Clean Harbors Reports Strong Q1 2026 Earnings with Double-Digit EPS Growth and Confirms Acquisition
CLH sits 43% above its 52-week low of $201.34.
Summary
Clean Harbors reported strong first-quarter 2026 financial results, featuring double-digit EPS growth and a significant increase in net income and Adjusted EBITDA, while also confirming the completion of a strategic acquisition.
Key Events · Earnings and Guidance · CLH
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Strong Q1 2026 Financial Performance
For the three months ended March 31, 2026, total revenues increased by 1.9% to $1,459.5 million, net income rose by 7.7% to $63.2 million, and diluted EPS grew by 9.2% to $1.19. Adjusted EBITDA increased by 5.5% to $247.9 million.
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Completion of Depot Connect International Acquisition
The company completed the acquisition of certain environmental businesses from Depot Connect International on March 20, 2026, for an all-cash purchase price of $131.8 million. This acquisition expands the Environmental Services segment's Technical and Field Services.
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Healthy Liquidity and Share Repurchase Program
Clean Harbors maintains a strong liquidity position with $669.0 million in cash and marketable securities and $454.7 million available under its revolving credit facility. The company repurchased $25.0 million of common stock in Q1 2026, with $574.4 million remaining under the expanded share repurchase program authorized on February 18, 2026.
Analysis · CLH · Energy & Transportation
Clean Harbors delivered a solid first quarter, demonstrating healthy growth in net income and EPS, alongside a notable increase in Adjusted EBITDA. The company successfully integrated the previously announced Depot Connect International acquisition, which is expected to further expand its Environmental Services segment. Despite a modest increase in total revenues, the improved profitability metrics indicate effective cost management and operational efficiency. The strong liquidity position, with substantial cash and available credit, provides a stable financial foundation for ongoing operations and strategic investments, including the continued share repurchase program.
At the time of this filing, CLH was trading at $287.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $15.2B. The 52-week trading range was $201.34 to $316.98. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.