{"success":true,"data":{"pressRelease":{"id":"22949","rtpr_id":"nBwqqlLwa","ticker":"CLH","exchange":"NYSE","all_tickers":["CLH"],"title":"Clean Harbors Announces First-Quarter 2026 Financial Results","author":"Business Wire","published_at":"2026-05-06T11:30:00.446Z","article_body":"Clean Harbors Announces First-Quarter 2026 Financial Results\n\n\n * Delivers Highest Q1 Revenue in Company’s History at $1.46 Billion\n\n * Generates Q1 Net Income of $63.2 Million, or EPS of $1.19\n\n * Achieves 6% Growth in Q1 Adjusted EBITDA to $247.9 Million; Expands Adjusted\nEBITDA Margin YoY by 60 Basis Points\n\n * Raises 2026 Guidance for Adjusted EBITDA and Adjusted Free Cash Flow\n\nClean Harbors, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=Clean+Harbors%2C+Inc.&index=1&md5=9409bcca5ca497d2ff4d3e2f13fdbf02)\n(“Clean Harbors” or the “Company”) (NYSE: CLH), the leading provider\nof environmental and industrial services throughout North America, today\nannounced financial results for the first quarter ended March 31, 2026.\n\n“We began 2026 with better-than-expected first-quarter results, including\nhigher profitability in both of our operating segments,” said Eric\nGerstenberg, Co-Chief Executive Officer. “Our Environmental Services (ES)\nsegment delivered its 16th consecutive quarter of year-over-year Adjusted\nEBITDA margin improvement, navigating challenging weather conditions that\nimpacted our collection and services businesses. At the same time, our\nSafety-Kleen Sustainability Solutions (SKSS) segment benefited from our\ncontinued focus around charge-for-oil (CFO) services and a late-quarter surge\nin base oil pricing. Our safety performance was outstanding, with the team\nachieving the lowest quarterly Total Recordable Incident Rate in our history\nat 0.39.”\n\nFirst-Quarter 2026 Results\n\nRevenues increased to $1.46 billion, compared with $1.43 billion in the same\nperiod of 2025. Income from operations rose 7% to $118.9 million, compared\nwith $111.6 million in the first quarter of 2025.\n\nNet income increased to $63.2 million, or $1.19 per diluted share, compared\nwith $58.7 million, or $1.09 per diluted share, for the same period in 2025.\n\nAdjusted EBITDA (see description and reconciliation below) increased 6% to\n$247.9 million from $234.9 million for the same period in 2025.\n\nFirst-Quarter 2026 Segment Review\n\n“Our ES segment delivered a 50-basis-point improvement in Adjusted EBITDA\nmargin as we leveraged top-line growth while continuing to effectively manage\ncosts and generate operational efficiencies,” said Gerstenberg. “Within\nthe segment, Technical Services grew revenue by 5% on demand for disposal and\nrecycling services, including higher project and PFAS-related work, as well as\ncollecting more volumes. Safety-Kleen Environmental Services’ revenue in the\nsegment increased by 7%, driven by pricing and growth in its core offerings.\nIncineration utilization, including the new Kimball incinerator, was 80%, in\nline with our expectations and reflecting a high number of planned maintenance\ndays and weather impacts in the quarter. At the same time, landfill volumes\nrose 34% due to sizeable project activity. Field Services revenue grew 7%, as\nwe responded to a steady stream of customer emergency events across the U.S.,\nincluding a large-scale project that generated approximately $10 million in\nrevenue. Overall, our ES segment delivered solid Q1 results despite regional\nsoftness in our Industrial Services business. Following a strong March, we\nexited the quarter with considerable momentum heading into the balance of the\nyear.”\n\n“Within our SKSS segment, we began the quarter by advancing our CFO pricing\nstrategy for our waste oil collection services and finished amid an improving\npricing environment for base oil and related products,” said Mike Battles,\nCo-Chief Executive Officer. “We exceeded our Q1 expectations by growing\nsegment Adjusted EBITDA by 17% and achieving a 320-basis-point improvement in\nAdjusted EBITDA margin. We gathered 53 million gallons of waste oil while\ncontinuing to increase revenues generated from our oil collection services. We\nalso continued to execute on our profitability-enhancing initiatives, such as\nGroup III production and increasing our direct lubricant gallons sold.”\n\nBusiness Outlook and Financial Guidance\n\n“We are seeing positive demand trends and increased opportunities across our\nkey lines of business to start the year,” Gerstenberg said. “An improving\nU.S. economic backdrop is creating growth opportunities for our expanding\ndisposal and recycling network, fueled by reshoring, PFAS, and project\nservices. Safety-Kleen Environmental Services should deliver another\nconsistent year of profitable growth. Branch expansion and investments within\nour Field Services business further solidifies our reputation as the national\ngo-to provider for environmental emergencies. Although our Industrial Services\nbusiness continues to operate in a challenged market, strategic initiatives\nbeing undertaken now will ensure growth as conditions improve. For SKSS, we\nare operating in a rising pricing and demand environment, with a focus on\nimproving profitability and strengthening long-term customer relationships.”\n\nBattles concluded, “We remain excited about our organic growth and\nacquisition prospects in 2026. The demand environment is highly favorable\nacross our core lines of business, which is driving our capex decisions to\naccelerate near-term revenue growth. Through sustained execution of our\ncapital allocation strategy, we continue to expect Clean Harbors to deliver\nstrong profitable growth and robust free cash flow this year.”\n\nIn the second quarter of 2026, Clean Harbors expects Adjusted EBITDA to grow\n5% to 9% year over year. Based on its first-quarter performance and current\nmarket conditions, Clean Harbors is raising the midpoint of its 2026 Adjusted\nEBITDA guidance by $40 million and the midpoint of its adjusted free cash flow\nguidance by $10 million. For the full year, Clean Harbors now expects:\n\n\n * Adjusted EBITDA in the range of $1.24 billion to $1.30 billion, with a\nmidpoint of $1.27 billion. This Adjusted EBITDA range is based on anticipated\nGAAP net income in the range of $421 million to $472 million.\n\n * Adjusted free cash flow in the range of $490 million to $550 million, with a\nmidpoint of $520 million. This range is based on anticipated net cash from\noperating activities in the range of $840 million to $960 million.