earnings
confidence high
sentiment positive
materiality 0.85
Clean Harbors Q2 revenue up 12% to $1.74B; raises FY2026 guidance; acquires ES&H for $305M
CLEAN HARBORS INC
- Q2 revenue $1.74B (+12% YoY), net income $170.5M (+34%), EPS $3.22, Adjusted EBITDA $409M (+22%).
- Environmental Services segment margin 27.9%; incineration utilization 91% vs 86% a year ago.
- Awarded ten-year disposal contract valued at $600M with a customer expanding U.S. manufacturing.
- Agreed to acquire ES&H for $305M cash; expected close H2 2026; ES&H annual revenue ~$90M, EBITDA ~$30M.
- Raised FY2026 Adjusted EBITDA guidance midpoint to $1.38B (range $1.35B-$1.41B); adjusted FCF guidance $520M-$580M.