Clean Harbors, Inc. (NYSE:CLH) delivered first-quarter results that surpassed profit forecasts, though revenue slightly missed estimates. Shares rose 1.41% in pre-market trading after the release.
Key Financial Highlights
The company reported adjusted earnings per share of $1.19, topping the consensus estimate of $1.16. Revenue climbed 2% year-over-year to $1.46 billion from $1.43 billion, falling just short of the $1.47 billion projection.
Adjusted EBITDA grew 6% to $247.9 million, with the margin expanding 60 basis points to 17.0%. Net income increased to $63.2 million, or $1.19 per diluted share, compared to $58.7 million, or $1.09 per share, in the prior-year period.
“We began 2026 with better-than-expected first-quarter results, including higher profitability in both of our operating segments,” stated Eric Gerstenberg, Co-Chief Executive Officer.
Segment Performance
The Environmental Services segment achieved its 16th straight quarter of year-over-year adjusted EBITDA margin gains, up 50 basis points despite tough weather. The Safety-Kleen Sustainability Solutions segment saw adjusted EBITDA surge 17%, with a 320-basis-point margin boost, driven by charge-for-oil pricing and higher base oil prices.
Updated Guidance
Clean Harbors anticipates second-quarter adjusted EBITDA to rise 5% to 9% year-over-year. Full-year adjusted EBITDA guidance now ranges from $1.24 billion to $1.30 billion, with a midpoint of $1.27 billion—an increase of $40 million from previous projections. Adjusted free cash flow outlook also improved to $490 million to $550 million, midpoint $520 million, up $10 million.