\n\nNon-GAAP Results:\n\nAdjusted EBITDA Reconciliation\n\nClean Harbors reports Adjusted EBITDA, which is a non-GAAP financial measure\nand should not be considered an alternative to net income or other\nmeasurements under generally accepted accounting principles (GAAP) but viewed\nonly as a supplement to those measurements. Adjusted EBITDA is not calculated\nidentically by all companies, and therefore the Company’s measurement of\nAdjusted EBITDA may not be comparable to similarly titled measures reported by\nother companies. Clean Harbors believes that Adjusted EBITDA provides\nadditional useful information to investors because the Company’s management\nroutinely evaluates the performance of its businesses based upon levels of\nAdjusted EBITDA. The Company defines Adjusted EBITDA as described in the\nfollowing reconciliation showing the differences between reported net income\nand Adjusted EBITDA for the three months ended March 31, 2026 and 2025 (in\nthousands, except percentages):\n     Three Months Ended \n     March 31, 2026   March 31, 2025 \n Net income   $ 63,201     $ 58,680   \n Accretion of environmental liabilities     3,542       3,620   \n Stock-based compensation     9,578       7,635   \n Depreciation and amortization     115,799       111,980   \n Other expense, net     731       932   \n Interest expense, net of interest income     33,854       36,077   \n Provision for income taxes     21,149       15,930   \n Adjusted EBITDA   $ 247,854     $ 234,854   \n Adjusted EBITDA Margin     17.0 %     16.4 % \n   \n\n\nAdjusted Free Cash Flow Reconciliation\n\nClean Harbors reports adjusted free cash flow, a non-GAAP measure, which it\nconsiders to be a measurement of liquidity that provides useful information to\ninvestors about its ability to generate cash. The Company defines adjusted\nfree cash flow as net cash from operating activities less additions to\nproperty, plant and equipment plus proceeds from sale and disposal of fixed\nassets. When necessary, the Company adjusts for the cash impact of items\nderived from non-operating activities. Additionally, adjusted free cash flow\nexcludes significant strategic growth investments, as they are not indicative\nof free cash flow for the current period. Adjusted free cash flow should not\nbe considered an alternative to net cash from operating activities or other\nmeasurements under GAAP. Adjusted free cash flow is not calculated identically\nby all companies, and therefore the Company’s measurement of adjusted free\ncash flow may not be comparable to similarly titled measures reported by other\ncompanies.\n\nAn itemized reconciliation between reported GAAP net cash from operating\nactivities and adjusted free cash flow is as follows (in thousands):\n     Three Months Ended \n     March 31, 2026   March 31, 2025 \n Net cash from operating activities   $ 6,297     $ 1,605   \n Additions to property, plant and equipment     (98,443 )     (118,695 ) \n Cash investments in strategic growth projects     14,787       —   \n Proceeds from sale and disposal of fixed assets     1,522       1,343   \n Adjusted free cash flow   $ (75,837 )   $ (115,747 ) \n   \n\n\nAdjusted EBITDA Guidance Reconciliation\n\nAn itemized reconciliation between projected GAAP net income and projected\nAdjusted EBITDA is as follows (in millions):\n   For the Year Ending December 31, 2026 \n Projected GAAP net income $ 421 to $ 472 \n Adjustments:       \n Accretion of environmental liabilities   16 to   15 \n Stock-based compensation   41 to   44 \n Depreciation and amortization   470 to   460 \n Interest expense, net   144 to   139 \n Provision for income taxes   148 to   170 \n Projected Adjusted EBITDA $ 1,240 to $ 1,300 \n   \n\n\nAdjusted Free Cash Flow Guidance Reconciliation\n\nAn itemized reconciliation between projected GAAP net cash from operating\nactivities and projected adjusted free cash flow is as follows (in millions).\nThe Company excludes significant strategic growth investments, which the\nCompany expects to realize future long-term benefits from, as they are not\nindicative of free cash flow generation for the current period.\n For the Year Ending December 31, 2026 \n Projected net cash from operating activities $ 840   to $ 960   \n Additions to property, plant and equipment   (475 ) to   (535 ) \n Cash investments in strategic growth projects   110   to   110   \n Proceeds from sale and disposal of fixed assets   15   to   15   \n Projected adjusted free cash flow $ 490   to $ 550   \n   \n\n\nConference Call Information\n\nClean Harbors will conduct a conference call for investors today at 9:00 a.m.\n(ET) to discuss the information contained in this press release. During the\ncall, management will discuss Clean Harbors’ financial results, business\noutlook and growth strategy. Investors who wish to listen to the webcast and\nview the accompanying slides should visit the Investor Relations section of\nthe Company’s website at www.cleanharbors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=www.cleanharbors.com&index=2&md5=83c0419c1c258bb57d7e46ba66943c6f)\n. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881\nprior to the start time. If you are unable to listen to the live conference\ncall, the webcast will be archived on the Company’s website.\n\nAbout Clean Harbors\n\nClean Harbors (NYSE: CLH) is North America’s leading provider of\nenvironmental and industrial services. The Company serves a diverse customer\nbase, including a majority of Fortune 500 companies. Its customer base spans a\nnumber of industries, including chemical, manufacturing and refining, as well\nas numerous government agencies. These customers rely on Clean Harbors to\ndeliver a broad range of services such as end-to-end hazardous waste\nmanagement, emergency spill response, industrial cleaning and maintenance, and\nrecycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is\na leading provider of parts washers and environmental services to commercial,\nindustrial and automotive customers, as well as North America’s largest\nre-refiner and recycler of used oil. Founded in 1980 and based in\nMassachusetts, Clean Harbors operates in the United States, Canada, Mexico,\nPuerto Rico and India. For more information, visit www.cleanharbors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=www.cleanharbors.com&index=3&md5=c65c9f184c11f6a46fc76b571a46323d)\n.