Quarterly ResultMay 6, 2026, 11:02 AM
Clean Harbors Q1 Net Income +7.7% to $63.2M; Acquires Businesses
AI Summary
Clean Harbors reported a strong first quarter for 2026, with net income increasing 7.7% to $63.2 million and diluted EPS rising 9.2% to $1.19. Total revenues grew 1.9% to $1.46 billion, driven by a 3.8% increase in service revenues. The company also completed a strategic acquisition of environmental businesses for $131.8 million, expanding its Environmental Services segment. Net cash from operating activities saw a significant increase, reaching $6.3 million.
Key Highlights
- Acquired certain environmental businesses for $131.8 million cash on March 20, 2026.
- Net income increased 7.7% to $63.2 million for the three months ended March 31, 2026.
- Diluted EPS rose 9.2% to $1.19 for the three months ended March 31, 2026.
- Total revenues grew 1.9% to $1.46 billion for the three months ended March 31, 2026.
- Service revenues increased 3.8% to $1.25 billion, while product revenues decreased 7.9%.
- Net cash from operating activities surged 292% to $6.3 million.
- Repurchased $25.0 million of common stock during the quarter.
- Environmental Services segment revenue increased to $1.24 billion.
Price Impact
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