Clean Harbors
🇺🇸 NYSE:CLH
•
Dec 31, 2024
Clean Harbors Q4 2024 Earnings Report
Clean Harbors reported revenue growth in Q4 2024, driven by strong performance in Environmental Services, but faced challenges in Safety-Kleen Sustainability Solutions.
Key Takeaways
Clean Harbors achieved 6.96% revenue growth in Q4 2024, reaching $1.43 billion. The Environmental Services segment grew by 9%, while Safety-Kleen Sustainability Solutions declined by 5%. Net income declined 14.57% year-over-year to $84.00 million, and operating margin fell to 9.55%.
Revenue increased 6.96% YoY to $1.43 billion, led by Environmental Services growth.
Net income declined 14.57% YoY due to lower profitability in Safety-Kleen Sustainability Solutions.
Adjusted EBITDA improved slightly to $257.2 million.
Operating margin declined to 9.55%, reflecting cost pressures.
Clean Harbors Revenue
Clean Harbors EPS
Clean Harbors Revenue by Segment
Forward Guidance
Clean Harbors expects profitable growth in 2025, led by Environmental Services and strategic cost management.
Positive Outlook
- Expected Adjusted EBITDA growth of 6% in 2025.
- Strong backlog of waste streams and disposal projects.
- Continued expansion of Environmental Services segment.
- Operational improvements and efficiency initiatives.
- Launch of new incineration capacity in Nebraska.
Challenges Ahead
- Challenges persist in Safety-Kleen Sustainability Solutions.
- Market conditions in base oil and lubricants remain weak.
- Cost pressures could impact margins.
- Macroeconomic uncertainties affecting industrial activity.
- Regulatory changes may impact operational flexibility.