Clean Harbors Unveils 2027 Growth Targets Amidst Planned Management Transition

  • Clean Harbors Inc CLH has unveiled its five-year financial targets, called "Vison 2027."
  • Based on the organic growth only model, the company expects 2027 Adjusted EBITDA of ~$1.4 billion and adjusted free cash flow of ~$600 million.
  • With a model combining both organic growth and acquisitions, the company expects to generate 2027 Adjusted EBITDA of about $2.0 billion and adjusted free cash flow of about $800 million.
  • "Vision 2027 is our plan for building on our track record of growth and sustainability through a continued focus on value creation across all areas of our business," said co-CEO Eric Gerstenberg.
  • The company assumes expected revenue growth that is 100-300 basis points above U.S. GDP. and expected adjusted EBITDA growth that is 200-300 basis points above revenue growth.
  • As previously announced, as part of a planned transition, on March 31, 2023, Clean Harbors founder Alan McKim will step down as President and CEO to become the company's Executive Chairman and Chief Technology Officer.
  • Price Action: CLH shares are trading higher by 0.99% at $134.32 on the last check Wednesday.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsGuidanceGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!