Clean Harbors, Inc. (NYSE:CLH) Q4 2022 Earnings Call Transcript

Mike Battles: Michael, this is Mike. I’ll answer that. You’re right that it does take increased regulation kind of the definition of kind of how clean is clean. It’s hard for our customers who may have PFAS in their soil or somewhere on their sites to address the issue because there’s not a clear definition of when am I done? What is clean? And so we think like this will take some time to get that regulations in place. And I think that PFAS will play out over decades. And I think like PCBs, it will be a winner for Clean Harbors and for the industry for a very long time. To the point to your second question is, can we take the soil, if you will, in our current incinerators from a permanent projective, the answer is yes. And sometimes, it’s just an add-on because it’s so inert.

And so I do think that is a clear opportunity for us and we’ve seen it in some public environments in Air Force bases in other areas, military bases, where we’ve done some of this work and we will continue to do this work. And I do think, like you, I think it’s a very long-term tailwind for Clean Harbors and for the industry.

Michael Hoffman: Okay, thanks for taking the question.

Mike Battles: Thank you, Michael.

Operator: We have no further questions at this time. Mr. McKim, I would like to turn the floor back over to you for closing comments.

Alan McKim: Okay. Thanks for joining us today. Mike, Eric Dugas and Jim will be participating at the Raymond James conference next week. And as Mike mentioned, we’ll be hosting our Investor Day in four weeks. I look forward to seeing some of you there in person later this month. Thanks for being here today.

Operator: Ladies and gentlemen, this does conclude today’s teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a wonderful day.