Every material Form 8-K Clean Harbors filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Clean Harbors reported third-quarter 2025 revenue of $1.55 billion and net income of $118.8 million, or $2.21 per diluted share, both up from the prior year. The company revised its full-year 2025 Adjusted EBITDA guidance to $1.155 billion to $1.175 billion, citing third-quarter performance that management described as lower than anticipated in Environmental Services, and raised its adjusted free cash flow guidance to $455 million to $495 million.
Q3 revenue was $1.55 billion versus $1.53 billion a year earlier; net income was $118.8 million, or $2.21 per diluted share, versus $2.12.
Q3 Adjusted EBITDA rose 6% to $320.2 million from $301.8 million.
Full-year 2025 Adjusted EBITDA guidance was revised to $1.155 billion to $1.175 billion; adjusted free cash flow guidance was raised to $455 million to $495 million.
The company plans a $210 million to $220 million facility to convert a re-refining byproduct into base oil, with commercial launch expected in 2028.
Clean Harbors sold $745.0 million of 5.750% senior notes maturing in 2033 and entered into an amended credit agreement with $1,260.0 million of new term loans. The proceeds are being used to refinance existing term loans and to redeem $545.0 million of 4.875% notes due 2027 on October 31, 2025, which changes the company's debt structure and maturities rather than reporting a change in operating results.
Notes issued October 9, 2025: $745.0 million, 5.750% senior unsecured, interest payable April 15 and October 15, maturing October 15, 2033
New Term Loans of $1,260.0 million mature October 9, 2032, priced at Term SOFR plus 1.50% and secured by substantially all company assets
Refinances about $1,457.3 million of existing term loans; remaining proceeds and cash on hand to redeem $545.0 million of 2027 notes on October 31, 2025
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.
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.
Clean Harbors reported first-quarter 2025 revenue up 4% to $1.43 billion, but net income fell to $58.7 million, or $1.09 per diluted share, from $69.8 million, or $1.29, a year earlier. The company said it is maintaining its full-year 2025 Adjusted EBITDA and adjusted free cash flow guidance, which means shareholders see higher sales alongside lower earnings and no change to the outlook.
Revenue rose 4% to $1.43 billion from $1.38 billion; Adjusted EBITDA was $234.9 million versus $230.1 million
Net income was $58.7 million, or $1.09 per diluted share, versus $69.8 million, or $1.29, in Q1 2024; income from operations fell to $111.6 million from $125.5 million
Full-year 2025 guidance reiterated: Adjusted EBITDA of $1.15 billion to $1.21 billion and adjusted free cash flow of $430 million to $490 million
Q2 2025 Adjusted EBITDA is expected to grow 1-3% year over year
Clean Harbors reported fourth-quarter 2024 revenue up 7% to $1.43 billion, while net income fell to $84.0 million, or $1.55 per diluted share, from $98.3 million, or $1.81, a year earlier. For full-year 2024, revenue rose 9% to $5.89 billion and diluted EPS rose to $7.42 from $6.95, and the company guided to 2025 adjusted EBITDA of $1.15 billion to $1.21 billion.
Q4 2024 revenue rose 7% to $1.43 billion; Q4 diluted EPS was $1.55 versus $1.81 in Q4 2023.
Full-year 2024 net income was $402.3 million, or $7.42 per diluted share, versus $377.9 million, or $6.95, in 2023.
2025 guidance: adjusted EBITDA of $1.15 billion to $1.21 billion and adjusted free cash flow of $430 million to $490 million.
In Q1 2025, the company expects Environmental Services adjusted EBITDA to grow 4% to 6% and consolidated adjusted EBITDA to be flat.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Clean Harbors filing is on SEC EDGAR ↗. 8-K briefs of other companies →