Clean Harbors Q3 revenue misses estimates at $1.55 bln

Clean Harbors

29/10/2025 11:41

Overview

Clean Harbors Q3 revenue misses analyst expectations at $1.55 bln

Adjusted EBITDA for Q3 misses estimates, despite a 6% year-over-year increase

Company plans $210-220 mln investment in facility to upgrade re-refinery byproducts

Outlook

Clean Harbors raises full-year 2025 Adjusted EBITDA guidance to $1.155 bln-$1.175 bln

Company expects 2025 adjusted free cash flow of $455 mln-$495 mln

Clean Harbors anticipates strong Q4 performance with 6%-8% Adjusted EBITDA growth

Result Drivers

TECHNICAL SERVICES GROWTH - Co reports 12% growth in Technical Services driven by increased remediation and waste project work, despite slowdowns in chemical verticals

SAFETY-KLEEN PERFORMANCE - Safety-Kleen Environmental Services revenue rose 8% due to price and volume growth, with high demand for disposal services

WASTE VOLUMES AND EFFICIENCIES - Co increased Adjusted EBITDA margin by managing costs, driving efficiencies, and handling more waste through disposal and recycling network

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.55 bln
$1.57 bln (10 Analysts)
Q3 EPS
$2.21
Q3 Net Income
$118.80 mln
Q3 Adjusted EBITDA
Miss
$320.20 mln
$331.89 mln (10 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "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 3.5% above its October 28 closing price of $246.19

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nBwg3Mma

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