Earnings summaries and quarterly performance for CLEAN HARBORS.
Executive leadership at CLEAN HARBORS.
Eric Gerstenberg
Detailed
Co-Chief Executive Officer and Co-President
CEO
Michael Battles
Detailed
Co-Chief Executive Officer and Co-President
CEO
AM
Alan McKim
Detailed
Founder, Executive Chairman of the Board, and Chief Technology Officer
BW
Brian Weber
Detailed
Executive Vice President and President, Safety-Kleen Sustainability Solutions
ED
Eric Dugas
Detailed
Executive Vice President and Chief Financial Officer
GC
George Curtis
Detailed
Executive Vice President, Pricing & Proposals
JD
Jeroen Diderich
Detailed
President of Environmental Sales & Service
RU
Rebecca Underwood
Detailed
President, Facilities
RH
Robert Harrison
Detailed
Executive Vice President, Health & Safety
RS
Robert Speights
Detailed
President, Industrial Services
SG
Sharon Gabriel
Detailed
Executive Vice President and Chief Information Officer
Board of directors at CLEAN HARBORS.
AQ
Alison Quirk
Detailed
Director
AR
Andrea Robertson
Detailed
Director
EG
Edward Galante
Detailed
Lead Independent Director
JP
John Preston
Detailed
Director
JW
John Welch
Detailed
Director
KP
Karyn Polito
Detailed
Director
LS
Lauren States
Detailed
Director
MR
Marcy Reed
Detailed
Director
RW
Robert Willett
Detailed
Director
SS
Shelley Stewart Jr.
Detailed
Director
Research analysts who have asked questions during CLEAN HARBORS earnings calls.
David Manthey
Robert W. Baird & Co. Incorporated
9 questions for CLH
Also covers: AIT, BECN, BLDR +13 more
Tobey Sommer
Truist Securities, Inc.
9 questions for CLH
Also covers: AMN, AMTM, ASGN +26 more
Noah Kaye
Oppenheimer & Co. Inc.
8 questions for CLH
Also covers: AAON, AMRC, BWA +16 more
JS
James Schumm
TD Cowen
7 questions for CLH
Also covers: CWST, GFL, HLX +5 more
Tyler Brown
Raymond James Financial, Inc.
7 questions for CLH
Also covers: CWST, MLM, ODFL +7 more
JR
James Ricchiuti
Needham & Company, LLC
6 questions for CLH
Also covers: AEIS, BELFA, BHE +20 more
AB
Adam Bubes
Goldman Sachs Group, Inc.
5 questions for CLH
Also covers: ACM, CAMP, CWST +9 more
LS
Larry Solow
CJS Securities
5 questions for CLH
Also covers: ARCB, BTSG, CDRE +16 more
LS
Lawrence Solow
CJS Securities, Inc.
4 questions for CLH
Also covers: BTSG, CDRE, CODI +13 more
PB
Patrick Brown
Raymond James
4 questions for CLH
Also covers: BLX, CWST, EXP +8 more
BB
Brian Butler
Stifel, Nicolaus & Company, Incorporated
2 questions for CLH
Also covers: CWST, GEF, GFL +8 more
DB
Davis Baynton
BMO Capital Markets
2 questions for CLH
Also covers: NVRI
Bryan Burgmeier
Citigroup Inc.
1 question for CLH
Also covers: AMBP, AVY, GFL +6 more
CG
Chris Grenga
Needham & Company
1 question for CLH
Also covers: AEIS, CECO, FARO +6 more
JW
Jake Wyman
Wells Fargo
1 question for CLH
JR
Jerry Revich
Goldman Sachs Group Inc.
1 question for CLH
Also covers: AGCO, ALSN, ATMU +28 more
JR
Jim Ricchiuti
Needham & Company
1 question for CLH
Also covers: AEIS, BHE, CECO +10 more
TT
Timna Tanners
Wolfe Research
1 question for CLH
Also covers: AA, AMRZ, ATI +20 more
Tyler Barishaw
Truist Securities
1 question for CLH
Also covers: BCO, EXPO, FCN +4 more
Recent press releases and 8-K filings for CLH.
Clean Harbors to Acquire Depot Connect International's Industrial and Rail Services
CLH
M&A
New Projects/Investments
- Clean Harbors (CLH) has entered into a definitive agreement to acquire the Industrial Services and Rail Services business from Depot Connect International (DCI) for approximately $130 million.
- This acquisition encompasses five strategic locations across Ohio, Louisiana, and Texas.
- The transaction is anticipated to close in the first half of 2026, subject to customary closing conditions.
- Following the sale, DCI and Clean Harbors will maintain a collaborative relationship, with DCI continuing to provide tank trailer cleaning and maintenance services at major facilities and partnering on essential transportation services and wastewater treatment.
