Clean Harbors Q2 EPS falls to $2.36; adjusted EBITDA rises to $336.2 million
Clean Harbors reported second-quarter 2025 revenue of $1.55 billion, flat with a year earlier, while net income fell to $126.9 million from $133.3 million. Adjusted EBITDA rose to $336.2 million from $327.8 million, but the company reiterated the midpoints of its full-year 2025 guidance rather than raising them, so shareholders see lower reported profit alongside higher adjusted earnings.
Key points
- Q2 2025 revenue was $1.55 billion, flat with Q2 2024; net income was $126.9 million, or $2.36 per diluted share, versus $133.3 million, or $2.46, a year earlier.
- Adjusted EBITDA was $336.2 million, up from $327.8 million, with an Adjusted EBITDA margin of 21.7% versus 21.1%.
- Full-year 2025 guidance midpoints were reiterated: Adjusted EBITDA of $1.16 billion to $1.20 billion and adjusted free cash flow of $430 million to $490 million.
- The company expects Q3 2025 Adjusted EBITDA to grow 9% to 12% from the prior-year quarter.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.