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Mar 31, 2022
Clean Harbors Q1 2022 Earnings Report
Clean Harbors reported a strong first-quarter performance driven by robust demand and the acquisition of HydroChemPSC.
Key Takeaways
Clean Harbors announced strong Q1 2022 results, with revenues up 45% year-over-year to $1.17 billion. Net income increased to $45.3 million, or $0.83 per diluted share, and adjusted EBITDA grew by 39% to $180.3 million.
Revenues increased 45% to $1.17 billion compared to Q1 2021.
Net income was reported at $45.3 million, or $0.83 per diluted share.
Adjusted EBITDA increased 39% to $180.3 million with a margin of 15.4%.
The company raised its 2022 adjusted EBITDA guidance.
Clean Harbors
Clean Harbors
Clean Harbors Revenue by Segment
Revenue by Segment
Environmental Services Revenue
CapyFin.comSafety-Kleen Sustainability Solutions Revenue
CapyFin.com Forward Guidance
Clean Harbors expects Adjusted EBITDA to increase 25% to 30% in the second quarter of 2022 and is raising the midpoint of its 2022 Adjusted EBITDA guidance by $35 million.
Positive Outlook
- Adjusted EBITDA in the range of $800 million to $830 million.
- Anticipated GAAP net income in the range of $225 million to $258 million.
- Adjusted free cash flow in the range of $250 million to $290 million.
- Anticipated net cash from operating activities in the range of $560 million to $620 million.
- Company expects Adjusted EBITDA to increase 25% to 30% in the second quarter of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income