Clean Harbors (MM) (NASDAQ:CLHB)
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Clean Harbors, Inc. (NASDAQ: CLHB):
Company to Trade Under the Ticker Symbol “CLH”
Clean Harbors, Inc. (“Clean Harbors”) (NASDAQ: CLHB), the leading
provider of environmental and hazardous waste management services
throughout North America, today announced that it has filed an
application to list its common stock on the New York Stock Exchange
(“NYSE”). Upon approval of its application, Clean Harbors expects the
shares of its common stock to begin trading on the NYSE on December 15,
2008, under the symbol “CLH.” Until that time, Clean Harbors’ stock will
continue to trade on The NASDAQ Global Select Market under the symbol
“CLHB.”
“We are honored to partner with the NYSE – the most recognized stock
exchange in the world,” said Alan S. McKim, Chairman and Chief Executive
Officer. “Listing on the NYSE reflects the progress that Clean Harbors
has achieved in recent years. Based on the contributions of our
dedicated team of employees, we remain on track to achieve our objective
of surpassing $1 billion in revenue this year. We look forward to
benefiting from the prestige and visibility associated with the NYSE. We
are grateful to The NASDAQ Stock Market for the role it has played in
our Company’s growth.”
Clean Harbors’ current market capitalization (excluding shares held by
affiliates) is more than $1.2 billion. At the close of trading on
October 27, 2008, Clean Harbors’ common stock was added to the S&P
MidCap 400 Index.
"We are pleased to welcome Clean Harbors to our growing family of
NYSE-listed companies, and we look forward to an outstanding and long
lasting partnership with the company," said Noreen M. Culhane, Executive
Vice President, Global Corporate Client Group, NYSE Euronext.
About Clean Harbors
Clean
Harbors is North America's leading provider of environmental and
hazardous waste management services. With an unmatched infrastructure of
waste management facilities, Clean Harbors serves over 45,000 customers,
including more than 325 Fortune 500 companies, thousands of smaller
private entities and numerous federal, state and local governmental
agencies. Clean Harbors’ Technical Services provides a broad range of
hazardous material management and disposal services including hazardous
and non-hazardous waste recycling,
treatment
and disposal, CleanPack®
laboratory
chemical packing, and household
hazardous waste management services. Clean Harbors’ Site Services
provides field
services, industrial
services, vacuum
services, emergency
response and disaster
recovery, transformer
services, tank
cleaning and decontamination.
Headquartered in Norwell, Massachusetts, Clean Harbors has more than 100
locations strategically positioned throughout North America in 36 U.S.
states, six Canadian provinces, Mexico and Puerto Rico. For more
information, visit www.cleanharbors.com.
Safe Harbor Statement
Any statements contained herein that are not historical facts are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, and involve risks and uncertainties.
These forward-looking statements are generally identifiable by use of
the words “believes,” “expects,” “intends,” “anticipates,” “plans to,”
“estimates,” “projects,” or similar expressions. These forward-looking
statements are subject to certain risks and uncertainties that could
cause actual results to differ materially from those reflected in these
forward-looking statements. Readers are cautioned not to place undue
reliance on these forward-looking statements, which reflect management’s
opinions only as of the date hereof. The Company undertakes no
obligation to revise or publicly release the results of any revision to
these forward-looking statements other than through its various filings
with the Securities and Exchange Commission. Furthermore, all financial
information in this press release is based on preliminary data and is
subject to the final closing of the Company’s books and records.
A variety of factors beyond the control of the Company may affect the
Company’s performance, including, but not limited to:
The Company’s ability to manage the significant environmental
liabilities that it assumed in connection with the CSD and other
acquisitions;
The availability and costs of liability insurance and financial
assurance required by governmental entities relating to our facilities;
The effects of general economic conditions in the United States,
Canada and other territories and countries where the Company does
business;
The effect of economic forces and competition in specific marketplaces
where the Company competes;
The possible impact of new regulations or laws pertaining to all
activities of the Company’s operations;
The outcome of litigation or threatened litigation or regulatory
actions;
The effect of commodity pricing on overall revenues and profitability;
Possible fluctuations in quarterly or annual results or adverse
impacts on the Company’s results caused by the adoption of new
accounting standards or interpretations or regulatory rules and
regulations;
The effect of weather conditions or other aspects of the forces of
nature on field or facility operations;
The effects of industry trends in the environmental services and waste
handling marketplace; and
The effects of conditions in the financial services industry on the
availability of capital and financing.
Any of the above factors and numerous others not listed nor foreseen may
adversely impact the Company’s financial performance. Additional
information on the potential factors that could affect the Company’s
actual results of operations is included in its filings with the
Securities and Exchange Commission, which may be viewed on www.cleanharbors.com/investor_relations.