Clean Harbors(NYSE) CLH

Clean Harbors, Inc. helps businesses dispose of hazardous waste safely. It cleans up spills and recycles motor oil into new products. The company manages materials that are dangerous or difficult to handle.

How the Company Handles Waste

• Environmental Services: Management, transportation, and disposal of hazardous and nonhazardous waste; direct revenues were $1.5 billion in the three months ended June 30, 2026.
• Sustainability Solutions: Collection of used motor oil and automotive fluids to create recycled oil products; direct revenues were $278.4 million in the three months ended June 30, 2026.
• Technical Services: Handling of complex waste like synthetic chemicals; filtration projects generated over $30 million in the three months ended June 30, 2026.
• Industrial Services: Maintenance and cleaning for manufacturing sites; direct revenues decreased $22.3 million in the six months ended June 30, 2026.

Strategic Growth and Recent Deals

• Acquired businesses from Depot Connect International and Terra Nova Solutions in the first half of 2026.
• Began construction of a Solvent De-Asphalting unit in Indiana, with expected completion in 2028.
• Expanded the vacuum truck fleet to increase service capacity for industrial customers.
• Placed a second incinerator facility in Kimball into service in late 2024.

What Makes Clean Harbors Stand Out?

Clean Harbors operates the largest network of hazardous waste incinerators and disposal facilities in North America. This extensive infrastructure enables the company to serve over 350,000 customers, including most of the Fortune 500.

A Look at the Numbers

• Total direct revenues reached $1.7 billion in the three months ended June 30, 2026, up 11.9% year over year.
• Net income was $170.5 million in the three months ended June 30, 2026, up 34.3% year over year.
• Adjusted EBITDA grew 21.6% to $409.0 million in the three months ended June 30, 2026. This non-GAAP measure tracks core earnings.
• Net cash from operating activities was $245.5 million in the six months ended June 30, 2026, up from $209.6 million in the prior year.
• The company had $549.4 million available for share repurchases as of June 30, 2026.

Evolution and Impact

Clean Harbors has evolved from a waste management company into a major provider of recycled industrial products. Its large infrastructure network and focus on sustainability help it remain a leader in environmental services.