Announcement • May 22
Clean Harbors, Inc. Announces Retirement of Alan S. McKimas Founder, Executive Chairman and Chief Technology Officer Clean Harbors, Inc. announced that its Founder and Executive Chairman, Alan S. McKim, has informed the Board of Directors of his intention to retire from the Board and his role as Chief Technology Officer upon the Board appointing a new Chair. The Board expects to appoint an independent Chair later this summer as part of a planned leadership transition. McKim founded Clean Harbors in 1980 and served as Chairman and Chief Executive Officer until 2023, when he transitioned to the role of Executive Chairman and Chief Technology Officer. Under his leadership, Clean Harbors has grown into North America’s leading provider of environmental and industrial services, generating more than $6 billion in annual revenue and expanding through disciplined organic investment and strategic M&A. During his tenure, McKim positioned Clean Harbors not only as the leading environmental and industrial services provider, but also as a critical emergency response partner for many of the nation’s largest and most complex incidents. The Company has played key roles in responses to events including 9/11, major hurricanes, the Deepwater Horizon disaster, avian flu outbreaks and large-scale Covid decontamination projects. In addition to his roles at Clean Harbors, McKim serves as vice chair on Northeastern University’s Board of Trustees and on the Board of Directors of South Shore Health. He received his Master of Business Administration from Northeastern’s D’Amore-McKim School of Business and holds honorary doctorates from Northeastern and Massachusetts Maritime Academy. McKim is also the author of Doing the Doing, which chronicles Clean Harbors’ journey from fledgling startup to North America’s environmental services leader. Announcement • May 15
Clean Harbors, Inc. (NYSE:CLH) acquired Terra Nova Solutions for approximately $230 million. Clean Harbors, Inc. (NYSE:CLH) acquired Terra Nova Solutions for approximately $230 million on May 14, 2026. The transaction will be funded with available cash.
Davis, Malm & D'Agostine, P.C. acted as legal advisor for Clean Harbors, Inc. Raymond James Financial, Inc. acted as financial advisor for Terra Nova Solutions. Willkie Farr & Gallagher LLP acted as legal advisor for Terra Nova Solutions.
Clean Harbors, Inc. (NYSE:CLH) completed the acquisition of Terra Nova Solutions on May 14, 2026. Announcement • May 08
Clean Harbors, Inc. Provides Earnings Guidance for the Year Ending December 31, 2026 Clean Harbors, Inc. provided earnings guidance for the Year Ending December 31, 2026. For the year, the company expects GAAP net income in the range of $421 million to $472 million. Announcement • Apr 15
Clean Harbors, Inc. to Report Q1, 2026 Results on May 06, 2026 Clean Harbors, Inc. announced that they will report Q1, 2026 results Pre-Market on May 06, 2026 Announcement • Apr 13
Clean Harbors, Inc., Annual General Meeting, May 20, 2026 Clean Harbors, Inc., Annual General Meeting, May 20, 2026. Location: 101 philip drive, norwell, massachusetts, United States Announcement • Feb 19
Clean Harbors, Inc. (NYSE:CLH) signed a purchase and sale agreement to acquire Environmental Businesses of Depot Connect International for approximately $130 million. Clean Harbors, Inc. (NYSE:CLH) signed a purchase and sale agreement to acquire Environmental Businesses of Depot Connect International for approximately $130 million on February 18, 2026. A cash consideration of $130 million will be paid by Clean Harbors, Inc. As part of consideration, $130 million is paid towards assets of Environmental Businesses of Depot Connect International. Clean Harbors will fund the acquisition with available cash.
Clean Harbors expects the transaction to close in the first half of 2026, subject to customary closing conditions.
