Clean Harbors reports Q1 EPS $1.36, consensus $1.17

Reports Q1 revenue $1.31B , consensus $1.25B. "We opened 2023 with a strong first-quarter performance led by our Environmental Services segment," said Mike Battles and Eric Gerstenberg, Co-Chief Executive Officers. "We delivered 12% top-line growth that translated to a 19% increase in Adjusted EBITDA. As a result, our Adjusted EBITDA margin grew by 110 basis points from the same period in 2022. The quarter’s profitable growth in the Environmental Services segment more than offset a decrease in the profitability of our Safety-Kleen Sustainability Solutions segment. In addition, we posted the best first-quarter safety results in our history, registering a Total Recordable Incident Rate (TRIR) of 0.61. Our team members did a phenomenal job embracing the ‘Safety Starts with Me’ mindset on the job every day."