earnings
confidence high
sentiment neutral
materiality 0.80
Clean Harbors Q2 EPS $2.13 as ES growth offsets SKSS weakness; reiterates FY guidance
CLEAN HARBORS INC
2023-Q2 EPS reported
$3.46
revenue$2,705,287,000
- Revenue $1.40B (+3% YoY); GAAP net income $115.8M ($2.13) vs $148.2M ($2.71) last year.
- Adjusted EBITDA $287.5M (20.6% margin), down from $309.1M; ES segment EBITDA +13% with 26% margin.
- SKSS segment declined on base oil price headwinds; Q2 collected 64M gallons of used oil.
- FY23 guidance reaffirmed: Adj. EBITDA $1.02B-$1.06B; adj. free cash flow $305M-$345M.
- Incineration utilization 84%; avg incineration price +8%, landfill price/ton +21%.