Simpson Thacher & Bartlett LLP acted as legal advisor to Depot Connect International. Stifel Financial Corp. (NYSE:SF) acted as financial advisor to Depot Connect International. Announcement • Feb 18
Clean Harbors, Inc. Provides Earnings Guidance for the Year Ending December 31, 2026 Clean Harbors, Inc. provided earnings guidance for the year ending December 31, 2026. The company expects to achieve growth in revenue in 2026, as it continues to deliver value to shareholders. The company anticipates GAAP net income in the range of $410 million to $461 million. Announcement • Jan 29
Clean Harbors, Inc. to Report Q4, 2025 Results on Feb 18, 2026 Clean Harbors, Inc. announced that they will report Q4, 2025 results on Feb 18, 2026 Announcement • Oct 15
Clean Harbors, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Clean Harbors, Inc. announced that they will report Q3, 2025 results on Oct 29, 2025 Announcement • Sep 18
Clean Harbors' PFAS Incineration Study Demonstrates Successful Destruction of "Forever Chemicals" That Surpasses Latest EPA Standards Clean Harbors, Inc. announced the successful results of its latest PFAS study, which affirms that its commercial high-temperature, RCRA-permitted Incineration facilities can reliably and safely destroy multiple forms of PFAS (per- and poly-fluorinated alkyl substances), the "forever chemicals" that pose significant human health risks. The testing protocols were an extension of the initial tests the Company conducted in 2021 and 2022 using U.S. Environmental Protection Agency (EPA) standards. The latest study was specifically designed to demonstrate that Clean Harbors' high-temperature combustion process - ranging from 2,000-2,200 degrees Fahrenheit - could achieve destruction of PFAS compounds while testing for the EPA's stringent new OTM-50 and 0010 (pre-cursor to OTM-55) emission standards, which were not part of the earlier testing. No other company or destruction technology has met both EPA standards. The testing for the latest PFAS study was conducted in November 2024 at a Clean Harbors incineration facility, in conjunction with officials from the EPA and the Department of Defense (DoD). EPA Administrator Lee Zeldin recently visited Clean Harbors Deer Park incineration facility and saw firsthand how advanced treatment technologies are being deployed to address hazardous materials, such as PFAS. Following the visit, Administration Zeldin remarked that it is "impressive to see new American technologies being implemented to protect the environment." AFFF concentrate, PFOA, PFOS, PFBA, PFDA, PFHxA, PFHxA,PFHxS, HFPO-DA and other PFAS chemicals were introduced to the incineration facilities during its normal operation. As with the previous tests conducted by Clean Harbors, the latest data showed that these PFAS compounds were not only effectively destroyed, but also that stack emissions resulted in ambient concentrations two to eight orders of magnitude safer than any state or federal ambient air limit or guideline. The comprehensive test results were shared for review and validation of the study's conclusions with two highly awarded third parties - Melvin E. Keener, Ph.D., Executive Director for the Coalition for Responsible Waste Incineration (CRWI) and Dr. Jens Blotevogel, a Principal Research Scientist at Commonwealth Scientific and Industrial Research Organization (CISRO). Both researchers have spent decades evaluating the impacts of environmental organic contaminants. In addition, over the decades, PFAS chemicals have leached into water and contaminated drinking supplies. Given that customers are facing PFAS in multiple forms, the company introduced 'Total PFAS Solution' in 2024 consisting of eight core elements and providing customers with a range of services to meet all their needs, from analysis to water filtration to remediation to disposal. Today, Clean Harbors remains the only company that can offer an end-to-end, single-source answer for any PFAS need, and at a commercially scalable level. Announcement • Jul 16
Clean Harbors, Inc. to Report Q2, 2025 Results on Jul 30, 2025 Clean Harbors, Inc. announced that they will report Q2, 2025 results on Jul 30, 2025 Announcement • Apr 30
Clean Harbors, Inc. Confirms Financial Guidance for the Fiscal Year Ending December 31, 2025 Clean Harbors, Inc. confirmed financial guidance for the fiscal year ending December 31, 2025. For the period, the company expects a year of profitable growth, led by ES segment. Projected GAAP net income to be $377 million to $428 million. Announcement • Apr 16
Clean Harbors, Inc. to Report Q1, 2025 Results on Apr 30, 2025 Clean Harbors, Inc. announced that they will report Q1, 2025 results at 12:30 PM, US Eastern Standard Time on Apr 30, 2025 Announcement • Apr 14
Clean Harbors, Inc., Annual General Meeting, May 21, 2025 Clean Harbors, Inc., Annual General Meeting, May 21, 2025. Location: 101 philip drive, norwell, massachusetts, United States Announcement • Feb 21
Clean Harbors, Inc. Provides Financial Guidance for the Fiscal Year Ending December 31, 2025 Clean Harbors, Inc. provides financial guidance for the fiscal year ending December 31, 2025. For the period, the company expects a year of profitable growth, led by ES segment. Projected GAAP net income to be $376 million to $427 million. Announcement • Feb 05
Clean Harbors, Inc. to Report Q4, 2024 Results on Feb 19, 2025 Clean Harbors, Inc. announced that they will report Q4, 2024 results on Feb 19, 2025 Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$2.14 (vs US$1.69 in 3Q 2023) Third quarter 2024 results: EPS: US$2.14 (up from US$1.69 in 3Q 2023). Revenue: US$1.53b (up 12% from 3Q 2023). Net income: US$115.2m (up 26% from 3Q 2023). Profit margin: 7.5% (up from 6.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 34% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 16
Clean Harbors, Inc. to Report Q3, 2024 Results on Oct 30, 2024 Clean Harbors, Inc. announced that they will report Q3, 2024 results on Oct 30, 2024 Recent Insider Transactions • Sep 18
