Morningstar Rating

Stock Research and Analysis

by Barbara Noverini

Bulls Say

Management has finally shown willingness to shed noncore assets, which should result in improved ROICs after several years of poor performance.
Clean Harbors' new El Dorado incinerator should come on line in late 2016, which is likely to boost growth in the moaty Technical Services segment that houses its disposal business.
As North American industrial production increases, Clean Harbors should benefit from the resulting rise in hazardous waste volumes. Read more 

Bears Say

Safety Kleen continues to face an uphill battle against volatile base oil pricing.
Although a carve-out has been proposed, exiting the lodging business has been slow going, and the segment continues to worsen.
Weakened energy sector spending has affected Clean Harbors' Oil and Gas segment especially hard, suggesting the company remains a minor league player in a sea of oilfield service suppliers. Read more 


Alan McKim has been CEO, chairman, and president since the company's inception in 1980. Under his watch, the company grew from its legacy hazardous waste disposal business into a multibillion-dollar firm offering a variety of specialized disposal and   Read more 


Clean Harbors' disposal assets include incinerators, landfills, and transfer stations, which together represent one of the largest integrated hazardous waste disposal networks   Read more 

Friday Five: 2016 Looks More Likely for Rate Hike 
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