Clean Harbors reports Q2 EPS $2.36, consensus $2.39

Reports Q2 revenue $1.55B, consensus $1.59B. “Our second-quarter results reflect the consistent profitable growth of our Environmental Services segment, where we experienced strong demand for our disposal assets, and a stabilization of our Safety-Kleen Sustainability Solutions segment, where our collection strategies yielded favorable results,” said Mike Battles, Co-Chief Executive Officer. “We improved our consolidated Adjusted EBITDA margin by 60 basis points from a year ago through lowering our overall cost structure with a sharp focus on our SG&A spend. In addition, we posted the best quarterly safety results in our history by generating a Total Recordable Incident Rate of just 0.40. We stand at 0.45 for the first half of the year – well on track to achieve our annual target as our programs and emphasis on working safely are helping to keep our employees protected.”