\n\nSafe Harbor Statement\n\nAny statements contained herein that are not historical facts are\nforward-looking statements within the meaning of the Private Securities\nLitigation Reform Act of 1995. These forward-looking statements are generally\nidentifiable by use of the words “believes,” “expects,” “intends,”\n“anticipates,” “plans to,” “seeks,” “will,” “should,”\n“estimates,” “projects,” “may,” “likely,” “potential,”\n“outlook” or similar expressions. Such statements may include, but are not\nlimited to, statements about the Company’s future financial and operating\nresults, plans, strategy, objectives and goals, cost management initiatives,\npricing and productivity initiatives, contingent liabilities, liquidity,\nbusiness, economic and market conditions, trends, customer demand, impacts of\ntariffs and new legislation, acquisitions, growth opportunities, expectations,\nchallenges and other statements that are not historical facts. Such statements\nare based upon the beliefs and expectations of Clean Harbors’ management as\nof the date of this press release only and are subject to certain risks and\nuncertainties that could cause actual results to differ materially, including,\nwithout limitation: operational and safety risks; risks relating to the\nfailure of new or existing technologies; cybersecurity risks; the occurrence\nof natural disasters or other catastrophic events, as well as their residual\nmacroeconomic effects; risks associated with retaining and hiring key\npersonnel; environmental liability and product liability risks relating to\nhazardous waste management and other components of the Company’s business;\nnegative economic, industry or other developments, including market volatility\nor economic downturns; risks associated with management’s assumptions\nrelating to expansion of the Company’s landfills; reductions in the demand\nfor emergency response services at industrial facilities or on roadways,\nrailways or waterways, and other remedial projects and regulatory\ndevelopments; reductions in the demand for oil products and automotive\nservices and volatility in oil prices in the markets the Company serves;\nchanges in statutory and regulatory requirements and risks relating to\nextensive environmental laws and regulations; risks associated with existing\nand potential litigation; risks associated with the Company’s identification\nand execution of strategic capital expenditures, acquisitions and divestitures\nand their related liabilities; risks relating to the availability and\nsufficiency of the Company’s insurance coverage, self-insurance, surety\nbonds, letters of credit and other forms of financial assurance; the impact of\nnew tax legislation or changes in tax regulations and interpretations; the\nimposition of trade sanctions or tariffs; fluctuations in interest rates and\nforeign currency exchange rates; risks relating to the Company’s\nindebtedness and covenants in its debt agreements; risks associated with\ncertain anti-takeover provisions under the Massachusetts Business Corporation\nAct and the Company’s By-Laws, and those items identified as “Risk\nFactors” in Clean Harbors’ most recently filed reports on Form 10-K and\nForm 10-Q. Forward-looking statements are neither historical facts nor\nassurances of future performance. Therefore, readers are cautioned not to\nplace undue reliance on these forward-looking statements. Clean Harbors\nundertakes no obligation to revise or publicly release the results of any\nrevision to these forward-looking statements other than through its filings\nwith the Securities and Exchange Commission, which may be viewed in the\n“Investors” section of Clean Harbors’ website at www.cleanharbors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=www.cleanharbors.com&index=4&md5=1c6f1e55b482d952d1d09020ddc7eff3)\n.\n   \n CLEAN HARBORS, INC. AND SUBSIDIARIES \n \nUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n \n(in thousands, except per share amounts) \n   \n   \n     Three Months Ended \n     March 31, \n       2026       2025   \n Revenues   $ 1,459,537     $ 1,431,950   \n Cost of revenues     1,014,120       1,021,884   \n Selling, general and administrative expenses     207,141       182,847   \n Accretion of environmental liabilities     3,542       3,620   \n Depreciation and amortization     115,799       111,980   \n Income from operations     118,935       111,619   \n Other expense, net     (731 )     (932 ) \n Interest expense, net     (33,854 )     (36,077 ) \n Income before provision for income taxes     84,350       74,610   \n Provision for income taxes     21,149       15,930   \n Net income   $ 63,201     $ 58,680   \n Earnings per share:         \n Basic   $ 1.20     $ 1.09   \n Diluted   $ 1.19     $ 1.09   \n Shares used to compute earnings per share - Basic     52,821       53,759   \n Shares used to compute earnings per share - Diluted     52,992       53,993   \n   \n\n \n CLEAN HARBORS, INC. AND SUBSIDIARIES \n \nCONDENSED CONSOLIDATED BALANCE SHEETS \n \n(in thousands) \n   \n   \n   March 31, 2026   December 31, 2025 \n Current assets: (unaudited)     \n Cash and cash equivalents $ 547,994   $ 826,315 \n Short-term marketable securities   121,040     127,363 \n Accounts receivable, net   1,113,163     1,044,137 \n Unbilled accounts receivable   192,241     160,888 \n Inventories and supplies   363,935     372,088 \n Prepaid expenses and other current assets   104,759     116,452 \n Total current assets   2,443,132     2,647,243 \n Property, plant and equipment, net   2,562,156     2,541,067 \n Other assets:       \n Operating lease right-of-use assets   263,251     255,084 \n Goodwill   1,555,062     1,479,050 \n Permits and other intangibles, net   679,081     653,027 \n Other long-term assets   49,884     48,585 \n Total other assets   2,547,278     2,435,746 \n Total assets $ 7,552,566   $ 7,624,056 \n         \n Current liabilities:       \n Current portion of long-term debt $ 12,600   $ 12,600 \n Accounts payable   464,173     506,592 \n Deferred revenue   82,858     81,529 \n Accrued expenses and other current liabilities   384,130     441,788 \n Current portion of closure, post-closure and remedial liabilities   21,129     19,112 \n Current portion of operating lease liabilities   78,069     75,226 \n Total current liabilities   1,042,959     1,136,847 \n Other liabilities:       \n Closure and post-closure liabilities, less current portion   123,334     125,038 \n Remedial liabilities, less current portion   85,009     86,547 \n Long-term debt, less current portion   2,761,417     2,763,563 \n Operating lease liabilities, less current portion   189,797     184,308 \n Deferred tax liabilities   384,297     384,207 \n Other long-term liabilities   190,250     197,886 \n Total other liabilities   3,734,104     3,741,549 \n Total stockholders’ equity, net   2,775,503     2,745,660 \n Total liabilities and stockholders’ equity $ 7,552,566   $ 7,624,056 \n   \n\n \n CLEAN HARBORS, INC. AND SUBSIDIARIES \n \nUNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS \n \n(in thousands) \n   \n   \n   Three Months Ended \n   March 31, 2026 March 31, 2025 \n Cash flows from operating