Record Safety Performance
Total Recordable Incident Rate (TRIR) was 0.46 in Q1, the best in the company's history.
Revenue and Segment Growth
Overall company revenue was up 4% in Q1, with ES segment revenue increasing by 3% and adjusted EBITDA rising 4%.
Incineration Utilization and Pricing
Incineration utilization was 88% compared to 79% in Q1 2024, with incineration prices rising over 5%.
SKSS Segment Outperformance
SKSS segment exceeded expectations with revenue growth due to greater volumes and higher charge for oil, despite lower base oil pricing.
Capital Allocation and M&A Strategy
Strong balance sheet with $600 million in cash and a continued focus on strategic M&A opportunities.