Record Revenue and a $600M Disposal Contract Power Clean Harbors' Q2 Surge, Alongside a $305M Acquisition
CLH sits 60% above its 52-week low of $201.34.
Summary
Clean Harbors posted Q2 2026 net income of $170.5 million, up 34% year-over-year, while announcing a $600 million disposal contract and a $305 million acquisition. Full-year capex guidance was raised to $490–$550 million.
Key Events · Earnings and Guidance · CLH
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Q2 Earnings Beat
Driven by a 7.7% increase in Environmental Services and a 40.8% surge in Safety-Kleen Sustainability Solutions, net income climbed 34% to $170.5 million, or $3.22 per share, on revenue of $1.74 billion.
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$600M Disposal Contract
A major competitive win, the $600 million disposal contract secures multi-year revenue visibility and reinforces the company's standing in hazardous waste management.
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$305M ES&H Acquisition
Expanding its field services operations, Clean Harbors signed a $305 million all-cash deal to acquire ES&H, with closing expected in the second half of 2026.
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Raised Capex Guidance
To fund strategic growth projects—including a solvent de-asphalting unit and fleet expansion—full-year 2026 capital spending guidance was increased to $490–$550 million, up from prior expectations.
Analysis · CLH · Energy & Transportation
A standout quarter saw net income jump 34% to $170.5 million on revenue of $1.74 billion, fueled by robust environmental services demand and a rebound in oil re-refining margins. The company also unveiled a $600 million disposal contract and a $305 million acquisition of ES&H, underscoring an aggressive expansion push. With the stock near all-time highs, the results confirm the business is firing on all cylinders, though increased capex guidance and acquisition spending will pressure near-term free cash flow.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, CLH was trading at $322.74 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $17.1B. The 52-week trading range was $201.34 to $335.94. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.