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CLHBullishEarningsShort Term

High materiality9/10

Clean Harbors Announces Second-Quarter 2026 Financial Results

StockNews.AIJul 29, 7:30 AM EDT1 source

Trading thesisImportance 9/10

Bullish on CLH into 6–12 months due to higher EBITDA, cash flow, and accretive ES&H deal.

AI summary

What happened and why it matters

Clean Harbors delivered a record second quarter with $1.74B in revenue (up 12%), $170.5M net income, and $3.22 EPS. Adjusted EBITDA rose 22% to $409M, with a 23.6% margin. The company also secured a $600M, ten-year disposal contract and agreed to acquire ES&H for $305M, expanding Field Services; combined with stronger PFAS and reshoring trends, management raised full-year EBITDA and free-cash-flow guidance for 2026, signaling robust momentum into H2.

600M multi-year disposal contract enhances recurring revenue visibility.
ES&H acquisition expands Field Services; $5M synergy target; 8.7x post-synergy EBITDA.
2026 EBITDA guidance raised by $110M; FCF midpoint up to $550M.
PMI above 50 and reshoring support higher volumes into Clean Harbors’ network.

Sentiment rationale

Strong quarterly figures validate execution across segments; higher guidance provides near-term upside, and the ES&H deal is an accretive, scale-enhancing move that could lift multiple valuation metrics if execution meets synergies.

Key facts

01
Revenue rose 12% to $1.74B in Q2; ES and SKSS drove growth.
02
Net income $170.5M; EPS $3.22; Adj EBITDA $409.0M, margin 23.6%.
03
Awarded a ten-year disposal contract valued at ~$600M over life.
04
Agrees to acquire ES&H for $305M to bolster Field Services; close H2 2026.
05
Raised 2026 guidance: Adj EBITDA midpoint to $1.38B; Adj FCF midpoint to $550M.

Corporate Developments

Category fits Corporate Developments with earnings context; highlights material contract win and strategic acquisition affecting CLH's growth trajectory.