For the quarter ended December 2024, Clean Harbors (CLH) reported revenue of $1.43 billion, up 7% over the same period last year. EPS came in at $1.55, compared to $1.82 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +0.69%. The company delivered an EPS surprise of +15.67%, with the consensus EPS estimate being $1.34.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how t ...

Financial Data and Key Metrics Changes - The company reported consolidated EBITDA growth of 10% for the year, with full-year revenue growth of 11% and adjusted EBITDA margins exceeding 25% [6][8][26] - Total company revenues increased by over $90 million or 7% in Q4 and by over $480 million or 9% for the year [26] - Adjusted EBITDA for Q4 was $257 million, reflecting a decline in SKFS and higher corporate costs, with an adjusted EBITDA margin of 18% in Q4, down year over year but up 30 basis points for the full year [26][27] Business Line Data and Key Metrics Changes - The Environmental Services (ES) segment achieved a record year with a 15% adjusted EBITDA growth for the year, and Q4 marked the eleventh consecutive quarter of year-over-year improvement in adjusted EBITDA margin [10][26] - Field services revenue grew by 47%, primarily driven by HEPCO and organic growth, while technical services saw an 8% revenue increase [10] - The SKSS segment faced challenges with revenue and EBITDA decreasing year over year in Q4 due to soft demand and lower pricing [17][26] Market Data and Key Metrics Changes - The company reported strong waste collection volumes, particularly in containerized waste, and a healthy flow of project work [7][8] - The Kimbell incinerator, which launched commercial operations in December, is expected to increase overall North American capacity by 12% [13][14] - The company anticipates continued demand for its services driven by infrastructure investments and regulatory changes regarding PFOS [23][35] Company Strategy and Development Direction - The company is focused on executing strategic priorities, including the ramp-up of the Kimbell incinerator and expansion projects in Baltimore and Phoenix [21][22][23] - The management highlighted the importance of addressing PFOS remediation, which is expected to create a multi-billion dollar marketplace [15][35] - The company remains active in M&A opportunities to support growth plans and capture synergies [22][46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for 2025, citing strong demand for services and multiple tailwinds supporting growth [23][35] - The company expects adjusted EBITDA for 2025 to be in the range of $1.15 billion to $1.21 billion, with a midpoint of $1.18 billion [34] - Management acknowledged challenges in the SKSS segment but remains committed to cost-cutting initiatives and strategic pricing [17][34] Other Important Information - The company achieved a total recordable incident rate that surpassed its 2024 safety goal, emphasizing a commitment to safety [7] - Cash and short-term marketable securities at year-end were $790 million, up $195 million from the end of Q3 [29] - The company plans to invest $15 million in a growth project in Phoenix in 2025, excluding this from adjusted free cash flow calculations [34] Q&A Session Summary Question: Opportunities from California wildfires cleanup - Management confirmed participation in cleanup efforts but noted that the impact on Q1 guidance would be net neutral due to regional disruptions [39][41] Question: Bird flu response efforts - Management indicated potential for involvement but stated no significant opportunities have materialized yet [42] Question: Captive incinerator capacity and customer inquiries - Management reported ongoing discussions with captive customers regarding their next steps and potential closures [43][44] Question: M&A activity and market conditions - Management remains active in the M&A market, seeking financially and strategically sound deals despite rising multiples [46][47] Question: Q1 guidance specifics - Management provided insights into expected growth rates and factors affecting the ES segment, including HEPCO contributions and weather impacts [52][54] Question: Kimbell incinerator ramp-up expectations - Management outlined expected tonnage throughput and EBITDA contributions from the Kimbell incinerator throughout the year [58][59] Question: Update on MAC standards and regulatory impacts - Management discussed ongoing EPA reviews and potential future opportunities related to regulatory changes [61][62] Question: Customer retention metrics in industrial and field services - Management reported strong customer retention despite aggressive pricing strategies, with minimal attrition noted [111][112]

Clean Harbors (CLH) came out with quarterly earnings of $1.55 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.67%. A quarter ago, it was expected that this environmental services company would post earnings of $2.15 per share when it actually produced earnings of $2.12, delivering a surprise of -1.40%.Over the last four qu ...

EXHIBIT 99.1 Press Release Clean Harbors Announces Fourth-Quarter and Full-Year 2024 Financial Results NORWELL, Mass. – February 19, 2025 – Clean Harbors, Inc. ("Clean Harbors" or the "Company") (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, today announced financial results for the fourth quarter and year ended December 31, 2024. "Our fourth-quarter results were in line with our expectations as our Environmental Services (ES) segment capped a record 202 ...

The upcoming report from Clean Harbors (CLH) is expected to reveal quarterly earnings of $1.34 per share, indicating a decline of 26.4% compared to the year-ago period. Analysts forecast revenues of $1.42 billion, representing an increase of 6.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a com ...

The market expects Clean Harbors (CLH) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...

A month has gone by since the last earnings report for Clean Harbors (CLH) . Shares have added about 11.4% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Clean Harbors due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Clean Harbors' Q3 Earnings Miss EstimatesClean ...

Robert F. Abbott has been investing his family’s accounts since 1995, and in 2010 added options, mainly covered calls and collars with long stocks. He is a freelance writer, and his projects include a website that provides information for new and intermediate-level mutual fund investors. A resident of Airdrie, Alberta, Canada, Robert has earned Bachelor of Arts and Master of Business Administration (MBA) degrees.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the co ...

Clean Harbors, Inc. (CLH) reported mixed third-quarter 2024 results, wherein earnings missed the Zacks Consensus Estimate while revenues beat the same.See Zacks Earnings Calendar to stay ahead of market-making news.Despite the earnings miss, the stock has gained 10.4% since the earnings release on Oct. 30, 2024.CLH’s earnings of $2.1 per share lagged the Zacks Consensus Estimate by 1.4% but increased 26.2% from the year-ago quarter’s actual. Total revenues of $1.5 billion surpassed the consensus estimate by ...

Clean Harbors (NYSE:CLH) Q3 2024 Earnings Conference Call October 30, 2024 9:00 AM ET Company Participants Michael McDonald - General Counsel Eric Gerstenberg - Co-Chief Executive Officer Mike Battles - Co-Chief Executive Officer Eric Dugas - EVP and Chief Financial Officer Jim Buckley - SVP of Investor Relations Conference Call Participants Tyler Brown - Raymond James Noah Kaye - Oppenheimer David Manthey - Baird Adam Bubes - Goldman Sachs Larry Solow - CJS Securities Jim Ricchiuti - Needham Brian Butler - ...