMarket Leadership Objectives
Clean Harbors targets maintaining its position as the largest specialty waste management company in North America with specific strategic goals:
- Total revenue target of $4.8 billion by end of 2024
- Expand industrial services market share by 7.2%
- Increase environmental remediation capabilities
Geographic Expansion Strategy
| Region | Planned Investment | Expansion Focus |
|---|---|---|
| United States | $275 million | Industrial waste management |
| Canada | $95 million | Environmental services |
| Mexico | $45 million | Emergency response infrastructure |
Sustainability and Environmental Performance
Clean Harbors commits to reducing carbon emissions by 22% by 2025 and increasing renewable energy usage in operations to 18% by 2024.
Technological Innovation Targets
Technology investment allocation for 2024:
- $62 million for digital transformation
- $38 million for waste processing technology
- $27 million for environmental monitoring systems
Financial Performance Metrics
| Metric | 2024 Target | Growth Percentage |
|---|---|---|
| EBITDA | $825 million | 9.3% |
| Net Income | $265 million | 7.6% |
| Return on Investment | 14.5% | 2.1% |
Core Values of Clean Harbors, Inc. (CLH)
Core Values of Clean Harbors, Inc. (CLH) in 2024
Safety First Culture
Clean Harbors reported 0.74 Total Recordable Incident Rate (TRIR) in 2022, significantly below industry average.
| Safety Metric | 2022 Performance |
|---|---|
| Total Recordable Incident Rate | 0.74 |
| Lost Time Incident Rate | 0.32 |
Environmental Stewardship
Clean Harbors processed 1.5 million tons of hazardous and non-hazardous waste in 2022.
- Recycled 850,000 tons of materials
- Reduced carbon emissions by 12% compared to 2021
- Invested $45 million in environmental sustainability initiatives
Customer-Centric Approach
Clean Harbors generated $4.8 billion in revenue in 2022, with 95% customer retention rate.
| Customer Service Metric | 2022 Performance |
|---|---|
| Customer Retention Rate | 95% |
| Service Response Time | 2.5 hours |
Innovation and Continuous Improvement
Clean Harbors allocated $68 million to research and development in 2022.
- Developed 12 new environmental remediation technologies
- Implemented 35 process optimization initiatives
- Achieved 8% operational efficiency improvement
Ethical Business Practices
Clean Harbors maintains compliance with 100% of environmental regulations across 500+ facilities.
| Compliance Metric | 2022 Performance |
|---|---|
| Regulatory Compliance Rate | 100% |
| Environmental Audit Passes | 99.7% |
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