Clean Harbors Q3 2025 Financial Results

Clean Harbors, Inc. announced its financial results for the third quarter ended September 30, 2025. The company reported revenue of $1.55 billion, a slight increase from $1.53 billion in the same period last year. Net income for the quarter was $118.8 million, or $2.21 per diluted share, compared to $115.2 million, or $2.12 per diluted share, in Q3 2024. Adjusted EBITDA rose 6% to $320.2 million, with an Adjusted EBITDA margin of 20.7%, up 100 basis points from the prior year. The company also revised its full-year 2025 Adjusted EBITDA guidance to $1.155 billion to $1.175 billion and raised its Adjusted Free Cash Flow guidance to $455 million to $495 million. Additionally, Clean Harbors announced a $210 million to $220 million investment in a new facility to upgrade and recycle re-refinery byproducts, expected to generate annual EBITDA of $30 million to $40 million upon completion in 2028.