Co-CEO, Co-President & Director recently sold €2.2m worth of stock On the 16th of September, Michael Battles sold around 10k shares on-market at roughly €221 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months. Announcement • Sep 03
Clean Harbors, Inc. Announces Board Appointments Clean Harbors, Inc. announced that Co-Chief Executive Officers Michael Battles and Eric Gerstenberg have joined the Company’s Board of Directors, effective immediately. The Company’s board was expanded to 13 members in conjunction with these appointments. Mr. Gerstenberg and Mr. Battles will both serve as Class III directors. Gerstenberg, 56, joined Clean Harbors in 1989 and during the past thirty years he has held a variety of positions of increasing responsibility throughout the organization. Prior to being named Co-Chief Executive Officer, he was the Company’s Chief Operating Officer – a position he has held since 2015 – where he had responsibility for the environmental sales and service organization, all of its facilities including incinerators and re-refineries, and oversaw the majority of its workforce. Gerstenberg completed the Advanced Management Program (AMP) at Harvard Business School, and received his Bachelor of Science degree in Engineering from Syracuse University. Battles, 56, joined Clean Harbors in 2013 as Chief Accounting Officer after a long career in public accounting at Deloitte & Touche, and as a finance leader at PerkinElmer, Inc. He was elevated to Chief Financial Officer in 2016 and became Co-Chief Executive Officer in 2023. During his tenure as the Company’s CFO he oversaw the entire finance organization, including multiple debt raises and refinancings, as well as taking on some strategic and operational oversight. He is also a member of the Board of Directors of Casella Waste Systems Inc. (Nasdaq: CWST). Battles holds a BS in Business Administration from the University of Vermont and is a certified public accountant. He also has a Certificate in Cybersecurity Oversight issued by the National Association of Corporate Directors and Carnegie Mellon University. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$2.47 (vs US$2.14 in 2Q 2023) Second quarter 2024 results: EPS: US$2.47 (up from US$2.14 in 2Q 2023). Revenue: US$1.55b (up 11% from 2Q 2023). Net income: US$133.3m (up 15% from 2Q 2023). Profit margin: 8.6% (up from 8.3% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 17
Clean Harbors, Inc. to Report Q2, 2024 Results on Jul 31, 2024 Clean Harbors, Inc. announced that they will report Q2, 2024 results on Jul 31, 2024 Buy Or Sell Opportunity • Jul 08
Now 20% undervalued Over the last 90 days, the stock has risen 10% to €205. The fair value is estimated to be €256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Buy Or Sell Opportunity • Jul 01
Now 22% undervalued Over the last 90 days, the stock has risen 13% to €207. The fair value is estimated to be €264, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Recent Insider Transactions • Jun 14
Founder recently sold €10m worth of stock On the 11th of June, Alan McKim sold around 50k shares on-market at roughly €201 per share. This transaction amounted to 1.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €36m. Buy Or Sell Opportunity • Jun 06
Now 20% undervalued Over the last 90 days, the stock has risen 12% to €195. The fair value is estimated to be €244, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 30%. Revenue is forecast to grow by 16% in 2 years. Earnings are forecast to grow by 31% in the next 2 years. Recent Insider Transactions • May 07
Executive VP & CFO recently sold €1.2m worth of stock On the 3rd of May, Eric Dugas sold around 6k shares on-market at roughly €194 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €12m. Eric has been a net seller over the last 12 months, reducing personal holdings by €1.9m. Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$1.30 (vs US$1.34 in 1Q 2023) First quarter 2024 results: EPS: US$1.30 (down from US$1.34 in 1Q 2023). Revenue: US$1.38b (up 5.3% from 1Q 2023). Net income: US$69.8m (down 3.5% from 1Q 2023). Profit margin: 5.1% (down from 5.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year whereas the company’s share price has increased by 32% per year. Announcement • Apr 19
Clean Harbors, Inc. to Report Q1, 2024 Results on May 01, 2024 Clean Harbors, Inc. announced that they will report Q1, 2024 results on May 01, 2024 Announcement • Apr 11
Clean Harbors, Inc., Annual General Meeting, May 22, 2024 Clean Harbors, Inc., Annual General Meeting, May 22, 2024, at 10:00 Eastern Daylight. Location: Company’s training facility located at 101 Philip Drive Norwell Massachusetts United States Agenda: To consider board elections; to hold an advisory vote on the Company’s executive compensation; to approve the Clean Harbors Employee Stock Purchase Plan; to ratify the selection by the Audit Committee of the Company’s Board of Directors of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the current fiscal year; and to act upon such other business as may properly come before the meeting and any adjournment or postponement thereof. Announcement • Apr 04
