The raised guidance confirms management's confidence in the trajectory. Watch for continued execution in Technical Services and SKSS as catalysts. The stock likely reacts positively to the beat-and-raise. Consider building or adding to positions on any pullback.
Price Chart
Executive Summary
Clean Harbors reported Q1 2026 EPS of $1.19, beating consensus of $1.15 by 3.4%, on revenue of $1.46B (in line with $1.47B estimate). The company raised its full-year 2026 Adjusted EBITDA guidance midpoint by $40M to $1.27B and its free cash flow guidance by $10M to $520M, signaling strong operational momentum and confidence in the outlook.
Key Financial Metrics
Key Facts
- Q1 2026 revenue of $1.46B, up 1.9% YoY
- Diluted EPS of $1.19 vs consensus $1.15 (beat by 3.4%)
- Adjusted EBITDA of $247.9M, up 6% YoY; margin expanded 60bps to 17.0%
- Raised 2026 Adjusted EBITDA guidance to $1.24B-$1.30B (midpoint $1.27B)
- Raised 2026 adjusted free cash flow guidance to $490M-$550M (midpoint $520M)
- Environmental Services segment delivered 16th consecutive quarter of YoY Adjusted EBITDA margin improvement
- SKSS segment Adjusted EBITDA grew 17% YoY with 320bps margin improvement
Financial Impact
Adjusted EBITDA midpoint raised by $40M; free cash flow midpoint raised by $10M
Risk Factors
- Industrial Services segment remains soft due to macro headwinds
- Base oil price volatility could impact SKSS margins
- Execution risk on guidance raise if economic conditions deteriorate
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000822818-26-000017 |
| Document: clh-20260506.htm | 0000822818-26-000017 |
| Document: 0000822818-26-000017-index-headers.html | 0000822818-26-000017 |
| Document: 0000822818-26-000017-index.html | 0000822818-26-000017 |
| Document: 0000822818-26-000017.txt | 0000822818-26-000017 |
| 8-K Data (Synthetic) | 0000822818-26-000017 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Insider Cluster | $321.98 $322.99 | ▲ +0.31% | ▲ +2.31% | $318.51 (−1.08%) |
Aug 12, 2026 7w ago | 8-K | $316.65 $320.94 | ▲ +1.35% | ▲ +3.25% | $318.51 (+0.59%) |
Jul 29, 2026 9w ago | 8-K | $326.34 $313.67 | ▼ −3.88% | ▼ −8.90% | $318.51 (−2.40%) |
May 14, 2026 20w ago | 8-K | $308.40 $287.78 | ▼ −6.69% | ▼ −5.83% | $318.51 (+3.28%) |
May 6, 2026 21w ago | 8-K | $287.98 $286.63 | ▼ −0.47% | ▼ −3.25% | $318.51 (+10.60%) |
Apr 10, 2026 25w ago | DEFA14A | $302.23 $282.37 | ▼ −6.57% | ▼ −15.10% | $318.51 (+5.39%) |
Mar 17, 2026 28w ago | Insider Cluster | $290.55 $296.00 | ▲ +1.88% | ▼ −2.42% | $318.51 (+9.62%) |
US Market Status
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