CLEAN HARBORS INC (CLH) Form 10-Q — Oct 28, 2026
Clean Harbors reported a strong third quarter: total revenues rose 20.7% year-over-year to $1.87 billion, and net income jumped 75.2% to $208.1 million, with diluted EPS of $3.93 versus $2.21 a year ago. Adjusted EBITDA surged 42.5% to $456.1 million, driven by a $100.3 million (46.0%) revenue increase in the SKSS segment on higher base and blended oil pricing and a large-scale emergency response event that contributed roughly $120 million of revenue to Environmental Services. The company was also highly active on M&A, closing five acquisitions in 2026 including EnviroServe (~$470 million) and ES&H ($300.7 million), funded partly by a new $600 million 6.250% senior notes offering due 2034.
Key figures
- Eps
- Q3 diluted $3.93; nine-month diluted $8.34
- Revenue
- 5063991000
- Net Income
- Q3 $208.1M (+75.2% YoY); nine months $441.8M (+45.1% YoY)
- Total Debt
- 2902950000
- Revenue Yoy
- 11.8% (nine months); Q3 revenue $1,869.4M, +20.7% YoY
- Total Assets
- 8283605000
- Cash Position
- 423544000
- Shares Outstanding
- 52729841
- Esnh acquisition
- $300.7 million
- Senior notes 2034
- $600.0 million at 6.250%, due September 30, 2034
- Terra nova acquisition
- $225.4 million
- Adjusted ebitda q3 2026
- 456088000
- Enviroserve acquisition
- $470 million
- Western oil acquisition
- $29.4 million
- Depot connect acquisition
- $132.5 million
- Adjusted ebitda q3 yoy pct
- 42.5%
- Incinerator utilization q3
- 87%
- Skss direct revenue growth q3
- 46.0%
- Adjusted free cash flow nine months
- 383000000
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