Clean Harbors Launches “Total PFAS Solution” Addressing Customers’ Forever Chemicals Needs Clean Harbors, Inc. introduced its “Total PFAS Solution” to address all the needs of customers related to PFAS (per- and poly-fluorinated alkyl substances), which are commonly referred to as forever chemicals. Clean Harbors’ Total PFAS Solution is the industry’s first and only one-stop-shop consisting of eight core elements and providing customers with a range of services from analysis to remediation to disposal. PFAS compounds have been manufactured in the U.S. since the 1930s and became a primary ingredient in nonstick and waterproof coatings. After several decades, development and usage of PFAS greatly expanded with wide-ranging applications, including nonstick cookware, stain-resistant carpeting, grease-resistant food packaging, corrosive-resistant pipes and wires, and eventually AFFF that became the gold standard for fighting chemical fires for more than 50 years. Before scientists and health organizations recognized the potential for adverse impacts on humans and animals, PFAS became ubiquitous around the planet. Eventually, the detrimental health effects of certain categories of PFAS became clear. There has been a strong linkage of PFAS to cancer rates, birth defects and other medical conditions. Addressing PFAS contaminants in various media became a major focus of regulatory authorities across the country. While the U.S. Environmental Protection Agency (EPA) has not yet officially labeled PFAS in all of its many forms as hazardous, the Agency did work with major manufacturers between 2000-2006 to obtain commitments to phase out the production of two forms of PFAS – PFOA (perfluorooctanoic acid) and PFOS (perfluorooctyl sulfonate) – due to health concerns. As of 2015, the manufacture of PFOA and PFOS in the U.S. had largely ceased. In addition, several U.S. states have already begun regulating PFAS in different media, including drinking water, soil, groundwater, and in air emissions. The results of the Company’s 2021 testing demonstrated that common legacy and replacement PFAS – including PFOA, PFOS, PFHxS and Gen-X PFAS – are efficiently and effectively destroyed in Clean Harbors’ high-temperature thermal destruction units at levels exceeding 99.9999% of destruction. Achieving destruction of greater than 99.9999% is equivalent to demonstrating that for every million mass units of a compound introduced into the incinerator, less than one mass unit is detected at the stack. Under the testing conditions, not only were the PFAS compounds sufficiently destroyed, but ambient concentrations from stack emissions were orders of magnitude safer than any state or federal ambient air limit guideline in effect. Recent Insider Transactions • Mar 29
Insider recently sold €1.5m worth of stock On the 27th of March, Brian Weber sold around 8k shares on-market at roughly €184 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €12m. Insiders have been net sellers, collectively disposing of €52m more than they bought in the last 12 months. Announcement • Mar 26
Clean Harbors, Inc. (NYSE:CLH) completed the acquisition of HEPACO, LLC from Gryphon Investors Inc. Clean Harbors, Inc. (NYSE:CLH) agreed to acquire HEPACO, LLC from Gryphon Investors Inc for $400 million on February 6, 2024. As per the terms, the consideration will be paid in cash and transaction is subject to regulatory approval and other customary closing conditions. HEPACO generated full-year 2023 EBITDA of approximately $36 million on $270 million of revenue. Davis, Malm & D'Agostine, P.C. acted as a legal advisor to Clean Harbors, Inc. John Tye, Chris Clark, Tripp Griffin, Robert Kendrick and Jen Donohue of Piper Sandler Companies (NYSE:PIPR) and Houlihan Lokey, Inc. (NYSE:HLI) acted as a financial advisors and Kirkland & Ellis LLP and Moore & Van Allen PLLC acted as a legal advisor to HEPACO, LLC. The acquisition is expected to close in the first half of 2024.
Clean Harbors, Inc. (NYSE:CLH) completed the acquisition of HEPACO, LLC from Gryphon Investors Inc on March 25, 2024. Recent Insider Transactions • Mar 19
Co-CEO & Co-President recently sold €2.6m worth of stock On the 15th of March, Eric Gerstenberg sold around 15k shares on-market at roughly €172 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €12m. Eric has been a net seller over the last 12 months, reducing personal holdings by €5.3m. Recent Insider Transactions • Feb 29
Founder recently sold €12m worth of stock On the 27th of February, Alan McKim sold around 70k shares on-market at roughly €169 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €35m. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$6.99 (vs US$7.59 in FY 2022) Full year 2023 results: EPS: US$6.99 (down from US$7.59 in FY 2022). Revenue: US$5.41b (up 4.7% from FY 2022). Net income: US$377.9m (down 8.2% from FY 2022). Profit margin: 7.0% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 33% per year. Announcement • Feb 08
Clean Harbors, Inc. to Report Q4, 2023 Results on Feb 21, 2024 Clean Harbors, Inc. announced that they will report Q4, 2023 results on Feb 21, 2024 Announcement • Feb 06
Clean Harbors, Inc. (NYSE:CLH) agreed to acquire HEPACO, LLC from Gryphon Investors Inc for $400 million. Clean Harbors, Inc. (NYSE:CLH) agreed to acquire HEPACO, LLC from Gryphon Investors Inc for $400 million on February 6, 2024. As per the terms, the consideration will be paid in cash and transaction is subject to regulatory approval and other customary closing conditions. Davis, Malm & D'Agostine, P.C. acted as a legal advisor to Clean Harbors, Inc. Piper Sandler Companies (NYSE:PIPR) and Houlihan Lokey, Inc. (NYSE:HLI) acted as a financial advisors and Kirkland & Ellis LLP and Moore & Van Allen PLLC acted as a legal advisor to HEPACO, LLC. The acquisition is expected to close in the first half of 2024. Recent Insider Transactions • Dec 24
Founder recently sold €2.8m worth of stock On the 20th of December, Alan McKim sold around 17k shares on-market at roughly €163 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €11m. Alan has been a net seller over the last 12 months, reducing personal holdings by €23m. Recent Insider Transactions • Nov 28
Co-CEO & Co-President recently sold €1.2m worth of stock On the 22nd of November, Eric Gerstenberg sold around 8k shares on-market at roughly €152 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €11m. Eric has been a net seller over the last 12 months, reducing personal holdings by €4.5m. Recent Insider Transactions • Nov 21
Founder recently sold €11m worth of stock On the 17th of November, Alan McKim sold around 75k shares on-market at roughly €151 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €25m. Announcement • Nov 03
