CLEAN HARBORS INC (CLH) Form 8-K — Oct 28, 2026
Clean Harbors delivered record Q3 2026 results: revenue rose 21% to $1.87 billion, net income jumped 75% to $208.1 million ($3.93 diluted EPS), and Adjusted EBITDA grew 42% to $456.1 million with margin expanding 370 bps to 24.4%. Both segments drove the beat — Environmental Services benefited from a ~$120 million emergency response event and PFAS growth, while Safety-Kleen Sustainability Solutions posted 46% revenue growth and 209% Adjusted EBITDA growth on high re-refined product prices. The company raised the midpoint of its 2026 Adjusted EBITDA and adjusted free cash flow guidance by $80 million each, now expecting $1.44B-$1.48B EBITDA and $600M-$660M adjusted FCF.
Key figures
- Eps
- 3.93
- Revenue
- 1869449000
- Guidance
- FY2026 Adjusted EBITDA of $1.44B-$1.48B (midpoint $1.46B, raised by $80M); adjusted free cash flow of $600M-$660M (midpoint $630M, raised by $80M); Q4 Adjusted EBITDA growth of 23%-26% YoY
- Net Income
- 208100000
- Revenue Yoy
- 21%
- Total Assets
- 8283605000
- Cash Position
- 423544000
- Shares Outstanding
- 52,752 thousand basic / 52,897 thousand diluted
- La hub investment
- 55000000
- Adjusted ebitda q3
- 456088000
- Nine month revenue
- 5063991000
- Adjusted ebitda yoy
- 42%
- Nine month net income
- 441765000
- Adjusted ebitda margin
- 24.4% (+370 bps YoY)
- Incineration utilization
- 87%
- Income from operations q3
- 318109000
- Acquisitions completed ytd
- 5
- Adjusted free cash flow q3
- 323133000
- Skss adjusted ebitda growth
- 209%
- Skss segment revenue growth
- 46%
- Emergency response revenue event
- 120000000
AI analysis
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