Clean Harbors exceeded its second-quarter guidance with record revenue, adjusted EBITDA, and adjusted EBITDA margin. The company announced a significant 10-year disposal contract valued at $600 million, expected to provide a decade-long growth runway. It is also expanding into the data center market with plans to invest $50 million over the next three years. The Safety-Kleen Sustainability Solutions segment delivered a greater than 40% increase in top-line revenue, driven by elevated market pricing and effective oil collection management. However, the company faces uncertainty around base oil pricing and anticipates a decrease in adjusted EBITDA for that segment in the fourth quarter.
Clean Harbors IncRecord Q2 revenue, adjusted EBITDA, and margin beat guidance.