Clean Harbors Reports Record Q3 2026 Results Driven by Emergency Response and Sustainability Solutions
Clean Harbors (CLH) delivered a robust third quarter for 2026, reporting revenue of $1.87 billion, a 21% increase year-over-year. The company achieved record performance across its operating segments, fueled significantly by a surge in emergency response activity—including a major warehouse fire in Los Angeles—and high demand within the Safety-Kleen Sustainability Solutions segment due to tight global supply and higher base oil prices. Financial strength was highlighted by an adjusted EBITDA of $456.1 million (up 42%) and record quarterly adjusted free cash flow of $323 million. Management raised its full-year 2026 guidance for both adjusted EBITDA and adjusted free cash flow, reflecting strong profitability and a robust sales pipeline. Despite some headwinds from refinery softness and acquisition integration costs, the company's strategic shift toward higher-value refined products and PFAS-related work continues to drive margin expansion.
Topics: EBITDA margin expansion emergency response revenue revenue growth segment performance
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