Clean Harbors (CLH) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 06, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.17

Last Year’s EPS

1.09

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 11 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 18, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong operational and financial results (record revenue, margin expansion, record free cash flow, buybacks, low leverage, and multiple operational milestones) and presented a constructive yet prudent outlook for 2026 (guiding ~5% EBITDA growth). Management acknowledged near-term headwinds — notably weakening base oil prices affecting SKSS, conservative Industrial Services expectations, weather-related volatility, and modest corporate cost inflation — but articulated clear mitigation strategies (pricing, CFO actions, fleet expansion, M&A, PFAS pipeline) and concrete capital allocation actions. On balance, positive performance and strong cash generation outweigh the manageable challenges and conservative assumptions.

Company Guidance

Management guided 2026 adjusted EBITDA of $1.20–$1.26 billion (midpoint $1.23B, ~5% growth vs. 2025), with Environmental Services expected to grow just over 5% at the midpoint and Q1 ES adj. EBITDA +4% to +7% YoY (consolidated Q1 growth ~1%–3%); SKSS is guided to roughly $135M of adjusted EBITDA (assumed similar to 2025). Guidance incorporates an estimated $5–$6M of 2026 adjusted EBITDA from the signed DCI carve‑out (the asset base is expected to generate ~$11M annual adj. EBITDA when fully owned), assumes only a few million dollars of 2026 EBITDA contribution from the $50M vacuum-truck fleet rollout (which management expects to add $12–$14M of EBITDA in 2028 when fully ramped), and models PFAS business growth at ~20% YoY. Corporate negative adjusted EBITDA is expected to increase ~2%–4%, net CapEx (excluding an $85M SDA and $25M fleet spend) is targeted at $340M–$400M (midpoint $370M), adjusted free cash flow is guided to $480M–$540M (midpoint $510M, ~41% conversion of guided adj. EBITDA), and the company retains $600M of share‑repurchase capacity after $133M of Q4 repurchases ($250M total repurchased in 2025).

Record Safety Performance

Total recordable incident rate of 0.49 for 2025 — a record year for safety, driving benefits in reputation, retention and cost control.

All-time High Revenue

Full-year 2025 revenue topped $6,000,000,000 for the first time in company history.

Adjusted EBITDA Growth and Margin Expansion

Full-year adjusted EBITDA reached approximately $1,170,000,000, a 5% increase year-over-year; consolidated adjusted EBITDA margin improved 40 basis points for the year, with Q4 margin at 18.6% (up 60 basis points YoY). Q4 adjusted EBITDA was $279,000,000, up 8% YoY.

Strong Q4 Revenue and Segment Momentum

Q4 revenue grew 5% to $1,500,000,000. Environmental Services (ES) Q4 revenue grew 6% (largest quarterly increase), with TS up 8%, Safety-Kleen Environmental up 7%, Field Services up 13%. ES segment adjusted EBITDA up 8% in Q4 and Q4 segment margin up ~50 basis points.

Record Cash Flow and Improved Balance Sheet

Record annual adjusted free cash flow of $509,000,000 (≈44% of 2025 adjusted EBITDA). Q4 operating cash flow $355,000,000 (up 17% YoY) and Q4 adjusted free cash flow $261,000,000. Cash & short-term marketable securities > $950,000,000 and net debt/EBITDA ≈ 1.8x (lowest leverage in ~15 years); blended interest rate 5.2%.

Share Repurchases and Capital Allocation

Returned $133,000,000 in Q4 via buybacks (nearly 600,000 shares); full-year repurchases ~$250,000,000 (>1,100,000 shares). Board expanded authorization by $350,000,000 to a remaining $600,000,000 capacity.

Strategic M&A and Organic Investment

Signed agreement to acquire DCI environmental businesses for ~$130,000,000; expected annual revenue ~$40,000,000 and ~$11,000,000 adjusted EBITDA (≈12x). Announced $50,000,000 targeted vacuum truck fleet expansion (expected incremental adjusted EBITDA $12–14M in 2028).

PFAS Momentum and Growth Opportunity

PFAS capabilities highlighted by EPA incineration study, Senate hearing participation, and a three-year $110,000,000 Pearl Harbor contract. Company guidance assumes a conservative 20% PFAS business growth in 2026; regulatory developments (EPA, DOD, NDAA) cited as growth catalysts.

SKSS (Safety-Kleen) Performance Improvements

SKSS Q4 adjusted EBITDA was $30,000,000, up 22% YoY; full-year SKSS adjusted EBITDA $137,000,000. Charge-for-oil (CFO) pricing increased ~50% vs Q3 average; collected ~56,000,000 gallons of waste oil (supporting re-refining and margins), and Group III production increasing by ~4–6 million gallons YoY with a roughly $1/gallon premium.

Guidance and 2026 Outlook

2026 adjusted EBITDA guidance range $1,200,000,000–$1,260,000,000 (midpoint $1,230,000,000, ≈5% growth vs 2025). Environmental Services expected to grow just over 5% at midpoint; SKSS guided to ~$135,000,000 adjusted EBITDA. Adjusted free cash flow guidance $480,000,000–$540,000,000 (midpoint $510,000,000, ≈41% conversion).

Operational Milestones

Successful Kimball incinerator first-year ramp, creation of Phoenix hub, handled nearly 22,000 emergency response events, PFAS incineration study with EPA, and voluntary turnover reduced 150 basis points to a five-year low.

Clean Harbors (CLH) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CLH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 06, 2026	2026 (Q1)	1.17 / -	1.09	―	―	―
Feb 18, 2026	2025 (Q4)	1.60 / 1.62	1.557	4.05% (+0.06)
Oct 29, 2025	2025 (Q3)	2.34 / 2.21	2.12	4.25% (+0.09)
Jul 30, 2025	2025 (Q2)	2.39 / 2.36	2.46	-4.07% (-0.10)
Apr 30, 2025	2025 (Q1)	1.07 / 1.09	1.29	-15.50% (-0.20)
Feb 19, 2025	2024 (Q4)	1.36 / 1.56	1.82	-14.45% (-0.26)
Oct 30, 2024	2024 (Q3)	2.16 / 2.12	1.68	26.19% (+0.44)
Jul 31, 2024	2024 (Q2)	2.23 / 2.46	2.13	15.49% (+0.33)
May 01, 2024	2024 (Q1)	1.15 / 1.29	1.36	-5.15% (-0.07)
Feb 21, 2024	2023 (Q4)	1.70 / 1.82	1.44	26.39% (+0.38)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CLH Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 18, 2026	$269.08	$276.25	+2.66%
Oct 29, 2025	$246.19	$217.92	-11.48%
Jul 30, 2025	$238.29	$230.93	-3.09%
Apr 30, 2025	$214.09	$213.94	-0.07%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Clean Harbors (CLH) report earnings?

Clean Harbors (CLH) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).

What is Clean Harbors (CLH) earnings time?

Clean Harbors (CLH) earnings time is at May 06, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CLH EPS forecast?

CLH EPS forecast for the fiscal quarter 2026 (Q1) is 1.17.