Company: Charah Solutions, Inc.
Description: They are a leading provider of mission-critical environmental and maintenance services to the power generation industry.
Trade Date: 6/14
Shares: 7.4 million
Price Range: $16.00-$18.00
Underwriter(s): Morgan Stanley, BofA Merrill Lynch, Stifel
Co-Manager(s): Macquarie Capital, First Analysis Securities, Houlihan Lokey
Terms Added: 6-4-18
Link to Prospectus
Link to Retail Roadshow
Business: They are a leading provider of mission-critical environmental and maintenance services to the power generation industry.
We provide on-site, essential services that enable our clients to continue operations and provide necessary electric power to communities nationwide.
In 2017, we performed work at 51 coal-fired and nuclear power generation sites nationwide. We are the only service provider offering a suite of coal ash management and recycling, environmental remediation and outage maintenance services.
We also design and implement solutions for complex environmental projects (such as ash pond closures) and facilitate coal ash recycling through byproduct sales and other beneficial use services. We believe we are a partner-of-choice for the power generation industry due to our industry-leading quality, safety and compliance record, all of which are key criteria for our customers.
FINANCIALS: For the fiscal year ended December 31, 2017, they generated revenue, net income (loss) and Adjusted EBITDA of $430.4 million, $12.8 million and $76.0 million, respectively ($421.2 million, $18.3 million and $76.4 million, respectively, for the period from January 13, 2017 through December 31, 2017 and $9.1 million, $(5.5) million and $(0.4) million, respectively, for the period from January 1, 2017 through January 12, 2017).
What is UNDERWRITING? What does UNDERWRITING mean? UNDERWRITING meaning, definition & explanation
For the three months ended March 31, 2018, they generated revenue, net income and Adjusted EBITDA of $155.5 million, $1.2 million and $17.4 million, respectively
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