Clean Harbors (NYSE:CLH) Posts Quarterly Earnings Results, Beats Estimates By $0.41 EPS

Clean Harbors (NYSE:CLH) announced its quarterly earnings results on Wednesday. The business services provider reported $3.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.41, FiscalAI reports. Clean Harbors had a net margin of 7.03% and a return on equity of 15.65%. The firm had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $2.36 earnings per share. The business’s revenue was up 11.9% on a year-over-year basis.

Here are the key takeaways from Clean Harbors’ conference call:

• Record Q2 performance: Revenue rose 12% to $1.74 billion, adjusted EBITDA increased 22% to $409 million, and the 23.6% margin was the highest in company history. Management cited strength in both Environmental Services and Safety-Kleen Sustainability Solutions.
• 2026 guidance was raised substantially: Adjusted EBITDA guidance increased by $110 million at the midpoint to $1.38 billion, implying approximately 18% growth, while adjusted free cash flow guidance rose to $550 million.
• Clean Harbors won a 10-year manufacturing waste-disposal contract valued at approximately $600 million, expected to ramp toward an $80 million-$100 million annual revenue run rate by 2030. Management views the agreement as evidence of reshoring-driven demand and customers’ preference for integrated waste providers.
• The company is expanding into data-center services, with work already secured at 10 sites and a target of approximately $200 million in annual revenue by 2028. It plans to invest $50 million over three years in specialty equipment, tankage, and vehicles to support the opportunity.
• Safety-Kleen Sustainability Solutions delivered a sharp rebound, including a 143% increase in adjusted EBITDA, as lubricant shortages lifted base-oil pricing and demand. Management expects favorable conditions to continue into Q3 but anticipates pricing to decline in Q4, underscoring the segment’s ongoing cyclicality.

Clean Harbors Price Performance

Shares of Clean Harbors stock traded down $3.08 on Friday, hitting $314.07. 122,659 shares of the company traded hands, compared to its average volume of 517,719. Clean Harbors has a 52 week low of $201.34 and a 52 week high of $335.94. The business has a 50-day simple moving average of $295.12 and a 200 day simple moving average of $288.53. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.99 and a current ratio of 2.13. The stock has a market capitalization of $16.60 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 2.35 and a beta of 0.86.

Insiders Place Their Bets

In other Clean Harbors news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $286.19, for a total value of $225,803.91. Following the completion of the transaction, the director directly owned 11,359 shares of the company’s stock, valued at $3,250,832.21. This trade represents a 6.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.00% of the company’s stock.

Institutional Trading of Clean Harbors

Several institutional investors and hedge funds have recently made changes to their positions in the business. Quattro Advisors LLC purchased a new position in Clean Harbors during the 4th quarter valued at about $26,000. Parkside Financial Bank & Trust raised its position in Clean Harbors by 205.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 119 shares of the business services provider’s stock worth $28,000 after buying an additional 80 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Clean Harbors during the 4th quarter worth about $48,000. Johnson Financial Group Inc. acquired a new stake in shares of Clean Harbors during the 3rd quarter worth approximately $71,000. Finally, US Bancorp DE increased its position in shares of Clean Harbors by 16.9% in the third quarter. US Bancorp DE now owns 374 shares of the business services provider’s stock valued at $87,000 after buying an additional 54 shares in the last quarter. 90.43% of the stock is currently owned by institutional investors.

Clean Harbors News Roundup

Here are the key news stories impacting Clean Harbors this week:

• Positive Sentiment: Better-than-expected Q2 performance: Clean Harbors reported adjusted earnings of $3.22 per share, exceeding the $2.81 consensus estimate, while revenue reached approximately $1.735 billion versus expectations of $1.64 billion. Revenue increased 11.9% year over year, supporting the investment case for continued growth. Clean Harbors Analysts Boost Their Forecasts After Better-Than-Expected Q2 Results
• Positive Sentiment: Broad analyst optimism: Following the earnings report, TD Cowen raised its price target to $380 and retained a Buy rating; Citigroup lifted its target to $376; Stifel raised its target to $364; and Truist increased its target to $365. These targets imply roughly 15% to 20% upside from the referenced share price. Analyst Price-Target Updates
• Positive Sentiment: Positive momentum and consensus: Clean Harbors hit a new 52-week high after the earnings release, while analysts maintain an overall “Moderate Buy” consensus. Coverage also highlights the company as a potential long-term growth stock. Clean Harbors Hits New 1-Year High After Strong Earnings
• Neutral Sentiment: Wells Fargo raised its target from $313 to $349 but kept an Equal Weight rating, suggesting the firm sees upside while remaining cautious relative to the stock’s recent performance. Wells Fargo Price-Target Update
• Negative Sentiment: Valuation risk: The shares trade near their 52-week high at a relatively elevated price-to-earnings ratio of about 38, and one valuation analysis characterized the stock as overvalued despite a strong overall quality score. This could limit gains or encourage profit-taking after the recent rally. Clean Harbors Stock Valuation Analysis

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their target price on Clean Harbors from $313.00 to $349.00 and gave the stock an “equal weight” rating in a research note on Friday. Bank of America set a $377.00 price target on Clean Harbors and gave the stock a “buy” rating in a report on Thursday. Oppenheimer reissued an “outperform” rating and issued a $350.00 price objective on shares of Clean Harbors in a report on Thursday. TD Cowen lifted their price objective on Clean Harbors from $335.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group boosted their price objective on shares of Clean Harbors from $300.00 to $315.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $354.57.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.