earnings
confidence high
sentiment neutral
materiality 0.75
Clean Harbors Q3 revenue up 12% to $1.53B, net income +26%; revises FY2024 guidance
CLEAN HARBORS INC
2024-Q3 EPS reported
$5.87
revenue$4,458,836,000
- Net income $115.2M ($2.12 EPS) vs $91.3M ($1.68) a year ago; Adjusted EBITDA $301.8M (+18%).
- Environmental Services revenue +13% led by Field Services (+68%); incineration utilization 89%.
- Safety-Kleen Sustainability Solutions revenue +6% but results below expectations due to base oil oversupply and pricing pressure.
- FY2024 Adjusted EBITDA guidance revised to $1.10-1.12B (midpoint $1.11B, +10% YoY).
- Commercial launch of Kimball, NE incinerator planned for November 2024.