Overview

* Clean Harbors ( CLH ) Q3 revenue misses analyst expectations at $1.55 bln

* Adjusted EBITDA for Q3 misses estimates, despite a 6% year-over-year increase

* Company plans $210-220 mln investment in facility to upgrade re-refinery byproducts

Outlook

* Clean Harbors ( CLH ) raises full-year 2025 Adjusted EBITDA guidance to $1.155 bln-$1.175 bln

* Company expects 2025 adjusted free cash flow of $455 mln-$495 mln

* Clean Harbors ( CLH ) anticipates strong Q4 performance with 6%-8% Adjusted EBITDA growth

Result Drivers

* TECHNICAL SERVICES GROWTH - Co reports 12% growth in Technical Services driven by increased remediation and waste project work, despite slowdowns in chemical verticals

* SAFETY-KLEEN PERFORMANCE - Safety-Kleen Environmental Services revenue rose 8% due to price and volume growth, with high demand for disposal services

* WASTE VOLUMES AND EFFICIENCIES - Co increased Adjusted EBITDA margin by managing costs, driving efficiencies, and handling more waste through disposal and recycling network

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.55 $1.57

Revenue bln bln (10

Analysts

)

Q3 EPS $2.21

Q3 Net $118.80

Income mln

Q3 Miss $320.20 $331.89

Adjusted mln mln (10

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the environmental services & equipment peer group is "buy"

* Wall Street's median 12-month price target for Clean Harbors Inc ( CLH ) is $255.00, about 3.5% above its October 28 closing price of $246.19

* The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)