HighGravityDataClean Harbors — Oct 30, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000822818-24-000043
Showing in the filing
Projected net cash from operating activities
“$680 to $750”
Period
FY2024
Measure
Company-defined measure
Source
Guidance table
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
An itemized reconciliation between reported GAAP net cash from operating activities and adjusted free cash flow is as follows for the three and nine months ended September 30, 2024 and 2023 (in thousands): Three Months Ended Nine Months Ended September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Adjusted free cash flow Net cash from operating activities $ 239,239 $ 220,119 $ 473,833 $ 455,692 Additions to property, plant and equipment (96,803) (107,608) (369,826) (311,906) Proceeds from sale and disposal of fixed assets 2,058 2,185 6,353 5,129 Adjusted free cash flow $ 144,494 $ 114,696 $ 110,360 $ 148,915 Adjusted EBITDA Guidance Reconciliation An itemized reconciliation between projected GAAP net income and projected Adjusted EBITDA is as follows (in millions): For the Year Ending December 31, 2024 Projected net income $375 to $395 Adjustments: Accretion of environmental liabilities 15 to 14 Stock-based compensation 27 to 30 Depreciation and amortization 405 to 395 Interest expense, net 145 to 140 Provision for income taxes 133 to 146 Projected Adjusted EBITDA $1,100 to $1,120 Adjusted Free Cash Flow Guidance Reconciliation An itemized reconciliation between projected GAAP net cash from operating activities and projected adjusted free cash flow is as follows (in millions): For the Year Ending December 31, 2024 Projected net cash from operating activities $680 to $750 Additions to property, plant and equipment (410) to (440) Proceeds from sale and disposal of fixed assets 10 to 10 Projected adjusted free cash flow $280 to $320 Conference Call Information Clean Harbors will conduct a conference call for investors today at 9:00 a.m. (ET) to discuss the information contained in this press release. During the call, management will discuss Clean Harbors’ financial results, business outlook and growth strategy. Investors who wish to listen to the webcast and view the accompanying slides should visit the Investor Relations section of the Company’s website at www.cleanharbors.com . The live Clean Harbors • 42 Longwater Drive • PO Box 9149 • Norwell, Massachusetts 02061-9149 • 800.282.0058 • www.cleanharbors.com call also can be accessed by dialing 877.709.8155 or 201.689.8881 prior to the start time. If you are unable to listen to the live conference call, the webcast will be archived on the Company’s website. About Clean Harbors Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a numbe
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.