Clean Harbors, Inc. (NYSE:CLH) Q2 2024 Earnings Call July 31, 2024 9:00 AM ET

Company Participants

Michael McDonald - General Counsel
Eric Gerstenberg - Co-Chief Executive Officer
Mike Battles - Co-Chief Executive Officer
Eric Dugas - Executive Vice President and Chief Financial Officer
Jim Buckley - Senior Vice President, Investor Relations

Conference Call Participants

Tyler Brown - Raymond James
Adam Bubes - Goldman Sachs
David Manthey - Baird
James Ricchiuti - Needham & Company
Tobey Sommer - Truist Securities
Brian Butler - Stifel
Noah Kaye - Oppenheimer
Jon Windham - UBS

Operator

Good day, ladies and gentlemen and welcome to the Clean Harbors Second Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to turn the floor over to your host, Michael McDonald, General Counsel for Clean Harbors. Sir, the floor is yours.

Michael McDonald

Thank you, Latanya 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 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, July 31, 2024. 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 and 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 and 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. Because safety is the foundation of our core values at Clean Harbors, I will start by highlighting our total recordable incident rate, which on a year-to-date basis is 0.70, which is consistent with where we were a year ago at this time. The recent impact on some of our employees by Hurricane Beryl in the Gulf as well as both the Alberta and California wildfires is a reminder of how critical it is to be prepared for any kind of crises situation. Thankfully, all of our employees in these regions are safe.