earnings
confidence high
sentiment neutral
materiality 0.75
Clean Harbors Q3 revenue $1.55B, adj. EBITDA $320.2M (+6%); guides FY adj. EBITDA $1.155-1.175B, raises FCF guidance
CLEAN HARBORS INC
2025-Q3 EPS
reported $5.65
vs consensus $2.43
▲ beat
(+132.7%)
- Revenue $1.55B flat YoY; net income $118.8M ($2.21 EPS vs $2.12); adj. EBITDA $320.2M (+6%), margin 20.7% (up 100 bps).
- Technical Services +12%, Safety-Kleen Environmental +8%; incineration utilization 92% (ex. Kimball); landfill volumes +40%.
- FY2025 adj. EBITDA guided $1.155B-$1.175B (midpoint $1.165B, +4%); adj. FCF raised to $455M-$495M (+30%+).
- Announces $210M-$220M solvent de-asphalting facility for 600N base oil from VTAE byproduct; expected EBITDA $30M-$40M/yr, launch 2028.
- SKSS stable with 64M gallons waste oil collected; Q4 adj. EBITDA growth expected 6-8% YoY; remains on track for record annual EBITDA.
item 2.02item 9.01