Clean Harbors Q1 revenue slightly misses estimates

Clean Harbors

06/05/2026 12:40

Overview

US environmental services firm's Q1 revenue hit record but slightly missed analyst expectations

Q1 adjusted EBITDA grew 6% yr/yr but missed analyst consensus

Company raised 2026 guidance for adjusted EBITDA and adjusted free cash flow

Outlook

Clean Harbors raises 2026 guidance for adjusted EBITDA to $1.24 bln-$1.30 bln

Company lifts 2026 adjusted free cash flow forecast to $490 mln-$550 mln

Clean Harbors expects Q2 adjusted EBITDA to grow 5%-9% year over year

Result Drivers

SEGMENT GROWTH - ES segment delivered margin improvement and revenue growth in Technical Services, Safety-Kleen Environmental Services, and Field Services, offsetting softness in Industrial Services

PRICING AND DEMAND - SKSS segment benefited from charge-for-oil pricing strategy and late-quarter base oil price increases, as well as profitability initiatives

WEATHER IMPACT - Challenging weather conditions affected collection and services businesses, but were navigated successfully

Company press release: ID:nBwqqlLwa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
$1.46 bln
$1.47 bln (12 Analysts)
Q1 EPS
$1.19
Q1 Net Income
$63.2 mln
Q1 Adjusted EBITDA
Miss
$247.9 mln
$251.12 mln (13 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 4 "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 $309.50, about 1.3% below its May 5 closing price of $313.70

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 32 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)