The earnings call presented a strong performance in terms of safety, segment growth, financial results, and strategic positioning, especially in Environmental Services and PFAS remediation. While there were some challenges in Field Services and Industrial Services due to market conditions and lower revenue in SKSS, the overall sentiment of the call was positive, driven by robust financial health and strategic growth plans.

Company Guidance -

Q3 2025

During Clean Harbors' second quarter 2025 earnings call, key metrics highlighted a positive outlook. The company achieved its lowest ever quarterly Total Recordable Incident Rate (TRIR) of 0.40, with a year-to-date TRIR of 0.45, underscoring a strong safety performance. Financially, the Environmental Services segment showed sustained growth, contributing to a 60 basis point rise in consolidated adjusted EBITDA margin to 21.7%. Revenues from Safety-Kleen Environmental grew by 9%, while Technical Services’ incineration price rose by 7%, contributing to a 4% revenue increase. Incineration utilization stood at 89%, excluding new capacity from Kimball, which processed over 10,000 tons. The completion of large emergency response events was down, but strong margins were maintained in Field Services. The company maintains a positive outlook, with expectations to leverage ongoing reshoring trends and significant planned industrial investments in the U.S. to drive future growth.

Record Safety Performance

Achieved the lowest ever quarterly TRIR of 0.40 in Q2, setting a new company benchmark for safety performance, with year-to-date TRIR at 0.45.

Environmental Services Growth

Segment adjusted EBITDA margin grew year-over-year for the 13th consecutive quarter, driven by increased volumes and pricing efficiency gains.

Strong Financial Performance

Consolidated adjusted EBITDA margin increased by 60 basis points to 21.7%, driven by strong demand and lower SG&A costs.

Waste Oil Collection Success

SKSS exceeded expectations with $38 million delivered in Q2, reflecting a successful shift to higher charge for oil strategies.

Strong Balance Sheet

Cash and short-term marketable securities at quarter end was nearly $700 million, with a net debt-to-EBITDA ratio of approximately 2x.

Growth in Incineration and Landfill Volumes

Technical Services saw a 4% revenue increase due to higher volumes and pricing programs, with incineration price rising 7%.

Capital Allocation Strategy

Strong cash flow resulted in higher cash balances, allowing the company to pursue both internal growth and strategic M&A.

PFAS Remediation Leadership

Progress in PFAS incineration technology positions the company to lead in a multibillion-dollar opportunity.

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

Daily Earnings Calendar >

CLH Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	2.41 / -	2.12	―	―	―
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)
Nov 01, 2023	2023 (Q3)	2.09 / 1.68	2.43	-30.86% (-0.75)
Aug 02, 2023	2023 (Q2)	2.09 / 2.13	2.44	-12.70% (-0.31)

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
Jul 30, 2025	$238.29	$230.93	-3.09%
Apr 30, 2025	$214.09	$213.94	-0.07%
Feb 19, 2025	$226.70	$219.80	-3.04%
Oct 30, 2024	$263.39	$235.15	-10.72%

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 Oct 29, 2025, Before Open (Confirmed).

What is Clean Harbors (CLH) earnings time?

Clean Harbors (CLH) earnings time is at Oct 29, 2025, 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 2025 (Q3) is 2.41.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing