secwatch.observer — SEC 8-K summary
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Issuer:     CLEAN HARBORS INC (CLH)
CIK:        0000822818
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0000822818-23-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Harbors Q2 EPS $2.13 as ES growth offsets SKSS weakness; reiterates FY guidance
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822818/000082281823000038/0000822818-23-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822818/000082281823000038/clh-20230802.htm
  HTML page:      https://secwatch.observer/filing/0000822818-23-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer