Private company

Heritage-Crystal Clean, Inc.

Heritage-Crystal Clean, Inc. is an American sanitary services company, incorporated in Delaware.1 It is headquartered in Hoffman Estates, Illinois.1

Last updated Oct 20, 2026.

Overview

  • IndustrySanitary Services1
  • HeadquartersHoffman Estates, Illinois1
  • Incorporated inDE2
  • Business address2000 Center Drive, Suite East C300, Hoffman Estates, Il 601922
  • Filer categoryAccelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

17.4%Operating margin3
12.4%Net margin3
78.6%Revenue growth, 20223
19.7%Return on equity3
0.21×Debt to equity3
$44.9MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Research and development0¢$300.0K
  • Selling, general and admin10¢$70.8M
  • Other costs73¢$495.5M
  • Income tax4¢$30.4M
  • Profit12¢$84.8M

Out of $681.7M in revenue.3

Where each dollar of operating cash went, fiscal 2022

  • Capital spending52¢$47.7M
  • Kept or used elsewhere48¢$44.9M

Out of $92.6M of cash from operations.3

Financial statements

Revenue45673$681.7M in 2022+96% since 2016
0$200.0M$400.0M$600.0M$800.0M2016: $347.6M$347.6M20162017: $366.0M$366.0M2017+5%2018: $409.8M$409.8M2018+12%2019: $421.8M$421.8M2019+3%2021: $381.7M$381.7M2021−10%2022: $681.7M$681.7M2022+79%
Operating income45673$118.4M in 2022+987% since 2016
0$50.0M$100.0M$150.0M2016: $10.9M$10.9M20162017: $35.4M$35.4M2017+225%2018: $21.5M$21.5M2018−39%2019: $12.9M$12.9M2019−40%2021: $18.0M$18.0M2021+40%2022: $118.4M$118.4M2022+557%
Net income45673$84.8M in 2022+1351% since 2016
0$25.0M$50.0M$75.0M$100.0M2016: $5.8M$5.8M20162017: $28.1M$28.1M2017+381%2018: $14.7M$14.7M2018−48%2019: $8.4M$8.4M2019−43%2021: $11.9M$11.9M2021+43%2022: $84.8M$84.8M2022+610%
Fiscal year2016201720182019202020212022
Revenue$347.6M4$366.0M5$409.8M6$421.8M7$381.7M3$681.7M3
Research and development$200.0K4$500.0K5$400.0K6$200.0K7$300.0K3$300.0K3
Selling, general and admin$49.8M4$47.4M5$47.7M6$50.2M7$47.1M3$70.8M3
Operating expenses$496.4M3
Operating income$10.9M4$35.4M5$21.5M6$12.9M7$18.0M3$118.4M3
Income before tax$115.2M3
Income tax$2.8M4$5.9M5$5.5M6$3.2M7$4.8M3$30.4M3
Net income$5.8M4$28.1M5$14.7M6$8.4M7$11.9M7$84.8M3
Earnings per share$0.264$1.245$0.646$0.367$0.513$3.603
Earnings per share (diluted)$0.264$1.235$0.636$0.367$0.513$3.583
Shares (weighted, basic)23.5M shares3
Shares (weighted, diluted)23.7M shares3

Compare Heritage-Crystal Clean, Inc. with another company

Corporate structure

Heritage-Crystal Clean, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Heritage-Crystal Clean, Inc.

  • ArrowMark Colorado Holdings LLC Filed SC 13G/A on Heritage-Crystal Clean, Inc., latest Feb 14, 2024 (3 filings since Feb 14, 2022)
  • GLAZER CAPITAL, LLC Filed SC 13G/A on Heritage-Crystal Clean, Inc., latest Oct 27, 2023 (2 filings since Sep 25, 2023)
  • Fred M. Fehsenfeld Jr. Filed SC 13G/A on Heritage-Crystal Clean, Inc., latest May 18, 2023
  • Maggie Trust 106 FBO F M Fehsenfeld & issue UAD 12 30 1974 Filed SC 13G/A on Heritage-Crystal Clean, Inc., latest May 18, 2023
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Heritage-Crystal Clean, Inc., latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • Heritage-Crystal Clean, Inc. Hoffman Estates, Illinois

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Heritage-Crystal Clean, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$327.0M3 Dec 31, 2022$254.0M3 Jan 1, 2022+28.7%
Property and equipment, net$222.9M3 Dec 31, 2022$166.3M3 Jan 1, 2022+34.1%
Operating-lease assets (leased space)$81.0M3 Dec 31, 2022$64.8M3 Jan 1, 2022+25.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$22.1M3 Dec 31, 2022$56.3M3 Jan 1, 2022−60.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$112.2M3 Dec 31, 2022$49.7M3 Jan 1, 2022+125.8%
Intangible assets, net (excluding goodwill)$102.3M3 Dec 31, 2022$45.9M3 Jan 1, 2022+122.7%
Finite-lived intangibles, gross$143.4M3 Dec 31, 2022$79.3M3 Jan 1, 2022+80.8%
Accumulated amortization$41.1M3 Dec 31, 2022$33.3M3 Jan 1, 2022+23.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$40.7M3 Dec 31, 2022$29.5M3 Jan 1, 2022+37.9%

Leadership

Who has led Heritage-Crystal Clean, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Joseph Chalhoub2008–2017
  2. Brian Recatto2017–2023

