Earnings ·
Reports Q3 net income of $208.1M and names Eric Gerstenberg sole CEO effective Jan. 1
CLHClean Harbors Inc
Clean Harbors reported third-quarter results with revenues increasing 21% to a record $1.87 billion, driven by strong performance in both its Environmental Services and Safety-Kleen Sustainability Solutions segments. Net income rose 75% to $208.1 million, or $3.93 per diluted share, while Adjusted EBITDA grew 42% to $456.1 million with an expanded margin of 24.4%. The company raised its full-year 2026 guidance for both Adjusted EBITDA and adjusted free cash flow by $80 million at the midpoint. Concurrently, Clean Harbors announced that Eric Gerstenberg will become sole Chief Executive Officer on January 1, 2027, succeeding Mike Battles, who is retiring as Co-CEO and Board member at year-end after serving in a strategic advisory role throughout 2027. Clean Harbors operates as North America’s leading provider of environmental and industrial services.