activities:     \n Net income $ 63,201   $ 58,680   \n Adjustments to reconcile net income to net cash from operating activities:     \n Depreciation and amortization   115,799     111,980   \n Allowance for doubtful accounts   2,919     2,825   \n Amortization of deferred financing costs and debt discount   1,307     1,666   \n Accretion of environmental liabilities   3,542     3,620   \n Changes in environmental liability estimates   (1,635 )   (9,863 ) \n Other expense, net   731     932   \n Stock-based compensation   9,578     7,635   \n Environmental expenditures   (4,086 )   (2,591 ) \n Changes in assets and liabilities, net of acquisitions:     \n Accounts receivable and unbilled accounts receivable   (104,781 )   (74,576 ) \n Inventories and supplies   7,803     8,670   \n Other current and non-current assets   7,513     (6,983 ) \n Accounts payable   (40,814 )   (10,989 ) \n Other current and long-term liabilities   (54,780 )   (89,401 ) \n Net cash from operating activities   6,297     1,605   \n Cash flows used in investing activities:     \n Additions to property, plant and equipment   (98,443 )   (118,695 ) \n Proceeds from sale and disposal of fixed assets   1,522     1,343   \n Acquisition, net of cash acquired   (131,820 )   —   \n Additions to intangible assets including costs to obtain or renew permits   (159 )   (248 ) \n Purchases of available-for-sale securities   (16,142 )   (24,186 ) \n Proceeds from sale of available-for-sale securities   22,319     21,456   \n Net cash used in investing activities   (222,723 )   (120,330 ) \n Cash flows used in financing activities:     \n Change in uncashed checks   (7,556 )   (1,714 ) \n Tax payments related to withholdings on vested restricted stock   (9,303 )   (8,688 ) \n Repurchases of common stock   (25,000 )   (55,000 ) \n Deferred financing costs paid   (643 )   —   \n Payments on finance leases   (12,601 )   (10,081 ) \n Principal payments on debt   (3,150 )   (3,776 ) \n Net cash used in financing activities   (58,253 )   (79,259 ) \n Effect of exchange rate change on cash   (3,642 )   209   \n Decrease in cash and cash equivalents   (278,321 )   (197,775 ) \n Cash and cash equivalents, beginning of period   826,315     687,192   \n Cash and cash equivalents, end of period $ 547,994   $ 489,417   \n Cash payments for interest and income taxes:     \n Supplemental information: \n Interest paid $ 38,435   $ 56,671   \n Income taxes paid, net of refunds   7,916     9,280   \n Non-cash investing activities:     \n Property, plant and equipment accrued   39,903     12,462   \n ROU assets obtained in exchange for operating lease liabilities   24,399     15,638   \n ROU assets obtained in exchange for finance lease liabilities   4,592     27,181   \n   \n\n\nSupplemental Segment Data (in thousands)\n   Three Months Ended \n Revenue March 31, 2026   March 31, 2025 \n   Third-Party   Intersegment   Direct   Third-Party   Intersegment   Direct \n \nRevenues \nRevenues \nRevenues \nRevenues \nRevenues \nRevenues \n \n(Expenses), \n(Expenses), \n \nnet \nnet \n Environmental Services $ 1,242,448   $ 10,078     $ 1,252,526   $ 1,207,038   $ 2,075     $ 1,209,113 \n Safety-Kleen Sustainability Solutions   217,089     (10,078 )     207,011     224,815     (2,075 )     222,740 \n Corporate   —     —       —     97     —       97 \n Total $ 1,459,537   $ —     $ 1,459,537   $ 1,431,950   $ —     $ 1,431,950 \n   \n\n   Three Months Ended \n Adjusted EBITDA March 31, 2026   March 31, 2025 \n Environmental Services $ 290,401     $ 274,591   \n Safety-Kleen Sustainability Solutions   32,981       28,252   \n Corporate   (75,528 )     (67,989 ) \n Total $ 247,854     $ 234,854   \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260505814915/en/\n(https://www.businesswire.com/news/home/20260505814915/en/)\n\nEric J. Dugas\n\nEVP and Chief Financial Officer\n\nClean Harbors, Inc.\n\n781.792.5100\n\nInvestorRelations@cleanharbors.com \n(mailto:InvestorRelations@cleanharbors.com) \n\n\nJim Buckley\n\nSVP Investor Relations\n\nClean Harbors, Inc.\n\n781.792.5100\n\nBuckley.James@cleanharbors.com (mailto:Buckley.James@cleanharbors.com)\n\n\nCopyright Business Wire 2026","article_body_html":"","raw_payload":{"data":{"id":"nBwqqlLwa","title":"Clean Harbors Announces First-Quarter 2026 Financial Results","author":"Business Wire","ticker":"CLH","created":"2026-05-06T11:30:00.446Z","tickers":["CLH"],"exchange":"NYSE","article_body":"Clean Harbors Announces First-Quarter 2026 Financial Results\n\n\n * Delivers Highest Q1 Revenue in Company’s History at $1.46 Billion\n\n * Generates Q1 Net Income of $63.2 Million, or EPS of $1.19\n\n * Achieves 6% Growth in Q1 Adjusted EBITDA to $247.9 Million; Expands Adjusted\nEBITDA Margin YoY by 60 Basis Points\n\n * Raises 2026 Guidance for Adjusted EBITDA and Adjusted Free Cash Flow\n\nClean Harbors, Inc.\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=Clean+Harbors%2C+Inc.&index=1&md5=9409bcca5ca497d2ff4d3e2f13fdbf02)\n(“Clean Harbors” or the “Company”) (NYSE: CLH), the leading provider\nof environmental and industrial services throughout North America, today\nannounced financial results for the first quarter ended March 31, 2026.\n\n“We began 2026 with better-than-expected first-quarter results, including\nhigher profitability in both of our operating segments,” said Eric\nGerstenberg, Co-Chief Executive Officer. “Our Environmental Services (ES)\nsegment delivered its 16th consecutive quarter of year-over-year Adjusted\nEBITDA margin improvement, navigating challenging weather conditions that\nimpacted our collection and services businesses. At the same time, our\nSafety-Kleen Sustainability Solutions (SKSS) segment benefited from our\ncontinued focus around charge-for-oil (CFO) services and a late-quarter surge\nin base oil pricing. Our safety performance was outstanding, with the team\nachieving the lowest quarterly Total Recordable Incident Rate in our history\nat 0.39.”\n\nFirst-Quarter 2026 Results\n\nRevenues increased to $1.46 billion, compared with $1.43 billion in the same\nperiod of 2025. Income from operations rose 7% to $118.9 million, compared\nwith $111.6 million in the first quarter of 2025.\n\nNet income increased to $63.2 million, or $1.19 per diluted share, compared\nwith $58.7 million, or $1.09 per diluted share, for the same period in 2025.\n\nAdjusted EBITDA (see description and reconciliation below) increased 6% to\n$247.9 million from $234.9 million for the same period in 2025.