earnings
confidence high
sentiment negative
materiality 0.80
Clean Harbors Q3 net income $91.3M ($1.68 EPS) drops 33% YoY; cuts FY23 Adj. EBITDA guidance
CLEAN HARBORS INC
2023-Q3 EPS reported
$5.14
revenue$4,070,983,000
- Q3 revenue $1.37B (flat YoY); net income $91.3M vs $135.8M; GAAP EPS $1.68 vs $2.50.
- Adjusted EBITDA $255.0M vs $308.6M; Environmental Services segment Adjusted EBITDA up 11% YoY.
- FY23 guidance: Adj. EBITDA $1.005-1.025B (midpoint $1.015B); Adj. free cash flow $300-330M.
- New $180M incinerator in Kimball, NE ahead of schedule; start expected before year-end 2024.
- Q4 expects Adj. EBITDA to grow ~15% YoY; re-refineries running at full production rates.