Clean Harbors Reports Strong 2024 Financial Performance

Clean Harbors ( (CLH) ) has released its Q4 earnings. Here is a breakdown of the information Clean Harbors presented to its investors.

Clean Harbors, Inc., a leader in environmental and industrial services across North America, provides a wide range of services including hazardous waste management, emergency spill response, and recycling, serving diverse sectors such as chemical, manufacturing, and automotive industries.

The company reported a robust financial performance for the fourth quarter and full year of 2024, with revenues increasing by 7% in Q4 to $1.43 billion and a full-year revenue of $5.89 billion, spurred by significant growth in its Environmental Services segment. Clean Harbors also commercially launched a new incinerator in Kimball, Nebraska, contributing to its operational capabilities.

Key financial metrics for 2024 include a net income of $402.3 million, reflecting an increase from the previous year, and an adjusted EBITDA that rose by 10% to $1.12 billion. The Environmental Services segment was a significant driver of this growth, achieving an 11% increase in revenue and a 25.3% adjusted EBITDA margin, indicating strong operational efficiency. However, the Safety-Kleen Sustainability Solutions segment faced challenges with a 5% decline in revenues due to market pressures.

Looking ahead, Clean Harbors projects continued growth in 2025, with expectations of a 6% increase in adjusted EBITDA. The company plans to capitalize on its recent acquisitions and enhancements, such as the Kimball incinerator, while focusing on cost management and leveraging favorable market conditions in the Environmental Services segment.

Overall, Clean Harbors remains optimistic about its strategic initiatives and market position, anticipating solid financial performance driven by its comprehensive service offerings and operational improvements.