On 08 March 2020, Heritage-Crystal Clean (NASDAQ: HCCI) stock identified change of -1.89% away from 52-week low price and recently located move of -61.72% off 52-week high price. It has market worth of $355.15M. HCCI stock has been recorded -53.97% away from 50 day moving average and -54.08% away from 200 day moving average. Moving closer, we can see that shares have been trading -47.99% off 20-day moving average.

Heritage-Crystal Clean, Inc. (HCCI) recently reported results for the fourth quarter of fiscal 2019 and for the full fiscal year, which ended December 28, 2019.

Fourth Quarter Review

Revenue for the fourth quarter of 2019 was $138.8M contrast to $127.1M for the same quarter of 2018, a raise of 9.3%.

Operating margin increased to 18.6% from 16.1% in the fourth quarter of 2018 mainly Because of higher revenue together with lower shutdown maintenance and catalyst costs at our re-refinery, partially offset by higher disposal, healthcare and fleet repair costs contrast to the year-before quarter. Our SG&A expense as a percentage of revenue dropped to 12.1% from 12.2% of revenue in the fourth quarter of 2018 mainly Because of higher revenue, lower professional services fees, and lower share based compensation expense.

During the fourth quarter of 2019, the Company entered into a settlement to resolve claims made against us in a class action litigation pertaining to fuel surcharges. This brings to a close litigation which began almost five years ago. In conjunction with the settlement the Company took a charge of $11.0M which negatively influenced diluted earnings per share by $0.35.

Net loss attributable to ordinary shareholders was $(2.2)M, or $(0.09) per diluted share, for the fourth quarter of 2019. This compares to net income attributable to ordinary shareholders of $2.5M, or $0.11 per diluted share in the year earlier quarter. Not Including the settlement charge discussed above, net income attributable to ordinary shareholders was $6.1M or $0.26 per diluted share. See our reconciliations of Net (loss) income and Net (loss) income per share below.

Fiscal 2019 Review

In 2019, we generated $444.4M of revenue contrast to previous year revenue of $410.2M, a raise of $34.2M, or 8.3%, driven by strong growth in all of our Environmental Services section businesses.

Operating margin of 18.1% remained flat contrast to 2018 as higher revenue was partially offset by higher healthcare, fleet repair and disposal costs. SG&A expense for fiscal 2019 was 12.2% of revenue, down slightly from 12.4% in fiscal 2018.

Net income attributable to ordinary shareholders for fiscal 2019 was $8.4M, or $0.36 per diluted share contrast to net income of $14.7M, or $0.63 per diluted share for fiscal 2018. Not Including the charge resulting from the aforementioned settlement, net income attributable to ordinary shareholders for the year was $16.8M, or $0.72 per diluted share.

The Industrial Goods sector company, Heritage-Crystal Clean, Inc noticed change of -19.76% to $12.47 along volume of 77819 shares in recent session compared to an average volume of 41.54K. HCCI’s shares are at -59.59% for the quarter and driving a -50.65% return over the course of the past year and is now at -60.25% since this point in 2018.

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