President

  1. Joseph Chalhoub2008–2017
  2. Brian Recatto2017–2023

Chief financial officer

  1. Gregory Ray2008–2011
  2. Mark Devita2012–2023

Chief operating officer

  1. Gregory Ray2012–2017
2010201520202025
Board members and other officers (14)

Timeline

  1. Oct 17, 20238-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer29
  2. Oct 11, 20238-K Shareholder vote30
  3. Sep 6, 20238-K Other events31
  4. Aug 24, 20238-K Other events32
  5. Aug 9, 20238-K Results of operations33
  6. Jul 20, 20238-K Entered a material agreement; Regulation FD disclosure; Other events34
  7. Jun 16, 20238-K Shareholder vote35
  8. May 9, 20238-K Results of operations36
  9. Apr 17, 20238-K Entered a material agreement37
  10. Mar 1, 20238-K Results of operations38
  11. Dec 9, 20228-K Executive or director change39
  12. Nov 9, 20228-K Executive or director change40
  13. Mar 28, 2017New chief executive Brian Recatto becomes CEO11
  14. Mar 11, 2008New chief executive Joseph Chalhoub becomes CEO12

Calendar

When it reported results

  1. Aug 9, 2023Reported quarterly or annual results33
  2. May 9, 2023Reported quarterly or annual results36
  3. Mar 1, 2023Reported quarterly or annual results38
  4. Oct 19, 2022Reported quarterly or annual results41
  5. Jul 27, 2022Reported quarterly or annual results42
  6. May 4, 2022Reported quarterly or annual results43
  7. Mar 2, 2022Reported quarterly or annual results44
  8. Oct 20, 2021Reported quarterly or annual results45

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

121 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 24 major events, 47 insider forms, 9 large holders, 33 other. The latest 20:

  1. Feb 14, 2024SC 13G/A EDGAR
  2. Oct 30, 2023EFFECT EDGAR
  3. Oct 27, 202315-12G EDGAR
  4. Oct 27, 2023SC 13G/A EDGAR
  5. Oct 18, 20234 EDGAR
  6. Oct 18, 20234 EDGAR
  7. Oct 18, 20234 EDGAR
  8. Oct 18, 20234 EDGAR
  9. Oct 17, 2023POS AM EDGAR
  10. Oct 17, 2023S-8 POS EDGAR
  11. Oct 17, 2023S-8 POS EDGAR
  12. Oct 17, 2023S-8 POS EDGAR
  13. Oct 17, 2023S-8 POS EDGAR
  14. Oct 17, 20238-K EDGAR
  15. Oct 17, 20234 EDGAR
  16. Oct 17, 20234 EDGAR
  17. Oct 17, 20234 EDGAR
  18. Oct 17, 20234 EDGAR
  19. Oct 17, 20234 EDGAR
  20. Oct 11, 20238-K EDGAR

The 121 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

12 open-market trades by officers, directors and large owners since October 2021: 1 buys and 11 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 9, 2023Willmschen Robert W JrDirectorSale331$37.09$12.3KForm 4
Mar 8, 2023Willmschen Robert W JrDirectorSale3,984$37.03$147.5KForm 4
Aug 24, 2022Fehsenfeld Fred M JrDirectorSale46,559$32.71$1.5MForm 4
Aug 23, 2022Fehsenfeld Fred M JrDirectorSale101,151$32.74$3.3MForm 4
Aug 18, 2022Fehsenfeld Fred M JrDirectorSale118,072$33.57$4.0MForm 4
Aug 17, 2022Fehsenfeld Fred M JrDirectorSale75,640$33.39$2.5MForm 4
Aug 17, 2022Falcone CarmineDirectorSale1,500$33.40$50.1KForm 4
Aug 16, 2022Fehsenfeld Fred M JrDirectorSale38,308$34.37$1.3MForm 4
Aug 15, 2022Fehsenfeld Fred M JrDirectorSale118,225$35.30$4.2MForm 4
Aug 12, 2022Fehsenfeld Fred M JrDirectorSale142,498$35.08$5.0MForm 4
Aug 11, 2022Fehsenfeld Fred M JrDirectorSale39,277$35.20$1.4MForm 4
Jul 27, 2022Recatto BrianPresident & CEOBuy150,000$27.00$4.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Heritage-Crystal Clean, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHeritage-Crystal Clean, Inc.1
  • CIK0001403431
  • Employer ID (EIN)26-03514541
  • Filer statusAccelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)4950 Sanitary Services1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address2000 Center Drive, Suite East C300, Hoffman Estates, IL 601921
  • Phone847-836-56701
  • Shares outstanding24,370,405 as of Aug 8, 20239
  • Public float$385.6M as of Jun 17, 20223
  • On EDGAR sinceJun 19, 20071
  • Filings773 in all: 4 (350), 8-K (129), SC 13G/A (53), 10-Q (47), DEFA14A (19), UPLOAD (18), 3 (17), DEF 14A (17)1
    All 37 form types

    10-K (15), SC 13G (15), CORRESP (14), S-1/A (11), 4/A (8), EFFECT (6), PRE 14A (6), ARS (5), 424B5 (4), 8-K/A (4), S-3/A (4), S-8 (4), S-8 POS (4), 424B4 (3), S-3 (3), 10-Q/A (2), S-1 (2), S-1MEF (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), CERTNAS (1), CT ORDER (1), DEFM14A (1), NT 10-Q (1), POS AM (1), PREM14A (1)

  • Latest filingsAnnual report (10-K) Mar 1, 2023
    Quarterly report (10-Q) Aug 9, 2023
    Proxy statement (DEF 14A) May 1, 2023
    Latest 8-K (8-K) Oct 17, 2023

Sources

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    SEC EDGAROther events
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