Why Clear Harbors Stock Got Slammed Today

Core Viewpoint - Clean Harbors experienced a significant stock sell-off of over 11% following the release of its third-quarter results, which underperformed market expectations [1]. Financial Performance - The company reported third-quarter revenue of $1.55 billion, reflecting a year-over-year growth of just over 1% [2]. - Net income for the quarter was $118.8 million, or $2.21 per share, which was only slightly above the previous year's profit of $115.2 million [2]. - Both revenue and net income figures fell short of analyst expectations, which were $1.57 billion for revenue and $2.40 per share for net income [3]. Guidance Revision - Clean Harbors revised its full-year 2025 guidance, lowering its forecast for non-GAAP adjusted EBITDA to a range of just under $1.16 billion to almost $1.18 billion, down from a previous estimate of $1.16 billion to $1.2 billion [4]. - On a positive note, the company anticipates an increase in adjusted free cash flow, now projected to be between $455 million and $495 million, up from the earlier forecast of $430 million to $490 million [5].