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Clean Harbors
🇺🇸 NYSE:CLH
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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.

Total Revenue
$1.4B
Previous year: $1.36B
+3.1%
EPS
$2.13
Previous year: $2.44
-12.7%
Adjusted EBITDA
$288M
Previous year: $309M
-7.0%
Gross Profit
$450M
Previous year: $458M
-1.6%
Cash and Equivalents
$239M
Previous year: $345M
-30.7%
Free Cash Flow
$85M
Previous year: $92.9M
-8.5%
Total Assets
$6.1B
Previous year: $5.92B
+3.0%

Clean Harbors

Clean Harbors

Clean Harbors 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

Company Overview

Full financial data and analysis

View Clean Harbors