Clean Harbors Q1 revenue up 12% to $1.31B; raises FY23 adjusted EBITDA guidance to $1.02-1.06B

CLEAN HARBORS INC

2023-Q1 EPS reported $1.33 revenue$1,307,387,000

Q1 net income $72.4M ($1.33 EPS) vs $45.3M ($0.83); adjusted EPS $1.36.
Revenue $1.31B (+12% YoY); Environmental Services rev +13%, Safety-Kleen rev +7%.
Adjusted EBITDA $215.1M (+19%); margin 16.5% (+110 bps).
Full-year 2023 adjusted EBITDA guidance raised to $1.02-1.06B reflecting Thompson Industrial acquisition ($9M expected contribution).
Q2 2023 adjusted EBITDA expected down 7-9% YoY; SKSS profitability pressured by base oil spread compression.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLEAN HARBORS INC reported first quarter ended March 31, 2023 results: revenue $1.31 billion, net income $72.4 million, EPS $1.33 per diluted share. Guidance raised.

Period: first quarter ended March 31, 2023
Revenue: $1.31 billion
Net income: $72.4 million
EPS: $1.33 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

• Achieves Q1 Revenue Growth of 12% to $1.31 Billion on Strength of ES Segment • Generates Q1 Net Income of $72.4 Million, or EPS of $1.33, with Adjusted EPS of $1.36 • Delivers Q1 Adjusted EBITDA Growth of 19% to $215.1 Million • Raises Full-Year 2023 Adjusted EBITDA Guidance to Reflect Acquisition of Thompson Industrial Services NORWELL, Mass. – May 3, 2023 – Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0000822818-23-000031

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