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Heritage-Crystal Clean, Inc. (OQ:HCCI)

Business Focus: Environmental Services & Equipment

Sector:  Industrials Industry:  Environmental Services & Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: 2175 Point Blvd Ste 375
ELGIN IL 60123-9211
Tel: N/A
Website: www.crystal-clean.com
IR: See website
Key People
Brian Recatto
President, Chief Executive Officer, Director
Mark DeVita
Chief Financial Officer
Ellie M. Chaves
Vice President of Business Management and Marketing
Business Overview
Heritage-Crystal Clean, Inc. provides full-service parts cleaning, containerized waste management, used oil collection, vacuum truck services and antifreeze recycling. The Company owns and operates a used oil re-refinery. The Company operates through two segments: Environmental Services and Oil Business. The Company provides hazardous and non-hazardous waste services to small and mid-sized customers in both the manufacturing and vehicle maintenance sectors. The Environmental Services segment consists of the Company's parts cleaning, containerized waste management, vacuum truck services, used antifreeze recycling activities and field services. The Oil Business segment consists of used oil collection activities, sale of recycled fuel oil, re-refining activities, and oil filter removal and disposal services. Through its re-refining process, the Company recycles used oil into lubricant base oil and by-products, and it is a supplier to firms that produce and market finished lubricants.
Financial Overview
For the 36 weeks ended 05 September 2020,Heritage-Crystal Clean, Inc. revenues decreased 10% to$273.9M. Net income decreased 37% to $6.6M. Revenuesreflect Oil Bussiness segment decrease of 26% to $74.2M,Environmental Servives segment decrease of 3% to $199.7M.Net income also reflects Depreciation and amortizationincrease of 34% to $16.4M (expense), Interest expense net- Balancing value increase from $175K to $605K (expense).