Clean Harbors beats Q4 estimates; sets buyvback, to buy Environmental Businesses

Clean Harbors

18/02/2026 12:39

Corrects "buyback" spelling in headline

Overview

Environmental services provider's Q4 revenue rises 5%, beating analyst expectations

Q4 adjusted EBITDA grew 8%, beating analyst expectations

Company expands share buyback program by $350 mln

Company to acquire Environmental Businesses from Depot Connect International for about $130 mln; invest $50 in fleet expansion

Outlook

Clean Harbors expects 2026 adjusted EBITDA between $1.20 bln and $1.26 bln

Company projects 2026 adjusted free cash flow between $480 mln and $540 mln

Clean Harbors plans $50 mln investment in vacuum truck fleet for growth

Result Drivers

ENVIRONMENTAL SERVICES - Growth driven by demand for disposal and recycling services, higher project volumes, and PFAS services expansion

SAFETY-KLEEN STRATEGY - Margin improvement due to charge-for-oil pricing strategy and increased lubricant sales

PROJECT ACTIVITY - Increased landfill volumes and emergency response projects supported revenue growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.50 bln
$1.47 bln (13 Analysts)
Q4 EPS
$1.62
Q4 Net Income
$86.60 mln
Q4 Adjusted EBITDA
Beat
$278.70 mln
$275.38 mln (12 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the environmental services & equipment peer group is "buy"

Wall Street's median 12-month price target for Clean Harbors Inc is $269.50, about 0.2% above its February 17 closing price of $269.08

The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBw1t4gNna

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 (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)