Clean Harbors Q2 revenue misses estimates, keeps FY forecast

Clean Harbors

30/07/2025 12:41

Overview

Clean Harbors Q2 revenue flat at $1.55 bln, missing analyst expectations

Adjusted EBITDA of $336.2 mln beats estimates, margin improves 60 bps

Environmental Services segment shows growth in revenue and EBITDA

Outlook

Clean Harbors expects Q3 Adjusted EBITDA to grow 9-12% year-over-year

Company reiterates full-year 2025 Adjusted EBITDA guidance of $1.16 bln to $1.20 bln

Clean Harbors projects 2025 adjusted free cash flow of $430 mln to $490 mln

Company sees healthy demand and substantial project pipeline in ES segment

Result Drivers

ENVIRONMENTAL SERVICES - Segment achieved 3% revenue growth due to strong demand for disposal assets and pricing strategies

INCINERATION PERFORMANCE - Facilities maximized throughput with 89% utilization, excluding new Kimball incinerator

SAFETY-KLEEN STABILITY - Waste oil collection strategies and higher charge-for-oil pricing supported segment stabilization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$1.55 bln
$1.59 bln (9 Analysts)
Q2 EPS
$2.36
Q2 Net Income
$126.90 mln
Q2 Adjusted EBITDA
Beat
$336.20 mln
$334 mln (9 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 1 "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 $255.00, about 6.6% above its July 29 closing price of $238.29

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw7FMRS2a

(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.)