Clean Harbors ( (CLH) ) has released its Q1 earnings. Here is a breakdown of the information Clean Harbors presented to its investors.
Clean Harbors, Inc., a leading provider of environmental and industrial services in North America, offers a wide range of services including hazardous waste management and recycling through its Safety-Kleen subsidiary.
In its first-quarter 2025 financial results, Clean Harbors reported a 4% increase in revenue to $1.43 billion, alongside a net income of $58.7 million. The company also highlighted the successful performance of its new Kimball incinerator and strong demand trends for its disposal and recycling assets.
Key financial metrics included a slight increase in Adjusted EBITDA to $234.9 million and a 4% growth in the Environmental Services segment’s revenue. The Safety-Kleen Sustainability Solutions segment also saw a 9% revenue increase, driven by strategic acquisitions and cost-cutting measures. However, net income saw a decline compared to the previous year, attributed to higher depreciation and amortization costs.
Looking forward, Clean Harbors maintains a positive outlook for 2025, with expectations of continued growth driven by new market opportunities and strategic expansions. The company remains confident in achieving its financial targets despite uncertainties in the broader economic environment.