Clean Harbors reported Q2 2025 revenue of $1.55 billion, flat compared to the prior year. Net income was $126.9 million, or $2.36 per diluted share, down from $133.3 million and $2.46 per diluted share in Q2 2024. Despite this, the company achieved a record Q2 Adjusted EBITDA of $336.2 million, an increase from $327.8 million in the same period last year, with the Adjusted EBITDA margin improving by 60 basis points to 21.7%. The Environmental Services segment showed consistent profitable growth, while the Safety-Kleen Sustainability Solutions segment performed ahead of expectations.
Revenue remained flat at $1.55 billion compared to Q2 2024.
Net income decreased to $126.9 million, resulting in an EPS of $2.36.
Achieved a record Q2 Adjusted EBITDA of $336.2 million, with a 60 basis point improvement in Adjusted EBITDA margin to 21.7%.
Environmental Services segment revenue grew 3% and Adjusted EBITDA grew 5%, marking its 13th consecutive quarter of year-over-year Adjusted EBITDA margin improvement.
Clean Harbors anticipates a strong second half of 2025, driven by core market momentum, a promising North American economic outlook, and continued execution of pricing strategies and operational efficiencies. The company reiterated its full-year 2025 Adjusted EBITDA and Adjusted Free Cash Flow guidance.