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.
Clean Harbors Inc (CLH) reported better-than-expected financial results for the fourth quarter, reflecting strong operational performance. This positive news could enhance investor confidence and attract new capital, potentially impacting CLH's stock price favorably in the near term.
- Clean Harbors (CLH) reported beating earnings and revenues, with an increase in stock price. - Total revenues grew 5.3% year-over-year. - CLH's adjusted EBITDA increased by 7% from the year-ago quarter. - CLH raised guidance for adjusted EBITDA for 2024. - CLH stock has gained 56.1% over the past year, outperforming the industry and S&P 500. Price Impact Rating: Bullish Impact Horizon Rating: Long-term Type: Earnings