\n\nFirst-Quarter 2026 Segment Review\n\n“Our ES segment delivered a 50-basis-point improvement in Adjusted EBITDA\nmargin as we leveraged top-line growth while continuing to effectively manage\ncosts and generate operational efficiencies,” said Gerstenberg. “Within\nthe segment, Technical Services grew revenue by 5% on demand for disposal and\nrecycling services, including higher project and PFAS-related work, as well as\ncollecting more volumes. Safety-Kleen Environmental Services’ revenue in the\nsegment increased by 7%, driven by pricing and growth in its core offerings.\nIncineration utilization, including the new Kimball incinerator, was 80%, in\nline with our expectations and reflecting a high number of planned maintenance\ndays and weather impacts in the quarter. At the same time, landfill volumes\nrose 34% due to sizeable project activity. Field Services revenue grew 7%, as\nwe responded to a steady stream of customer emergency events across the U.S.,\nincluding a large-scale project that generated approximately $10 million in\nrevenue. Overall, our ES segment delivered solid Q1 results despite regional\nsoftness in our Industrial Services business. Following a strong March, we\nexited the quarter with considerable momentum heading into the balance of the\nyear.”\n\n“Within our SKSS segment, we began the quarter by advancing our CFO pricing\nstrategy for our waste oil collection services and finished amid an improving\npricing environment for base oil and related products,” said Mike Battles,\nCo-Chief Executive Officer. “We exceeded our Q1 expectations by growing\nsegment Adjusted EBITDA by 17% and achieving a 320-basis-point improvement in\nAdjusted EBITDA margin. We gathered 53 million gallons of waste oil while\ncontinuing to increase revenues generated from our oil collection services. We\nalso continued to execute on our profitability-enhancing initiatives, such as\nGroup III production and increasing our direct lubricant gallons sold.”\n\nBusiness Outlook and Financial Guidance\n\n“We are seeing positive demand trends and increased opportunities across our\nkey lines of business to start the year,” Gerstenberg said. “An improving\nU.S. economic backdrop is creating growth opportunities for our expanding\ndisposal and recycling network, fueled by reshoring, PFAS, and project\nservices. Safety-Kleen Environmental Services should deliver another\nconsistent year of profitable growth. Branch expansion and investments within\nour Field Services business further solidifies our reputation as the national\ngo-to provider for environmental emergencies. Although our Industrial Services\nbusiness continues to operate in a challenged market, strategic initiatives\nbeing undertaken now will ensure growth as conditions improve. For SKSS, we\nare operating in a rising pricing and demand environment, with a focus on\nimproving profitability and strengthening long-term customer relationships.”\n\nBattles concluded, “We remain excited about our organic growth and\nacquisition prospects in 2026. The demand environment is highly favorable\nacross our core lines of business, which is driving our capex decisions to\naccelerate near-term revenue growth. Through sustained execution of our\ncapital allocation strategy, we continue to expect Clean Harbors to deliver\nstrong profitable growth and robust free cash flow this year.”\n\nIn the second quarter of 2026, Clean Harbors expects Adjusted EBITDA to grow\n5% to 9% year over year. Based on its first-quarter performance and current\nmarket conditions, Clean Harbors is raising the midpoint of its 2026 Adjusted\nEBITDA guidance by $40 million and the midpoint of its adjusted free cash flow\nguidance by $10 million. For the full year, Clean Harbors now expects:\n\n\n * Adjusted EBITDA in the range of $1.24 billion to $1.30 billion, with a\nmidpoint of $1.27 billion. This Adjusted EBITDA range is based on anticipated\nGAAP net income in the range of $421 million to $472 million.\n\n * Adjusted free cash flow in the range of $490 million to $550 million, with a\nmidpoint of $520 million. This range is based on anticipated net cash from\noperating activities in the range of $840 million to $960 million.\n\nNon-GAAP Results:\n\nAdjusted EBITDA Reconciliation\n\nClean Harbors reports Adjusted EBITDA, which is a non-GAAP financial measure\nand should not be considered an alternative to net income or other\nmeasurements under generally accepted accounting principles (GAAP) but viewed\nonly as a supplement to those measurements. Adjusted EBITDA is not calculated\nidentically by all companies, and therefore the Company’s measurement of\nAdjusted EBITDA may not be comparable to similarly titled measures reported by\nother companies. Clean Harbors believes that Adjusted EBITDA provides\nadditional useful information to investors because the Company’s management\nroutinely evaluates the performance of its businesses based upon levels of\nAdjusted EBITDA. The Company defines Adjusted EBITDA as described in the\nfollowing reconciliation showing the differences between reported net income\nand Adjusted EBITDA for the three months ended March 31, 2026 and 2025 (in\nthousands, except percentages):\n     Three Months Ended \n     March 31, 2026   March 31, 2025 \n Net income   $ 63,201     $ 58,680   \n Accretion of environmental liabilities     3,542       3,620   \n Stock-based compensation     9,578       7,635   \n Depreciation and amortization     115,799       111,980   \n Other expense, net     731       932   \n Interest expense, net of interest income     33,854       36,077   \n Provision for income taxes     21,149       15,930   \n Adjusted EBITDA   $ 247,854     $ 234,854   \n Adjusted EBITDA Margin     17.0 %     16.4 % \n   \n\n\nAdjusted Free Cash Flow Reconciliation\n\nClean Harbors reports adjusted free cash flow, a non-GAAP measure, which it\nconsiders to be a measurement of liquidity that provides useful information to\ninvestors about its ability to generate cash. The Company defines adjusted\nfree cash flow as net cash from operating activities less additions to\nproperty, plant and equipment plus proceeds from sale and disposal of fixed\nassets. When necessary, the Company adjusts for the cash impact of items\nderived from non-operating activities. Additionally, adjusted free cash flow\nexcludes significant strategic growth investments, as they are not indicative\nof free cash flow for the current period. Adjusted free cash flow should not\nbe considered an alternative to net cash from operating activities or other\nmeasurements under GAAP. Adjusted free cash flow is not calculated identically\nby all companies, and therefore the Company’s measurement of adjusted free\ncash flow may not be comparable to similarly titled measures reported by other\ncompanies.