Clean Harbors Announces Third-Quarter 2026 Financial Results
Clean Harbors delivered record Q3 2026 results with revenue up 21% to $1.87 billion, net income up 75% to $208.1 million ($3.93 diluted EPS), and Adjusted EBITDA up 42% to $456.1 million at a record 24.4% margin. Adjusted free cash flow hit a record $323 million, boosted in part by one emergency response event that generated roughly $120 million of revenue at emergency response rates. SKSS revenue rose 46% with Adjusted EBITDA up 209% on strong re-refined product pricing.
Key figures
- Eps
- 3.93
- Revenue
- 1869449000
- Guidance
- FY2026 Adjusted EBITDA raised to $1.44B-$1.48B (midpoint $1.46B) and adjusted free cash flow raised to $600M-$660M (midpoint $630M), both midpoints up $80M; Q4 Adjusted EBITDA expected to grow 23-26% YoY
- Revenue Yoy
- 21%
- Net income
- 208100000
- Adjusted fcf
- 323133000
- Net income yoy
- 75%
- Adjusted ebitda
- 456088000
- Skss ebitda yoy
- 209%
- Skss revenue yoy
- 46%
- Adjusted ebitda yoy
- 42%
- Adjusted ebitda margin
- 24.4%
- Income from operations
- 318109000
- Es segment ebitda margin
- 27.4%
- Incineration utilization
- 87%
- Emergency response event revenue
- 120000000
AI analysis
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