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Clean Harbors (CLH) guidance and outlook
Clean Harbors (CLH) raised its guidance on Oct 28, 2026: EBITDA +23% to +26% for Q4 2026; EBITDA $1.4B–$1.5B for Q4 2026; Net income $528M–$563M for Q4 2026; Free cash flow $600M–$660M for Q4 2026. Clean Harbors' 10-Q filed Jul 29, 2026 makes 22 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| EBITDA | Q4 2026 | +23% to +26% | new |
| EBITDA | Q4 2026 | $1.4B–$1.5B | new |
| Net income | Q4 2026 | $528M–$563M | new |
| Free cash flow | Q4 2026 | $600M–$660M | new |
From the earnings release filed Oct 28, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Jul 29, 2026
- • Environmental Services - The Environmental Services segment results are driven by customer demand for our wide variety of services: the volume, pricing and mix of waste managed; and project work requiring responsible waste handling and disposal.
- Additional growth in Technical Services revenues was driven by fuel surcharges and higher volumes across our disposal network, including volumes generated from remediation projects and PFAS-related work.
- The remaining increase in Technical Services revenues was attributable to incremental revenues from fuel surcharges, higher volumes of waste in our network from remediation projects and PFAS related work.
- We aim to manage these increases through constant cost monitoring and a focus on cost savings, including lowering employee turnover, as well as our overall customer pricing strategies, which are designed to offset the inflationary impacts on our margins.
- We aim to manage our SG&A expenses in line with the overall performance of our segments and corresponding revenue levels.
- For the year, we anticipate that these Corporate SG&A expenses will trend slightly higher than the prior year but will remain flat as a percentage of revenues.
- For the six months ended June 30, 2026, total integration costs related to acquisitions completed during the period and strategic projects for which we expect to derive long term benefits were $4.4 million.
- We also compare our Adjusted EBITDA performance against internal targets as a key factor in determining cash and equity bonus compensation for executives and other employees, largely because we believe that this measure is indicative of how the fundamental business is performing and being managed.
- For the remainder of 2026, we expect interest expense, net of interest income to continue to be lower than the prior year assuming current rates and our current debt portfolio.
- Our primary ongoing cash requirements will be to fund operations, capital expenditures, interest payments and investments in line with our business strategy as of the date of this report.
- We monitor our actual needs and forecasted cash flows, our liquidity and our capital resources, enabling us to plan our present needs and fund items that may arise during the year as a result of changing business conditions or opportunities.
- For 2026, these significant strategic growth investments include current year spend on (i) the multi-year construction of a Solvent De-Asphalting unit, or SDA, adjacent to our East Chicago, Indiana re-refinery, (ii) our multi-year vacuum truck fleet expansion project and (iii) our multi-year investment in specialty assets to support our data center market offering.
Clean Harbors' latest quarter
Clean Harbors, Q3 2026: revenue $1.9B (+21% year over year), operating margin 17.0%, net earnings $208M, operating cash flow $419M. The chart follows the revenue to costs, profit and cash.
Questions
Did Clean Harbors raise or lower its guidance?
Clean Harbors (CLH) raised its guidance on Oct 28, 2026: EBITDA +23% to +26% for Q4 2026; EBITDA $1.4B–$1.5B for Q4 2026; Net income $528M–$563M for Q4 2026; Free cash flow $600M–$660M for Q4 2026.
What does Clean Harbors expect?
• Environmental Services - The Environmental Services segment results are driven by customer demand for our wide variety of services: the volume, pricing and mix of waste managed; and project work requiring responsible waste handling and disposal. Additional growth in Technical Services revenues was driven by fuel surcharges and higher volumes across our disposal network, including volumes generated from remediation projects and PFAS-related work. The remaining increase in Technical Services revenues was attributable to incremental revenues from fuel surcharges, higher volumes of waste in our
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.