\n\nAn itemized reconciliation between reported GAAP net cash from operating\nactivities and adjusted free cash flow is as follows (in thousands):\n     Three Months Ended \n     March 31, 2026   March 31, 2025 \n Net cash from operating activities   $ 6,297     $ 1,605   \n Additions to property, plant and equipment     (98,443 )     (118,695 ) \n Cash investments in strategic growth projects     14,787       —   \n Proceeds from sale and disposal of fixed assets     1,522       1,343   \n Adjusted free cash flow   $ (75,837 )   $ (115,747 ) \n   \n\n\nAdjusted EBITDA Guidance Reconciliation\n\nAn itemized reconciliation between projected GAAP net income and projected\nAdjusted EBITDA is as follows (in millions):\n   For the Year Ending December 31, 2026 \n Projected GAAP net income $ 421 to $ 472 \n Adjustments:       \n Accretion of environmental liabilities   16 to   15 \n Stock-based compensation   41 to   44 \n Depreciation and amortization   470 to   460 \n Interest expense, net   144 to   139 \n Provision for income taxes   148 to   170 \n Projected Adjusted EBITDA $ 1,240 to $ 1,300 \n   \n\n\nAdjusted Free Cash Flow Guidance Reconciliation\n\nAn itemized reconciliation between projected GAAP net cash from operating\nactivities and projected adjusted free cash flow is as follows (in millions).\nThe Company excludes significant strategic growth investments, which the\nCompany expects to realize future long-term benefits from, as they are not\nindicative of free cash flow generation for the current period.\n For the Year Ending December 31, 2026 \n Projected net cash from operating activities $ 840   to $ 960   \n Additions to property, plant and equipment   (475 ) to   (535 ) \n Cash investments in strategic growth projects   110   to   110   \n Proceeds from sale and disposal of fixed assets   15   to   15   \n Projected adjusted free cash flow $ 490   to $ 550   \n   \n\n\nConference Call Information\n\nClean Harbors will conduct a conference call for investors today at 9:00 a.m.\n(ET) to discuss the information contained in this press release. During the\ncall, management will discuss Clean Harbors’ financial results, business\noutlook and growth strategy. Investors who wish to listen to the webcast and\nview the accompanying slides should visit the Investor Relations section of\nthe Company’s website at www.cleanharbors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=www.cleanharbors.com&index=2&md5=83c0419c1c258bb57d7e46ba66943c6f)\n. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881\nprior to the start time. If you are unable to listen to the live conference\ncall, the webcast will be archived on the Company’s website.\n\nAbout Clean Harbors\n\nClean Harbors (NYSE: CLH) is North America’s leading provider of\nenvironmental and industrial services. The Company serves a diverse customer\nbase, including a majority of Fortune 500 companies. Its customer base spans a\nnumber of industries, including chemical, manufacturing and refining, as well\nas numerous government agencies. These customers rely on Clean Harbors to\ndeliver a broad range of services such as end-to-end hazardous waste\nmanagement, emergency spill response, industrial cleaning and maintenance, and\nrecycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is\na leading provider of parts washers and environmental services to commercial,\nindustrial and automotive customers, as well as North America’s largest\nre-refiner and recycler of used oil. Founded in 1980 and based in\nMassachusetts, Clean Harbors operates in the United States, Canada, Mexico,\nPuerto Rico and India. For more information, visit www.cleanharbors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=www.cleanharbors.com&index=3&md5=c65c9f184c11f6a46fc76b571a46323d)\n.\n\nSafe Harbor Statement\n\nAny statements contained herein that are not historical facts are\nforward-looking statements within the meaning of the Private Securities\nLitigation Reform Act of 1995. These forward-looking statements are generally\nidentifiable by use of the words “believes,” “expects,” “intends,”\n“anticipates,” “plans to,” “seeks,” “will,” “should,”\n“estimates,” “projects,” “may,” “likely,” “potential,”\n“outlook” or similar expressions. Such statements may include, but are not\nlimited to, statements about the Company’s future financial and operating\nresults, plans, strategy, objectives and goals, cost management initiatives,\npricing and productivity initiatives, contingent liabilities, liquidity,\nbusiness, economic and market conditions, trends, customer demand, impacts of\ntariffs and new legislation, acquisitions, growth opportunities, expectations,\nchallenges and other statements that are not historical facts. Such statements\nare based upon the beliefs and expectations of Clean Harbors’ management as\nof the date of this press release only and are subject to certain risks and\nuncertainties that could cause actual results to differ materially, including,\nwithout limitation: operational and safety risks; risks relating to the\nfailure of new or existing technologies; cybersecurity risks; the occurrence\nof natural disasters or other catastrophic events, as well as their residual\nmacroeconomic effects; risks associated with retaining and hiring key\npersonnel; environmental liability and product liability risks relating to\nhazardous waste management and other components of the Company’s business;\nnegative economic, industry or other developments, including market volatility\nor economic downturns; risks associated with management’s assumptions\nrelating to expansion of the Company’s landfills; reductions in the demand\nfor emergency response services at industrial facilities or on roadways,\nrailways or waterways, and other remedial projects and regulatory\ndevelopments; reductions in the demand for oil products and automotive\nservices and volatility in oil prices in the markets the Company serves;\nchanges in statutory and regulatory requirements and risks relating to\nextensive environmental laws and regulations; risks associated with existing\nand potential litigation; risks associated with the Company’s identification\nand execution of strategic capital expenditures, acquisitions and divestitures\nand their related liabilities; risks relating to the availability and\nsufficiency of the Company’s insurance coverage, self-insurance, surety\nbonds, letters of credit and other forms of financial assurance; the impact of\nnew tax legislation or changes in tax regulations and interpretations; the\nimposition of trade sanctions or tariffs; fluctuations in interest rates and\nforeign currency exchange rates; risks relating to the Company’s\nindebtedness and covenants in its debt agreements; risks associated with\ncertain anti-takeover provisions under the Massachusetts Business Corporation\nAct and the Company’s By-Laws, and those items identified as “Risk\nFactors” in Clean Harbors’ most recently filed reports on Form 10-K and\nForm 10-Q. Forward-looking statements are neither historical facts nor\nassurances of future performance. Therefore, readers are cautioned not to\nplace undue reliance on these forward-looking statements. Clean Harbors\nundertakes no obligation to revise or publicly release the results of any\nrevision to these forward-looking statements other than through its filings\nwith the Securities and Exchange Commission, which may be viewed in the\n“Investors” section of Clean Harbors’ website at www.cleanharbors.com\n(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.cleanharbors.com&esheet=54529530&newsitemid=20260505814915&lan=en-US&anchor=www.cleanharbors.com&index=4&md5=1c6f1e55b482d952d1d09020ddc7eff3)\n.