--- title: "Clean Harbors | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.735 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294205174.md" datetime: "2026-07-29T12:09:46.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294205174.md) - [en](https://longbridge.com/en/news/294205174.md) - [zh-HK](https://longbridge.com/zh-HK/news/294205174.md) --- # Clean Harbors | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 1.735 B Revenue: As of FY2026 Q2, the actual value is USD 1.735 B, beating the estimate of USD 1.648 B. EPS: As of FY2026 Q2, the actual value is USD 3.22, beating the estimate of USD 2.8462. EBIT: As of FY2026 Q2, the actual value is USD 269.33 M. Clean Harbors, Inc. announced its second-quarter 2026 financial results, demonstrating significant growth across various metrics compared to the same period in 2025. #### Segment Revenue - **Second Quarter 2026 Third-Party Revenue** - Environmental Services revenue was $1,444.5 million, up from $1,330.1 million in Q2 2025. - Safety-Kleen Sustainability Solutions revenue was $290.5 million, up from $219.7 million in Q2 2025. - **Six Months Ended June 30, 2026 Third-Party Revenue** - Environmental Services revenue was $2,687.0 million, up from $2,537.1 million in the same period of 2025. - Safety-Kleen Sustainability Solutions revenue was $507.6 million, up from $444.5 million in the same period of 2025. #### Operational Metrics - **Second Quarter 2026 Financial Performance** - Net Income increased 34% to $170.5 million, up from $126.9 million in Q2 2025. - Income from Operations rose 28% to $268.9 million, compared to $210.3 million in Q2 2025. - Adjusted EBITDA grew 22% to $409.0 million, up from $336.2 million in Q2 2025. - Adjusted EBITDA Margin expanded by 190 basis points year-over-year to 23.6%, from 21.7% in Q2 2025. - Cost of Revenues was $1,126.2 million, compared to $1,033.5 million in Q2 2025. - Selling, General and Administrative Expenses were $214.6 million, up from $186.2 million in Q2 2025. - Accretion of Environmental Liabilities was $3.5 million, compared to $3.6 million in Q2 2025. - Depreciation and Amortization was $121.8 million, up from $116.3 million in Q2 2025. - Other (Income) Expense, Net was - $0.4 million, compared to $0.6 million in Q2 2025. - Interest Expense, Net was $37.2 million, compared to $37.1 million in Q2 2025. - Provision for Income Taxes was $61.7 million, up from $45.7 million in Q2 2025. - **Six Months Ended June 30, 2026 Financial Performance** - Net Income was $233.7 million, compared to $185.6 million in the same period of 2025. - Income from Operations was $387.8 million, compared to $321.9 million in the same period of 2025. - Adjusted EBITDA was $656.9 million, up from $571.1 million in the same period of 2025. - Adjusted EBITDA Margin was 20.6%, up from 19.2% in the same period of 2025. - Cost of Revenues was $2,140.3 million, compared to $2,055.4 million in the same period of 2025. - Selling, General and Administrative Expenses were $421.7 million, up from $369.0 million in the same period of 2025. - Accretion of Environmental Liabilities was $7.0 million, compared to $7.2 million in the same period of 2025. - Depreciation and Amortization was $237.6 million, up from $228.3 million in the same period of 2025. - Other (Income) Expense, Net was - $0.3 million, compared to - $1.5 million in the same period of 2025. - Interest Expense, Net was $71.1 million, compared to $73.2 million in the same period of 2025. - Provision for Income Taxes was $82.8 million, up from $61.6 million in the same period of 2025. - **Segment Adjusted EBITDA - Q2 2026 vs Q2 2025** - Environmental Services Adjusted EBITDA was $406.1 million, up from $376.2 million, with an Adjusted EBITDA margin of 27.9%. - Safety-Kleen Sustainability Solutions Adjusted EBITDA was $93.0 million, significantly up from $38.3 million, with a segment margin up over 70%. - **Segment Adjusted EBITDA - Six Months Ended June 30, 2026 vs 2025** - Environmental Services Adjusted EBITDA was $696.5 million, up from $650.8 million. - Safety-Kleen Sustainability Solutions Adjusted EBITDA was $126.0 million, up from $66.6 million. #### Cash Flow - **Second Quarter 2026** - Net Cash from Operating Activities was $239.2 million, an increase from $208.0 million in Q2 2025. - Adjusted Free Cash Flow was $135.7 million, up from $133.2 million in Q2 2025. - **Six Months Ended June 30, 2026** - Net Cash from Operating Activities was $245.5 million, up from $209.6 million in the same period of 2025. - Adjusted Free Cash Flow was $59.8 million, significantly up from $17.4 million in the same period of 2025. #### Unique Metrics - **Environmental Services Specifics (Q2 2026)** - Technical Services revenue grew 18%. - Safety-Kleen Environmental Services revenue increased 11%. - Incineration utilization was 91%, up from 86% a year ago. - Landfill volumes rose 7%. - Field Services revenue grew 3%. - **Safety-Kleen Sustainability Solutions Specifics (Q2 2026)** - SKSS segment revenue increased 41%. - 61 million gallons of waste oil were gathered. - **Strategic Developments** - Clean Harbors, Inc. secured a ten-year disposal contract with an estimated value of $600 million, involving incineration waste and complex wastewater volumes, set to commence in Q4 2026 and reach full capacity by 2030. - The company entered into a definitive agreement to acquire ES&H for $305 million in cash, expected to close in the second half of 2026. - ES&H has annual base revenues of approximately $90 million and generates approximately $30 million in annual Adjusted EBITDA, with Clean Harbors, Inc. anticipating $5 million in cost synergies after the first full year, resulting in a post-synergy acquisition multiple of 8.7 times. #### Outlook / Guidance Clean Harbors, Inc. expects continued positive demand trends across both operating segments. For Q3 2026, Adjusted EBITDA is projected to grow 24% to 28% year-over-year. The company raised its full-year 2026 guidance, now expecting Adjusted EBITDA between $1.35 billion and $1.41 billion, and Adjusted Free Cash Flow between $520 million and $580 million. ### Related Stocks - [CLH.US](https://longbridge.com/en/quote/CLH.US.md) ## Related News & Research - [Entropy Technologies LP Invests $3.17 Million in Clean Harbors, Inc. $CLH](https://longbridge.com/en/news/293839564.md) - [Earnings To Watch: Clean Harbors (CLH) Reports Q2 Results Tomorrow](https://longbridge.com/en/news/294004448.md) - [Clean Harbors Analysts Boost Their Forecasts After Better-Than-Expected Q2 Results](https://longbridge.com/en/news/294366145.md) - [Visualize Group LP Takes $27.61 Million Position in Clean Harbors, Inc. $CLH](https://longbridge.com/en/news/293912696.md) - [Lombard Odier Asset Management Europe Ltd Sells 34,357 Shares of Clean Harbors, Inc. $CLH](https://longbridge.com/en/news/293842842.md)