Clean Harbors (NYSE:CLH) Announces Quarterly Earnings Results

Clean Harbors (NYSE:CLH) issued its earnings results on Wednesday. The business services provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04, FiscalAI reports. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. Clean Harbors had a return on equity of 14.47% and a net margin of 6.48%.The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS.

Here are the key takeaways from Clean Harbors’ conference call:

• Company beat Q1 expectations, with consolidated adjusted EBITDA up 6% to $248M and management raising 2026 adjusted EBITDA guidance to $1.24B–$1.30B (midpoint $1.27B), implying ~9% growth vs. 2025.
• SKSS outperformed materially — Q1 adjusted EBITDA rose 17% with a 320 bp margin improvement, driven by charge-for-oil actions and a late-quarter base oil price rally; management now expects SKSS ~ $165M of EBITDA for 2026.
• Environmental Services showed continued momentum: 16th consecutive quarter of margin improvement, strong project/PFAS work (landfill volumes +34%) and field-service expansion (opened branches), supported by a new PFAS framework and EPA/DoD guidance that bolsters the sales pipeline.
• Balance sheet and capital allocation remain constructive with cash and marketable securities of roughly $670M, net debt/EBITDA ~2x, $25M of share buybacks in Q1 and $575M remaining authorization, while management continues to fund strategic CapEx and tuck‑in M&A.
• Caveats and risks include persistent weakness/uncertainty in industrial services (refinery turnaround cadence), uncertainty around the duration of elevated base‑oil spreads, and typical Q1 seasonal negative adjusted free cash flow, which could pressure near‑term results if market conditions reverse.

Clean Harbors Stock Performance

Shares of NYSE:CLH traded down $23.23 during trading on Wednesday, reaching $290.47. The stock had a trading volume of 1,662,261 shares, compared to its average volume of 506,316. The stock has a fifty day simple moving average of $294.61 and a two-hundred day simple moving average of $260.07. The company has a quick ratio of 2.00, a current ratio of 2.33 and a debt-to-equity ratio of 1.01. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $316.98. The firm has a market capitalization of $15.48 billion, a price-to-earnings ratio of 39.85 and a beta of 0.92.

Wall Street Analyst Weigh In

CLH has been the topic of several research reports. Citigroup upgraded shares of Clean Harbors from a “neutral” rating to a “buy” rating and upped their price objective for the company from $302.00 to $346.00 in a research note on Wednesday, April 8th. Oppenheimer boosted their price target on shares of Clean Harbors from $283.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, February 19th. The Goldman Sachs Group upped their price target on shares of Clean Harbors from $268.00 to $306.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 8th. Zacks Research upgraded Clean Harbors from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, BMO Capital Markets boosted their target price on Clean Harbors from $290.00 to $310.00 and gave the company an “outperform” rating in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $314.00.

Insider Buying and Selling at Clean Harbors

In other Clean Harbors news, CEO Eric W. Gerstenberg sold 1,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $293.00, for a total transaction of $293,000.00. Following the completion of the transaction, the chief executive officer owned 38,877 shares of the company’s stock, valued at $11,390,961. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eric J. Dugas sold 2,788 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $281.31, for a total transaction of $784,292.28. Following the sale, the chief financial officer owned 15,933 shares of the company’s stock, valued at $4,482,112.23. This trade represents a 14.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,597 shares of company stock worth $3,895,286 in the last quarter. 5.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Clean Harbors

Several large investors have recently made changes to their positions in CLH. Durable Capital Partners LP acquired a new stake in Clean Harbors in the 3rd quarter valued at approximately $133,217,000. Two Sigma Investments LP lifted its holdings in shares of Clean Harbors by 148.3% during the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock worth $89,287,000 after buying an additional 229,666 shares during the last quarter. Corient Private Wealth LLC boosted its position in shares of Clean Harbors by 3,782.7% in the fourth quarter. Corient Private Wealth LLC now owns 194,718 shares of the business services provider’s stock valued at $45,657,000 after acquiring an additional 189,703 shares during the period. FIL Ltd boosted its position in shares of Clean Harbors by 88.4% in the fourth quarter. FIL Ltd now owns 352,690 shares of the business services provider’s stock valued at $82,699,000 after acquiring an additional 165,517 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Clean Harbors by 28.0% in the third quarter. Bank of America Corp DE now owns 454,094 shares of the business services provider’s stock worth $105,450,000 after acquiring an additional 99,408 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.