Clean Harbors(US:CLH)2022-08-07 00:56Q2 2022 Performance Highlights - Revenue reached $1.36 billion, a 46% year-over-year increase, driven by the addition of HPC, organic growth, and pricing adjustments to offset inflation[5] - Adjusted EBITDA increased by 65% to $309.1 million, with an Adjusted EBITDA margin of 22.8%[5] - GAAP EPS was $2.71, and Adjusted EPS was $2.44[5] - Adjusted free cash flow was $94.6 million, compared to $114.6 million in Q2 2021[5] Segment Performance - Environmental Services segment experienced strong demand across its disposal network and service businesses, including contributions from HPC[5] - Safety-Kleen Sustainability Solutions segment achieved record performance due to effective base oil spread management and favorable market pricing dynamics, with revenue of $265.5 million, a 31% increase from Q2 2021's $202.3 million[5, 9] - Safety-Kleen Sustainability Solutions segment Adjusted EBITDA increased by 53% to $97.0 million from $63.3 million in Q2 2021[9] Financial Position - Cash and short-term marketable securities totaled $415.4 million as of June 30, 2022[13] - Current and long-term debt amounted to $2.5285 billion as of June 30, 2022[13] Full-Year 2022 Guidance - The company projects net income between $355 million and $390 million[16] - Adjusted EBITDA is expected to range from $975 million to $1.005 billion[16] - Adjusted free cash flow is projected to be between $310 million and $350 million[16]