Clean Harbors raises 2026 guidance for adjusted EBITDA to $1.35 bln-$1.41 bln
Company expects 2026 adjusted free cash flow of $520 mln-$580 mln
Clean Harbors sees Q3 adjusted EBITDA growing 24%-28% year over year
Overview
US environmental services firm's Q2 revenue rose 12%, beating analyst expectations
Q2 adjusted EBITDA grew 22% and beat analyst expectations
Company announced $600 mln ten-year disposal contract and $305 mln ES&H acquisition
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.74 bln
$1.64 bln (14 Analysts)
Q2 EPS
$3.22
Q2 Net Income
$170.50 mln
Q2 Adjusted EBITDA
Beat
$409 mln
$367.51 mln (15 Analysts)
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Clean Harbors Inc is $330.00, about 8.7% above its July 28 closing price of $303.67
The stock recently traded at 33 times the next 12-month earnings vs. a P/E of 34 three months ago
Result Drivers
Disposal and recycling demand - Co said Environmental Services segment benefited from healthy volumes in disposal and recycling, remediation projects, PFAS-related work, and strategic pricing to offset inflation and fuel costs
Re-refined products pricing - Co said SKSS segment profitability was driven by a sharp uptick in market pricing for re-refined products due to global supply disruptions
Waste oil collection management - Co said collections team actively managed waste oil collection volumes and costs, gathering 61 mln gallons and increasing revenues from used oil collection services
CLH•
