CLH Q1 2025 Earnings
Reported Apr 30, 2025 at 7:37 AM ET · SEC Source
Q1 25 EPS
$1.09
BEAT +3.62%
Est. $1.05
Q1 25 Revenue
$1.43B
MISS 0.62%
Est. $1.44B
vs S&P Since Q1 25
+18.4%
BEATING MARKET
CLH +48.4% vs S&P +30.0%
Market Reaction
Did CLH Beat Earnings? Q1 2025 Results
Clean Harbors posted a mixed but broadly solid first quarter, nudging past earnings expectations while falling just short on revenue as the environmental services giant navigated a quarter defined by acquisition-driven cost pressures and strong opera… Read more Clean Harbors posted a mixed but broadly solid first quarter, nudging past earnings expectations while falling just short on revenue as the environmental services giant navigated a quarter defined by acquisition-driven cost pressures and strong operational momentum. Diluted EPS of $1.09 edged above the consensus estimate of $1.05 by 3.62%, even as net income slipped to $58.68 million from $69.83 million a year ago, weighed down by elevated depreciation and amortization tied to acquisitions and the new Kimball incinerator. Revenue grew 4.0% year over year to $1.43 billion, coming in fractionally below the $1.44 billion consensus estimate. The Environmental Services segment led the way, with Field Services surging 32% on the HEPACO acquisition and incineration utilization hitting 88%, while the Safety-Kleen Sustainability Solutions segment showed signs of a turnaround, with executives signaling the business has turned a corner despite a softer commodity backdrop. Looking ahead, management reaffirmed full-year 2025 Adjusted EBITDA guidance of $1.15 billion to $1.21 billion and projected adjusted free cash flow of $430 million to $490 million, reflecting confidence in the Kimball ramp-up and emerging PFAS opportunities.
Key Takeaways
- • Field Services revenue increased 32% driven by HEPACO acquisition
- • Technical Services revenue grew 5% on strength of volumes and pricing
- • Incineration utilization at 88% (excluding Kimball), up from 79% year-ago period
- • Average incineration price rose more than 5% on a mix-adjusted basis
- • Safety-Kleen Environmental Services posted 5% revenue increase in ES segment
- • SKSS revenue increased 9% on greater volumes sold from Noble Oil acquisition and shift to higher charge-for-oil pricing
- • Higher depreciation and amortization of $112.0 million vs. $95.1 million from acquisitions and Kimball incinerator weighed on operating income
- • Best quarterly safety results in company history with TRIR of 0.46
CLH YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CLH Revenue by Segment
With YoY comparisons, source: SEC Filings
“We began 2025 with a solid, first-quarter performance as our Environmental Services (ES) segment closed Q1 with a strong March helping to overcome unfavorable weather impacts early in the quarter and results in our Safety-Kleen Sustainability Solutions (SKSS) segment exceeded our expectations. Demand trends for our disposal and recycling assets were very strong in the quarter. In addition, we posted the best quarterly safety results in our history, registering a Total Recordable Incident Rate (TRIR) of 0.46.”
— Mike Battles, Q1 2025 Earnings Press Release
CLH Earnings Trends
CLH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CLH EPS Trend
Earnings per share: estimate vs actual
CLH Revenue Trend
Quarterly revenue: estimate vs actual
CLH Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.62 | $1.62 | +0.00% | $1.50B | +2.47% |
| FY Full Year | $7.25 | $7.28 | +0.38% | $6.03B | +0.60% |
| Q3 25 MISS | $2.39 | $2.21 | -7.56% | $1.55B | -1.43% |
| Q2 25 MISS | $2.39 | $2.36 | -1.16% | $1.55B | -2.65% |
| Q1 25 BEAT | $1.05 | $1.09 | +3.62% | $1.43B | -0.62% |