Clean Harbors released its second quarter 2026 financial results, demonstrating significant growth across key metrics. Revenue reached $1.74B, representing an 11.9% increase compared to the prior year period. Net income climbed to $170.5M, up 34.3% year over year, while adjusted EBITDA totaled $409M, a 21.6% increase from the same quarter in the prior year.
The company’s Safety-Kleen Sustainability Solutions segment delivered notably strong performance, with quarterly revenue rising 41% year over year. The environmental services division contributed 11% revenue growth, driven by pricing improvements and expanded containerized waste collection and vacuum services offerings. Clean Harbors also announced plans to acquire ES&H, a Louisiana-based field services company, for $305M in an all-cash transaction subject to final negotiations. The acquisition is projected to generate approximately $90M in annual base revenue and roughly $5M in cost synergies during its first full year of operation. ES&H operates 13 service branches across Louisiana and Texas and maintains the Coast Guard’s highest oil spill response classification.
The company simultaneously announced the closing of a substantial 10-year contract valued at approximately $600M. The arrangement involves a phased launch of multiple manufacturing sites through 2030 and reflects broader industry trends toward domestic manufacturing reshoring. Additionally, Clean Harbors is investing approximately $50M in specialized equipment, tankage and vehicles to develop data center-related services. The company has secured work on 10 data center sites while pursuing bids on approximately a dozen additional locations, with management targeting $200M in annual revenue from this segment by the end of 2028.
Clean Harbors also raised projections for PFAS-related remediation work from a prior 20% year-over-year growth target to 30%. The company executed a large emergency response event generating $30M in PFAS treatment and remediation during the quarter. Incinerator utilization improved to 91% in the second quarter from 86% in the prior year period, while landfill volumes increased 7% year over year. The company raised its adjusted EBITDA guidance by $110M at the midpoint, projecting a range of $1.35B to $1.41B for the full year, and raised adjusted free cash flow guidance by $30M to a projected range of $520M to $580M.
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