Heritage-Crystal Clean, Inc. (NASDAQ:HCCI) Q1 2023 Earnings Conference Call May 10, 2023 10:00 AM ET

Company Participants

Mark DeVita – Executive Vice President and Chief Financial Officer

Brian Recatto – President and Chief Executive Officer

Conference Call Participants

Tobey Sommer – Truist Securities

Quinn Fredrickson – Baird

Michael Hoffman – Stifel

Kevin Steinke – Barrington Research

Operator

Good morning, ladies and gentleman, and welcome to the Heritage-Crystal Clean, Incorporated First Quarter 2023 Earnings Conference Call. Today’s call is being recorded. At this time, all callers’ microphones are muted and you will have an opportunity at the end of the presentation to ask your questions. [Operator Instructions]

With us today from the company are the President and Chief Executive Officer, Mr. Brian Recatto; and the Executive Vice President and Chief Financial Officer, Mr. Mark DeVita.

At this time, I would like to turn the call over to Mark DeVita. Please go ahead, sir.

Mark DeVita

Thank you, Jerald and good morning everyone. Some of the comments we will make today are forward-looking. These forward-looking statements speak as of today and you should not rely on them as representing our views in the future. We undertake no obligation to update these statements after this call. Please refer to our SEC filings, including our Annual Report on Form 10-K, as well as our earnings release posted on our website for more detailed description of the risk factors that may affect our results. Copies of these documents may be obtained from the SEC or by visiting the Investor Relations section of our website.

Also, please note that certain financial measures we may use on this call are non-GAAP measures. Please see our website for reconciliations of these non-GAAP financial measures to GAAP.

We want to remind everyone that we have begun reporting our results in three segments, beginning in the first quarter of 2023. Our Oil Business segment will continue to reflect the same activities reflected in the Oil Business segment in the past. However, we have begun to report the results from the former Patriot Environmental business, the HCC Legacy Field Services business, and the operations of our non-hazardous waste processing facilities in our new Industrial and Field Services segment. The remainder of the activity historically reported in the Environmental Services segment will continue to be reported in the new Environmental Services segment.

In addition to the reporting segment change I just discussed, beginning with our 2023 fiscal year, we are reporting our results on a calendar quarter and calendar year basis. For more information about our company, please visit our website.