Quarterly ResultMay 6, 2026, 08:21 AM
Clean Harbors Q1 Revenue $1.46B; Adjusted EBITDA +6%; Raises 2026 Guidance
AI Summary
Clean Harbors reported strong first-quarter 2026 financial results, achieving its highest-ever Q1 revenue of $1.46 billion. Net income increased to $63.2 million, or $1.19 per diluted share, while Adjusted EBITDA grew 6% to $247.9 million, with a 60 basis point margin expansion. Both Environmental Services and Safety-Kleen Sustainability Solutions segments showed improved profitability. Based on this performance, the company raised its full-year 2026 guidance for Adjusted EBITDA and Adjusted Free Cash Flow.
Key Highlights
- Q1 2026 revenue reached $1.46 billion, the highest Q1 in company history.
- Net income for Q1 2026 was $63.2 million, or $1.19 per diluted share.
- Adjusted EBITDA increased 6% to $247.9 million, with margin expanding 60 basis points.
- Environmental Services segment Adjusted EBITDA margin improved by 50 basis points.
- Safety-Kleen Sustainability Solutions segment Adjusted EBITDA grew 17%.
- Raised 2026 Adjusted EBITDA guidance to a range of $1.24 billion to $1.30 billion.
- Raised 2026 Adjusted Free Cash Flow guidance to a range of $490 million to $550 million.
- Q2 2026 Adjusted EBITDA is expected to grow 5% to 9% year over year.