Clean Harbors Q3 revenue rises 21%, beats estimates
Overview
North America environmental services provider's Q3 revenue grew 21% yr/yr, beating analyst expectations
Q3 adjusted EBITDA rose 42% yr/yr, beating analyst estimates
Company raised 2026 guidance for adjusted EBITDA and adjusted free cash flow
Outlook
Company expects Q4 adjusted EBITDA to grow 23% to 26% year over year
Clean Harbors raises 2026 adjusted EBITDA guidance to $1.44 bln-$1.48 bln
Company sees 2026 adjusted free cash flow at $600 mln-$660 mln
Result Drivers
EMERGENCY RESPONSE & PFAS WORK - ES segment driven by large emergency response event, PFAS-related projects, strong waste volumes and pricing actions
HIGH RE-REFINED PRODUCT PRICES - SKSS segment benefited from elevated market pricing for re-refined products due to global supply disruptions
FIELD SERVICES GROWTH - Field Services business saw over 70% revenue growth, mainly from a major emergency response event
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $1.87 bln | $1.73 bln (15 Analysts) |
Q3 EPS | $3.93 | ||
Q3 Net Income | $208.10 mln | ||
Q3 Adjusted EBITDA | Beat | $456.10 mln | $408.51 mln (15 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the environmental services & equipment peer group is "buy"
Wall Street's median 12-month price target for Clean Harbors Inc is $364.50, about 16.5% above its October 27 closing price of $312.92
The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 33 three months ago
Reuters Recommended Reads
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Oct 28 - Finland's Lassila & Tikanoja Q3 revenue beats on price increases
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)