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Broke on Nov 06, 2026 · measured target $263.74 (-7%). Details →
Oct 28, 8:17 AM ET
Clean Harbors reported third-quarter 2026 revenue up 21% to $1.87 billion, with net income up 75% to $208.1 million, or $3.93 per diluted share. The company raised the midpoint of its 2026 Adjusted EBITDA and adjusted free cash flow guidance by $80 million, and announced that Eric Gerstenberg will become sole CEO on January 1, 2027, when co-CEO Mike Battles retires.
- Q3 2026 revenue rose 21% to $1.87 billion; Adjusted EBITDA rose 42% to $456.1 million.
- Net income rose 75% to $208.1 million, or $3.93 per diluted share, versus $2.21 a year earlier.
- 2026 Adjusted EBITDA guidance is $1.44 billion to $1.48 billion; adjusted free cash flow guidance is $600 million to $660 million.
- Gerstenberg becomes sole CEO January 1, 2027; Battles retires as co-CEO and director on December 31, 2026.
Read the filing on SEC.gov ↗
Oct 5, 5:06 PM ET
Clean Harbors completed its acquisitions of EnviroServe and ES&H for a combined purchase price of $775 million, funded through available cash and a $600 million senior notes offering. The company said the two businesses are expected to generate combined annual revenues of about $340 million and post-synergy Adjusted EBITDA of about $87 million, a multiple of 8.9 times Adjusted EBITDA.
- Clean Harbors issued $600.0 million of 6.250% senior notes due September 30, 2034, on October 1, 2026
- $470 million of the note proceeds financed the EnviroServe purchase; the remainder is to repay revolver borrowings used for ES&H
- ES&H acquisition closed September 18, 2026; EnviroServe acquisition closed October 2, 2026
- Combined expected annual revenue of about $340 million and post-synergy Adjusted EBITDA of about $87 million
Read the filing on SEC.gov ↗
Jul 29, 8:07 AM ET
Clean Harbors reported second-quarter 2026 revenue of $1.74 billion, up 12%, with net income up 34% to $170.5 million, or $3.22 per diluted share. The company raised the midpoint of its 2026 Adjusted EBITDA guidance by $110 million and announced a planned $305 million cash acquisition of ES&H, which is expected to close in the second half of 2026.
- Q2 2026 net income was $170.5 million, or $3.22 per diluted share, versus $126.9 million, or $2.36 per diluted share, a year earlier.
- Q2 2026 Adjusted EBITDA rose 22% to $409.0 million, and the Adjusted EBITDA margin was 23.6%, up from 21.7%.
- 2026 Adjusted EBITDA guidance is now $1.35 billion to $1.41 billion, and adjusted free cash flow guidance is $520 million to $580 million.
- A ten-year disposal contract with an estimated value of $600 million was awarded, and the ES&H acquisition is priced at $305 million in cash.
Read the filing on SEC.gov ↗
May 20, 4:34 PM ET
Clean Harbors said founder Alan McKim, its Executive Chairman and Chief Technology Officer, notified the Board on May 19, 2026 that he will retire from the Board and his CTO role once the Board appoints a new Chair. The company expects an independent Chair to be appointed in the summer of 2026 as part of a planned leadership transition, and the filing says the retirement does not reflect any disagreement with the company.
- McKim notified the Board on May 19, 2026, and the company announced the retirement in a press release dated May 20, 2026.
- The retirement takes effect when the Board appoints a new Chair, which is expected in summer 2026.
- The filing states the retirement does not arise from any disagreement with the company on operations, policies or practices.
- Edward Galante, lead independent director, and co-CEOs Mike Battles and Eric Gerstenberg were quoted in the press release.
Read the filing on SEC.gov ↗
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