\n   \n CLEAN HARBORS, INC. AND SUBSIDIARIES \n \nUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS \n \n(in thousands, except per share amounts) \n   \n   \n     Three Months Ended \n     March 31, \n       2026       2025   \n Revenues   $ 1,459,537     $ 1,431,950   \n Cost of revenues     1,014,120       1,021,884   \n Selling, general and administrative expenses     207,141       182,847   \n Accretion of environmental liabilities     3,542       3,620   \n Depreciation and amortization     115,799       111,980   \n Income from operations     118,935       111,619   \n Other expense, net     (731 )     (932 ) \n Interest expense, net     (33,854 )     (36,077 ) \n Income before provision for income taxes     84,350       74,610   \n Provision for income taxes     21,149       15,930   \n Net income   $ 63,201     $ 58,680   \n Earnings per share:         \n Basic   $ 1.20     $ 1.09   \n Diluted   $ 1.19     $ 1.09   \n Shares used to compute earnings per share - Basic     52,821       53,759   \n Shares used to compute earnings per share - Diluted     52,992       53,993   \n   \n\n \n CLEAN HARBORS, INC. AND SUBSIDIARIES \n \nCONDENSED CONSOLIDATED BALANCE SHEETS \n \n(in thousands) \n   \n   \n   March 31, 2026   December 31, 2025 \n Current assets: (unaudited)     \n Cash and cash equivalents $ 547,994   $ 826,315 \n Short-term marketable securities   121,040     127,363 \n Accounts receivable, net   1,113,163     1,044,137 \n Unbilled accounts receivable   192,241     160,888 \n Inventories and supplies   363,935     372,088 \n Prepaid expenses and other current assets   104,759     116,452 \n Total current assets   2,443,132     2,647,243 \n Property, plant and equipment, net   2,562,156     2,541,067 \n Other assets:       \n Operating lease right-of-use assets   263,251     255,084 \n Goodwill   1,555,062     1,479,050 \n Permits and other intangibles, net   679,081     653,027 \n Other long-term assets   49,884     48,585 \n Total other assets   2,547,278     2,435,746 \n Total assets $ 7,552,566   $ 7,624,056 \n         \n Current liabilities:       \n Current portion of long-term debt $ 12,600   $ 12,600 \n Accounts payable   464,173     506,592 \n Deferred revenue   82,858     81,529 \n Accrued expenses and other current liabilities   384,130     441,788 \n Current portion of closure, post-closure and remedial liabilities   21,129     19,112 \n Current portion of operating lease liabilities   78,069     75,226 \n Total current liabilities   1,042,959     1,136,847 \n Other liabilities:       \n Closure and post-closure liabilities, less current portion   123,334     125,038 \n Remedial liabilities, less current portion   85,009     86,547 \n Long-term debt, less current portion   2,761,417     2,763,563 \n Operating lease liabilities, less current portion   189,797     184,308 \n Deferred tax liabilities   384,297     384,207 \n Other long-term liabilities   190,250     197,886 \n Total other liabilities   3,734,104     3,741,549 \n Total stockholders’ equity, net   2,775,503     2,745,660 \n Total liabilities and stockholders’ equity $ 7,552,566   $ 7,624,056 \n   \n\n \n CLEAN HARBORS, INC. AND SUBSIDIARIES \n \nUNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS \n \n(in thousands) \n   \n   \n   Three Months Ended \n   March 31, 2026 March 31, 2025 \n Cash flows from operating activities:     \n Net income $ 63,201   $ 58,680   \n Adjustments to reconcile net income to net cash from operating activities:     \n Depreciation and amortization   115,799     111,980   \n Allowance for doubtful accounts   2,919     2,825   \n Amortization of deferred financing costs and debt discount   1,307     1,666   \n Accretion of environmental liabilities   3,542     3,620   \n Changes in environmental liability estimates   (1,635 )   (9,863 ) \n Other expense, net   731     932   \n Stock-based compensation   9,578     7,635   \n Environmental expenditures   (4,086 )   (2,591 ) \n Changes in assets and liabilities, net of acquisitions:     \n Accounts receivable and unbilled accounts receivable   (104,781 )   (74,576 ) \n Inventories and supplies   7,803     8,670   \n Other current and non-current assets   7,513     (6,983 ) \n Accounts payable   (40,814 )   (10,989 ) \n Other current and long-term liabilities   (54,780 )   (89,401 ) \n Net cash from operating activities   6,297     1,605   \n Cash flows used in investing activities:     \n Additions to property, plant and equipment   (98,443 )   (118,695 ) \n Proceeds from sale and disposal of fixed assets   1,522     1,343   \n Acquisition, net of cash acquired   (131,820 )   —   \n Additions to intangible assets including costs to obtain or renew permits   (159 )   (248 ) \n Purchases of available-for-sale securities   (16,142 )   (24,186 ) \n Proceeds from sale of available-for-sale securities   22,319     21,456   \n Net cash used in investing activities   (222,723 )   (120,330 ) \n Cash flows used in financing activities:     \n Change in uncashed checks   (7,556 )   (1,714 ) \n Tax payments related to withholdings on vested restricted stock   (9,303 )   (8,688 ) \n Repurchases of common stock   (25,000 )   (55,000 ) \n Deferred financing costs paid   (643 )   —   \n Payments on finance leases   (12,601 )   (10,081 ) \n Principal payments on debt   (3,150 )   (3,776 ) \n Net cash used in financing activities   (58,253 )   (79,259 ) \n Effect of exchange rate change on cash   (3,642 )   209   \n Decrease in cash and cash equivalents   (278,321 )   (197,775 ) \n Cash and cash equivalents, beginning of period   826,315     687,192   \n Cash and cash equivalents, end of period $ 547,994   $ 489,417   \n Cash payments for interest and income taxes:     \n Supplemental information: \n Interest paid $ 38,435   $ 56,671   \n Income taxes paid, net of refunds   