Earnings Releases·Oct 28, 2026, 8:17 AM ET

Clean Harbors — Third Quarter 2026 Earnings Summary

Revenue rose 21% year-over-year to $1.87 billion, while net income surged 75% to $208.1 million ($3.93 per share) and Adjusted EBITDA grew 42% to $456.1 million with a 370 basis point margin expansion to 24.4%.
The company raised full-year 2026 Adjusted EBITDA guidance midpoint to $1.46 billion and Adjusted Free Cash Flow guidance midpoint to $630 million, citing robust demand and a record $323 million in quarterly adjusted free cash flow.
Safety-Kleen Sustainability Solutions (SKSS) delivered record quarterly revenue and profitability with 46% revenue growth, while Environmental Services saw Field Services revenue increase over 70% driven by emergency response activity.
Strategic updates include the completion of five acquisitions totaling $689 million in cash spending, a $55 million investment in a Los Angeles site, and an executive transition where Eric Gerstenberg will become Sole CEO on January 1, 2027.