Clean Harbors Q1 Earnings Call Highlights

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Sat, May 9, 2026 astatine 3:04 PM CDT 7 min read

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Clean Harbors bushed Q1 expectations and raised full-year guidance. First-quarter gross roseate 2% to $1.46 billion, adjusted EBITDA accrued 6% to $248 million, and the institution lifted its 2026 adjusted EBITDA outlook to $1.24 billion-$1.30 billion.
Environmental Services kept delivering beardown borderline expansion. The conception posted its 16th consecutive 4th of year-over-year borderline betterment and 18th consecutive 4th of EBITDA growth, helped by task work, PFAS-related business, exigency response, and stronger method and tract services demand.
Safety-Kleen Sustainable Solutions benefited from higher basal lipid pricing. Although gross declined, adjusted EBITDA roseate 17% to $33 cardinal arsenic higher charge-for-oil pricing and improving basal lipid prices boosted profitability, prompting absorption to rise the segment’s full-year EBITDA target.

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Clean Harbors (NYSE:CLH) reported better-than-expected first-quarter 2026 results and raised its full-year outlook, citing stronger profitability crossed some of its operating segments, improved basal lipid pricing and continued momentum successful biology services.

The biology and concern services institution said full first-quarter gross roseate 2% twelvemonth implicit twelvemonth to $1.46 billion. Adjusted EBITDA accrued 6% to $248 million, portion consolidated adjusted EBITDA borderline expanded 60 ground points to 17%. Income from operations roseate 7% to $119 million, and nett income accrued 8%, with net per stock of $1.19.

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Eric Dugas, Clean Harbors’ enforcement vice president and main fiscal officer, said quarterly results were up of expectations outlined successful February, driven chiefly by outperformance successful the Safety-Kleen Sustainable Solutions conception and continued execution successful Environmental Services.

“We’re disconnected to a beardown commencement successful 2026, and our Q1 show has led america to rise our afloat twelvemonth expectations for some operating segments,” Dugas said.

Environmental Services Posts Continued Margin Growth

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Co-Chief Executive Officer Eric Gerstenberg said the Environmental Services conception delivered its 16th consecutive 4th of year-over-year adjusted EBITDA borderline betterment and its 18th consecutive 4th of EBITDA growth.

Revenue successful the conception accrued by much than $40 million, supported by task services, PFAS-related opportunities and exigency effect work. Technical services gross roseate 5%, portion Safety-Kleen Environmental Services gross grew 7%, driven by pricing and higher volumes successful halfway offerings.

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