Clean Harbors Q2 2021 Earnings Report
Key Takeaways
Clean Harbors announced strong Q2 2021 results, exceeding guidance with a 30% increase in revenues to $926.5 million. The company reported net income of $67.1 million, or $1.22 EPS, and adjusted EBITDA of $187.8 million, a 36% increase. The company also raised its 2021 adjusted EBITDA and adjusted free cash flow guidance.
Achieved a 30% increase in Q2 revenues, reaching $926.5 million.
Delivered Q2 net income of $67.1 million, with an EPS of $1.22 and an adjusted EPS of $1.19.
Reported Q2 adjusted EBITDA of $187.8 million, a 36% increase, with margin improving by 80 basis points to 20.3%.
Announced plans to acquire HydroChemPSC for $1.25 billion and unveiled an incineration expansion plan at Kimball, Nebraska facility.
Clean Harbors
Clean Harbors
Clean Harbors Revenue by Segment
Forward Guidance
Clean Harbors raised its 2021 guidance and expects a record-setting financial year for the Company.
Positive Outlook
- Steady waste volumes expected within the Environmental Services segment.
- Anticipated growth in project work.
- Rising demand for a broad suite of service offerings.
- Acquisition of HydroChemPSC is expected to bolster capabilities within Industrial Services and Field Services.
- Used oil to base oil pricing spread in SKSS segment expected to extend until later in the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income