Clean Harbors Reports Strong Q1 Results, Raises Full-Year Adjusted EBITDA and Free Cash Flow Guidance

summarizeSummary

Clean Harbors announced better-than-expected first-quarter 2026 financial results, including record Q1 revenue and increased profitability, leading to a significant raise in its full-year Adjusted EBITDA and Adjusted Free Cash Flow guidance.

check_boxKey Events

• Record Q1 Revenue Achieved

  The company delivered its highest Q1 revenue in history, reaching $1.46 billion for the first quarter ended March 31, 2026.

• Strong Profitability Growth

  Clean Harbors reported a 6% increase in Q1 Adjusted EBITDA to $247.9 million and expanded its Adjusted EBITDA margin by 60 basis points year-over-year.

• Full-Year Guidance Raised

  The midpoint of the 2026 Adjusted EBITDA guidance was raised by $40 million to $1.27 billion, and the Adjusted Free Cash Flow guidance midpoint was increased by $10 million to $520 million.

auto_awesomeAnalysis

Clean Harbors' strong first-quarter performance, marked by its highest-ever Q1 revenue and improved Adjusted EBITDA margins across both segments, demonstrates operational efficiency and robust demand. The decision to raise full-year guidance for both Adjusted EBITDA and Adjusted Free Cash Flow signals management's confidence in continued growth and profitability, reinforcing the company's positive trajectory, especially as it trades near its 52-week high.