7,916     9,280   \n Non-cash investing activities:     \n Property, plant and equipment accrued   39,903     12,462   \n ROU assets obtained in exchange for operating lease liabilities   24,399     15,638   \n ROU assets obtained in exchange for finance lease liabilities   4,592     27,181   \n   \n\n\nSupplemental Segment Data (in thousands)\n   Three Months Ended \n Revenue March 31, 2026   March 31, 2025 \n   Third-Party   Intersegment   Direct   Third-Party   Intersegment   Direct \n \nRevenues \nRevenues \nRevenues \nRevenues \nRevenues \nRevenues \n \n(Expenses), \n(Expenses), \n \nnet \nnet \n Environmental Services $ 1,242,448   $ 10,078     $ 1,252,526   $ 1,207,038   $ 2,075     $ 1,209,113 \n Safety-Kleen Sustainability Solutions   217,089     (10,078 )     207,011     224,815     (2,075 )     222,740 \n Corporate   —     —       —     97     —       97 \n Total $ 1,459,537   $ —     $ 1,459,537   $ 1,431,950   $ —     $ 1,431,950 \n   \n\n   Three Months Ended \n Adjusted EBITDA March 31, 2026   March 31, 2025 \n Environmental Services $ 290,401     $ 274,591   \n Safety-Kleen Sustainability Solutions   32,981       28,252   \n Corporate   (75,528 )     (67,989 ) \n Total $ 247,854     $ 234,854   \n\n\n \n\n\n\nView source version on businesswire.com:\nhttps://www.businesswire.com/news/home/20260505814915/en/\n(https://www.businesswire.com/news/home/20260505814915/en/)\n\nEric J. Dugas\n\nEVP and Chief Financial Officer\n\nClean Harbors, Inc.\n\n781.792.5100\n\nInvestorRelations@cleanharbors.com \n(mailto:InvestorRelations@cleanharbors.com) \n\n\nJim Buckley\n\nSVP Investor Relations\n\nClean Harbors, Inc.\n\n781.792.5100\n\nBuckley.James@cleanharbors.com (mailto:Buckley.James@cleanharbors.com)\n\n\nCopyright Business Wire 2026"},"type":"article","timestamp":"2026-05-06T11:30:00.711494537Z","server_sent_at_ms":1778067000711},"received_at":"2026-05-06T11:30:00.796Z","source_url":"https://www.businesswire.com/news/home/20260505814915/en/"},"analysis":{"id":"17028","press_release_id":"22949","analysis_json":{"industry":{"label":"Commercial & Professional Services","sector":"Industrials"},"redFlags":[],"eventType":"earnings","narrative":"Clean Harbors reported record first-quarter revenue of $1.46 billion, with net income rising to $63.2 million or $1.19 per diluted share.\n\nAdjusted EBITDA increased 6% year-over-year to $247.9 million, with margins expanding 60 basis points driven by improvements in both the Environmental Services and Safety-Kleen Sustainability Solutions segments.\n\nBased on the strong performance, the company raised its full-year 2026 Adjusted EBITDA guidance range to $1.24B-$1.30B and increased adjusted free cash flow expectations to $490M-$550M.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Record Q1 revenue and margin expansion drive a meaningful raise to full-year EBITDA and free cash flow guidance."},"keyFigures":{"eps":1.19,"revenue":1460000000,"guidance":"2026 Adjusted EBITDA $1.24B-$1.30B (midpoint raised $40M); Adjusted free cash flow $490M-$550M (midpoint raised $10M)","customDimensions":{"net_income":63200000,"adjusted_ebitda":247900000,"operating_income":118900000,"adjusted_ebitda_margin":"17.0%"}},"quotedText":"We began 2026 with better-than-expected first-quarter results, including higher profitability in both of our operating segments","namedEntities":{"people":[{"name":"Eric Gerstenberg","role":"Co-Chief Executive Officer"},{"name":"Mike Battles","role":"Co-Chief Executive Officer"},{"name":"Eric J. Dugas","role":"EVP and Chief Financial Officer"},{"name":"Jim Buckley","role":"SVP Investor Relations"}],"products":[],"companies":[{"name":"Clean Harbors, Inc.","ticker":"CLH"},{"name":"Safety-Kleen","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1.46 billion","context":"Q1 2026 revenue"},{"amount":"$63.2 million","context":"Q1 2026 net income"},{"amount":"$247.9 million","context":"Q1 2026 Adjusted EBITDA"},{"amount":"$1.24 billion to $1.30 billion","context":"2026 Adjusted EBITDA guidance"},{"amount":"$490 million to $550 million","context":"2026 Adjusted free cash flow guidance"}]},"materialImpact":{"score":4,"reasoning":"Clean Harbors delivered record Q1 revenue and EPS growth alongside margin expansion. The company also raised full-year Adjusted EBITDA guidance by $40M and Adjusted Free Cash Flow guidance by $10M, signaling strong momentum and operational execution."},"tickerRelevance":{"others":[],"primary":"CLH"},"globalImportance":45,"audienceRelevance":30,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid-large-cap","eventGravity":"earnings_beat_raise","sectorWeight":"industrials","issuerAuthored":true}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"Clean Harbors reported record first-quarter revenue of $1.46 billion, with net income rising to $63.2 million or $1.19 per diluted share.\n\nAdjusted EBITDA increased 6% year-over-year to $247.9 million, with margins expanding 60 basis points driven by improvements in both the Environmental Services and Safety-Kleen Sustainability Solutions segments.\n\nBased on the strong performance, the company raised its full-year 2026 Adjusted EBITDA guidance range to $1.24B-$1.30B and increased adjusted free cash flow expectations to $490M-$550M.","key_figures":{"eps":1.19,"revenue":1460000000,"guidance":"2026 Adjusted EBITDA $1.24B-$1.30B (midpoint raised $40M); Adjusted free cash flow $490M-$550M (midpoint raised $10M)","customDimensions":{"net_income":63200000,"adjusted_ebitda":247900000,"operating_income":118900000,"adjusted_ebitda_margin":"17.0%"}},"named_entities":{"people":[{"name":"Eric Gerstenberg","role":"Co-Chief Executive Officer"},{"name":"Mike Battles","role":"Co-Chief Executive Officer"},{"name":"Eric J. Dugas","role":"EVP and Chief Financial Officer"},{"name":"Jim Buckley","role":"SVP Investor Relations"}],"products":[],"companies":[{"name":"Clean Harbors, Inc.","ticker":"CLH"},{"name":"Safety-Kleen","relationship":"subsidiary"}],"dollarAmounts":[{"amount":"$1.46 billion","context":"Q1 2026 revenue"},{"amount":"$63.2 million","context":"Q1 2026 net income"},{"amount":"$247.9 million","context":"Q1 2026 Adjusted EBITDA"},{"amount":"$1.24 billion to $1.30 billion","context":"2026 Adjusted EBITDA guidance"},{"amount":"$490 million to $550 million","context":"2026 Adjusted free cash flow guidance"}]},"model_name":"glm-4.7","prompt_hash":"sha256:511026a279f8af46","schema_hash":"sha256:96555d0809de301c","created_at":"2026-05-06T14:14:11.153Z","global_importance":45,"audience_relevance":30,"importance_components":{"tickerTier":"mid-large-cap","eventGravity":"earnings_beat_raise","sectorWeight":"industrials","issuerAuthored":true}},"durationMs":111936,"modelName":"glm-4.7"}}