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

Clean Harbors (NYSE:CLH) released its earnings results on Wednesday. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.41, FiscalAI reports. Clean Harbors had a net margin of 6.53% and a return on equity of 14.37%. The company had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm posted $2.36 EPS. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year.

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 up $25.27 on Wednesday, hitting $328.94. 630,425 shares of the company traded hands, compared to its average volume of 513,000. 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 $293.69 and a 200 day simple moving average of $287.51. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.99 and a current ratio of 2.34. The stock has a market capitalization of $17.38 billion, a P/E ratio of 44.48 and a beta of 0.86.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CLH shares. Robert W. Baird upped their price target on shares of Clean Harbors from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. The Goldman Sachs Group raised their price objective on shares of Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Stifel Nicolaus assumed coverage on shares of Clean Harbors in a research note on Friday, May 29th. They set a “buy” rating and a $337.00 target price on the stock. Truist Financial upped their target price on shares of Clean Harbors from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Oppenheimer increased their price target on Clean Harbors from $310.00 to $316.00 and gave the stock an “outperform” rating in a research note on Thursday, May 7th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Clean Harbors presently has a consensus rating of “Moderate Buy” and an average target price of $330.21.

Insider Transactions at Clean Harbors

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 sale, the director directly owned 11,359 shares in the company, valued at approximately $3,250,832.21. The trade was a 6.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.00% of the company’s stock.

Institutional Investors Weigh In On Clean Harbors

Several large investors have recently made changes to their positions in CLH. Integrated Wealth Concepts LLC raised its holdings in shares of Clean Harbors by 102.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 2,187 shares of the business services provider’s stock worth $431,000 after acquiring an additional 1,109 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Clean Harbors by 47.7% in the first quarter. Jones Financial Companies Lllp now owns 607 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 196 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Clean Harbors by 12.1% in the first quarter. Goldman Sachs Group Inc. now owns 54,577 shares of the business services provider’s stock worth $10,757,000 after purchasing an additional 5,884 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Clean Harbors by 65.1% during the second quarter. Russell Investments Group Ltd. now owns 4,837 shares of the business services provider’s stock valued at $1,118,000 after purchasing an additional 1,908 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in Clean Harbors by 1.4% during the second quarter. Baird Financial Group Inc. now owns 4,418 shares of the business services provider’s stock valued at $1,021,000 after purchasing an additional 60 shares during the last quarter. 90.43% of the stock is owned by institutional investors.

About Clean Harbors

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.