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Jun 30, 2023
Clean Harbors Q2 2023 Earnings Report
Clean Harbors' second-quarter performance was strong, driven by the continued momentum of the Environmental Services segment, which partly offset decreased revenue and profitability in the Safety-Kleen Sustainability Solutions segment.
Key Takeaways
Clean Harbors reported a 3% increase in revenue to $1.40 billion. Net income and adjusted net income were $115.8 million, with EPS and adjusted EPS at $2.13. Adjusted EBITDA was $287.5 million.
Q2 Revenue grew to $1.4 billion due to strength in Environmental Services.
Q2 Net Income reached $115.8 Million, with EPS and Adjusted EPS of $2.13.
Q2 Adjusted EBITDA was $287.5 Million.
The company reiterated its 2023 Adjusted EBITDA and Adjusted Free Cash Flow Guidance.
Revenue by Segment
Forward Guidance
Clean Harbors expects its ES segment to continue to grow and perform well in Q3 2023. Overall, the Company expects Adjusted EBITDA to decrease 7% to 9% from the prior year related to the difficult year-over-year comparison in its SKSS segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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