Clean Harbors, Inc. Provides Revenue Guidance for 2023 Clean Harbors, Inc. provided revenue guidance for 2023. For the quarter, This range is based on anticipated GAAP net income in the range of $364 million to $384 million. Reported Earnings • Nov 01
Third quarter 2023 earnings released: EPS: US$1.69 (vs US$2.51 in 3Q 2022) Third quarter 2023 results: EPS: US$1.69 (down from US$2.51 in 3Q 2022). Revenue: US$1.37b (flat on 3Q 2022). Net income: US$91.3m (down 33% from 3Q 2022). Profit margin: 6.7% (down from 10.0% in 3Q 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 43% per year whereas the company’s share price has increased by 45% per year. Announcement • Oct 19
Clean Harbors, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Clean Harbors, Inc. announced that they will report Q3, 2023 results on Nov 01, 2023 Recent Insider Transactions • Aug 25
Insider recently sold €1.6m worth of stock On the 23rd of August, George Curtis sold around 10k shares on-market at roughly €158 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €29m more than they bought in the last 12 months. Recent Insider Transactions • Aug 06
Co-CEO & Co-President recently sold €1.5m worth of stock On the 4th of August, Michael Battles sold around 10k shares on-market at roughly €155 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.0m. Michael has been a net seller over the last 12 months, reducing personal holdings by €2.6m. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$2.14 (vs US$2.73 in 2Q 2022) Second quarter 2023 results: EPS: US$2.14 (down from US$2.73 in 2Q 2022). Revenue: US$1.40b (up 3.1% from 2Q 2022). Net income: US$115.8m (down 22% from 2Q 2022). Profit margin: 8.3% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 43% per year, which means it is significantly lagging earnings growth. Announcement • Aug 03
Clean Harbors, Inc. Provides Earnings Guidance for the Year 2023 Clean Harbors, Inc. provided earnings guidance for the year 2023. For the year, the company expects GAAP net income in the range of $372 million to $408 million. Buying Opportunity • Jul 27
Now 21% undervalued Over the last 90 days, the stock is up 16%. The fair value is estimated to be €189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 9.9% in 2 years. Earnings is forecast to decline by 3.0% in the next 2 years. Buying Opportunity • Jul 13
Now 20% undervalued Over the last 90 days, the stock is up 19%. The fair value is estimated to be €190, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 9.6% in 2 years. Earnings is forecast to decline by 3.0% in the next 2 years. Recent Insider Transactions • Jul 07
Co-CEO & Co-President recently sold €1.5m worth of stock On the 3rd of July, Eric Gerstenberg sold around 10k shares on-market at roughly €151 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.0m. Eric has been a net seller over the last 12 months, reducing personal holdings by €3.3m. Buying Opportunity • Jun 23
Now 21% undervalued Over the last 90 days, the stock is up 15%. The fair value is estimated to be €177, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 19% over the last 3 years. Earnings per share has grown by 52%. Revenue is forecast to grow by 9.6% in 2 years. Earnings is forecast to decline by 3.0% in the next 2 years. Recent Insider Transactions • Jun 13
Insider recently sold €729k worth of stock On the 9th of June, Eugene Banucci sold around 5k shares on-market at roughly €145 per share. This transaction amounted to 47% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.0m. Insiders have been net sellers, collectively disposing of €23m more than they bought in the last 12 months. Recent Insider Transactions • Jun 06
Independent Director recently sold €140k worth of stock On the 2nd of June, John Welch sold around 1k shares on-market at roughly €140 per share. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.0m. Insiders have been net sellers, collectively disposing of €21m more than they bought in the last 12 months. Recent Insider Transactions • May 28
Insider recently sold €96k worth of stock On the 24th of May, Melkeya McDuffie sold around 714 shares on-market at roughly €134 per share. This transaction amounted to 6.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €9.0m. Insiders have been net sellers, collectively disposing of €20m more than they bought in the last 12 months. Recent Insider Transactions • May 18
Founder recently sold €9.0m worth of stock On the 16th of May, Alan McKim sold around 70k shares on-market at roughly €128 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €14m. Recent Insider Transactions • May 07
Independent Director recently sold €63k worth of stock On the 4th of May, Lauren States sold around 510 shares on-market at roughly €124 per share. This transaction amounted to 3.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €633k. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Announcement • May 04
Clean Harbors, Inc. Provides Earnings Guidance for 2023 Clean Harbors, Inc. provided earnings Guidance for 2023. For the period, the company expects GAAP net income in the range of $364 million to $400 million. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$1.34 (vs US$0.83 in 1Q 2022) First quarter 2023 results: EPS: US$1.34 (up from US$0.83 in 1Q 2022). Revenue: US$1.31b (up 12% from 1Q 2022). Net income: US$72.4m (up 60% from 1Q 2022). Profit margin: 5.5% (up from 3.9% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 30
Insider recently sold €249k worth of stock On the 27th of March, Michael Twohig sold around 2k shares on-market at roughly €125 per share. This transaction amounted to 6.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €633k. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Recent Insider Transactions • Mar 19
President of Industrial Services recently sold €172k worth of stock On the 15th of March, Robert Speights sold around 1k shares on-market at roughly €126 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Recent Insider Transactions • Mar 05