Feb 19, 2026, 3:18 PM
Clean Harbors Reports Record 2025 Financials and Provides 2026 Guidance
CLH
Earnings
Guidance Update
M&A
- Clean Harbors (CLH) achieved record financial results in 2025, with annual revenue surpassing $6 billion and Adjusted EBITDA reaching approximately $1.17 billion, a 5% increase year-over-year. The company also reported a record $509 million in Adjusted Free Cash Flow.
- For 2026, the company forecasts Adjusted EBITDA between $1.20 billion and $1.26 billion (midpoint $1.23 billion), implying approximately 5% growth from 2025, and Adjusted Free Cash Flow in the range of $480 million to $540 million.
- Strategic capital allocation includes the acquisition of environmental businesses from Depot Connect International for approximately $130 million, projected to add $40 million in annual revenue and $11 million in annual Adjusted EBITDA. The board also expanded the share repurchase authorization by $350 million, totaling $600 million in remaining capacity.
- The Environmental Services segment demonstrated consistent strength, marking its 15th consecutive quarter of year-over-year Adjusted EBITDA margin growth in Q4 2025. The PFAS business is expected to continue as a key growth driver, with a 20% growth rate factored into the 2026 guidance.
Feb 18, 2026, 2:00 PM
Clean Harbors Announces Q4 and Full-Year 2025 Results and 2026 Guidance
CLH
Earnings
Guidance Update
New Projects/Investments
- Clean Harbors reported Q4 2025 revenue of $1.5 billion, a 5% increase year-over-year, and Adjusted EBITDA of $278.7 million. For the full year 2025, revenue reached $6.03 billion, with Adjusted EBITDA increasing 5% to $1.17 billion and a record Adjusted free cash flow of $509.3 million.
- The company issued full-year 2026 guidance, projecting Net Income between $410 million and $461 million, Adjusted EBITDA between $1,200 million and $1,260 million, and Adjusted Free Cash Flow between $480 million and $540 million.
- Operational highlights include year-over-year revenue growth in Environmental Services, driven by demand for disposal, recycling, PFAS services, and emergency response. The company is experiencing significant PFAS momentum, securing a three-year contract worth $110 million for PFAS water filtration work.
Feb 18, 2026, 2:00 PM
Clean Harbors Reports Record 2025 Results and Provides Positive 2026 Guidance
CLH
Earnings
Guidance Update
M&A
- Clean Harbors reported a record year in 2025, surpassing $6 billion in revenues for the first time and achieving record levels of Adjusted EBITDA and Adjusted Free Cash Flow. Full-year Adjusted EBITDA reached approximately $1.17 billion, and Adjusted Free Cash Flow was $509 million.
- The company provided 2026 Adjusted EBITDA guidance of $1.20 billion-$1.26 billion, with a midpoint of $1.23 billion, implying approximately 5% growth over fiscal year 2025.
- Clean Harbors announced the acquisition of environmental businesses from Depot Connect International for approximately $130 million, expected to generate $40 million in annual revenue and $11 million in annual Adjusted EBITDA.
- The company repurchased $133 million of shares in Q4 2025 and $250 million for the full year, and the board approved an expansion of the share repurchase authorization by $350 million, bringing the total remaining capacity to $600 million.
Feb 18, 2026, 2:00 PM
Clean Harbors Reports Record 2025 Results and Provides 2026 Guidance
CLH
Earnings
Guidance Update
Share Buyback
- Clean Harbors achieved record annual revenue exceeding $6 billion and record Adjusted Free Cash Flow of $509 million in 2025, alongside a 5% increase in Adjusted EBITDA to $1.17 billion.
- The company reported a strong Q4 2025, with revenue increasing 5% to $1.5 billion and Adjusted EBITDA growing 8% to $279 million, exceeding prior guidance.
- For 2026, Clean Harbors provided guidance for Adjusted EBITDA between $1.20 billion and $1.26 billion and Adjusted Free Cash Flow between $480 million and $540 million, anticipating continued growth in its Environmental Services segment.
- In 2025, the company repurchased $250 million in shares, and its board approved an additional $350 million for share repurchases, bringing the total remaining authorization to $600 million.
- Clean Harbors aims for an aspirational goal of 30% EBITDA margins by 2030-2032, driven by continued efficiency improvements and strategic initiatives.
Feb 18, 2026, 2:00 PM
Clean Harbors Announces Strong Q4 and Full-Year 2025 Results, Share Buyback Expansion, and Acquisition
CLH
Earnings
Share Buyback
M&A
- Clean Harbors reported Q4 2025 revenues of $1.5 billion, a 5% increase, and full-year 2025 revenues of $6.03 billion.
- The company achieved Q4 2025 Adjusted EBITDA of $278.7 million, up 8%, and full-year Adjusted EBITDA of $1.17 billion, a 5% increase from the prior year.
