earnings
confidence high
sentiment positive
materiality 0.75
Clean Harbors Q1 revenue $1.17B (+45% YoY), raises 2022 adjusted EBITDA guidance to $800-830M
CLEAN HARBORS INC
2022-Q1 EPS reported
$0.83
revenue$1,169,109,000
- Q1 revenue $1.17B (+45% YoY); net income $45.3M ($0.83 EPS); adjusted EBITDA $180.3M (+39%, margin 15.4%).
- Environmental Services revenue +45% with incinerator utilization 85%, landfill volumes +14%.
- Safety-Kleen Sustainability Solutions revenue +44%, adjusted EBITDA +64%, collected 53M gal waste oil (+13%).
- Raises 2022 adjusted EBITDA guidance to $800-830M (midpoint +$35M); free cash flow guidance $250-290M.
- Q2 2022 adjusted EBITDA expected to increase 25-30% YoY.