Independent Director recently sold €477k worth of stock On the 2nd of March, John Preston sold around 4k shares on-market at roughly €127 per share. This transaction amounted to 33% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €1.8m. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Reported Earnings • Mar 02
Full year 2022 earnings released: EPS: US$7.59 (vs US$3.73 in FY 2021) Full year 2022 results: EPS: US$7.59 (up from US$3.73 in FY 2021). Revenue: US$5.17b (up 36% from FY 2021). Net income: US$411.7m (up 103% from FY 2021). Profit margin: 8.0% (up from 5.3% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth. Announcement • Feb 16
Clean Harbors, Inc. to Report Q4, 2022 Results on Mar 01, 2023 Clean Harbors, Inc. announced that they will report Q4, 2022 results on Mar 01, 2023 Recent Insider Transactions • Jan 01
President of Industrial Services recently sold €355k worth of stock On the 29th of December, Robert Speights sold around 3k shares on-market at roughly €107 per share. This transaction amounted to 8.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.6m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Recent Insider Transactions • Dec 23
Chief Operating Officer recently sold €1.8m worth of stock On the 21st of December, Eric Gerstenberg sold around 16k shares on-market at roughly €109 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.6m. Eric has been a net seller over the last 12 months, reducing personal holdings by €2.5m. Recent Insider Transactions • Dec 15
Insider recently sold €376k worth of stock On the 13th of December, Eric Dugas sold around 3k shares on-market at roughly €115 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €4.6m. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Recent Insider Transactions • Nov 30
Founder recently sold €4.6m worth of stock On the 28th of November, Alan McKim sold around 40k shares on-market at roughly €116 per share. This transaction amounted to 1.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Alan has been a net seller over the last 12 months, reducing personal holdings by €9.6m. Announcement • Nov 29
Clean Harbors Announces Results of Third-Party Study Demonstrating Successful Destruction of Pfas Chemicals in Its Commercial Facilities Clean Harbors, Inc. announced the successful results of a comprehensive third-party study demonstrating that the Company’s commercial facilities can safely and thoroughly destroy PFAS (per- and poly-fluorinated alkyl substances) in multiple forms. Conducted at the Company’s RCRA (Resource Conservation and Recovery Act)-permitted facility in Utah, the study demonstrated that Clean Harbors’ use of high-temperature combustion destroyed greater than 99.9999% of PFAS compounds. This performance level meets the strict chemical destruction standards for many of the most dangerous and difficult to destroy hazardous wastes, such as PCBs and dioxins. PFAS compounds have been manufactured since the 1930s and became a primary ingredient in nonstick and waterproof coatings. After several decades, development and usage of PFAS greatly expanded with wide-ranging applications including nonstick cookware, stain-resistant carpeting, grease-resistant food packaging, corrosive-resistant pipes and wires, and eventually aqueous film-forming foam (AFFF) that became the gold standard for fighting chemical fires for over 50 years. Before scientists and health organizations recognized the potential for adverse impacts on humans and animals, PFAS became ubiquitous around the planet. In fact, today in the United States it is estimated that 97-99% of the population carries some level of PFAS in their bloodstream. Eventually, the detrimental health effects of certain categories of PFAS became clear and addressing PFAS contaminants in various media has become a major focus of regulatory authorities across the country. While the U.S. Environmental Protection Agency (EPA) has not yet officially labeled PFAS in its many forms as hazardous, the Agency did work with major manufacturers between 2000-2006 to obtain commitments to phase out the production of two forms of PFAS – PFOA (perfluorooctanoic acid) and PFOS (perfluorooctyl sulfonate) – due to health concerns. As of 2015, the manufacture of PFOA and PFOS in the U.S. had largely ceased. In addition, several U.S. states have already begun regulating PFAS in different media, including drinking water, soil, groundwater, and in air emissions. The results of the 2021 testing demonstrated that common legacy and replacement PFAS – including PFOA, PFOS, PFHxS and Gen-X PFAS – are efficiently and effectively destroyed in Clean Harbors’ high-temperature thermal destruction units at levels exceeding 99.9999% of destruction. Achieving destruction of greater than 99.9999% is equivalent to demonstrating that for every million mass units of a compound introduced into the incinerator, less than one mass unit is detected at the stack. Under the testing conditions, not only were the PFAS compounds sufficiently destroyed, but ambient concentrations from stack emissions were orders of magnitude safer than any state or federal ambient air limit guideline in effect. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$2.51 (vs US$1.20 in 3Q 2021) Third quarter 2022 results: EPS: US$2.51 (up from US$1.20 in 3Q 2021). Revenue: US$1.36b (up 43% from 3Q 2021). Net income: US$135.8m (up 108% from 3Q 2021). Profit margin: 10.0% (up from 6.9% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Commercial Services industry in Germany. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 20
Clean Harbors, Inc. to Report Q3, 2022 Results on Nov 02, 2022 Clean Harbors, Inc. announced that they will report Q3, 2022 results on Nov 02, 2022 Recent Insider Transactions • Sep 13
Insider recently sold €244k worth of stock On the 9th of September, Brian Weber sold around 2k shares on-market at roughly €122 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.9m more than they bought in the last 12 months. Announcement • Sep 07