- Clean Harbors generated record full-year Adjusted Free Cash Flow of $509.3 million in 2025, repurchased $250 million of shares, and announced a $350 million expansion of its share buyback program.
- An agreement was signed to acquire environmental businesses from Depot Connect International for approximately $130 million.
- For full-year 2026, the company provided guidance for Adjusted EBITDA in the range of $1.20 billion to $1.26 billion and Adjusted Free Cash Flow between $480 million and $540 million.
Feb 18, 2026, 1:59 PM
Clean Harbors Reports Strong Q4 and Full-Year 2025 Results
CLH
Earnings
Guidance Update
New Projects/Investments
- Clean Harbors reported strong financial performance for Q4 and full-year 2025, with annual revenues topping $6 billion and Q4 revenue of $1.5 billion.
- For the full year 2025, adjusted EBITDA rose to about $1.17 billion, and adjusted free cash flow reached $509.3 million.
- The Environmental Services segment was a key driver, marking 15 consecutive quarters of year-over-year adjusted EBITDA margin expansion.
- The company's 2026 guidance projects mid-single-digit adjusted EBITDA growth at the midpoint and roughly 20% growth in the PFAS business, supported by strategic investments including a planned $50 million vacuum truck fleet expansion.
Feb 18, 2026, 12:39 PM
Clean Harbors Reports Strong Q4 and Full-Year 2025 Financial Results
CLH
Earnings
Guidance Update
Share Buyback
- Clean Harbors reported full-year 2025 revenues of $6.03 billion, a 2% increase from 2024, and Q4 revenues of $1.5 billion, up 5% year-over-year.
- For full-year 2025, net income was $391.0 million with EPS of $7.28, and Adjusted EBITDA grew 5% to $1.17 billion.
- The company generated record Adjusted Free Cash Flow of $509.3 million in 2025 and repurchased $250 million of shares, also announcing a $350 million expansion of its share buyback program.
- Clean Harbors signed an agreement to acquire environmental businesses for ~$130 million and announced a $50 million strategic investment in fleet expansion.
- For full-year 2026, the company provided guidance for Adjusted EBITDA in the range of $1.20 billion to $1.26 billion and Adjusted Free Cash Flow in the range of $480 million to $540 million.
Feb 18, 2026, 12:30 PM
Clean Harbors Discusses 2025 Performance and 2026 Growth Catalysts
CLH
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Clean Harbors expects to finish 2025 with approximately $6 billion in revenue, with the Environmental Services segment contributing $5 billion and Safety-Kleen Sustainability Solutions $1 billion.
- The Environmental Services segment is projected to achieve an operating margin of about 26% in 2025, representing a 70 basis points improvement from the prior year, driven by pricing strategies and volume growth, with a long-term goal of exceeding 30%.
- The new Kimball incinerator is anticipated to contribute $10 million in EBITDA in 2025, with this contribution expected to double to $20-$25 million in 2026, and reach a $40 million run rate by the end of 2026 for 2027 and beyond.
- PFAS-related work generated $120 million in 2025 and is forecast to grow 15%-20% annually, with significant future opportunities from regulatory developments and military disposal guidelines.
- Key growth tailwinds for 2026 include reshoring activity, improving crack spreads, increased capital spending due to interest rate changes, and opportunities from AI data center build-out.
Jan 14, 2026, 1:45 PM
Clean Harbors Discusses Business Unit Performance, Margin Expansion, and 2026 Outlook
CLH
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Clean Harbors' Environmental Services segment is projected to achieve an EBITDA margin of approximately 26% for full year 2025, representing a 70 basis points improvement from the previous year and exceeding its Vision 2027 goals. The company aims for a long-term margin of over 30% in this segment.
- The Tech Services business grew 12% in Q3, while Safety-Kleen Environmental Services grew 7% in Q3. However, Field Services experienced slower growth in 2025 due to fewer large emergency response jobs, and Industrial Services saw slower performance over the last 12 months due to customer cost pressures.
- PFAS-related work generated $120 million in 2025 and is expected to grow 15%-20% annually, with a pipeline growing even faster. The company anticipates significant opportunities from the Defense Authorization Act and EPA rulemaking in 2026.
- The new Kimball, Nebraska incinerator contributed approximately $10 million in EBITDA in 2025 and is projected to double its EBITDA contribution in 2026 to $20-$25 million, reaching a $40 million run rate by the end of 2026.
- The company anticipates a more favorable environment in 2026 compared to 2025, with easing tariff uncertainties, improving crack spreads, and interest rate help expected to drive increased production and capital spending from customers.
Jan 14, 2026, 1:45 PM
Quarterly earnings call transcripts for CLEAN HARBORS.
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