Clean Harbors (NYSE: CLH) reported Q2 EPS of $2.46, $0.24 better than the analyst estimate of $2.22. Revenue for the quarter came in at $1.55 billion versus the consensus estimate of $1.53 billion.

OUTLOOK

In the third quarter of 2024, Clean Harbors expects Adjusted EBITDA to grow 20% to 24% from the third quarter of 2023.

For full-year 2024, Clean Harbors now expects:

Adjusted EBITDA in the range of $1.125 billion to $1.165 billion or a midpoint of $1.145 billion, which represents 13% growth year-over-year. This Adjusted EBITDA range is based on anticipated GAAP net income in the range of $391 million to $426 million.
Adjusted free cash flow in the range of $350 million to $390 million, or a midpoint of $370 million, which includes approximately $65 million of spending related to the Kimball incinerator and $20 million for the Company’s Baltimore expansion. This range is based on anticipated net cash from operating activities in the range of $750 million to $820 million.

For earnings history and earnings-related data on Clean Harbors (CLH) click here.