{"id":77135,"date":"2021-10-12T10:42:47","date_gmt":"2021-10-12T17:42:47","guid":{"rendered":"https:\/\/covestreetcapital.com\/?p=77135"},"modified":"2021-10-12T17:40:08","modified_gmt":"2021-10-13T00:40:08","slug":"brian-recatto","status":"publish","type":"post","link":"https:\/\/covestreetcapital.com\/brian-recatto\/","title":{"rendered":"Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto"},"content":{"rendered":"<p>Our guest on Episode 11 of Compounders was <strong>Brian Recatto<\/strong>. Brian is the <strong>CEO of Heritage-Crystal Clean*<\/strong> (Ticker: <a href=\"https:\/\/www.marketwatch.com\/investing\/stock\/hcci\" target=\"_blank\" rel=\"noopener\">HCCI<\/a>), a $700 million market cap company that provides cleaning and waste removal services to customers in the US. HCCI is one of the key competitors to Clean Harbors (Ticker: CLH), a company whose CEO we also <a href=\"https:\/\/covestreetcapital.com\/alan-mckim-clean-harbors\/\" target=\"_blank\" rel=\"noopener\">interviewed on this show<\/a>. Specifically, Heritage operates in two segments: an Environmental Service division that offers parts cleaning and containerized waste management services; and an Oil Business segment that collects, re-refines and then re-sells used motor oil.<\/p>\n<p>Brian took over the CEO role in 2017 and, aside from a brief COVID-related speed bump in 2020, he has overseen consistently improving results and a higher stock price. COVID presented\u2014and continues to present\u2014a number of challenges for Heritage but the company\u2019s strong balance sheet and consistent Environmental Services business have allowed it to weather the storm. With that as a backdrop, Brian and I had a great discussion about:<\/p>\n<ul>\n<li>How the company has navigated the challenging customer disruptions over the last 18 months;<\/li>\n<li>The ups and downs associated with owning and operating an oil re-refinery;<\/li>\n<li>The future of hazardous waste regulation and why HCCI is one of the good guys when it comes to environmental matters;<\/li>\n<li>The benefits of operating dense route networks and how Heritage defends its market position; and<\/li>\n<li>How the company approaches M&amp;A and the opportunity to add more scale<\/li>\n<\/ul>\n<p>Please enjoy the interview at the following sites or further down as a video:<\/p>\n<p>Apple: <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/leading-the-future-of-waste-recycling-with-brian\/id1579124518?i=1000538307517\" target=\"_blank\" rel=\"noopener\">https:\/\/podcasts.apple.com\/us\/podcast\/leading-the-future-of-waste-recycling-with-brian\/id1579124518?i=1000538307517<\/a><br \/>\nSpotify: <a href=\"https:\/\/open.spotify.com\/episode\/5fGI5l9bIxwCH5dBUfTnK4\" target=\"_blank\" rel=\"noopener\">https:\/\/open.spotify.com\/episode\/5fGI5l9bIxwCH5dBUfTnK4<\/a><br \/>\nPodbean: <a href=\"https:\/\/compounders.podbean.com\/e\/with-brian-recatto-ceo-of-heritage-crystal-clean-inc-nasdaq-hcci\/\" target=\"_blank\" rel=\"noopener\">https:\/\/compounders.podbean.com\/e\/with-brian-recatto-ceo-of-heritage-crystal-clean-inc-nasdaq-hcci\/<\/a><br \/>\nYouTube: <a href=\"https:\/\/youtu.be\/bGS2D-Y3aHs\" target=\"_blank\" rel=\"noopener\">https:\/\/youtu.be\/bGS2D-Y3aHs<\/a><\/p>\n<p>Also, if you have any comments, feedback, or guest recommendations, please contact us at <a href=\"mailto:podcast@covestreetcapital.com\" target=\"_blank\" rel=\"noopener\">podcast@covestreetcapital.com<\/a>. You can also follow the podcast on Twitter @ <a href=\"https:\/\/twitter.com\/CompoundersPod\" target=\"_blank\" rel=\"noopener\">https:\/\/twitter.com\/CompoundersPod<\/a>.<\/p>\n<p><iframe title=\"Leading the Future of Waste Recycling with Brian Recatto, Heritage-Crystal Clean (NASDAQ: HCCI)\" width=\"800\" height=\"450\" data-src=\"https:\/\/www.youtube.com\/embed\/bGS2D-Y3aHs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-load-mode=\"1\"><\/iframe><\/p>\n<p>*Cove Street Capital owns HCCI common stock and has since 2013.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Our guest on Episode 11 of Compounders was Brian Recatto. Brian is the CEO of Heritage-Crystal Clean* (Ticker: HCCI), a $700 million market cap company that provides cleaning and waste removal services to customers in the US. HCCI is one of the key competitors to Clean Harbors (Ticker: CLH), a company whose CEO we also [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":9238,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[73,31],"tags":[],"class_list":["post-77135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-podcasts-recordings","category-thoughts"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto &#8212; Cove Street Capital<\/title>\n<meta name=\"description\" content=\"Cove Street Capital &#8212; Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto &#8212; Our guest on Episode 11 of Compounders was Brian Recatto. Brian is the CEO of Heritage-Crystal Clean (Ticker: HCCI), a $700 million market cap company that provides cleaning and waste removal services to customers in the US.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/covestreetcapital.com\/brian-recatto\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto &#8212; Cove Street Capital\" \/>\n<meta property=\"og:description\" content=\"Cove Street Capital &#8212; Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto &#8212; Our guest on Episode 11 of Compounders was Brian Recatto. Brian is the CEO of Heritage-Crystal Clean (Ticker: HCCI), a $700 million market cap company that provides cleaning and waste removal services to customers in the US.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/covestreetcapital.com\/brian-recatto\/\" \/>\n<meta property=\"og:site_name\" content=\"Cove Street Capital\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-12T17:42:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-13T00:40:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/07\/Podcasts.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"464\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeffrey Bronchick, CFA\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeffrey Bronchick, CFA\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/\"},\"author\":{\"name\":\"Jeffrey Bronchick, CFA\",\"@id\":\"https:\/\/covestreetcapital.com\/#\/schema\/person\/32ec902c1d19238832ba33820aadf26d\"},\"headline\":\"Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto\",\"datePublished\":\"2021-10-12T17:42:47+00:00\",\"dateModified\":\"2021-10-13T00:40:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/\"},\"wordCount\":341,\"publisher\":{\"@id\":\"https:\/\/covestreetcapital.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/07\/Podcasts.jpg\",\"articleSection\":[\"Podcasts &amp; Recordings\",\"Thoughts\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/\",\"url\":\"https:\/\/covestreetcapital.com\/brian-recatto\/\",\"name\":\"Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto &#8212; Cove Street Capital\",\"isPartOf\":{\"@id\":\"https:\/\/covestreetcapital.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/covestreetcapital.com\/brian-recatto\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/covestreetcapital.com\/wp-content\/uploads\/2021\/07\/Podcasts.jpg\",\"datePublished\":\"2021-10-12T17:42:47+00:00\",\"dateModified\":\"2021-10-13T00:40:08+00:00\",\"description\":\"Cove Street Capital &#8212; Leading the Future of Waste Recycling with Heritage-Crystal Clean CEO Brian Recatto &#8212; Our guest on Episode 11 of Compounders was Brian Recatto. 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