secwatch.observer — SEC 8-K summary
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Issuer:     CLEAN HARBORS INC (CLH)
CIK:        0000822818
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0000822818-25-000038
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clean Harbors Q3 revenue $1.55B, adj. EBITDA $320.2M (+6%); guides FY adj. EBITDA $1.155-1.175B, raises FCF guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/822818/000082281825000038/0000822818-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/822818/000082281825000038/clh-20251029.htm
  HTML page:      https://secwatch.observer/filing/0000822818-25-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer