Want to see CLH full AI Analyst Report?
Earnings Data
Report Date
Jul 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.76Last Year’s EPS
2.36Same Quarter Last Year
Moderate Buy
Based on 11 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call conveyed a positive operational and financial trajectory: revenue grew modestly (+2%), adjusted EBITDA and margins expanded (+6% EBITDA, +60 bps margin), management raised full-year EBITDA guidance and highlighted strong segment-level momentum (ES and SKSS), PFAS pipeline growth, solid balance sheet and active capital deployment. Headwinds included weather-related Q1 disruption, softness and uncertainty in Industrial Services, seasonal negative Q1 free cash flow, higher SG&A and capex increases, and dependence of SKSS outperformance on the persistence of higher base oil prices. On balance, the positives (margin expansion, guidance raise, SKSS strength, PFAS momentum, balance-sheet flexibility and buybacks) materially outweigh the negatives.Company Guidance
Stronger Profitability and Margin Expansion
Consolidated Q1 adjusted EBITDA of $248M, up 6% year-over-year; adjusted EBITDA margin of 17%, a 60 basis point improvement vs. Q1 2025. Income from operations $119M (+7% YoY); net income +8% with EPS of $1.19.
Raised Full-Year Adjusted EBITDA Guidance
Updated 2026 adjusted EBITDA guidance of $1.24B–$1.30B (midpoint $1.27B), a $40M increase from prior guidance and implies approximately 9% adjusted EBITDA growth vs. 2025. Q2 consolidated adjusted EBITDA expected to grow 5%–9% YoY.
Environmental Services Momentum
ES revenue increased by more than $40M in Q1 driven by project services (including PFAS and emergency response). Technical Services revenue +5% YoY; Safety-Kleen Environmental Services revenue +7% YoY. ES achieved 16th consecutive quarter of YoY adjusted EBITDA margin improvement and 18th straight quarter of EBITDA growth; ES margin +50 bps in Q1. March ES revenues ~10% higher YoY and landfill volumes rose 34%.
Safety-Kleen Sustainable Solutions (SKSS) Outperformance
SKSS Q1 adjusted EBITDA grew 17% to $33M with a 320 basis point margin improvement. Collected 53 million gallons of waste oil in Q1; sales of higher-margin direct lubricant and Group III gallons increased. SKSS 2026 midpoint assumption ~$165M adjusted EBITDA (~+20% vs. 2025 and above prior $135M assumption).
Strong Balance Sheet and Shareholder Returns
Cash and short-term marketable securities approximately $670M; net debt-to-EBITDA ~2x with blended interest rate ~5.2%. Q1 share repurchases: ~87,000 shares for $25M at ~$287 avg; ~$575M remaining repurchase authorization. Closed DCI acquisition at end of Q1.
PFAS Capability and Growing Pipeline
Released an end-to-end PFAS management framework; EPA and DoD guidance endorse incineration and other disposal methods, supporting commercial demand. Company reported ~ $120M+ revenue from PFAS in 2025 and sees accelerating pipeline with initial growth trends in the ~25%–35% range.
Operational Capacity Gains and Strategic Investments
Kimball incinerator ramp exceeded 2025 tonnage targets and is running well (expected incremental EBITDA contribution). Company opened 18 field service branches in 2025 and plans 10 more in 2026; expects mid- to upper-80% incinerator utilization for the full year. Investing in SDA unit and vacuum/back-truck fleet to drive growth.
Technology and AI Adoption
Company continues to deploy AI and automation across waste classification, invoice audit, ready-to-bill, document processing, routing and field tools with expectations of productivity, compliance, safety and financial benefits over time.
CLH Earnings History
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 |
|---|---|---|---|
May 06, 2026 | $313.70 | $287.98 | -8.20% |
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% |
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 Jul 29, 2026, Before Open (Confirmed).
What is Clean Harbors (CLH) earnings time?
Clean Harbors (CLH) earnings time is at Jul 29, 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 (Q2) is 2.76.