Clean Harbors Inc
F:CH6

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Clean Harbors Inc Logo
Clean Harbors Inc
F:CH6
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Price: 249.4 EUR -0.32% Market Closed
Market Cap: €13.5B

Clean Harbors Inc
Investor Relations

Clean Harbors collects, transports, treats, and disposes of hazardous and non-hazardous waste for factories, refineries, utilities, hospitals, and other industrial customers. It also responds to environmental emergencies such as chemical spills and helps customers clean up contaminated sites. Its Safety-Kleen business collects used oil and oily waste and turns much of it into recycled base oil or other usable products. The company makes money by charging fees for waste pickup, treatment, disposal, cleanup work, and related field services. It also sells recycled oil products and other recovered materials from its processing operations. Many customers use Clean Harbors because handling hazardous waste safely is heavily regulated and requires specialized equipment, permits, and trained crews. What makes Clean Harbors different is that it sits in a critical middle layer of the environmental services chain: it does the messy, regulated work that most companies cannot do themselves. That gives it a role that is tied to ongoing industrial activity, routine waste generation, and emergency cleanup needs. In plain terms, it is a business built around safely moving and destroying dangerous material that others must get out of the way.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Beat and raise: Clean Harbors said Q1 results came in ahead of expectations, with adjusted EBITDA up 6% to $248 million and full-year 2026 adjusted EBITDA guidance raised to $1.24 billion to $1.30 billion from $1.20 billion to $1.26 billion.

ES strength: Environmental Services posted higher profitability, with margin up 50 basis points and its 16th straight quarter of year-over-year adjusted EBITDA margin improvement, helped by project work, PFAS, emergency response and pricing.

SKSS boost: Safety-Kleen Sustainable Solutions saw adjusted EBITDA rise 17% to $33 million as late-quarter base oil pricing improved and the company continued to push charge-for-oil pricing.

PFAS momentum: Management said regulatory guidance from the EPA and the Department of War is supporting a stronger PFAS pipeline, which they described as accelerating versus a year ago.

Capital plan: The company closed the DCI acquisition, kept leverage low, bought back $25 million of stock in Q1, and raised 2026 net capital spending guidance by $10 million due to attractive growth projects.

Key Financials
Revenue
$1.46 billion
Adjusted EBITDA
$248 million
Adjusted EBITDA margin
17%
EPS
$1.19
Income from operations
$119 million
Cash and short-term marketable securities
approximately $670 million
Net debt-to-EBITDA ratio
approximately 2x
Debt blended interest rate
5.2%
Cash provided from operations
$6 million
CapEx, net of disposals
$97 million
Adjusted free cash flow
negative $76 million
Share repurchases
$25 million
Shares repurchased
approximately 87,000
Remaining share repurchase authorization
approximately $575 million
SG&A as a percentage of revenue
14.2%
Depreciation and amortization
$116 million
Environmental Services revenue
increased by more than $40 million
Technical Services revenue
5% growth
Safety-Kleen Environmental Services revenue
7% growth
Incineration utilization
80%
Landfill volumes
34% growth
Field Services revenue
7% growth
ES adjusted EBITDA
up 6%
ES segment margin
up 50 basis points
SKSS adjusted EBITDA
$33 million
SKSS margin
up 320 basis points
Waste oil collected
53 million gallons
2026 adjusted EBITDA guidance midpoint
$1.27 billion
2026 net CapEx guidance midpoint
$380 million
2026 adjusted free cash flow guidance midpoint
$520 million
Q2 2026 adjusted EBITDA growth expectation
5% to 9%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Alan S. McKim
Founder, CTO & Executive Chairman
No Bio Available
Mr. Michael L. Battles CPA
Co-CEO, Co-President & Director
No Bio Available
Mr. Eric J. Dugas CPA
Executive VP & CFO
No Bio Available
Ms. Sharon M. Gabriel
Executive VP & Chief Information Officer
No Bio Available
Mr. Brian P. Weber
President of Safety-Kleen Sustainability Solutions
No Bio Available
Mr. Robert E. Speights
President of Industrial Services
No Bio Available
Mr. James R. Buckley
Senior Vice President of Investor Relations & Corporate Communications
No Bio Available
Mr. Michael R. McDonald
General Counsel
No Bio Available
Mr. George L. Curtis
Executive Vice President of Pricing & Proposals
No Bio Available

Contacts

Address
MASSACHUSETTS
Norwell
PO Box 9149, 42 Longwater Dr
Contacts
+17817925000.0
www.cleanharbors.com
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