Loading...
•
Jun 30, 2022
Clean Harbors Q2 2022 Earnings Report
Reported record quarterly financial results driven by robust demand, positive market dynamics, and the addition of HydroChemPSC.
Key Takeaways
Clean Harbors announced record second-quarter results with a 46% increase in revenue to $1.36 billion. Net income reached $148.2 million, with adjusted EBITDA growing by 65% to $309.1 million. The company also raised its 2022 adjusted EBITDA and adjusted free cash flow guidance.
Revenues increased 46% to $1.36 billion driven by strength across all core businesses and the addition of HydroChemPSC.
Net income was $148.2 million, with GAAP EPS of $2.71 and adjusted EPS of $2.44.
Adjusted EBITDA increased 65% to $309.1 million.
The company raised its 2022 adjusted EBITDA and adjusted free cash flow guidance.
Revenue by Segment
Forward Guidance
Clean Harbors expects strong operating results in both the ES and SKSS segments throughout the back half of 2022. For the year, the Company now expects Adjusted EBITDA in the range of $975 million to $1.005 billion, or a midpoint of $990 million and Adjusted free cash flow in the range of $310 million to $350 million, or a midpoint of $330 million.
Positive Outlook
- Benefiting from the resurgence in U.S. manufacturing.
- Benefiting from the 3M partnership.
- Benefiting from global reshoring to the U.S.
- Healthy projects pipeline.
- Benefiting from a strong pricing environment that shows no sign of slowing.
Challenges Ahead
- High inflation.
- Supply chain challenges.
- Hiring as rapidly as possible to meet customer needs.
- Lowering third-party costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...