NORWELL, Mass. - Clean Harbors Inc . (NYSE:CLH) reported first quarter revenue that fell short of analyst expectations on Wednesday.
The company’s shares were down -0.98% in premarket trading following the release.
The environmental services company posted revenue of $1.43 billion for the quarter, missing the consensus estimate of $1.45 billion. However, adjusted earnings per share came in at $1.09, beating expectations by $0.02.
Clean Harbors saw revenue growth of 4% compared to the same quarter last year, with increases in both its Environmental Services and Safety-Kleen Sustainability Solutions segments. The company’s Environmental Services segment revenue rose 3% YoY to $1.21 billion, while Safety-Kleen revenue grew 9% to $224.8 million.
The company reaffirmed its full-year 2025 guidance, expecting adjusted EBITDA between $1.15 billion and $1.21 billion and adjusted free cash flow of $430 million to $490 million.
Clean Harbors noted strong demand for its disposal and recycling assets in the quarter. Incineration utilization, excluding a new facility, reached 88% compared to 79% a year ago.
"As we look ahead, we remain optimistic about our overall prospects for 2025," said Eric Gerstenberg, Co-Chief Executive Officer, citing tailwinds like the ramp-up of a new incinerator and emerging opportunities in PFAS remediation.
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