Clean Harbors Q4 2022 Earnings Report
Key Takeaways
Clean Harbors announced a 14% increase in fourth-quarter revenue, reaching $1.28 billion, and a 29% increase in Adjusted EBITDA to $224.2 million. The Environmental Services segment led the growth, with significant improvements in margins. The company also provided full-year 2023 Adjusted EBITDA and Adjusted Free Cash Flow guidance.
Q4 revenue increased by 14% year-over-year to $1.28 billion.
Net income for Q4 was $82.5 million, or $1.52 per diluted share.
Adjusted EBITDA grew by 29% to $224.2 million in Q4.
Environmental Services segment revenues increased by 15% with a 35% rise in Adjusted EBITDA.
Clean Harbors
Clean Harbors
Clean Harbors Revenue by Segment
Forward Guidance
Clean Harbors provided full-year 2023 Adjusted EBITDA and Adjusted Free Cash Flow guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income