secwatch.observer — SEC 8-K summary
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Issuer:     CLEAN HARBORS INC (CLH)
CIK:        0000822818
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0000822818-23-000045
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Harbors Q3 net income $91.3M ($1.68 EPS) drops 33% YoY; cuts FY23 Adj. EBITDA guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822818/000082281823000045/0000822818-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822818/000082281823000045/clh-20231101.htm
  HTML page:      https://secwatch.observer/filing/0000822818-23-000045

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