Clean Harbors, Inc. (NYSE:CLH) Q3 2023 Results Conference Call November 1, 2023 9:00 AM ET
Company Participants
Michael McDonald - General Counsel
Eric Gerstenberg - Co-CEO
Mike Battles - Co-CEO
Eric Dugas - EVP, CFO
Conference Call Participants
Tyler Brown - Raymond James
Michael Hoffman - Stifel
David Manthey - Baird
Jerry Revich - Goldman Sachs
Noah Kaye - Oppenheimer
James Ricchiuti - Needham
Larry Solow - CJS Securities
Tobey Sommer - Truist
Jon Windham - UBS
Operator
Greetings, and welcome to Clean Harbors Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Michael McDonald, General Counsel. Thank you, sir. You may begin.
Michael McDonald
Thank you, Christy, and good morning, everyone. With me on today's call are our Co-Chief Executive Officers, Eric Gerstenberg and Mike Battles; and our EVP and Chief Financial Officer, Eric Dugas; and SVP of Investor Relations, Jim Buckley. Slides for today's call are posted on our Investor Relations website, and we invite you to follow along.
Matters we are discussing today that are not historical facts are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Participants are cautioned not to place undue reliance on these statements, which reflect management's opinions only as of today, November 1, 2023. Information on potential factors and risks that could affect our results is included in our SEC filings. The company undertakes no obligation to revise or publicly release the results of any revision to the statements made today other than through filings made concerning this reporting period.
Today's discussion includes references to non-GAAP measures. Clean Harbors believes that such information provides an additional measurement consistent historical comparison of its performance. Reconciliations of these measures to the most directly comparable GAAP measures are available in today's news release, on our website in the appendix of today's presentation.
Let me turn the call over to Eric Gerstenberg to start. Eric?
Eric Gerstenberg
Thanks, Michael. Good morning, everyone, and thank you for joining us. Turning to our Q3 financial performance on Slide 3. Our Environmental Services segment delivered its eighth consecutive quarter of profitable growth in Q3, and we expanded our margins by 120 basis points. While we experienced some planned challenges in the quarter, demand remains high for those scarce assets that support our disposal and recycling services.