earnings
confidence high
sentiment positive
materiality 0.75
Clean Harbors Q1 revenue up 5% to $1.38B, Adj. EBITDA record $230M, raises FY2024 guidance
CLEAN HARBORS INC
2024-Q1 EPS reported
$1.29
revenue$1,376,695,000
- Revenue $1.38B (+5% YoY); net income $69.8M ($1.29 EPS); adjusted EPS $1.29.
- Adjusted EBITDA $230.1M (+7% YoY, record Q1); margin 16.7% (up 20 bps).
- Environmental Services revenue +10%, led by Technical Services +11%; incineration pricing +6%.
- Full-year 2024 Adj. EBITDA guidance raised to $1.10-$1.15B midpoint +11% YoY; FCF maintained $340-$400M.
- HEPACO acquisition closed; Kimball incinerator near commercial launch; Castrol partnership for MoreCircular program.