Clean Harbors, Inc. Announces Board Appointments Clean Harbors, Inc. announced the appointment of Alison Quirk and Shelley Stewart Jr. to its board of directors, effective immediately. Ms. Quirk is former Executive Vice President, Chief Human Resources and Citizenship Officer at State Street Corporation. Mr. Stewart leads consulting firm Bottom Line Advisory LLC as Managing Partner and is former Chief Procurement Officer at DuPont and at Tyco International. The appointments expand the Clean Harbors board to 12 members, 11 of whom are independent. Ms. Quirk and Mr. Stewart were appointed as Class I directors whose term will expire at Clean Harbors’ 2023 annual meeting of shareholders. She will serve on the Compensation Committee. He will serve on the Environmental, Health and Safety Committee. Ms. Quirk retired from State Street in 2017 where she worked for 15 years, the last seven as a member of the company’s senior-most strategy and policy making group. As Chief Human Resources and Citizenship Officer, she was responsible for all aspects of human resources and corporate citizenship, leading a global team of more than 500 people. Prior to State Street, Ms. Quirk spent two decades in HR and business planning roles at FleetBoston Financial, Liberty Financial Companies and Boston Financial Data Services, Inc. Ms. Quirk is a member of the Compliance Committee of Wynn Resorts, responsible for ensuring compliance with federal, state, local and gaming laws. She is an advisor for King Boston. She previously served on the Legg Mason Board of Directors as a member of the Finance Committee and the Nominating and Governance Committee, as well as Chairperson of the Compensation Committee. She also served on a special committee of the board that oversaw the sale of Legg Mason. She holds a bachelor’s degree in Communications from the University of New Hampshire. Mr. Stewart retired in 2018 after six years as Chief Procurement Officer at DuPont where he led procurement, global sourcing and logistics, as well as real estate and facility services. Prior to joining DuPont in 2012, he spent nearly a decade at Tyco International where he was Senior Vice President of Operational Excellence and Chief Procurement Officer and oversaw multiple lean six sigma initiatives. Previously, he held senior executive supply chain positions at Raytheon and Invensys PLC. He also spent 19 years at United Technologies Corporation where he held numerous positions around global sourcing. Mr. Stewart currently serves on the boards of Otis Worldwide and Kontoor Brands, where he sits on their nominating and governance, and audit committees. He also serves on the Board of Trustees of Howard University and the Board of Governors for the University of New Haven. He previously spent several years serving on the board of directors for the Institute for Supply Management. He holds a bachelor’s degree and master’s degree in Criminal Justice from Northeastern University and received his MBA from the University of New Haven. Announcement • Aug 11
Barr Air Patrol, LLC acquired Airborne Imaging, Inc. from Clean Harbors, Inc. (NYSE:CLH). Barr Air Patrol, LLC acquired Airborne Imaging, Inc. from Clean Harbors, Inc. (NYSE:CLH) on June 30, 2022. Barr Air Patrol, LLC and Airborne Imaging Inc. combine to form Barr GeoSpatial Solutions, LLC. Airborne Imaging Inc. will continue to operate from their Calgary, Alberta headquarters as a standalone subsidiary of Barr GeoSpatial Solutions, LLC under the leadership of Jocelyn Parent and Martin Maric. Barr Air Patrol, LLC will continue to operate from their Mesquite and Conroe, Texas offices as an independent subsidiary of Barr GeoSpatial Solutions, LLC under the leadership of Cort Andrews. Edward A. Feuerstein has been named Chairman and Chief Executive Officer of Barr GeoSpatial Solutions, LLC. Mesirow Financial, Inc. arranged the financing for the transaction.
Barr Air Patrol, LLC completed the acquisition of Airborne Imaging, Inc. from Clean Harbors, Inc. (NYSE:CLH) on June 30, 2022. Recent Insider Transactions • Aug 10
Independent Director recently sold €237k worth of stock On the 8th of August, John Preston sold around 2k shares on-market at roughly €109 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$2.73 (vs US$1.23 in 2Q 2021) Second quarter 2022 results: EPS: US$2.73 (up from US$1.23 in 2Q 2021). Revenue: US$1.36b (up 46% from 2Q 2021). Net income: US$148.2m (up 121% from 2Q 2021). Profit margin: 11% (up from 7.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 6.5% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
Clean Harbors, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022 Clean Harbors, Inc. provided earnings guidance for the year ending December 31, 2022. For the year, the company expects GAAP net income to be in the range of $355 million to $390 million. Announcement • Jul 21
Clean Harbors, Inc. to Report Q2, 2022 Results on Aug 03, 2022 Clean Harbors, Inc. announced that they will report Q2, 2022 results on Aug 03, 2022 Announcement • May 27
Clean Harbors, Inc., Annual General Meeting, May 25, 2022 Clean Harbors, Inc., Annual General Meeting, May 25, 2022, at 10:00 Eastern Daylight. Location: 42 Longwater Drive, Norwell Massachusetts United States Agenda: To elect three Class III members of the Board of Directors of the company to serve until the 2025 annual meeting of shareholders and until their respective successors are duly elected; to consider an advisory vote on the company’s executive compensation; to ratify the selection by the Audit Committee of the company's Board of Directors of Deloitte & Touche LLP as the company's independent registered public accounting firm for the current fiscal year; and to act upon such other business as may properly come before the meeting and any adjournment thereof. Recent Insider Transactions • May 12
Independent Director recently sold €65k worth of stock On the 10th of May, Lauren States sold around 750 shares on-market at roughly €86.09 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.0m. Insiders have been net sellers, collectively disposing of €14m more than they bought in the last 12 months. Reported Earnings • May 06
