- Clean Harbors Inc (NYSE:CLH) has unveiled its five-year financial targets, called “Vison 2027.”
- Based on the organic growth only model, the company expects 2027 Adjusted EBITDA of ~$1.4 billion and adjusted free cash flow of ~$600 million.
- With a model combining both organic growth and acquisitions, the company expects to generate 2027 Adjusted EBITDA of about $2.0 billion and adjusted free cash flow of about $800 million.
- “Vision 2027 is our plan for building on our track record of growth and sustainability through a continued focus on value creation across all areas of our business,” said co-CEO Eric Gerstenberg.
- The company assumes expected revenue growth that is 100-300 basis points above U.S. GDP. and expected adjusted EBITDA growth that is 200-300 basis points above revenue growth.
- As previously announced, as part of a planned transition, on March 31, 2023, Clean Harbors founder Alan McKim will step down as President and CEO to become the company’s Executive Chairman and Chief Technology Officer.
- Price Action: CLH shares are trading higher by 0.99% at $134.32 on the last check Wednesday.
European Union Calls For Fast-Tracking Capital Rules For Banks Holding Cryptocurrencies
The European Union (EU) must expedite the rollout of strict capital rules for banks holding crypto assets in a pending banking law if it wants to meet the deadline set by the Basel Committee, warned the bloc's executive.
