Clean Harbors Reports Record Q3 Revenue and Raises 2026 Guidance
Clean Harbors reported third-quarter revenue of $1.87 billion, up 21% year over year, and net income of $208.1 million, up 75%. Adjusted EBITDA rose 42% to $456.1 million. The company also raised 2026 Adjusted EBITDA and Adjusted Free Cash Flow guidance.
Clean Harbors, Inc. announced strong financial results for the third quarter ended September 30, 2026, with revenues reaching a record $1.87 billion, a 21% increase year-over-year. Net income rose 75% to $208.1 million, or $3.93 per diluted share, while Adjusted EBITDA grew 42% to $456.1 million. The company attributed these results to robust demand for environmental services, including emergency response and PFAS-related work, as well as high pricing for re-refined products in its Safety-Kleen Sustainability Solutions segment.
Additionally, the company announced an executive transition where Eric Gerstenberg will become the sole CEO on January 1, 2027, following the retirement of co-CEO Mike Battles. Clean Harbors also raised its 2026 guidance for Adjusted EBITDA and Adjusted Free Cash Flow.