First quarter 2022 earnings released: EPS: US$0.83 (vs US$0.40 in 1Q 2021) First quarter 2022 results: EPS: US$0.83 (up from US$0.40 in 1Q 2021). Revenue: US$1.17b (up 45% from 1Q 2021). Net income: US$45.3m (up 109% from 1Q 2021). Profit margin: 3.9% (up from 2.7% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 14%, compared to a 14% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Announcement • May 05
Clean Harbors, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022 Clean Harbors, Inc. provided earnings guidance for the year ending December 31, 2022. For the year, the company expects Projected GAAP net income in the range of $225 million to $258 million. Recent Insider Transactions • Mar 29
Chief Operating Officer recently sold €672k worth of stock On the 25th of March, Eric Gerstenberg sold around 7k shares on-market at roughly €97.03 per share. In the last 3 months, there was an even bigger sale from another insider worth €3.0m. Eric has been a seller over the last 12 months, reducing personal holdings by €2.2m. Announcement • Mar 29
The Samuel Law Firm Files Class Action Lawsuit Against Safety-Kleen Systems, Inc. and Clean Harbors, Inc The Samuel Law Firm has filed a federal class action lawsuit against environmental Safety-Kleen Systems, Inc. and its parent company, Clean Harbors, Inc., on behalf of eight current and former employees. The suit, filed in the United States District Court for the Southern District of New York, alleges that the nationwide environmental services provider Safety-Kleen and Clean Harbors failed to comply with the Federal Labor Standards Act and various state labor laws by knowingly failing to pay its non-exempt employees overtime compensation. According to the allegations contained in the 36-page complaint filed by Michael Samuel, Esq., the eight named plaintiffs worked as Safety-Kleen sales and service representatives in New York, Pennsylvania and New Jersey during various periods from 2010 to the present, and also staffed household hazardous waste collection events for Clean Harbors on weekends, typically working significantly more than forty hours per week, but were not paid overtime compensation. According to the ten-count complaint, the defendants also allegedly failed to pay the two New York based plaintiffs spread-of-hours compensation, required under New York Labor Law, for daily shifts lasting longer than ten hours. The lawsuit further alleges that the employees were not provided with proper wage notices, or weekly wage statements.?The ten-count class action complaint requests a compensatory award of unpaid overtime, minimum wage, and spread of hours pay, back pay, statutory and liquidated damages, interest rate and attorney fees. Recent Insider Transactions • Mar 04
Independent Director recently sold €85k worth of stock On the 25th of February, Andrea Robertson sold around 1k shares on-market at roughly €84.59 per share. In the last 3 months, there was an even bigger sale from another insider worth €209k. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Reported Earnings • Feb 24
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$3.73 (up from US$2.43 in FY 2020). Revenue: US$3.81b (up 21% from FY 2020). Net income: US$203.2m (up 51% from FY 2020). Profit margin: 5.3% (up from 4.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 17%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 24
Clean Harbors, Inc. Provides Earnings Guidance for the Year Ending December 31, 2022 Clean Harbors, Inc. provided earnings guidance for the year ending December 31, 2022. For the year, the company expects Projected GAAP net income in the range of $204 million to $237 million. Announcement • Feb 10
Clean Harbors, Inc. to Report Q4, 2021 Results on Feb 23, 2022 Clean Harbors, Inc. announced that they will report Q4, 2021 results on Feb 23, 2022 Recent Insider Transactions • Dec 31
Insider recently sold €209k worth of stock On the 30th of December, Brian Weber sold around 2k shares on-market at roughly €87.35 per share. In the last 3 months, there was an even bigger sale from another insider worth €229k. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Recent Insider Transactions • Dec 15
Insider recently sold €185k worth of stock On the 10th of December, Robert Speights sold around 2k shares on-market at roughly €87.52 per share. In the last 3 months, there was an even bigger sale from another insider worth €229k. Insiders have been net sellers, collectively disposing of €12m more than they bought in the last 12 months. Recent Insider Transactions • Dec 08
Insider recently sold €229k worth of stock On the 1st of December, Jeffrey Knapp sold around 2k shares on-market at roughly €93.13 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €11m more than they bought in the last 12 months. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.20 (vs US$0.99 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: US$951.5m (up 22% from 3Q 2020). Net income: US$65.4m (up 19% from 3Q 2020). Profit margin: 6.9% (down from 7.0% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Sep 14
Insider recently sold €216k worth of stock On the 10th of September, Brian Weber sold around 3k shares on-market at roughly €85.74 per share. In the last 3 months, there was an even bigger sale from another insider worth €2.6m. Insiders have been net sellers, collectively disposing of €13m more than they bought in the last 12 months. Board Change • Sep 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Rob Willett was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Aug 25
Chief Operating Officer recently sold €1.5m worth of stock On the 20th of August, Eric Gerstenberg sold around 18k shares on-market at roughly €85.84 per share. This was the largest sale by an insider in the last 3 months. This was Eric's only on-market trade for the last 12 months.