Clean Harbors, Inc. Q3 2008 Earnings Call Transcript

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2008-11-05 10:11:13.0

Tags: Competitor, Call Transcript, Customer, Earnings, Clean Harbors Inc., Team Management, Management, Seeking Alpha, Competitor, Call Transcript, Customer, Earnings, Clean Harbors Inc., Team Management, Management, Seeking Alpha

Question-and-Answer Session

Operator

(Operator instructions) Our first question comes from Larry Solow with CJS Securities. Please proceed with your question.

Larry SolowCJS Securities

Hi, good morning.

Alan McKim

Good morning.

Jim Rutledge

Good morning.

Larry SolowCJS Securities

Could you may be just discuss Alan a little bit more on Ike and maybe its impact on some of your customers in the Gulf region going into Q4 and, I believe, some of your competitors also had some issues down there?

Alan McKim

Yes. We were fortunate with our Deer Park facility just we were down just for the 5 days. The team did a great job of taking the plant down and dealing with the storm and then getting the plant quite frankly back up. We had some damage but we had about 500 employees in that area home for quite a few days as they tried to recover for themselves personally as well as we tried to help our customers recover. I don’t think the Gulf is anywhere near back to it’s normal state if you would that there is a lot of clean-up still going on, there’s a lot of work still to be done and certainly our customers are ramping up. And also some of our competitors as you mentioned had a more difficult time getting power, particularly and dealing with the water damage, particularly the mixing of the salt in fresh water for some of the cooling systems that impacted our competitors and also our customers. So, it was a quite a lot of devastation with Ike in the Houston Ship Channel Area.

Larry SolowCJS Securities

And also, I believe Veolia was actually down for quite a while and that maybe helped you capture some new business or maybe when things normalize a little bit that will show up more?

Alan McKim

You know, we certainly try to help each other. While they were down they had some clients that we could certainly help with them on, but they are back up and running and from what I understand running fine and, you know, we did not see any particular windfall at all from their shutdown.

Larry SolowCJS Securities

Got you. And then just on the capacity, it looks like – as the capacity rolls, I assume that is mostly coming in on the U.S. side. Is that correct on your new capacity incinerator?

 

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