Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Q4 2022 Earnings Call Transcript

Mark DeVita: When we’d like to get there this year, but Brian stated, and you might not have heard it, but yes, we’re probably not going to €“ we’re not forecasting to get there this year. But that’s certainly where this business belongs. I mean, especially, and if you get out of, and this would be maybe three to five to even more out, but if you got to a point where you weren’t growing anymore, you know that over half of our branches are not of what we would consider a fully loaded. Yes, route op or optimized routing. So not routing from a transportation standpoint, but loaded from a route efficiency standpoint. So this business €“ because we see it in individual branches, the new environmental services business without industrial and field services in it, that could be a 30% margin business over the long-term.

Gerard Sweeney: Got it. Great. Thanks. I appreciate it.

Brian Recatto: Thank you.

Mark DeVita: Thanks, Gerry.

Operator: There are no further questions at this time. This concludes today’s conference call. You may now disconnect.