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Clean Harbors (CLH)
NYSE:CLH
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.37Last Year’s EPS
$1.82Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -12.48%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Neutral
The call reflected solid performance in the Environmental Services segment and successful acquisitions, but challenges in the SKSS segment, industrial services, and inventory management led to lowered guidance. The company remains optimistic about growth prospects for 2025.Company Guidance
During the Clean Harbors Q3 2024 earnings call, the company provided guidance highlighting several key metrics and operational insights. The Environmental Services (ES) segment demonstrated robust performance with a 15% increase in adjusted EBITDA on a 13% revenue rise, leading to a 40 basis point margin improvement. The Safety-Kleen Environmental Services saw an 8% revenue increase, although the Safety-Kleen Sustainability Solutions (SKSS) faced a challenging environment with a 32% EBITDA increase not meeting expectations due to a softer market in September. The company's incineration utilization improved to 89%, and they are set to launch a new incinerator in Kimball, Nebraska. For 2024, Clean Harbors revised its adjusted EBITDA guidance to a midpoint of $1.11 billion, reflecting a 10% year-over-year increase, while also adjusting their free cash flow expectations to a midpoint of $300 million due to inventory and AR billing challenges. Looking ahead to 2025, Clean Harbors anticipates continued growth, driven by favorable market dynamics, with expectations for mid-single-digit organic revenue growth and mid- to high-single-digit adjusted EBITDA growth, particularly as new initiatives such as PFAS disposal and the integration of acquisitions like HEPACO unfold.Strong Safety Performance
The company reported a total recordable incident rate of 0.69 year-to-date, reflecting a leading position in industry safety.
Environmental Services Segment Growth
Adjusted EBITDA in the Environmental Services segment increased by 15% on a 13% increase in revenue, marking the 10th consecutive quarter of year-over-year improvement.
HEPACO Acquisition Boosts Growth
The acquisition of HEPACO contributed significantly to the field services growth, helping drive a 68% increase in the top line.
New Incinerator On Track
The new state-of-the-art incinerator in Kimball, Nebraska is on track to begin operations in November, marking the largest construction project in the company's history.
Positive Outlook for 2025
The company anticipates mid-single-digit organic revenue growth and mid- to high single-digit adjusted EBITDA growth in 2025, supported by favorable market dynamics and new capacity coming online.
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CLH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CLH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $263.39 | $235.15 | -10.72% |
| Jul 31, 2024 | $224.42 | $238.73 | +6.38% |
| May 01, 2024 | $189.45 | $202.36 | +6.81% |
| Feb 21, 2024 | $187.40 | $181.49 | -3.15% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Clean Harbors (CLH) report earnings?
Clean Harbors (CLH) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Clean Harbors (CLH) earnings time?
Clean Harbors (CLH) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CLH EPS forecast?
CLH EPS forecast for the fiscal quarter 2024 (Q4) is $1.37.
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